Trading the Nasdaq-100 (NQ) Futures

[glenbee]

I thought I would post the TS price distirubtion chart that I am currently using to determine upward support/resistance/price targets as the NQ proceeds to higher ground. The chart depicts the price distributions that developed between June 27th and July 16th 2001. The blue line is the 2009.75 high that was achieved last Friday, the magenta lines are what I consider to be general resistance/target levels based on the way I eyeball the charts (they are judgemental but have worked exceedingly well for me in the past) and the cyan lines are virgin P-O-Cs/targets.

When the 2110.5 level is broken I will have to refer to the price distribution charts from April 18th to May 16th, 2001 for additional support/resistance/targets. To the best of my knowledge TS does not price hisotrical NQ data prior to March, 2001. I suppose I could review pre-March, 2001 NDX.X charts to give me a general idea about what I might expect but this could get complicated. If anyone has any thoughts for a work-around it would be appreciated.

[losfer]

Hello , i was wondering if someone has the VAL, VAH, and POC for NQ (RTH)
thanks for your help

[Dogpile]

NQ has not had a lot of good set-ups lately - probably due to lack of good volume. hopefully, it picks up soon.

I like trading NQ futures in the morning session (generally counter-trend) and YM futures in the afternoon (with the trend).

here is what I have been seeing lately:

see NQ Structure and NQ Structure Part 2 Videos

http://www.youtube.com/watch?v=5OYnIZ6mUUE

http://www.youtube.com/watch?v=4h5Zj4R4bY4

[cooter]

	Quote:	losfer
	Hello , i was wondering if someone has the VAL, VAH, and POC for NQ (RTH) thanks for your help

Try this site:

http://www.mypivots.com/forum/topic....4&whichpage=11

Seems to be updated daily.

[cooter]

	Quote:	Dogpile
	NQ has not had a lot of good set-ups lately - probably due to lack of good volume. hopefully, it picks up soon.

Define "good volume" and range.

Since the NQ has over twice the volume of the YM (214,563 vs. 103,409 for Monday 9 Jul 07), and made new contract highs on holiday trading volume Friday, I'm not sure as to your criteria here.

(Nice videos, BTW - you might want to get a "Directors" account at Youtube so you won't have to chop up your thoughts to squeeze them in, since "Directors" can post longer form videos there.)

[Dogpile]

for much of the last few weeks, NQ will often set up one of my long or shorts and then just go dead off of the set-up. you don't necessarily lose money, it just corrects sideways rather than shooting the other way. if my set-ups aren't working with immediate and dramatic profits, then that is a lousy market

today did have 1 nice morning swing and then ended up a very weak 12 point narrow range day. I would like to see NQ go back to the 22-25 point range days with multiple 10+ point intraday swings. volume was up a bit today so I am anticipating some better swings tomorrow and beyond.

NQ is made up of choppy tech stocks that usually like to rinse daily swing traders out. IBD defines a 'distribution day' for nasdaq as a -0.80% day.. Tradestation shows that there have been 38 days this year where NQ has traded -0.80% vs previous days closing price (not distribution days with price closing that low, just trading down that far intraday).. this is vs ~130 trading sessions. So this kind of 'distribution day attempt' has happened on about 29% of all sessions, a significant number. We have now gone 8 sessions without a 'distribution day attempt' -- this is unusual lack of selling. maybe its a sign of extreme strength. but the odds at this point say we are overdue for at least a little 2-way action in the short-run. I don't need big down days to make good money -- just asking for a little bit of 2-way trading.

[Blu-Ray]

	Quote:	Dogpile
	NQ has not had a lot of good set-ups lately - probably due to lack of good volume. hopefully, it picks up soon. I like trading NQ futures in the morning session (generally counter-trend) and YM futures in the afternoon (with the trend). here is what I have been seeing lately: see NQ Structure and NQ Structure Part 2 Videos http://www.youtube.com/watch?v=5OYnIZ6mUUE http://www.youtube.com/watch?v=4h5Zj4R4bY4

Good videos there Dogpile, But I would recommend getting either camstudio or camtasia, as you'll get better a visual of the screen.

Cheers

Blu-Ray

[walterw]

	Quote:	Blu-Ray
	Good videos there Dogpile, But I would recommend getting either camstudio or camtasia, as you'll get better a visual of the screen. Cheers Blu-Ray

and then you can also upload them here on the video section and they will stay secure on this server....

[Dogpile]

Just a structural review of NQ for 2-Day period ended Tuesday July 10, 2007.

Note the core concepts:

trades to previous days POC
ABC pattern as a continuation pattern
using trade location (market profile POC) to aid your trading decisions


http://www.youtube.com/watch?v=n_3waY3iv-s



(I realize Camtasia is better for videos but I am not looking at doing a ton of professional videos -- just looking to get some discussion going on NQ -- my apologies if you can't see it exactly but I am just talking structure here, not presice trade set-ups -- so the indicator settings are not really what is important -- just the combination of technical pattern and a little market profile to add some trade location filtering).

[Blu-Ray]

	Quote:	Dogpile
	(I realize Camtasia is better for videos but I am not looking at doing a ton of professional videos -- just looking to get some discussion going on NQ -- my apologies if you can't see it exactly but I am just talking structure here, not presice trade set-ups -- so the indicator settings are not really what is important -- just the combination of technical pattern and a little market profile to add some trade location filtering).

No problem Dogpile,

Thanks for the videos, please keep them coming, I wasn't really interested in indicator settings or precise set-ups, it was just a thought that it would be easier using camtasia or camstudio.

Anyway thanks again

Blu-Ray