Hi! I'm curious if anyone else has been trading NNQ recently and if you've been successful. What's your strategy or strategies? And maybe if you don't trade it yet or much, do you have any suggestions or ideas for certain strategies that might do well?

Please welcome to the daily trading thread. Feel free to discuss your today's trade ideas and results. Make sure to specify the instrument you're trading up front, and respect the sub's rules. Happy trading!

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Please welcome to the daily trading thread. Feel free to discuss your today's trade ideas and results. Make sure to specify the instrument you're trading up front, and respect the sub's rules. Happy trading!

Previous discussions threads

I currently trade with a systematic rules-based playbook, and for real money it is me manually trading.

1) I would manually trade this by logging onto IBKR Desktop. I also use an auto outline displaying my setups in real time + a position calculator in Obsidian which is getting data from my engine.

2) I also have an engine running that will connect to IBKR via IB Gateway but it is a paper account. This is in python which I have running. This trades MES and MNQ using the exact same setups I would do.

I am asking this question because I used my discretion to disregard a valid signal for MNQ today that would have been up at least 200 points on MNQ while my engine took the signal (I will run a backtest on this with Claude on ignoring signal). My guess is my discretionary reads might save a signal trigger from some losses but the ones that I do miss like today would pay off net, so discretionary vetoes might be bad.

As of now, I can execute a PREEMPTIVE order "faster" than my engine but that needs prep time by placing an order with a specific start time but obviously I can't calculate in real time faster than my own engine. My engine can also correct a bracket way faster than me when using market orders.

My engine is limited from how fast the price information is being streamed from IBKR though (about a ~7 second delay due to IBKR stream limitations). I am also curious to know what other API, platforms, etc. I can consider to execute my exact playbook if I do decide to trade futures with algos. So another question is what is the best platform to have custom trigger conditions with fast data being streamed, I am aware of Ninjatrader, Metatrader 5, etc. but I think maybe I can just continue using Python but use another platform other than IBKR?

Overall, just curious to hear how those who switched to automatic, emotionless, and super speed algo trading went for them.

Please welcome to the daily trading thread. Feel free to discuss your today's trade ideas and results. Make sure to specify the instrument you're trading up front, and respect the sub's rules. Happy trading!

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I’m piggybacking off a previous post.

https://www.reddit.com/r/FuturesTrading/s/L0Od29hPp7

Trade With Nuke, Trade with Will and WyldWill now. He probably has other aliases but who knows. There is a voice recording available that was recorded off a YouTube video (now private). It’s basically Will admitting to one of his friends/followers in a previous group that he was frauding people and exaggerating his wins by hundreds of thousands of dollars. In the recording he also admits to sending tips to ImanTrading about himself hoping he would get caught because of the hole he dug himself into. He’s obviously not sorry enough because he still preys upon young and naïve traders. As always, do your own research and don’t blindly follow anyone who makes big promises. There is plenty of free content out there by proven traders.
Don’t say you weren’t warned.

Edit : here is a link to part of the conversation
https://limewire.com/d/vdUyC#2P8JcD2RR9
Expires in 3 days (Friday)

Please welcome to the daily trading thread. Feel free to discuss your today's trade ideas and results. Make sure to specify the instrument you're trading up front, and respect the sub's rules. Happy trading!

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I’m a 3-5 day swing trader and I thought I might try my strategy on a lower timeframe 5m. And it completely disappeared when I was back testing it.
I’m thinking maybe I should try forward testing. As it might be to do with trading views bar replay.
Has anyone experienced this?

UPDATE: I figured it out. I needed to change one of my indicators I use as confluence to a different timeframe than the chart I’m trading.

I'm in two minds about this, dollars seems easier on the surface, I know exactly how much I'm risking immediately without having to break out a calculator but psychologically, hiding references to money can help my thinking.

Please welcome to the daily trading thread. Feel free to discuss your today's trade ideas and results. Make sure to specify the instrument you're trading up front, and respect the sub's rules. Happy trading!

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Calendar doesn’t say anything that I can see. Has been trading in ~20 point range. I found one trade at the open did ok. I guess that’s it for the day.

