Hello
Starting a thread for trading NQ/6b (Nasdaq and British Pound) Futures. Feel free to post and hang out here if you're trading similar methods.
I'll get into strategy as the thread develops but my technique is basically three stages
1) Stage 1 - Direction / Trend analysis. Try to figure out the daily direction by analyzing market structure using price action and resting liquidity
2) Stage 2 - Intraday Key levels. When the direction is figured out, analyzing volume profile and market profile to figure out reversal points or continuation/pullback levels
3) Stage 3- Footprint analysis. Once stage one and two are done I get more granular looking for confirmations on the footprint using the usual orderflow techniques. We use bookmap for this too so we can view the DOM in more detail and look for stop runs and icebergs.
Today i'm looking for buys on NQ. WE MAY not make this lower area. hopefully it does and allows me to buy at a discount. target is overnight highs.
Wont be surprised if it just rallies all morning but i'd rather buy the untested POCs.
Thread might die a bit over xmas/new year period.
from memory markets wont do much on the week after xmas and, the first week of January is hellish.
second week of Jan likely to be first full week.
Starting a thread for trading NQ/6b (Nasdaq and British Pound) Futures. Feel free to post and hang out here if you're trading similar methods.
I'll get into strategy as the thread develops but my technique is basically three stages
1) Stage 1 - Direction / Trend analysis. Try to figure out the daily direction by analyzing market structure using price action and resting liquidity
2) Stage 2 - Intraday Key levels. When the direction is figured out, analyzing volume profile and market profile to figure out reversal points or continuation/pullback levels
3) Stage 3- Footprint analysis. Once stage one and two are done I get more granular looking for confirmations on the footprint using the usual orderflow techniques. We use bookmap for this too so we can view the DOM in more detail and look for stop runs and icebergs.
Today i'm looking for buys on NQ. WE MAY not make this lower area. hopefully it does and allows me to buy at a discount. target is overnight highs.
Wont be surprised if it just rallies all morning but i'd rather buy the untested POCs.
Thread might die a bit over xmas/new year period.
from memory markets wont do much on the week after xmas and, the first week of January is hellish.
second week of Jan likely to be first full week.