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NQ-nalysis
Started: by tturner86 Views / Replies:37,956 / 666
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NQ-nalysis

  #241 (permalink)
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tturner86 View Post
3759.50 ADN High, 3731.50 ADN Low. It is RTH or pit session.

@Fat Tails had mentioned that it is also requires the opening print to calculation. 3745.25 was open.

The values are correct. Noise bands are symmetrical bands around the open. The average noise is added to and subtracted from the open.

Today's regular open was indeed 3745.25, the average noise over 10 and 20 days was

ADN[10] = 20.50
ADN[20] = 13.00

This is an extreme situation. It means that over the last 10 trading days NQ made an average of 20.50 points to the closest extreme, while over the prior 10 days that same average was 5.50 points (13.00 is just the average calculated from 5.50 and 20.50)! Both volatility and uncertainty have shown a dramatic increase.

For the noise bands I have taken the arithmetic mean of ADN[10] and the ADN[20], but this is not necessary. You could also use 5 and 10 days and average them, if you want to have a look at a shorter period.

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  #242 (permalink)
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Super Fast Action Today

This was a Battle with Buyers winning up to this Point.....i had to grit my teeth in most Trades
This is one of the Charts showing some Nice set ups...although i did not take half of them

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NQ-nalysis-nq-12-14-12-betterrenko-10_16_2014.jpg  
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  #243 (permalink)
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EOD


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Circle is double bottom (triple) at the open that saw a rally today to the AWR Low. Arrow is a LVN at 3787.50. We have failed over the last two days to get through this area.

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On that daily we can see re rallied up to the VAH from yesterday and sold back below Y-VPOC. Today was also an inside range day of yesterday.

Good news is lows of 3700 are being bought, but 3770-3800's are being sold. So we are stuck until one side can get some momentum.

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  #244 (permalink)
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Broke Resistance & Down Trendline

Buyers have pushed Prices back above 3800

Made it up to 3840.50, and then Selling off.....Currently near VWAP.

Last Charts late in the Session shows Divergence at Recent Support Area around 3791.....Price moved from there up to 3821 and looks like we Closed just above 3800....we will see if 3791 Area holds.....If it does not hold we could be looking at a Failed A up, or 1-2-3 Top on these Shorter term Charts.

The Charts i posted are Short term Intraday Swing Charts i use to identify set ups for Day Trading.

I will be Looking to @ tturner86 to see his view and what Levels we could head toward next week.

Attached Thumbnails
NQ-nalysis-nq-12-14-30-betterrenko-10_17_2014.jpg   NQ-nalysis-nq-12-14-30-betterrenko-10_17_2014c.jpg   NQ-nalysis-nq-12-14-12-betterrenko-10_17_2014c.jpg   NQ-nalysis-nq-12-14-12-betterrenko-10_17_2014d.jpg   NQ-nalysis-nq-12-14-12-betterrenko-10_17_2014f.jpg   NQ-nalysis-nq-12-14-12-betterrenko-10_17_2014g.jpg   NQ-nalysis-nq-12-14-30-betterrenko-10_17_2014d.jpg  

Last edited by sandptrader; October 17th, 2014 at 06:42 PM. Reason: Add Chart
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  #245 (permalink)
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Hourly Update

Futures Edge on FIO

Which products do you trade?

 
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Today we rallied in globex and opened with a gap up and over the LVN at 3780's. Open we saw a sell off to this LVN that closed the gap with the Y-High. This backfilled the LVN and found support above the AWR Low.

Weekly VPOC shifted down and price has since traded above it. This is good context for more up. 3851.25/3857.25/3883.00 are all resistance above and should be watched.

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On the daily we sold off to the VAL from 10/15 and rallied since then. AMR Low is 3857.75 and is resistance above.

Overall I am done for the week, Flat after ES trade last night and two NQ trades this morning. Today's close will be the tell about next week.

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sandptrader View Post
Buyers have pushed Prices back above 3800

Thank you for your charts, always good to see something different and get different set of eyes on stuff.

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  #247 (permalink)
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Only commentary is a note on the last Globex daily chart. The red dashed line is the 10% move I started watching a last week or so. The day we hit it was the day I marked on the chart (no clue that would happen.) Just seemed odd to me.

Anyways the black line is the top of the Feb/May TR. This week we failed to close below it, today globex session tested that area and rallied off of it.

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The Week Ahead - Possible Island Reversal?

How 'bout some TA 101?

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Island reversal - Wikipedia, the free encyclopedia

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Commentary in video.

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10-18-2014 The Week Ahead.mp4 (5.89 MB, 12 views)
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  #249 (permalink)
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How 'bout some TA 101?

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Island reversal - Wikipedia, the free encyclopedia

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Commentary in video.

Looks closed to me, or are you referring to closing the gap with candle 6? I guess you guys are right about the gap being between the close and not the daily high or the low. But what really drives a gap close? Is it people getting out at break-even from the previous day? I never found that out.

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Itchymoku View Post
Looks closed to me, or are you referring to closing the gap with candle 6? I guess you guys are right about the gap being between the close and not the daily high or the low. But what really drives a gap close? Is it people getting out at break-even from the previous day? I never found that out.

Inside the bars we closed the gap, but for me there is still a gap because we have no hour bars open or close inside the gap. I will be watching to see if we trade in or away from the gap. Away from the gap is bullish and looking like a reversal. Where as if we trade into the gaps it becomes bearish.

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