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ES NQ Futures Trading
- Thread starter Jahajee
- Start date
I am correct in assuming that because of the high ratio of commissions -- about five dollars in my case -- to tick size it is hard to scalp NQ for seven or eight ticks?
I am still new to trading futures and it is appealing to trade a single contract with a $5 tick. That said, if experience has shown that this makes little or no sense, I do not want to reinvent the wheel; particularly if I am reinventing as a square or rectangle. Where's the circle?
I am still new to trading futures and it is appealing to trade a single contract with a $5 tick. That said, if experience has shown that this makes little or no sense, I do not want to reinvent the wheel; particularly if I am reinventing as a square or rectangle. Where's the circle?
"Last but not the least, here is our Timer Chart. With NYSE McClellan Oscillator (MO) at +226 and NAZZ at +144, with CI Indicators lit RED, SPX at +2 sigma, NDX above +2 sigma, we are short-term overbought again. Just look at Up/Down MO for NAZZ, it is almost +210. With Volume, being a coincident indicator, we should brace for a pullback.
Now with MSFT latest report, the TechLand recovery roadmap got a lot fuzzier. And with AXP and COF results showing consumer sector finances remaining in stress, the retail spending should remain below trend.
Now I said the same thing some eight weeks ago and nothing happened. We simply traded in a range. This time, it may be different. Tomorrow could be for the history books as the spin meisters will try to put a fresh new lipstick on this pit bull."
Now with MSFT latest report, the TechLand recovery roadmap got a lot fuzzier. And with AXP and COF results showing consumer sector finances remaining in stress, the retail spending should remain below trend.
Now I said the same thing some eight weeks ago and nothing happened. We simply traded in a range. This time, it may be different. Tomorrow could be for the history books as the spin meisters will try to put a fresh new lipstick on this pit bull."