Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

cuttshot

NQ Traders

Recommended Posts

scalper4,

 

the NQ had another perfect session today. 3 wins for 36 ticks of profit. the best part was i got done in the first 15 minutes of the session.

 

just a heads up you can always click on the thanks button on a post to save the time of writting a sentence out. not a big deal just thought i would throw that out there.

Share this post


Link to post
Share on other sites

Thanks for the info guys.n Just getting into trading and was told to start with the NQ. Just opened a Tradestation account so I will take a look at some of the settings mentioned.

 

What indicators do you all use to take these trades? I have a long way to go but everyone has to start somewhere right?

Share this post


Link to post
Share on other sites

Definitely a great day on the NQ 1pnt rangebar today.. All week, in fact. Also, the 2 point which is a much slower, easier chart to trade, had a great day and week too. In fact, last week was also amazing. I think I only had one loss last week. This week had a few more losses but still ended quite strong. It ends up being a 7 point trade and if you just trade until you have at least 2 winners and a positive result you'll have a happy ending most of the time. Not as exciting as the 1 range but not nearly as manic either.

Share this post


Link to post
Share on other sites

Indytrader, welcome to the forum. I agree that the NQ is a good futures market to start on but I would not be overzealous to jump right in without a well reseached and practiced trade plan. You can get good size trades with lower risk parameters due to the $20 per point and $5 per tick price movements which is good. But, you need to be on top of your form from an execution point of view becuase it moves fast and forces you to get good, real fast.

 

I use the HVMM trade system (google it if you want more info). I think it is an awesome trade system. It uses proprietary indicators but what I love about it is that it is dynamic and adjusts to current market conditions, and uses price action to base its setups on. The indicators are used to confirm the setups and then to calculate the entire trade profile, which then shows up right on the chart. It is too easy. lol.. I don't mean to sound like a commercial.. That's not my intention. But since you asked about indicators, I thought I would share with you what I use with the NQ and the 2 point range bar, although the 1 point range bar looks great too; smaller risk but requiring more execution skills due to the speed at which it can move at that faster timeframe. Hope that helps.

Share this post


Link to post
Share on other sites

 

the NQ had another perfect session today. 3 wins for 36 ticks of profit. the best part was i got done in the first 15 minutes of the session.

 

Hi cuttshot,

 

Nice trading. Any chance of you posting a chart and showing some of your trading techniques?

 

Thanks

 

~Mike

Share this post


Link to post
Share on other sites

You will probably go down the path of learning everything that does not work from experience first. Be prepared to be committed for 3-5 years. I use only zero lag indicators called trend lines , support and resistance. However, my first 2 years was trying all indicators. Keep in mind, everything including lagging indicators works in a trend.

 

 

What indicators do you all use to take these trades? I have a long way to go but everyone has to start somewhere right?

Share this post


Link to post
Share on other sites

Jajuan2 offers some good advice I think. I would only say that there are a lot of ways to skin the cat and everyone has a different learning curve. Still though, to be considered Pro at anything takes about 10,000 hours. You can shorten that perhaps if you get yourself a good mentor.

 

Most indicators do lag but they can be very useful as a component of your trading. I base my trades on pure price action, which is happening in real time at the right edge of the chart. I use a very few select indicators, not to base my trades on, but to either confirm my trades by corroborating the price action, or to actually calculate the size of my trade. The idea is to use the indicators to 'tune' the size of the trade to the current market condition. I didn't hear Jajuan2 mention anything about that type of application of indicators and in fact, I don't think there are very many out there that use them for that sort or purpose. But for me, it has been very effective. Like I said, there are many ways to skin the cat.

Share this post


Link to post
Share on other sites

Mike,

 

I haven't shown any charts up to this point because I know how it gets on forums with people posting charts of paid for systems. I'm not here to promote any system at all. After buying many different systems, the one I'm currently using is by far the one that has fit me the best. If you want more details on the system I use, send me a private message and I'll send you some screen shots.

 

indytrader you already have some great advice available to you. I would second Jajuan2 and amcan. It is very important to take your time. The markets will be open next week, next month, and next year. Make sure you take the time to create a trade plan for yourself before putting any money on the line. You will also want to take some time getting to know your charting/broker platform. There are a few of us here that are trading the NQ so feel free to bounce questions off of us. I'm not an expert by any means but I have been in your shoes and know how important it is to soak up as much knowledge as possible.

Share this post


Link to post
Share on other sites

Good point on the 10,000 hours. 10,000 hours applies to most things that are worth accomplishing in life. The key is you have to have passion and drive to make it through the journey. Anything that is easy and can be done in a short period of time will not have the same financial payoff as something that 90% of people are not able to do.

 

 

Jajuan2 offers some good advice I think. I would only say that there are a lot of ways to skin the cat and everyone has a different learning curve. Still though, to be considered Pro at anything takes about 10,000 hours. You can shorten that perhaps if you get yourself a good mentor.

Share this post


Link to post
Share on other sites

Avalanch,

It is my understanding that a Share Bar is the same thing as a volume bar or CVB. It measures shares or contracts just like volume. If I am wrong, someone will correct me. I use range bars personally. It is all about price, but volume is a great indicator of the momentum of the move.

