Day trading derivatives futures.

sigh ....

cannot trade NQ .
data feed to ladder good but super rapid.
data feed to charting software disastrous !
missed the 935p down signal.
missed the 945p reveral up signal.
you can earn thousands of dollars from these 2 signals.

during super bear, situation will be much much worse!
computer might FREEZE for MINUTES !!!!!

that's problem when trading at home.
those traders in trading house should be very happy.

alternatively trade the slow moving ES and YM.

hmmm. for today market, must increase your stop loss by at least 3 times !
luckily I managed to short Natural Gas
 
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cont ...
more signals ....

copper up again 947p
es ym rty up 949p (seems like they are laggards)
nq reverse down 1011p
NQ reverse up 1030p
NQ reverse down 1058p

This data lagging problem is a very serious problem during super bear.
You either earn thousands of dollars in one hour, or lost $$$.
This is something I fear most. during super bear,
billions of traders around the whole world would be trading,
resulting in super huge volume, super high traffic and your charting software would simply freeze.

already reconfigured my charts so that I have better overall view.
 
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12 Oct NQ signals


This is what day traders do; analyse past few hours chart, then get ready for another day.


These are all the NQ signals


down 927a
up 1013a

up 201p
down 345p
down 501p

up 815p
down 935p
up 945p
down 1011p
up 1030p
down 1058p
up 1143p
down 210a (but this signal is not that obvious because market is choopy).


There are many more signals which I didn't include esp those towards end US session.


Some of the signals are from the text book.
there are some signals which are impossible to catch unless you trade in trading house with high speed internet and powerful computer.

if you try to figure out where are the support and resistance lines and draw fibonacci lines here and there, you will probably get headache.
because when emotions are soo high and intense, there is no such thing as support and resistance and levels.

heavy scalpers can probably generate hundreds of signals.

day range shrinking from 410 pts to 230 pts
 
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Day 3 of market 'crash' - Asian session


day range shrinked drastically, making trading impossible.
perhaps big boys went for extended tea break.
or they went to the bank to withdraw $$$ from their trading accounts.
whatever it is, day range will shrink

let's see what happen during mid session.


NQ up @645a ( signal come just after opening).
shorted gold @916a.
 
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cont ...

NQ up 645a (opening trade)
NQ up again 808a
gold down 916s (scratch trade)
RB gasoline up 817a ( this signal totally not obvious. strange .... who longed it?
price keep on going up with zero retracement ! also RB seldom move during Asian time)
Taiwan Index up 909a <<<< mega star performer !
Hangseng up 1134a
Taiwan index up again 1134a
IN nifty up 1145a
copper up 1151a
NQ up again 1247a
Hangseng up again 103p
 
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Day 3 of market 'crash' - Eur session

NQ - during asian session, it was up.
will it continue to go up? reverse down? or sleep? No idea.
Now it is around temporary resistance line 7140.

gold - yesterday long blue candle.
crude oil, dax - laggard?
 
NQ Market crash review

day 1 US session
Tsunami down wave #1 starts 717p
Tsimami down wave #2 starts 213a

day 2 ( five swings )
swing up starts 138p
swing up starts 731p
swing down starts 1009p
swing up starts 1143p
swing down starts 209p

day 3 ( 3 swings )
swing up starts 604a
swing down starts 1158p
swing up starts 303a

day 4 ( 0 to 2 swings ?)
swing up ?
swing down ?


day range
day 1 - 410 points
day 2 - 230 points
day 3 - 165 points
day 4 - 99 points ?
 
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Last week NQ personality.
It changes very drastically over time.

Sometimes, we have to use 100V chart to detect signal.
At times, > 1600V chart must be used.

Sometimes, we can set stop loss at 5 points.
At times, 10 points might not be sufficient.

Sometimes, we have to use limit order for entry.
Sometimes, we have to use stop order for entry.
Sometimes, we have to chase after the market immediately at whatever price.

Sometimes, we better take reversal signal.
Sometimes, we better don't take reversal signal.

Mind agility soo important. because market behaviour can change.
At times, not easy to detect its change of mood.

Most trading coaches and trading materials wouldn't talk about all these.

Well. just have to be alert to market mood changes.
Market has feelings, and trading is an art not science.


One of my coaches ( a successful trader ) sold option heavily when Nikkei crashed years ago due to Tsunami wave ( real wave ! ) and earnt tons of money.
He understood market behaviour / mood / personality.
He earnt money mainly from major events / news.
 
15 oct week opening session

shorted NQ @ 604a
didn't manage to catch crude oil up signal @ 603a
gbp gapped down.
Natural gas gapped up.

OK. back to sleep again.
Later let's see what the Japanese are going to do.
 
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15 oct Eur session

summary of signals so far ...

crude oil up 603a
NQ down 604a
gold up 800a ( last wk long blue candle )
NK down 807a
crude oil reverse down 810a (perhaps index down?)
NQ down again 827a
simsci, taiwan index down 848a
Hangseng down 932a
simsci reverse up 946a
Hangseng reverse up 950a ( subsequently movement very erratic)

IN Nifty down 1203p
NQ down again 132p
gold up again 200p
IN Nifty up 228p
Italy btp up 315p
NQ down again 340p
IN Nifty up again 344p

17 good signals already.
How nice if I could catch > 1/2 of these.

NQ - Inside day, but still very tradable and trendy.
For today, cannot target RR ratio > 5:1
 
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