Trading the Nasdaq mini NQ

wrbtrader said:
Actually, I'm an advocate of "manual backtesting" because it allows the trader to see the chart and notice differences that an computer will not notice to be impacting the results.

Yeah, its a pain in the butt, time consuming but worthwhile when done correctly.

Hope it works well for you because rushing back into the markets rarely has good results involving the Emini Futures.
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I agree on the back testing. I need to see the charts.
Are you in Russian today so I promise you that. I was in simulation mode since last October. Fortunately my work situation have the screen on front of me during a regular session. So I was calling trades as they occur not looking backwards after days end.
 
Why can't EVERY DAY be like today! I think you would have to be on drugs to not make money on a day like today! ES, NQ...hell I am sure any stock based asset would have worked... Range was Huge 130 pts on NQ and 38 points on ES, those are the largest hi to low moves we have seen in a very long time, for ES back in Nov 2016 although there was a 200 pt range on NQ on June 9th... nothing else close until you go back to Jan 2015....and Futures volume was massive... merry Xmas in the middle of summer!

happy day... see ya
 
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Jdesey said:
ok I find this very interesting.... I have broken down the ES vs NQ.... the results are pretty revealing. I chose to express it is $ instead of percentages cause it seems to make more sense. keeping in mind that 1 pt =$50 ES 1pt=$20 NQ
these are daily averages

For the ES
Range 10 years 14.55pts $727
Range 12 mo 14.62pts $730
last 30 days 12.35pts $617
2017 range 12.93pts $646

For the NQ
Range 10 yr 42.12pts $ 842
12 month range 42pts $ 843
last 30 days 50.10pts $ 1,001
2017 range 40.19pts $ 803

WOW! across the board NQ has more daily range by a long shot. Therefore it should be possibly easier to trade. The difference on last 30 days is HUGE, yes it is only 30 days.
looking at the 10 yr number $727 ES vs $842 NQ...that is huge as well.

hmm.... thoughts?
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%%
Sounds right; tek stocks tend to trend better than S&P 500.Any disadvantages?? Sure but since 100% of foreclosures are caused by leverage, i dont worry about a paid off mortgage.
 
well I guess this long weekend started around 10AM CST... volume is like overnight volume, guess that is expected especially after yesterday and the holiday..
see ya
 
Alrighty... enough Sim trading NQ, I have back tested and live Sim NQ against my ES results, it is clear that for my strategy NQ is better....
so ,,, tomorrow is day #1 live trading NQ with real money...

I will report in... as long as I stick to my rules it will workout fine...
 
well, volume has been horrible... but it is on ES as well... I figure if you can trade profitable in this environment than you can succeed when volume and volatility is better.

Biggest #1 skill I have acquired in this environment..... DO NOTHING, DO NOT HIT GO! cause there are so many "almost" there signals
 
Xela said:
Same here, needless to say ... and good luck for tomorrow and the summer!
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Hey Xela, how wide is your stop on NQ? I want to use 5 points, but I think that may be too tight... maybe 7 is better...

thoughts?
 
Jdesey said:
Hey Xela, how wide is your stop on NQ?
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I position my initial stop-loss a tick beyond the most recently-formed swing-high/low (and if that's too far from my entry-point, then I don't take the trade).

I find this much better and more realistic than having a set distance.


Jdesey said:
I want to use 5 points, but I think that may be too tight... maybe 7 is better...

thoughts?
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I'm guessing that you mean "ticks", not "points"? 5 points is 20 ticks ... for me, 5 ticks would be too tight. All these things depend on the volatility and time-frame, of course.
 
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