Recent content by birdman

Thanks for the explanation, I'm learning. You primarily wait until you see 20 one-minute bars of sideways action before you trade? You avoid strong trends like you see on the first 17 one-minute bars today, from 8:30 to 8:46?

Enjoy your time off friend :)

Looks like you may have answered your own question. Try your suggestion and let us know how it goes. I think it will serve you well. You might also try exiting any position that is not positive within 20 seconds and let us know how that goes.

Inflation. When i was a kid, most places sold a coke for 10 cents and there was one store where you could buy them for 7 cents. In the vending machines when they jumped from 10 cents to 15 i thought it would slow sales down. Nope. About that same time i saw my first bottled water and said...

Very intresting comment about context. And as relates to context i believe you primarily run a 20 EMA on a 5 minute chart. Can you speak to why you prefer the 5 minute chart over the 1 minute? That choice amazes me given you scalp tiny time frames. And your choice of 20 EMA on a 5 minute served...

Thank you kindly for your reply! Although i posed the question of RR as risk : reward, in my notes to myself i also use Reward : Risk but either way is equally good. I appreciate you sharing. I only trade NQ and lately i have mostly been using bracket orders, which i can overide but seldom do...

I know it depends and varies, but would you say in general, when you trade 1 contract without averaging down, that your risk / reward ratio is something like 2:1? Maybe even 3:1? Thanks in advance!

It's easy to make the argument that all days are not created equal and that there is more opportunity some days than others. However, depending on how and what you trade, using a daily goal can be a valid workable plan. I only trade stock index futures. I don't care what the market did last...

I like to trade my IRA money and trading futures long or short is allowed in an IRA. One can achieve shorts in Inverse ETFs, as in trading TQQQ for long and SQQQ for short, but trading NQ is simpler and suits me better. So far so good.

https://chatgpt.com/ https://gemini.google.com/app https://www.perplexity.ai/ https://www.meta.ai/ https://claude.ai/

An incredible accomplishment - my hat's off to you.

The discussed scenario was without holding a position at the time of drop.

That's good news. Too much depending upon Meta AI on my part for answers. It claims even when flat, if the price of NQ goes up after i stop for the day, i will make money and if it goes down i will realize a loss when daily settlement occurs. I have been noticing some unexplained expenses most...

I'm a long time stock and ETF trader that recently changed to day trading NQ futures. Help me make sure i understand correctly, exactly how daily settlement works. Copied below is the list of largest Nasdaq 100 (NQ) futures drops in points, since 1971: Date Intraday Drop (points) March 16...