Share this post


Link to post
Share on other sites

Time based charts with volume are a good indication of momentum. You need time in order to calculate momentum. When the average retail investor looks at buying or selling stock they are mostly looking at the number of shares and the price. Range charts works nice also, you just have to fine what you like and master it. Also learn to put price action into context of the higher time frames guys that move the market. A lot of the intraday price action appears to be random until you put it into context of what the big money guys are seeing on the daily and weekly charts. What feels like a crash intraday is just the weekly guys offering all the day down to the next weekly support level.

 

Avalanch,

It is my understanding that a Share Bar is the same thing as a volume bar or CVB. It measures shares or contracts just like volume. If I am wrong, someone will correct me. I use range bars personally. It is all about price, but volume is a great indicator of the momentum of the move.

Share this post


Link to post
Share on other sites

I like the way range bars appear in real time, but I've noticed that once you close the chart or session and come back, the chart is different - the bars are not the same as they were. I don't know why that is, but it has prevented me from back testing using range bars.

Share this post


Link to post
Share on other sites

Mark,

 

You have to make sure you are going back to the same day each time you load up your charts. If you don't you are going to be starting at a different point which is going to change the range sequence. So when you test just set a date and then make sure that is the starting point each time.

Share this post


Link to post
Share on other sites

Who do you use for data feed?

 

I like the way range bars appear in real time, but I've noticed that once you close the chart or session and come back, the chart is different - the bars are not the same as they were. I don't know why that is, but it has prevented me from back testing using range bars.

Share this post


Link to post
Share on other sites

Cutt,

You can keep that broken recording going and going. It is nice to hear that your system or strategy is doing well. Keep us posted. I just wish I had time to trade the NQ along with the 3 other markets I am doing. Maybe I should swing trade it.

Share this post


Link to post
Share on other sites
Who do you use for data feed?

 

Mark,

 

You have to make sure you are going back to the same day each time you load up your charts. If you don't you are going to be starting at a different point which is going to change the range sequence. So when you test just set a date and then make sure that is the starting point each time.

 

I'm using Tradestation. Looking at the current day's activity, the range bars are forming bla bla, but if I close the session and come back the bars are different using the same exact range/criteria, etc.

Share this post


Link to post
Share on other sites

I will show you mine..if you show me yours:) Here was yesterday. Not perfect. Got into a long that did not work. Then a nice short and then another small short winner. Today was great with short after short after short.but that is too easy right?

What I like is that the numbers are all there, the entries, targets and stops are all on the screen, so very easy to trade.

nqu10.thumb.jpg.ffb40cef1b1345bbb055b11bcc3316de.jpg

Share this post


Link to post
Share on other sites

thanks for your chart.

I have tried 3 range bar, 5 range bar, 7 range bar, and 13 range bar.

I like the signal 13 range bar gives, but since the stop loss is way out of my afford. I may want to settle in either 5 or 7.

How do you find 1 range bar in trading? and where is your entry and stop loss?

Share this post


Link to post
Share on other sites

Not sure if you are referring to the posers chart just above but if so, it is definitely Tradestation and looks like a 1 point range bar. I believe they stated they like a 1 point range bar for daytrading or a 2 point range bar especially when trading is active.

 

Someone also mentioned above that their bars might change a bit if they close and re-open their charts with range bars -- while I haven't observed that, if it's happening I don't think it really should dramatically change the results over time. Maybe on a trade by trade basis but I'd assume it would balance out since the difference shouldn't be too dramatic.

 

Another interesting bar type are Renko Bars. Think of them as Range Bars but with no overlap allowed -- like bricks stacked on top or below of each other. But, I guess that's a whole other conversation....:)

 

 

 

 

