NQ-nalysis - Emini Index Futures Trading | futures.io
futures io futures trading


NQ-nalysis
Started: by tturner86 Views / Replies:39,652 / 666
Last Reply: Attachments:579

Welcome to futures io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.


You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Reply
 579  
 
Thread Tools Search this Thread
 

NQ-nalysis

  #361 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/Rithmic
Favorite Futures: ES, NQ
 
trendisyourfriend's Avatar
 
Posts: 3,632 since Oct 2009
Thanks: 2,949 given, 4,385 received


tturner86 View Post
[IMG]...

A little random line I draw earlier this week seemed to be in play today.
...

If a line serves a useful purpose like showing a target or helps assessing the market bias then it is certainly not a random element in your arsenal. Why not thinking about it as an element that may contribute to your success. My opinion about trendlines have changed quite a bit over the past months for the better.

Here is my take regarding the nasdaq. The market bias is up until proven wrong, ie, a break of the ascending trendline to the downside occurs.

Monthly profile based on tick volume:
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
The following 2 users say Thank You to trendisyourfriend for this post:
 
  #362 (permalink)
Webinar Host
Austin, TX
 
Futures Experience: Intermediate
Platform: F-16CM-50
Favorite Futures: JDAM
 
tturner86's Avatar
 
Posts: 5,622 since Sep 2013
Thanks: 9,705 given, 10,792 received
Forum Reputation: Legendary


trendisyourfriend View Post
If a line serves a useful purpose like showing a target or helps assessing the market bias then it is certainly not a random element in your arsenal. Why not thinking about it as an element that may contribute to your success. My opinion about trendlines have changed quite a bit over the past months for the better.

Here is my take regarding the nasdaq. The market bias is up until proven wrong, ie, a break of the ascending trendline to the downside occurs.

Monthly profile based on tick volume:
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

I agree. I believe that if you put some random lines on your chart and traded nothing but that you would make money. Problem is as humans we just can't do that.

Trendlines, S/R, and any other item on a chart can serve a purpose. Even the vaulted VWAP. There are some lines that are more or less random then others (pivots vs fibs, etc.)

When I worked in the semiconductor industry there was a saying "Stay as close to the wafer as possible". This meant you wanted a job that was directly related to the production of the chip, everything past that was fair game to job cuts. In trading I want to "Stay as close to price as possible". Closer to the price and closer to the present the better. Everything has a place somewhere, moving avg's, channels, VWAP, etc.

I have always said, pick something and do it.

Reply With Quote
The following 4 users say Thank You to tturner86 for this post:
 
  #363 (permalink)
Elite Member
Los Angeles
 
Futures Experience: Intermediate
Platform: NinjaTrader/Sierra
Favorite Futures: ES
 
srgtroy's Avatar
 
Posts: 1,413 since Jan 2011
Thanks: 990 given, 2,129 received



tturner86 View Post
...When I worked in the semiconductor industry there was a saying "Stay as close to the wafer as possible". This meant you wanted a job that was directly related to the production of the chip, everything past that was fair game to job cuts. In trading I want to "Stay as close to price as possible"...

Reminds me of this:


Reply With Quote
The following 2 users say Thank You to srgtroy for this post:
 
  #364 (permalink)
Elite Member
Los Angeles
 
Futures Experience: Intermediate
Platform: NinjaTrader/Sierra
Favorite Futures: ES
 
srgtroy's Avatar
 
Posts: 1,413 since Jan 2011
Thanks: 990 given, 2,129 received

The (Occasional) Fib Report

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Pretty double bottom on the 38.2% retracement. Indeed, on the intraday chart of the 6th, you will see another very pretty intraday double bottom right off the 4089 level. Anyway, there are some additional fibs known only to the freemasons that indicate strong support at 4089 FOR THIS WEEK. However, additional illuminati fibs also paint the 23.6% retracement at 4186 as a key go/no go level for this bounce. As Chris Berman of ESPN likes to say "That's why they play the game..."


Update: Adding chart of the intraday double bottom on the 6th and the bounce so far:

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


*No correlations are required with the use of these tools ()


Last edited by srgtroy; January 8th, 2015 at 05:57 AM.
Reply With Quote
The following 3 users say Thank You to srgtroy for this post:
 
  #365 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/Rithmic
Favorite Futures: ES, NQ
 
trendisyourfriend's Avatar
 
Posts: 3,632 since Oct 2009
Thanks: 2,949 given, 4,385 received

What a diffrence a few trendlines make ;-)

Futures Edge on FIO

What value do you place on the webinars on FIO?

 
Do you begin to see how a few trendlines can drive price action...
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
The following 3 users say Thank You to trendisyourfriend for this post:
 
  #366 (permalink)
Elite Member
Los Angeles
 
Futures Experience: Intermediate
Platform: NinjaTrader/Sierra
Favorite Futures: ES
 
srgtroy's Avatar
 
Posts: 1,413 since Jan 2011
Thanks: 990 given, 2,129 received

The (Occasional) Fib Report

Current support on the weekly:

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Daily view:

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


It's all about 4089 holding...otherwise we go to 4000.

Interestingly, just for today's session, there is a freemason fib at 4075 which could be the last line for the bulls...


