this is why YM,ES is soaring 10:22pm thurs 11/29/07..read here...
this is why YM,ES is soaring 10:22pm thurs 11/29/07..read here..
http://biz.yahoo.com/ap/071129/bernanke.html
very simple...market will shrug off DELL on friday and soar...
DELL 'tank' creates a NQ, QQQQ, QID play tomorrow...11/30/07...with the huge NASDAQ uptrend divergence from recent lows and this DELL AH tank...the market is overbought and due for 'minor' one day correction...look for early downside tomorrow in the AM and dip buying after lunch...my...
YES...GREAT stuff...add all 4 of these together and you have the most amazing 'indicator' to trade the NQ...emini nasdaq...again, just my opionion...do not trade off of it...inow
the max average per contract of each emini you would lose on average per day...per the point value of each contract...again...just my opionion and thoughts...the ATR is average high to low trading range of each contract X's the point value gives you the above numbers...
why the NQ (emini Nasdaq 100) is the best emini to "practice" on...one of the biggest reasons is...the ATR, or average true range for all the eminis is as follows:
ES 32 points = $1,600
YM 253 points = $1,265
ER2 22 points = $2,200
NQ 54 points = $1,080
....so...the max loss, if you...