Where’s The NQ Headed To Start 2024? Volume Leaves Clues…

January 6, 2024 in Watch We're Watching

The sellers had the ball to start off 2024, especially for the NQ which had its biggest decline in over 3 months.

In this brief 5-minute video, I touch on my 2 favorite *indicators* of potential price direction, Anchored VWAP combined with a range-based Volume Profile. This methodology highlights areas the market may revisit, potentially in short order, as we kick off the year.

Indicators on the chart:

Anchored VWAP
Visible Range Volume Profile (VRVP)
233 Exponential Moving Average

Where’s The NQ Headed To Start 2024? Volume Leaves Clues… by RodCasilli on TradingView.com

I Asked ChatGPT To Write A Poem About Futures Trading

December 10, 2023 in Education

Me:
Please write me a clever poem about day trading the futures markets.

ChatGPT:
In the realm where futures dance and sway,
A trader’s gaze on charts, where numbers play,
With candlesticks that flicker, red and green,
A tapestry of time and price unseen.

In morning light, the markets wake and roar,
As traders brace for what the day has in store.
With screens alight, in digital array,
Each tick, a step, in the financial ballet.

They buy on lows, in hopes of highs to come,
A symphony of strategy, thrumming like a drum.
Sell on peaks, with profits in their sight,
A dance of risk and reward, from morning until night.

The ebb and flow, a tide of gain and loss,
For every victory, there’s a bridge to cross.
In futures’ realm, where fortunes rise and fall,
The trader’s quest, to make sense of it all.

With every move, a lesson learned, a tale,
In market’s winds, they set their hopeful sail.
For in this world of speculation’s art,
The cleverest trader plays with head and heart.

So in the glow of screens, their fortunes cast,
In futures’ market, vast and deep and vast,
Each day anew, with dreams and schemes they trade,
In the endless quest of the market’s serenade.

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Commodity Futures Trading Commission. Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.