Last edited by srgtroy; January 15th, 2015 at 06:24 AM.
Reply With Quote
The following 3 users say Thank You to srgtroy for this post:
 
  #367 (permalink)
Elite Member
Chicago
 
Futures Experience: Beginner
Platform: IB TWS, NinjaTrader
Favorite Futures: Stocks, YM, SPY
 
Posts: 145 since Jan 2014
Thanks: 89 given, 65 received

Pretty nice double bottom at around yesterday's low.

Reply With Quote
The following user says Thank You to ethand320 for this post:
 
  #368 (permalink)
Elite Member
Los Angeles
 
Futures Experience: Intermediate
Platform: NinjaTrader/Sierra
Favorite Futures: ES
 
srgtroy's Avatar
 
Posts: 1,413 since Jan 2011
Thanks: 990 given, 2,129 received

Not a fib, but pretty

Slanted Butterfly/Gartley inside a Trend Channel...

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
The following user says Thank You to srgtroy for this post:
 
  #369 (permalink)
Webinar Host
Austin, TX
 
Futures Experience: Intermediate
Platform: F-16CM-50
Favorite Futures: JDAM
 
tturner86's Avatar
 
Posts: 5,622 since Sep 2013
Thanks: 9,705 given, 10,792 received
Forum Reputation: Legendary


trendisyourfriend View Post
Do you begin to see how a few trendlines can drive price action...
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

I am hoping that your sarcastic emoji means your statement is a joke.

Trendlines, pivots, and any other indicator on the chart is like the waves on a lake. The waves themselves do not move the water but are evidence of the wind's effect on the water. A trendline is evidence of an action being taking on price. Did the trendline cause price to move? No. Are trendlines, pivots, fibs, etc helpful? Sure, as long as they are seen for what they are and treated as such.

Price is much like a lake. It is the flow in and out of that lake that directly moves it. With price it is the flow of money in and out that cause price to move. In the days of the pit you could watch and see the movers and shakers pull and push price up and down all day long. Today we only have the screen with price and a few indicators.

Understanding this has allowed me to understand that any thing I put on my chart will work and it will fail. And now when it fails I am no longer caught off guard. If something works, use it. If it doesn't remove it. Problem we all have is to really know and understand when something stops working and how to move forward with out.

Reply With Quote
The following 3 users say Thank You to tturner86 for this post:
 
  #370 (permalink)
Webinar Host
Austin, TX
 
Futures Experience: Intermediate
Platform: F-16CM-50
Favorite Futures: JDAM
 
tturner86's Avatar
 
Posts: 5,622 since Sep 2013
Thanks: 9,705 given, 10,792 received
Forum Reputation: Legendary


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Again black line is that measured move from 2014, bounced around that area. That measured move did not drive price. But gave me an area to watch and see how price reacts off of it.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Bear channel on the hourly, you can see the 4080's appears to be a range bottom and are bought each time we drop into it. 4070 is an area I am watching if that breaks and holds it could be a shift, if not a break of that could be quickly bought into a rally back to the top. I think it may be a bit before we see it again. I believe this week we will be back towards 4200 and test of the top of the channel.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


NQ's failure to reach an ATM and now created two lower highs is a bit bearish for me. But I also see this whole thing as a flag or descending triangle. Again you can see that 4070 area, if this range is broken and that break down fails it could be the move we need to see price rally higher.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


No real direction in the pascal channel yet.

Reply With Quote
The following user says Thank You to tturner86 for this post:

Reply



futures io > > > > NQ-nalysis

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

Mastering Trading Pysychology w/Brett Steenbarger & Trading Technologies

Elite only

PTMC Protrader Platform First Look w/Sergey Sokolov

Elite only

Spring Grains Outlook w/Sean Lusk @ Walsh Trading

Elite only

FIO Video Journal Challenge featuring NinjaTrader ($2,000+ of prizes)

April

Process above all else w/Anthony Crudele @ Futures Radio Show

Elite only

Machine Learning - Quantitative Trading w/Martin Froehler @ Quantiacs

Elite only

Market Dynamics w/Peter Davies @ Jigsaw Trading

Elite only

Ask Me Anything w/Patrick Rooney @ Trading Technologies

Apr 18

Ask Me Anything w/FuturesTrader71

Apr 19

Machine Learning w/Kris Longmore

Elite only

Market Analysis w/Dave Forss

Apr 25

Introducing iSystems with Stage 5 Trading

Apr 27
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Elite ES SP500 Spoo-nalysis tigertrader The Elite Circle 35680 Yesterday 04:53 AM
CL Crude-nalysis indextrader7 Commodities Futures Trading 227 November 4th, 2014 11:47 PM
NQ traders let's talk! JustJoe Emini Index Futures Trading 15 May 16th, 2014 01:34 PM
IQFEED: @NQ# vs. @NQ#C a2trader Brokers and Data Feeds 3 September 22nd, 2013 05:42 PM
NQ 7/2/2012 sdonahue MTPredictor 0 July 2nd, 2012 10:12 PM


All times are GMT -4. The time now is 04:28 PM.

no new posts
Page generated 2017-03-23 in 0.15 seconds with 20 queries on phoenix via your IP 54.197.180.64