NexusFi: Find Your Edge


Home Menu

 





NQ-nalysis


Discussion in Emini and Emicro Index

Updated
      Top Posters
    1. looks_one tturner86 with 307 posts (434 thanks)
    2. looks_two srgtroy with 74 posts (156 thanks)
    3. looks_3 Chippstrader with 48 posts (23 thanks)
    4. looks_4 trendisyourfriend with 40 posts (70 thanks)
      Best Posters
    1. looks_one srgtroy with 2.1 thanks per post
    2. looks_two trendisyourfriend with 1.8 thanks per post
    3. looks_3 tturner86 with 1.4 thanks per post
    4. looks_4 Chippstrader with 0.5 thanks per post
    1. trending_up 127,279 views
    2. thumb_up 883 thanks given
    3. group 42 followers
    1. forum 666 posts
    2. attach_file 579 attachments




 
Search this Thread

NQ-nalysis

  #141 (permalink)
 
trendisyourfriend's Avatar
 trendisyourfriend 
Quebec Canada
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES, NQ, YM
Frequency: Daily
Duration: Minutes
Posts: 4,527 since Oct 2009
Thanks Given: 4,171
Thanks Received: 6,018

Just for the record, i scratched the first attempt at BE.

P.S. i do not use 100+ ticks stop loss or average down as price is going against me.

Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
NexusFi Journal Challenge - April 2024
Feedback and Announcements
Better Renko Gaps
The Elite Circle
Exit Strategy
NinjaTrader
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
Futures True Range Report
The Elite Circle
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
The Program
18 thanks
GFIs1 1 DAX trade per day journal
18 thanks
  #142 (permalink)
 
Zwaen's Avatar
 Zwaen 
Netherlands, Blaricum
 
Experience: Intermediate
Platform: Excel, Python, R
Broker: IB
Trading: Options
Posts: 250 since Dec 2010
Thanks Given: 848
Thanks Received: 238


trendisyourfriend View Post
]

Nice entry

I tried to figure out what the numbers under the bars on your footprint chart represent, but could't figure it out. I'm curious?

One of my worst enemies are my own false assumptions
Reply With Quote
Thanked by:
  #143 (permalink)
 
trendisyourfriend's Avatar
 trendisyourfriend 
Quebec Canada
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES, NQ, YM
Frequency: Daily
Duration: Minutes
Posts: 4,527 since Oct 2009
Thanks Given: 4,171
Thanks Received: 6,018



Zwaen View Post
Nice entry

I tried to figure out what the numbers under the bars on your footprint chart represent, but could't figure it out. I'm curious?

I am not an expert using order flow but here is how i analysed a third opportunity at around the same area:



The numbers represent the delta.

Reply With Quote
  #144 (permalink)
 
trendisyourfriend's Avatar
 trendisyourfriend 
Quebec Canada
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES, NQ, YM
Frequency: Daily
Duration: Minutes
Posts: 4,527 since Oct 2009
Thanks Given: 4,171
Thanks Received: 6,018

The grand context:


Reply With Quote
Thanked by:
  #145 (permalink)
 
Traderwolf's Avatar
 Traderwolf 
Raleigh,NC
 
Experience: None
Platform: Versatile and Stable
Broker: Reliable and Accurate
Trading: Money
Posts: 250 since Feb 2012
Thanks Given: 154
Thanks Received: 1,028


trendisyourfriend View Post
Just for the record, i scratched the first attempt at BE.

P.S. i do not use 100+ ticks stop loss or average down as price is going against me.


@trendisyourfriend

Good job.. It really bothers me when I hear traders here who are respected mention wide stops and scaling into positions(averging down is part of it). Those strategies are for those who are very experienced and have large accounts to enable a large loss here and there which WILL HAPPEN!

I cannot tell you the number of new traders who I know who have averaged down with huge stops only to blow an account or two,

Risk management is Job #1 for most retail traders.

Thanks for reenforcing this!

Wolf

Reply With Quote
Thanked by:
  #146 (permalink)
 
tturner86's Avatar
 tturner86 
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-40
Trading: GBU-39
Posts: 6,191 since Sep 2013
Thanks Given: 10,459
Thanks Received: 12,695

Naz is nearing its 50 SMA at 4006.


Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #147 (permalink)
 
tturner86's Avatar
 tturner86 
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-40
Trading: GBU-39
Posts: 6,191 since Sep 2013
Thanks Given: 10,459
Thanks Received: 12,695

Naz is appearing to setup for a Major Trend Reversal (MTR).



Price is having trouble breaking -1 SD band.


Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #148 (permalink)
 
tturner86's Avatar
 tturner86 
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-40
Trading: GBU-39
Posts: 6,191 since Sep 2013
Thanks Given: 10,459
Thanks Received: 12,695

Second MTR buy signal. MTR getting strong. This is a higher low MTR. Entry is 4008.50 with stoploss at 4001.50.

EDIT: Out at 11.50. Trailed stop too tight.


Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #149 (permalink)
 
tturner86's Avatar
 tturner86 
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-40
Trading: GBU-39
Posts: 6,191 since Sep 2013
Thanks Given: 10,459
Thanks Received: 12,695

BTFDer's failed to come in. Really surprised that they didn't. 5% decline would be around 3908, 10% would be around 3702.

We are at the bottom of the range for Sept so I am bullish tomorrow unless there is a sell catalyst.


Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #150 (permalink)
 
trendisyourfriend's Avatar
 trendisyourfriend 
Quebec Canada
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES, NQ, YM
Frequency: Daily
Duration: Minutes
Posts: 4,527 since Oct 2009
Thanks Given: 4,171
Thanks Received: 6,018


I have put some ranges on my chart that seem to make sense. What do you think?

See this ab=cd ? We are currently at the bottom of a huge range. The logic of auction says to fade this level but with such a big session today it's weird to think that price might revert back to the top.


Reply With Quote
Thanked by:




Last Updated on December 29, 2016


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts