Day Trading Futures emini NASDAQ-100
- Thread starter malaspina
- Start date
Quote from malaspina:
This trade was made on February 10, 2010.
Today the market was wild during the morning, the emini nasdaq 100 was bouncing up and down with tremendous force, market action was coming in front of my screen showing high volume, still my system only gave me a buy long signal around 10:45am, the risk was very low and the potential reward was high so I jumped in and place my buy order for 5 contracts. Again, it never looked back, 30 minutes later I close my position after I detected capitulation volume with a nice profit of US$ 965. This was a 10 points move, W/L Ratio was 8.04.
It is important to note that the long-term view of the market is up (long term trend is up). We still need more time to see if a market correction will take place, only time will tell.
Remember, there is no way to predict the future but we sure can surf the trend in place.
Stay tune for more.
Humberto Malaspina.
This chart is from 2/9/10, not 2/10/10
Also, it says TD Ameritrade on your chart. Can you trade NQ with Ameritrade?
I see you bought one tick over the previous days high even though it had been broken 2 times earlier in the day.
I did day trade today, but from now on I will only post my swing trades in the thread "Swing Trading Futures emini s&p 500". Once I open my position I will post it there with comments. I will also make a follow up of the trade during the time it is open until I close it with a summary of the trade. I do not want you to adopt my trading style since it was designed to fit my personality profile but you could use it as a guide to design your own. Some people donât have the time to work on this but for those who can and have the time my intention is to help them. I hope I can help you too.
About moving averages, remember those are lagged indicators, I use them to give me a quick preview where the trend is heading. I only use one indicator, two at the most, I try to keep it as simple as possible.
I want to share with you this article I wrote.
"ARTICLE: THE FORCE BEHIND THE MARKETS"
It happens all time, day trading, swing trading, scalping, people looking at their screen during market hours, some do it at the close, some do it during night hours with every stock, futures contract, forex or whatever they can trade. Everybody is looking for the same thing; To make money. But many people lose money trading the markets. Why is it so difficult?. Well, I do not know the final answer, believe me, I do not know it, but the truth is only a few keep all the profits.
I wrote this article to share with the world the unique force behind the markets and that is A TREND. That is all. Look no further. Stop looking for the holy grail because there is none. Stop all the mambo jambo with the technical indicators, use as few as you can, I barely use one. Please keep your trading strategy as simple as possible, focus your attention in price action (trend spotting) and volume, done, end of the road. Look at this picture, 12 years ago when I started trading you could see me reading every book about trading, joined all the trading forums I could find, used all the technical indicators my screen could hold, spent hundreds of hours trying different and complicated trading strategies, the answer, I was just losing money until it dawn on me. After all this huge effort I made trying to understand the markets I can tell, it was worth it, I only had wished I had a mentor to spare me all the pain. The very simple truth is that the market is random with a trending component, you just need to find that trend and trade it using very simple rules of entry and exit with risk management depending on the amount of capital you have to trade. For god sake, it is that simple.
You just need to use the force of a trend in your favor to make money in the markets. Stop trying to catch top and bottoms, nobody can predict the future, just follow the trend and surf part of it. There will be always a new trend to play so stop trying to make a killing. Think in terms of cash flow and think of trading as a business; cash flow is for a business as blood for the human body.
Robert Kiyosaki says you only remember 10% or so of what you have read after one week of reading it. Well print out this article and keep it for you to remember the real force behind the markets.
Humberto Malaspina
Taken from Humberto Malaspina Swing and Day Trading Futures Newsletter.
About moving averages, remember those are lagged indicators, I use them to give me a quick preview where the trend is heading. I only use one indicator, two at the most, I try to keep it as simple as possible.
I want to share with you this article I wrote.
"ARTICLE: THE FORCE BEHIND THE MARKETS"
It happens all time, day trading, swing trading, scalping, people looking at their screen during market hours, some do it at the close, some do it during night hours with every stock, futures contract, forex or whatever they can trade. Everybody is looking for the same thing; To make money. But many people lose money trading the markets. Why is it so difficult?. Well, I do not know the final answer, believe me, I do not know it, but the truth is only a few keep all the profits.
I wrote this article to share with the world the unique force behind the markets and that is A TREND. That is all. Look no further. Stop looking for the holy grail because there is none. Stop all the mambo jambo with the technical indicators, use as few as you can, I barely use one. Please keep your trading strategy as simple as possible, focus your attention in price action (trend spotting) and volume, done, end of the road. Look at this picture, 12 years ago when I started trading you could see me reading every book about trading, joined all the trading forums I could find, used all the technical indicators my screen could hold, spent hundreds of hours trying different and complicated trading strategies, the answer, I was just losing money until it dawn on me. After all this huge effort I made trying to understand the markets I can tell, it was worth it, I only had wished I had a mentor to spare me all the pain. The very simple truth is that the market is random with a trending component, you just need to find that trend and trade it using very simple rules of entry and exit with risk management depending on the amount of capital you have to trade. For god sake, it is that simple.
You just need to use the force of a trend in your favor to make money in the markets. Stop trying to catch top and bottoms, nobody can predict the future, just follow the trend and surf part of it. There will be always a new trend to play so stop trying to make a killing. Think in terms of cash flow and think of trading as a business; cash flow is for a business as blood for the human body.
Robert Kiyosaki says you only remember 10% or so of what you have read after one week of reading it. Well print out this article and keep it for you to remember the real force behind the markets.
Humberto Malaspina
Taken from Humberto Malaspina Swing and Day Trading Futures Newsletter.
those who can always recognize the apex is the better trader...all trends start with a zero starting point that will always be in the old "trend"...but is the new trend....the trader who can accomplish that is the extremely rare one who has paid his dues over many years of study. Trend trading is simple truth known throughout the world. Problem is, which t ime frame trend do u like for trading.....1 min trend:? 5, 10 , 1 5 30 min 60 min???? one 's trend is another's counter trend??????