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COMPX does not show the divergence like the others. After seeing divergence, the reversal pattern has to set up. It could be a week or weeks being that these are daily charts. Or, correction through time with no large drop. Or, a large drop. That's what make trading so, fun, right ?

Tune remains the same

Same again

Same

Notice MACD and Momentum divergence

One of the most important aspects of trading is Money Management. Calculating Risk to Reward is a crucial part of this. Not having stops does not allow you to calculate risk. This almost rings the old deadly cliche "It'll come back"

It would be interesting to hear some replies from experienced currency traders who perhaps also trade NQ/ES. It would be great to glance at some currency charts during the day while trading the NQ/ES to see if there are some other $ making opportunities lurking on a flip of a chart screen...

Huh ? I thought the topic was geared towards daytrading. You daytrade Nas premarket ???

dbphoenix there is a great article in the current Stock and Commodities magazine which goes over new highs/lows and up/down volume divergence compared to price action which may be similair to what you are looking at . I searching right now to find charting that will diplay what this...

Quote from myself in another thread: "COMPX is charging up but: * SP has not broken 6/17 high * Neither has DOW * Neither has Semi's (different date, like 6/7) * Momentum and MACD are diverging from the upward charge ......... something has/is slowing down. "

Thanks candletrader. I do believe I will go to 4 contracts and then perhaps edge upwards after seeing the fills with limit vs. market and gaining another comfort level.

Thanks again for the replies. GirlPower and Momo GREAT INFO ! Thank you.

Thanks for the replies everyone. Watson.... I especially thank you for your reply about ES on this NQ thread. I figured someone would question the mere ability to trade if such a question about being able to get filled with 10 contracts on NQ was asked. So, thank you for making it so...

COMPX is charging up but: * SP has not broken 6/17 high * Neither has DOW * Neither has Semi's (different date, like 6/7) * Momentum and MACD are diverging from the upward charge ......... something has/is slowing down. Wish I could short in my IRA.

Is NQ liquid enough to scalp 10 contracts ? I say scalp because I usually take the first thrust of 2 points + or - on half my position and then let the rest run. I've been trading with 2 contracts ( just recently became profitable) and am comfortable enough with my technique now that I...

Anyone planning to move to South FL next summer ? I will be moving out of S. FL then and selling my house.

I had (still have at times) this dilema of not letting winners run. For me, it was overcome by believing in my system. After time, and seeing that my trading system works, now I can let them go with the belief system. Sounds simple but it's make it or break it.

I have lived in South FL my entire life and I truly enjoy it. It is a little 'yo' if you know what I mean, the further south you go, like Miami and part of Ft. Lauderdale. Great for single, but families will want to be further North. You can get a 3/2 in West Ft. Lauderdale for about 150k and...

Way to go Brandon !!! Hardly ever see spunk in ya ! I'm gonna tell Toni.

I swing while at work. My swinging suffers. I swung for a couple weeks while taking time off work to realize this. However, you can still make some $$$