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Market Profile Trading Academy / MissTrade's Matt Davio - Ask Me Anything (AMA)
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Market Profile Trading Academy / MissTrade's Matt Davio - Ask Me Anything (AMA)

  #11 (permalink)
Site Administrator
Manta, Ecuador
 
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Please wrap screencast URL's in the screencast bbcode

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Becomes:

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  #12 (permalink)
 Vendor: marketprofiletradingacademy.com 
Bend, Oregon
 
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Oil bounced Right to Key area 93.4

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  #13 (permalink)
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MissTrade View Post
Mike I do trade the NQ mainly because it has traded wider than the ES for the past 6-9 months, and the wider moves offer me as an intraday trader more opportunities intraday than the ES right now.

Matt,

Maybe the range as a function of the index price is greater for the nasdaq, but it looks like so far in 2013 the NDX range is averaging about 25 points a day, and at $5 per NQ tick, this yields a per contract high to low average of about 25*$20 = $500 per day. (I used NDX range which should be almost identical to NQ as I don't have an NQ chart up)

ES is averaging about 11.25 per day, and thus has a contract dollar range of 11.25*$50 = $562 per day.

Taking into account the spread being a bit over twice as high for ES, they come out about even in terms of high to low dollar opportunity per day, given an average number of trades.

So I suppose if one's strategy somehow depends on the movement of the index as a percentage of the index value, then NQ may be more advantageous, but in terms of sheer dollar opportunity per contract per day based on the range, ES comes out the winner, if only slightly.

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  #14 (permalink)
 Vendor: marketprofiletradingacademy.com 
Bend, Oregon
 
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Posts: 63 since Mar 2013
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NQ

Or you can trade 2 contracts per NQ and double your exposure for same nominal move . . .

Whatever works for you.

Trade, Define Risk, Move!

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  #15 (permalink)
Site Administrator
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Matt will be presenting a webinar on futures.io (formerly BMT) on Monday, April 8th @ 4:30 PM ET, the topic is Advanced Market and Volume Profile:
https://futures.io/elite-circle/26580-webinar-advanced-market-volume-profile-matt-davio.html

Hope to see you there

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
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4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
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6)
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  #16 (permalink)
Site Administrator
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@MissTrade,

Matt, do you use any breadth tools like VIX, TICK or etc? If so can you elaborate on their usage as part of your methodology?

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

 
  #17 (permalink)
Site Administrator
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Posts: 46,237 since Jun 2009
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Big Mike View Post
@MissTrade,

Matt, do you use any breadth tools like VIX, TICK or etc? If so can you elaborate on their usage as part of your methodology?

Mike

Here is SPX, channel this entire CY and panel 2 is McClellan breadth

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Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

 
  #18 (permalink)
 Vendor: marketprofiletradingacademy.com 
Bend, Oregon
 
Futures Experience: Master
Platform: Ninja
Broker/Data: Ninja/Amp TOS, IB
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MissTrade's Avatar
 
Posts: 63 since Mar 2013
Thanks: 5 given, 64 received

VIX et al as indicators

I trade VIX and look at AD for informational purposes, but neither of them help me to trade ES per se.

I do like Trading VIX and have been favoring the long side of late with the VIX and do think we will see higher incidence of volatility April and May.

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Last edited by Big Mike; April 3rd, 2013 at 09:52 PM. Reason: fixed screencast tags
 
  #19 (permalink)
 Vendor: marketprofiletradingacademy.com 
Bend, Oregon
 
Futures Experience: Master
Platform: Ninja
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Posts: 63 since Mar 2013
Thanks: 5 given, 64 received

Why do you Trade?


If you have any questions about the products or services provided, please send me a Private Message or use the BMT "Ask Me Anything" thread

Last edited by MissTrade; April 4th, 2013 at 07:39 PM. Reason: fixed yt tags
The following 6 users say Thank You to MissTrade for this post:
 
  #20 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,237 since Jun 2009
Thanks: 29,350 given, 83,148 received


I edited your last post to embed the video. You can wrap YouTube URL's around the [youtube] bbcode to embed them. Click 'edit' on your post to see my example.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

The following 2 users say Thank You to Big Mike for this post:

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