Anek and others...what do you think on the below?...I can only trade off of minute charts...not tick charts...answer in light of minute charts...thanks...read below...
NQ emini daytrade Trendline "broke"...when enter on 5 minute chart?...what is the trigger?...I.e...how many times close on...
"how long" until ES or NQ (emini) trendline becomes"valid"??..meaning from tops or bottoms for how long?...5 minutes, 1 hour, 2hours?...please chime in with your expertise....thanks....
NQ or ES emini daytrade Trendline "broke"...when enter on 5 minute chart?...what is the trigger?...I.e...how many times close on higher lor lower bar after trendline break?
thanks Mark...exactly what I was thinking...here is my take...the SPY is WAY too important to overlook and 'blow off' when daytrading the ES...here is why...the SPY:
#1-is the #1 traded ETF in daily volume
#2-is the #1 traded stock in daily volume...so movement in the ES follows $$$ movement...
when daytrading the ES, does anyone use the SPY for key trading indication, data?...does it mean anything to you in your ES daytrading approach...OR...is observing the SPY virtually useless in daytrading the ES...I think it is significant considering the SPY is the cash market(now) and the ES is...
this is great...I love technology...I'm picturing it...wireless internet, laptop, researching trade ideas etc...a balcony over looking Pacific?, Atlantic?...are you in Hawaii?...great stuff!!!where I live as I write...it is 20 degrees and BRRRRRRRRRRRR...
Anek...I appreciate your focus with one contract, the NQ, becoming a "master of one"...what for you are the 1,2,3,4,5 etc. things about the NQ, that for you, sold you uniquely and specifically on the NQ?...great thread Anek...
no, no, no...mypivots is AWESOME!!!!..but they do not have this information for SPY, they only have it for ES...that is the difference...thanks for the info!
do you know of one?...similar to www.mypivots.com for the ES (SP500 emini) futures...not a calculator but website that already has them calculated for each trading day...thanks in advance...preferably free of charge $$$