NQ (E-mini Nasdaq 100 Futures) Journal

This thread already already has a lot of great information. I will be a subscribe and follow. Right now I trade the YM but always looking to learn about other markets/vehicles to trade.
 
Quote from increasenow:

awesome...I agree with you...my first real futures trade was the NQ...traded others since but I like the index as I think it trends better than YM, ES etc. and you can scale up in contracts traded as there is great volume...also...I am interested in the index (mostly tech weighted type stocks etc.)I feel it is best to totally FOCUS on one contract and become a 'master of one rather than dabbler in many'...hey please do add any websites or articles that are in line with NQ, Nasdaq 100 trading etc...thanks!
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Good points about the "trendyness."

I like the NQ cuz it has better liquidity than the YM, but doesn't seem to have as many hedge funds/computer programs working it as does the ES.

However, while I respect your views about wanting to know about the companies that make up the index, and therefore knowing what direction the market may be taking, I prefer to remain neutral and just trade what I see.

I tend to get into trouble when I have biases like that. :D
 
Quote from jonbig04:

(Apple is the most heavily weighted in the NDX 100)..
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Yes, and following the apple chart normally gives you a good trading indicator for the ndx. However, RIMM was the leader for the /nq this week. Even before earnings.

I am switching to the /nq from the russell because

1) Very familiar with the stocks after working in industry for 15 years

2) Interesting to me

3) Russell moving to ICE (I love the /er2)

4) Lower margins allowing for easier scaling

5) Good trend
 
Quote from paden:

Yes, and following the apple chart normally gives you a good trading indicator for the ndx. However, RIMM was the leader for the /nq this week. Even before earnings.

I am switching to the /nq from the russell because

1) Very familiar with the stocks after working in industry for 15 years

2) Interesting to me

3) Russell moving to ICE (I love the /er2)

4) Lower margins allowing for easier scaling

5) Good trend
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Can you elaborate on #3?
 
Quote from Traber:

This thread already already has a lot of great information. I will be a subscribe and follow. Right now I trade the YM but always looking to learn about other markets/vehicles to trade.
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thanks Traber...any info you find relevant to the NQ...please add it here...thanks agian...
 
Quote from Haroki:

Good points about the "trendyness."

I like the NQ cuz it has better liquidity than the YM, but doesn't seem to have as many hedge funds/computer programs working it as does the ES.

However, while I respect your views about wanting to know about the companies that make up the index, and therefore knowing what direction the market may be taking, I prefer to remain neutral and just trade what I see.

I tend to get into trouble when I have biases like that. :D
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appreciate your focus!
 
Quote from paden:

Yes, and following the apple chart normally gives you a good trading indicator for the ndx. However, RIMM was the leader for the /nq this week. Even before earnings.

I am switching to the /nq from the russell because

1) Very familiar with the stocks after working in industry for 15 years

2) Interesting to me

3) Russell moving to ICE (I love the /er2)

4) Lower margins allowing for easier scaling

5) Good trend
More...
Paden...great post...exactly...I agree...I believe there are divergences to exploit for the top % weighted holdings of the NDX(NQ)...meaning AAPL, RIMM, GOOG, MSFT etc...say if AAPL is 'over' soaring and NQ is following...usually it means it is 'overbought' and look for a great NQ sell opportunity as AAPL will settle back down...thoughts?observations?
 
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