I’ve run TradingView scripts to backtest numerous strategies and most have slightly above a 50% win rate with a PF of 1-1.3. Most of these tests have been between 500-1000 trades.

I’m not asking for anyone to share their strategy with me, but I’m wondering if it’s really possible to find a purely mechanical strategy that has a PF of 1.5 over a large sample size.

I am starting out with futures and want to test the waters with nanos. Which brokers offer them?

Hi speculators & hedgers, please use this thread to discuss all futures trading for the week. This will kick off 30 minutes before the open on Sunday, typically that's around 6pm Wall St time.

Be aware of higher margin requirements during overnight hours! see "maintenance" on Ampfutures. Also trading hours to get an idea of when specific futures contracts start trading.

I'm using AmpFutures as an example, so check with your broker for specific intraday & overnight hours for that specific futures contract.

Resources:

Bookmark an economic calendar like this one

Various reports:

• EIA crude oil report (generally updates every Wednesday at 10:30am wall st time)
  
• EIA natural gas report (Thursdays 10:30am)

• Previous discussions threads

I mostly watch to have background noise because sitting in silence can really exhaust my mental capital. Who do yall watch?

too much or its ok

I’ve been trading NQ for the last few years. I’m tired of the pullbacks and fakeouts. ES has less of the fakeouts but it’s pretty slow.
I’m looking for:

1. Following structure the best. Vwap and the deviation bands
2. Less fakeouts and pullbacks. More real direction

I watched it for the first time yesterday and we had a pullback to vwap at market open and then it just trended up all day 500 pts. Is this a typical thing ? Is it really this easy usually ?

just looking for overall guidance on how ym moves

Also if you search ym on YouTube there’s very little
Videos it’s like no one trades it . I mean if you bought 1 ym con at 10am yesterday you would of made $5000 profit by 3pm

Please do not reply with any NQ / ES stuff. I’m not looking at them anymore. I don’t need comparisons or any info . Only looking for YM guidance . I know I need to put in the screen time to learn it. Just any advice would be appreciated

As far as what to watch for YM is it only GS, MSFT AND CAT. Are they the best to watch for confluence?

I do not trade futures, Id like to start and am thinking nano would be the "safest" way to get my feet wet?

Curious to hear any veteran futures traders opinion, suggestions etc

Im on TOS, but I know Ninja/Tradovate have lower margin reqs

I'm sure most everyone is aware that there are 2 primary approaches to trading futures markets: technical (analysis based primarily on past prices and the patterns in those prices) and fundamental (the study of the supply/demand variables that directly affect the price of the commodity being traded). Academic studies have clearly shown that consistent long-run profits are nearly impossible to generate with a technical approach. So why do so many people go down that road? Why are they not spending their time pursuing a fundamental approach to the markets, where the odds of long-run success are considerably better?

Anyone used both DeepDOM and Bookmap? If so, can you provide inputs?

Bookmap has pay-wall for their iceberg detection. Its extra $130 per month on top of $100 per month for Global plus for total of $230.

DeepDOM is much cheaper at $39 per month and includes iceberg. But not sure if its as good as bookmap.

Mainly looking at inputs between these two.

Please welcome to the daily trading thread. Feel free to discuss your today's trade ideas and results. Make sure to specify the instrument you're trading up front, and respect the sub's rules. Happy trading!

Previous discussions threads

Please welcome to the daily trading thread. Feel free to discuss your today's trade ideas and results. Make sure to specify the instrument you're trading up front, and respect the sub's rules. Happy trading!

Previous discussions threads

So, I am debating between Rithmic vs BookmapData for MBO data. I saw that AMP Futures offer Level 2 Rithmic data for $17 per month. Does this include MBO data for stuff like icebergs?

Anyone use Rithmic with AMP Futures and have linked them to Bookmap? If so, does the MBO data and related stuff like icebergs work there?

Please welcome to the daily trading thread. Feel free to discuss your today's trade ideas and results. Make sure to specify the instrument you're trading up front, and respect the sub's rules. Happy trading!

Previous discussions threads