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The PandaWarrior Chronicles
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The PandaWarrior Chronicles

  #2061 (permalink)
Elite Member
In the heat
 
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NQ back on track??

Thursday and Friday were both loser days for my NQ ideas....Today it was back to winning.....

One trade at confirmed breakout bar, add on at +10 move stop to just above the doji bar and hold on....

+40, +30...gross +35 on blended entry....

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  #2062 (permalink)
Elite Member
Philly, Pa
 
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Platform: NinjaTrader
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PandaWarrior View Post
Thursday and Friday were both loser days for my NQ ideas....Today it was back to winning.....

One trade at confirmed breakout bar, add on at +10 move stop to just above the doji bar and hold on....

+40, +30...gross +35 on blended entry....

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@PandaWarrior

just something to consider...

nq is showing relative strength to es

so why short the stronger of the 2 instruments ?

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  #2063 (permalink)
Elite Member
Quebec
 
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Platform: NinjaTrader wt Rancho Dinero's profiling tools
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tigertrader View Post
@PandaWarrior

just something to consider...

nq is showing relative strength to es

so why short the stronger of the 2 instruments ?

What difference does it make when both showed an opportunity with clear risk/reward and beside the NQ is what PandaWarrior trades?

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  #2064 (permalink)
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trendisyourfriend View Post
What difference does it make when both showed an opportunity with clear risk/reward and beside the NQ is what you trade?

in your rush to cynicism, why don't you stop and take a moment to think and reason?

the question is, which one showed the BEST opportunity?

if you have the choice of whether to sell the weaker or the stronger of two like instruments, what does logic dictate?

if you have the choice of whether to buy the stronger or the weaker of two like instruments, what does logic dictate?

what offers you the best chance of making money?

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Last edited by tigertrader; January 21st, 2014 at 06:29 PM.
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  #2065 (permalink)
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during earnings season it seems that each separate index is in their own world. it was a trend day down in the YM early on....while nq and tf had a very delayed reaction.

with exception of this past Friday it seems like you been getting paid much quicker on YM shorts of late....

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  #2066 (permalink)
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The PandaWarrior Chronicles


tigertrader View Post
@PandaWarrior

just something to consider...

nq is showing relative strength to es

so why short the stronger of the 2 instruments ?

$5.00 vs $12.50

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #2067 (permalink)
Elite Member
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tflanner View Post
during earnings season it seems that each separate index is in their own world. it was a trend day down in the YM early on....while nq and tf had a very delayed reaction.

with exception of this past Friday it seems like you been getting paid much quicker on YM shorts of late....

to say they're in a world of their own, might be going a little too far

it's still about flows and they're still arbed against each other

and whether its a flow oriented phenomena or value oriented one

it still boils down to relative strength

which means you buy strength and sell weakness

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  #2068 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: Advanced
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Posts: 172 since Jan 2013
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today:

YM: -.47%
NQ: +.66%
ES: +.18%
TF: +.46%

over a 100 bp difference between nq and ym today

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  #2069 (permalink)
Live Your Bliss
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When considering the BEST opportunity, I feel there is another issue when comparing them (ES vs. NQ vs. YM), and that is the clarity of signals (it's not just about strength, tigertrader). When you look at your setup(s) and compare across instruments, which instrument gives the most reliable signals? Which one the least? False triggers? Clarity? Traps? How do your exits work with each of these?

I studied all three carefully over the years with respect to my setups. BY FAR, the least trappy was ES and the worst one was YM. That finding shocked me... we are told ES is poor for day trading... NQ and YM are supposed to offer better opportunities...etc. Not the case.

ES 'protects' the price levels better (not as frayed)... and makes more sense as an instrument, at least for me.

"...the degree to which you think you know, assume you know, or in any way need to know what is going to happen next, is equal to the degree to which you will fail as a trader." - Mark Douglas
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  #2070 (permalink)
Trading for Fun
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tigertrader View Post
to say they're in a world of their own, might be going a little too far

it's still about flows and they're still arbed against each other

and whether its a flow oriented phenomena or value oriented one

it still boils down to relative strength

which means you buy strength and sell weakness

hello tigertrader, I think your words make a lot of sense. your +/- categorisation is currently on my wall right above my trading computer. I'm curious to know how do you compare the strength of 2 similar instruments. by the look of the 2 charts posted by "trendisyourfriend", I would have determined that ES was the stronger one instead, since its uptrend leading to the crash was relatively more orderly and had a better angle.

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