Trading NQ Using PA Only

EMini-Player · Jun 17, 2009

Quote from eminitrader007:

Here is another set-up.

L 52
S 50
T 61.5

NYT- 1.71
NDT 1.07

I'm NOT taking this trade....I'm in class and pretend as if I'm paying attention to the Prof.

Edit:
Trailing Stop: 51.5

LOL...you're trading from class! That's awesome

eminitrader007 · Jun 17, 2009

Quote from Fast_Trader:

LOL...you're trading from class! That's awesome

yeah... the school is set-up with free wi-fi and I've got my laptop.

eminitrader007 · Jun 17, 2009

Potential long set-up. Thinking about taking this trade. Price needs to g below 55.5 and has to be a down bar.

eminitrader007 · Jun 17, 2009

Quote from eminitrader007:

Here is another set-up.

L 52
S 50
T 61.5

NYT- 1.71
NDT 1.07

I'm NOT taking this trade....I'm in class and pretend as if I'm paying attention to the Prof.

Edit:
Trailing Stop: 51.5

Stopped Out: loss -0.5 pts.

Here is a trade that became a loss of 0.5 instead of profit of 9.5 due to a trailing stop. I am seriously considering getting rid of the trailing stop or use trailing stop only when the stop is above our entry price.

deaddog · Jun 17, 2009

Who is your broker?
The reason I ask is if it's IB you can download a program called bracket trader that will set your stops, target and move stop to breakeven when it hits a certain level. Nice easy interface.

eminitrader007 · Jun 17, 2009

Quote from deaddog:

Who is your broker?
The reason I ask is if it's IB you can download a program called bracket trader that will set your stops, target and move stop to breakeven when it hits a certain level. Nice easy interface.

it's ib...thanks. i'll look into that

eminitrader007 · Jun 18, 2009

Down 200 today.

I need to look at NYSE and Nasdq TRIN in the future.

The set-up works but need to be modified for range days and down days.....

I am going to just watch the market for few days and see if I can find ways to use the TRIN.

eminitrader007 · Jun 19, 2009

Buy-Limit 69.5
S 67.5
T 80

Trying to implement TRIN so just trading 1 contract to test.

Edit
Order is still there,
Stop at 68

Edit.

Cancel order if price makes a new high. Price approaching highs and TRIN above 1.

Edit.

order cancelled.

eminitrader007 · Jun 19, 2009

L 73.5
S 72.5
T 84

Edit.

Stopped. -20

deaddog · Jun 19, 2009

Quote from eminitrader007:

Trying to implement TRIN so just trading 1 contract to test.

Why the fixation on the TRIN?

The heading is Trading NQ using PA only.
The NQ follows the Nasdaq 100.
The TRIN follows all stocks on the Nasdaq.