What program are you using?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • PLTR Palantir Technologies stock watch, consolidation at the 81.29 triple support area at https://stockconsultant.com/?PLTR
    • WMT Walmart stock watch, big pullback to 84.84 support area with high trade quality at https://stockconsultant.com/?WMT
    • AXSM Axsome Therapeutics stock watch. pullback to 120.5 gap support area with bullish indicators at https://stockconsultant.com/?AXSM
    • Date: 14th March 2025.   Gold Surges Past Record High as Market Volatility Persists.     Gold Surges Past Record High as Market Volatility Persists Gold surged towards $2,994 per ounce, surpassing its previous high set on Thursday. With a 2.6% rise this week, gold is on track for its most significant gain since November. Meanwhile, gold futures in New York comfortably exceeded the $3,000 mark, reflecting strong investor sentiment toward the precious metal. The robust performance of gold this quarter extends its strong annual rally in 2024. Market uncertainty, exacerbated by the US administration’s aggressive trade policies, has dampened risk appetite for equities, pushing the S&P 500 into correction territory this week. Central bank purchases increased ETF inflows, and bullish forecasts from major banks have further fueled gold’s ascent. Trade Tensions and Market Impact Former President Donald Trump escalated trade tensions by proposing a 200% tariff on European alcoholic beverages, including wine and champagne. Additionally, he reaffirmed his stance on retaining tariffs on steel and aluminium and signalled that reciprocal tariffs on global trade partners could take effect as early as April 2. As we approach the second quarter, reciprocal tariffs could drive another wave of market turbulence, solidifying gold’s appeal as a safe-haven asset. Gold and Equity Market Reactions The upward momentum in gold has also lifted mining stocks, with Australia’s Evolution Mining Ltd. reaching an all-time high. Global holdings in gold-backed ETFs increased to 2,687 tons, marking the highest level since November 2023. Analysts at major banks remain bullish on gold’s trajectory. Macquarie Group recently forecasted a potential spike to $3,500 per ounce in Q2, while BNP Paribas revised its outlook to show gold prices consistently above $3,000. Gold traded at $2,983.50 per ounce in the Asia session, reflecting a 14% year-to-date gain. Meanwhile, silver edged lower after nearing $34 per ounce, while platinum and palladium recorded gains.     US Stock Market Recovery Amid Uncertainty After a sharp sell-off, US stock futures rebounded. Futures tied to the Dow Jones Industrial Average rose 0.4%, while S&P 500 and Nasdaq Composite futures gained 0.6% and 0.8%, respectively. Despite the slight recovery, Wall Street remains on edge following the S&P 500’s descent into correction territory. Trump’s firm stance on tariffs has added to market concerns. During a meeting with NATO’s secretary general, he dismissed any possibility of easing trade restrictions, acknowledging that further market disruptions may lie ahead. Government Shutdown and Economic Indicators Adding to the economic uncertainty, a potential US government shutdown loomed over Wall Street. However, a breakthrough emerged late Thursday as Senate Minority Leader Chuck Schumer signalled a willingness to advance a Republican-led stopgap spending bill. Today the University of Michigan’s consumer sentiment survey is expected to shed light on how consumers are coping with inflation and trade disruptions. Last month’s report indicated weakening economic confidence, which could have further implications for spending trends. Asian Markets Rally Amid China’s Economic Stimulus Asian stock markets saw a strong performance this morning, brushing off Wall Street’s losses. Chinese stocks surged after state-run banks and financial institutions were instructed to support consumer spending. Hong Kong’s Hang Seng Index jumped 2.5% to 24,038.85, while the Shanghai Composite Index gained 1.9% to 3,420.65. In Tokyo, the Nikkei 225 added 0.9%, while Australia’s ASX 200 climbed 0.6%. China’s National Financial Regulatory Administration issued directives aimed at boosting consumer finance, including encouraging credit card usage and providing support for struggling borrowers. Economists, however, argue that broader reforms—such as wage growth and enhanced social welfare—are necessary for sustained economic recovery. Wall Street’s Struggles Amid AI Stock Declines Despite positive economic data, including lower-than-expected wholesale inflation and strong job market indicators, stock market turbulence continued. AI-related stocks, which have been at the forefront of market gains, faced renewed pressure. Palantir Technologies fell 4.8%, Super Micro Computer dropped 8%, and Nvidia fluctuated before closing 0.1% lower. Tesla also struggled, declining 3% and extending its 2025 losses to over 40%. In contrast, Intel shares soared 14.6% after announcing Lip-Bu Tan as its new CEO. Oil Prices and Currency Movements In commodities, US crude oil prices rose by $0.46 to $67.01 per barrel, while Brent crude increased by $0.44 to $70.32 per barrel. The US dollar strengthened to 148.63 Yen, while the Euro dipped slightly to $1.0845. Conclusion Market volatility remains high as investors navigate shifting trade policies, inflation concerns, and economic uncertainties. While gold continues to shine as a safe-haven asset, equity markets face persistent headwinds. As geopolitical and economic developments unfold, traders and investors must remain vigilant in the days ahead.   Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Andria Pichidi HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • ItuGlobal: Our Latest NETELLER VIPs 2025 ITU GLOBAL VIP Members’ Rewards Every calendar year, we choose 2 customers to become our VIPs. They’ve permanently special status with us and they can fund/withdraw Neteller through us, at parallel market rates, whether they open brokerage accounts through us or not.   These are people who funded with the highest amount of Neteller, and who also withdrew the highest amount of Neteller through us.  They would be announced in January each year and added to our list of VIPs. ItuGlobal: Our Latest NETELLER VIPs 2025 Adetoye Oyebanji Babalola: Adetoye O. has started selling large quantities of Neteller to us since the very beginning of our company’s existence. He also sold Perfect Money to us many times, when PM was still available in Nigeria. Besides, he has given us a lot of helpful business advice, which has proven to be invaluable to us. He deserves to become our VIP. Isiaka Adekunle Mohammed: He is a constant buyer. Buying e-currencies and also funding his Instaforex account through us. We thank Isiaka A. for his trust in us and wish him the best in everything he does. Abiodun Lawanson: This is an avid buyer and seller of Neteller. He buys and makes profits and sells back to us. Sometimes when we are not online, he will send an offline message and we will process his order once we come back online. He has thus become our VIP. Source: Ituglobalfx.com.ng  
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.