Mini Nasdaq Futures

Risk & Trade Management in Volatile Markets, NQ Chart review & Support and Resistance Levels 12.01.2021

November 30th, 2021 Filed under Future Trading News, Index Futures, Indices | Comment (0)

Dear Futures Trader,

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On Friday, Omicron, the new COVID-19 variant took the oxygen out of newsrooms. Detected first in South Africa, this mutation is being described as potentially more contagious than the Delta variant. It is unknown whether the currently available vaccines will provide protection from it.

On Monday the markets shrugged the news and bounced hard….

Today, Tuesday fear, greed and everything in between took over again and we witnessed strong sell off across different markets with high volatility in many segments:

Stock indices, rates, grains, softs, energies…..

See 30 minute chart of the Mini NASDAQ from today below. In less than one hour, the difference from high to low was approximately $7750!! That is extreme leverage and can be a double edge sword…..This is when possibly trading smaller size, like 1-2 MICRO NQ may be a better fit for smaller accounts.

Risk management and trade management become more important than buy/sell signals.

Learn to reduce trading size. Perhaps trade smaller contracts like the micros.
Adjust stops and entries based on volatility ( ATR/ Parabolics).
Be extra picky on entries without chasing trades.
Understand that loses are part of trading and this is definitely not a good time to “fight the markets”.
Focus more on risk management and ways to protect certain positions as needed. Survive to trade another day.
Consider possibly utilizing short term options rather than futures.

Useful link, just in case – -Example, cotton was down limit today, only sellers, no buyers….:

https://www.cmegroup.com/trading/price-limits.html

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

Futures Trading Levels

12-01-2021

Economic Reports, source:

https://bettertrader.co/

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Using Time and Price Tools To Pinpoint A Sell on Mini NASDAQ Futures 3.11.2015

March 10th, 2015 Filed under Commodity Trading, Day Trading, Future Trading News, Futures Trading | Comment (0)

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5. Futures Economic Reports for Wednesday March 11, 2015

Hello Traders,

For 2015 I would like to wish all of you discipline and patience in your trading!

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Hello Traders,

I wrote this piece about possible timing for a sell on mini NASDAQ 100 futures last week on equities.com.

I should have shared it earlier than today but it will still give you a look at possible support and future direction on stock index futures. It was actually FUN to see that my initial target of 4329 I wrote about 5 days ago was met almost to the exact today ( mini nasdaq low was 4328.50)

Using Time and Price Tools To Pinpoint A Sell on Mini NASDAQ Futures

As we near the end of the earning season and the NASDAQ composite is hitting that psychological mark of 5000, I thought it would be interesting to look at mini NASDAQ futures.

There is a difference between the NASDAQ composite we follow on the news and the NASDAQ 100 futures. The NASDAQ 100 futures follow the cash index of 100 NASDAQ stocks. The popular NASDAQ cash index we see often on the news is made up of more than 3000 components. Nonetheless, there is a very high correlation.

Rather than talk about fundamentals (Does it matter? it seems that we are still riding the fumes of QE’s….) I decided to take a look at the relationship between time and price to see at what level and at what price it may be worth to take a stab at a short position on mini NASDAQ 100 futures.

I measured the distance between the lows made on Oct. 20, 2014 and the high made on Nov. 28, 2014, then I applied that distance on what I consider to be a support level on the chart at 4081.50, that projected a resistance at 4481 (yesterday’s high was 4183.50).

Read the rest of this entry »

Futures Trading Levels and Economic Reports for October 24, 2013

October 23rd, 2013 Filed under Future Trading News | Comments Off on Futures Trading Levels and Economic Reports for October 24, 2013

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For 2013 I would like to wish all of you discipline and patience in your trading!

So yesterday I mentioned a potential short on the mini NASDAQ which produced a few points today and I was asked why did I think we may see a correction today? The answer is based on mostly technical indicators and conditions I use and tested.The one that provided me with the trigger for a short yesterday after the close is based on the Bollinger bands study.I found out that stock index futures have “respect” for the bands…. and when we have a close outside the upper band, followed by a close below the higher band and also a low that is lower than the previous low, there is a good statistical chance for a correction towards the middle band. I marked that condition with a RED TRIANGLE on the chart.

Obviously this condition is just that, a condition, something to give me personally a trade direction and a level of confidence to act upon it. Some times it works, others it does not and this is where the more important part of trading comes to play and that is trade management.

Below is the updated mini NASDAQ chart with the bands, possible stops/ target for review:

As you can see the first target for this pull back was met at 3323, the second target if this works out will be 3307. The hard part at this point is where to bring the stop to?
keep it at 3381 right above the recent high or bring it closer to entry level around 3356?
The next few days will provide the answer as to which choice was better (-: