2810 going into the close was the perfect place to get short the nq today for 10 points. It was holding like it was nobodys business too but it did end up dropping. 2800/2799 looks like the new floor.
No idea what way were going tonight or tomorrow but put options are looking very cheap...
I have a feed for 1min/5/10 min bars but I'm trying to jus get some ideas of insidebars/narrow range bars solely with the EOD data right now.
I want to use the shorter time frames only for entry
Can you backtest an ORB with EOD data? From my understanding a pivotal part of the strategy is based on the first 15 minutes of momentum or lack thereof. I wana give it a shot with EOD data but i'm not sure how to approach it.
Any feedback would be appreciated!
haha, new to trading eh?
quant trading by ernie chan. check out his blog, tons of info there. in regards to a specific stats book... not sure what to recommend. what kind of system are you looking to build?
are you thinking about more advanced concepts than linear regression?
Rallying back now...
Instynct,
I also trade the NQ as my weapon of choice. Do you ever look at intermarket relations or components of it to see where thing are at (i.e. aapl, msft,intc?)
Had a stop in by sadly didn't realize the stop was for RTH. Cleared a bit but still an extremely rattling way to start the day
I cannot argee more with trade management is key. Thats something i need to work on
I was in a trade last night. My system told me to go short the indexs last night so i did. Woke up this morning, checked the P&L was in the money, great way to start the morning. Shit data comes out on bloomberg not just in the US but all over the world, even better for someone like myself who...