Trading the NQ using simple S/R and minimum of indicators

Hey everyone,i have been trading for some time now and i would like to share my newest method that i feel is working very well for me.

Before this i was using alot of ema's and to many indicators, and i found out that the more indicators i was removing the better i was doing, funny isnt it hehe

So after going true i soon found out that the use of indicators will never get me anywhere,i was making money with it but not as much as i would like to.
So i decided to put most of it into the trashcan and start over, and i ended up with something simple and "easy" to use. And that i belive most people can use after some practice.

Before i say anything more here is the setup:

3min chart with Wooodies EMA(Standart setttings)+Slow stochastic (10.3.2)
10min chart with Woodies EMA(Standart settings)+Slow stochastic (10.3.2)
30min chart with Woodies EMA(Standart settings)+Slow stochastic (10.3.2)

That is all you need, those who are wondering that the wooodie ema does, then here is the simple explenation:

It gives you the direction of the market on that timeframe it is used one, and i use it actively to find when i can change my bias from long to short, as i always want to trade on the same direction of where price is pushing. ANd i use the stochastics to find where price is likely to move to.

For those who dont have the Woodies EMA,they a can use a 5ema and a 15ema on the charts instead of the Woodies EMA, there is more explanation in the video.

The rules for the method and how to trade is in the video , and as i sayed, im sure there is something i have forgotten to metion, so i will add more and more as i add more videos.


I have a link here to a video where i talk about the method and how i trade it ,its the first video of many that i will upload, i will upload a video eachday from the current day's trading and explain where the trades where taken and why i took them, as little word of wisdom now and then. This first video is very simple, i am sure there is a fe things i have forgotten to mention, but i will try to go true everything as i post a video each day.

Use windows media player to play this video.

Link:
MyOtherDrive.com | Bashir N | Tirsdag 07.04

Enjoy and any feedback is welcome.

With kind regards
Bashir Naimy

Here is the link to the room where i am live and trading everyday using this method.

I will be live and talk about where i am looking to go long and where to go short and where we try to make sense of the market. I am only trading the NQ market.

Room is open from 09:00 to 15:30 usa(New York time), everydat from monday to friday.
And closed when market is close.

Room is open to those who want to learn this method and or maybe follow the trade we take.And whenever i have the time i also help if that is needed, or if anyone have any questions. And chitchat for those who get tired of talking to them self.

I recommend everyont to download the palktalk software and use that to access the room, the webversion is pretty ****.

Link:
Browse or search for free chat rooms - Paltalk

with kind regards
Bashir Naimy

OK! You still have three indicators + S/R. Before it was 4 indicators + S/R.

cryoplasm said:

OK! You still have three indicators + S/R. Before it was 4 indicators + S/R.

Click to expand...

Dear Cryoplasm, by your post you seem to have something on your mind.
Feel free to let use know what it might be, ive been around long enough to read in betwen the lines buddy.

These idicators are more passive and not used activly to enter trades are entered based on S/R and not on the indicators. Previously i was entering based on ema's.Now i am entering based on S/R. The Woodies EMA i used for direction and trend and stochastic for momentum.

Regards
Bashir Naimy

bnaimy said:

Dear Cryoplasm, by your post you seem to have something on your mind.
Feel free to let use know what it might be, ive been around long enough to read in betwen the lines buddy.

These idicators are more passive and not used activly to enter trades are entered based on S/R and not on the indicators. Previously i was entering based on ema's.Now i am entering based on S/R. The Woodies EMA i used for direction and trend and stochastic for momentum.

Regards
Bashir Naimy

Click to expand...

Yes indeed you are too polite Bashir.

I was reaffirming that you've got one less indicator than before.

Now, I do advocate using as few indicators as possible. It's all about seeing short-term patterns in what is a chaotic system (ie, long). Anything more, and it becomes a case of over-analysing markets/trends. So called chaos sets in, the predictor is unstable long term.

A good analogy to this is weather prediction. The weatherman can predict the weather over the momentary short term but not much more than that. They have a standard set of indicators at work there which they repeatedly iterate on their present time data.

bnaimy said:

Dear Cryoplasm, by your post you seem to have something on your mind.
Feel free to let use know what it might be, ive been around long enough to read in betwen the lines buddy.

These idicators are more passive and not used activly to enter trades are entered based on S/R and not on the indicators. Previously i was entering based on ema's.Now i am entering based on S/R. The Woodies EMA i used for direction and trend and stochastic for momentum.

Regards
Bashir Naimy

Click to expand...

Hey bashir,

How was today ?? I am excited about this new method. Sorry was away on the stock ting. be back tomorrow. I got the emial - I am with you on that. sorry
let me know !

thanks
Guru

jokepie said:

Hey bashir,

How was today ?? I am excited about this new method. Sorry was away on the stock ting. be back tomorrow. I got the emial - I am with you on that. sorry
let me know !

thanks
Guru

Click to expand...

Hey buddy, how was stocks today, i hope you had a great day.
Well there is no problem singh, its only that we all need to be dedicated to one market.

If there are to many things going on at the same time then it will only make use loose concentration.But i am looking forward to talking to you tomorow,maybe you can share your experience with trading stocks.

You have a great day buddy

Regards
Bashir N

Here is the video for today, it was a tottal a 3 trades to be had today.

Here is the link :
MyOtherDrive.com | Bashir N | capture-1.avi

Fixed the link, there old link was not right


Any comments are welcome

WIth kind regards
Bashir Naimy

bnaimy said:

Here is the video for today, it was a tottal a 3 trades to be had today.

Here is the link :
MyOtherDrive.com | Bashir N | Onsdag 08.04


Any comments are welcome

WIth kind regards
Bashir Naimy

Click to expand...

I've downloaded the file from the last link and it looks as it's an explanation of the method instead of yesterdays trades. Am i mistaken?

mr.lightman said:

I've downloaded the file from the last link and it looks as it's an explanation of the method instead of yesterdays trades. Am i mistaken?

Click to expand...

You are right m8, i uploaded the wrong video, ill upload the correct one shortly.


Bashir N

mr.lightman said:

I've downloaded the file from the last link and it looks as it's an explanation of the method instead of yesterdays trades. Am i mistaken?

Click to expand...

It have been fixed now, i am now also uploading todays trading video.


Regards
Bashir Naimy

Here is yesterdays trading video:

Had a tottal of 3 trades all day and 3 out of 3 where winners:
Tottal of 60 ticks - commission = 54ticks.

Link:
MyOtherDrive.com | Bashir N | Onsdag 08.04

If there is anything anyone is wondering about or something i should add to the videos then let me know and i will do so.


With kind regards
Bashir Naimy

want to trade dax and ftse ....need help

hi basir,
i read your article and very veryyyyyyyyyyyyy impressed but i would like to trade dax or ftse in the begining b/c of my full time job .....i would like to know what exactly data service to choose ?please your help is appreciated and thanksfull
thaknks
yogi

pda said:

hi basir,
i read your article and very veryyyyyyyyyyyyy impressed but i would like to trade dax or ftse in the begining b/c of my full time job .....i would like to know what exactly data service to choose ?please your help is appreciated and thanksfull
thaknks
yogi

Click to expand...

Hi Yogi, the charting software i use is sierrachart and its cheap,reliable and have many futures that i dident find anywhere. The datafeed i get from for free from my broker Infinity. And they use the clearing house Transact, the trading platform that i trade from is called Transact AT, its very reliable and fast in my opinion.

If you do enough trades pr month then Infinity can give you some pretty good rates, i will not disclose my rate, but its good

If you want to learn more and see how we trade this way then drop by the chatroom, as its open to everyone.

Link:Browse or search for free chat rooms - Paltalk

With kind regards
Bashir Naimy

mr.lightman said:

I've downloaded the file from the last link and it looks as it's an explanation of the method instead of yesterdays trades. Am i mistaken?

Click to expand...

Hey buddy, all the videos should be correct now.


If you have any wished or something you want me to add, then let me know and i will see what i can do.

Regards
Bashir Naimy

Here is the video from today, its been a very short day with only 2 trades before i took a early day of good reason, as the market is moving on very low volume and its just not worth wasting more hours infront of it.

Tottal of 2 trades, 2 of 2 winners and a tottal of 40 ticks, minus commisons 34 ticks.

Trading as always 2 contracts.

Link:
MyOtherDrive.com | Bashir N | Torsdag 09.04


With kind regards
Bashir Naimy

bnaimy said:

Hi Yogi, the charting software i use is sierrachart and its cheap,reliable and have many futures that i dident find anywhere. The datafeed i get from for free from my broker Infinity. And they use the clearing house Transact, the trading platform that i trade from is called Transact AT, its very reliable and fast in my opinion.

If you do enough trades pr month then Infinity can give you some pretty good rates, i will not disclose my rate, but its good

If you want to learn more and see how we trade this way then drop by the chatroom, as its open to everyone.

Link:Browse or search for free chat rooms - Paltalk

With kind regards
Bashir Naimy

Click to expand...

Hi Bashir,

By Infinity, do you mean Infinity Futures?

Infinity Futures

So the feed is free but you mean you get good rates on comms.

Vit was interested in using Futures Betting and so am I. FB is a DMA broker and feeder dressed in an all-in-one Spread Betting firm. Their comm. rates are fixed, ie. they offset the spreads with their own rates. Their comm. rates are in this PDF card http://www.futuresbetting.com/pdfs/futuresspreadcard.pdf. Their business model is such that after the trader has 200 transactions in a month, the comm. spread becomes even supposedly tighter.

The whole idea of doing this is to get the comm. down. Vit was complaining in the other thread, that the broker you use charge too much.

What do you think compared to your comm. rates?

One could then in principal apply your methodologies in a SB scenario.

cryoplasm said:

Hi Bashir,

By Infinity, do you mean Infinity Futures?

Infinity Futures

So the feed is free but you mean you get good rates on comms.

Vit was interested in using Futures Betting and so am I. FB is a DMA broker and feeder dressed in an all-in-one Spread Betting firm. Their comm. rates are fixed, ie. they offset the spreads with their own rates. Their comm. rates are in this PDF card http://www.futuresbetting.com/pdfs/futuresspreadcard.pdf. Their business model is such that after the trader has 200 transactions in a month, the comm. spread becomes even supposedly tighter.

The whole idea of doing this is to get the comm. down. Vit was complaining in the other thread, that the broker you use charge too much.

What do you think compared to your comm. rates?

One could then in principal apply your methodologies in a SB scenario.

Click to expand...

That is correct, the broker is infinity Futures.

I looked at the pdf and there is not that big difference compared to my rates.

On the NQ they have a 0.5 point spread, so you pay 0.5 when you buy and 0.5 when you cover. So your cost is a tottal of 5 usd pr roundtrip, this is not excatly any good. As most brokers have this rates as a start rate for any new futures traders.

But if you trade 201 contracts or more then you get a better deal though, you then pay 0.33 to sell and 0.33 to cover. So you then pay only 3.33 pr roundtrip. That is a pretty good deal.

I am currently getting a rate that is very close to what you get when you are trading 201+ conctracts or more.

I dont have any experience with spreadbetting companyes, and dont really have an opinion on them.But it seems to me that if you are trading less then 200 contracts pr month, then you are getting a bad deal. If you trade more then 201+ then you are gettin a really sweet deal. So you need to look at your situation and go with that makes sense. To me 3.3 makes sense, if you trade 201+ contracts.


I am myself hoping to get even better rates when i increase my contract size, and i am also in the prossess of getting a IDEM lease from the CME. That will lower my rates very much. And then i will pay around 2.3 pr roundtrip


I hope this helps

With kind regards
Bashir Naimy

Yes, I'm not particularly keen on SB myself. And especially after hearing stories of tampering which goes on.

The only advantage with SB is you have everything in one place: Brokerage, Platform, Functionality..

Too much to remember otherwise

Hi people,

If you would like to watch the video's from Bashir, you need to download a codec which you can download from Download Video Codecs it makes sure that you can play the video files with Windows Media Player. If you don't install it you will only hear Bashir speak without seeing anything.