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Who leads whom; ES or COMP?
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Who leads whom; ES or COMP?

  #1 (permalink)
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Who leads whom; ES or COMP?

Greetings,

This is a silly question, but.

Between NASDAQ Composite Index and E-mini S&P 500 Futures, who would be more leading?

In a smaller time-frame (3 to 10 minutes) who would respect, R/S, MAs, candlesticks , etc, more?

Thank you.

Joseph


Last edited by Joseph689; December 11th, 2012 at 06:43 PM.
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  #3 (permalink)
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ES


would be my opinion.

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wldman View Post
would be my opinion.

I agree.

Today I was wondering this question when I saw the ES (3min) drop like a hot potato at an 89 SMA, stop dead on its tracks at early morning support @1424, respect resistance @ 1428.25. While COMP appeared to be following with no noticeable hindrances at the same levels.

Just a novices observations.

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Joseph689 View Post
Between NASDAQ Composite Index and E-mini S&P 500 Futures, who would be more leading?

If your question had a definitive answer, risk-free arbitrage would be possible and the market would not function.

In other words, it depends. They are each a basket of stocks, and it depends on the basket and on how arbitrageurs operate at any given time.

Today NQ (not COMP as I do not watch the cash) was quite a bit stronger and was making new highs before ES did its stop run. In this case, NQ led. later in the day it made another run while ES did not budge. It "led" but the ES did not follow.

So, again, it depends.

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josh View Post
If your question had a definitive answer, risk-free arbitrage would be possible and the market would not function.

In other words, it depends. They are each a basket of stocks, and it depends on the basket and on how arbitrageurs operate at any given time.

Today NQ (not COMP as I do not watch the cash) was quite a bit stronger and was making new highs before ES did its stop run. In this case, NQ led. later in the day it made another run while ES did not budge. It "led" but the ES did not follow.

So, again, it depends.

I thought I had stumbled upon some undiscovered knowledge here!

It would be interesting to know, which of the futures has the highest probability of adhering to the typical signposts; MAs, S/R etc.

I guess it would have to depend at a higher level, on the programming of High-frequency trading boxes, and to a lesser extent, human psyche.

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Joseph689 View Post
I thought I had stumbled upon some undiscovered knowledge here!

It would be interesting to know, which of the futures has the highest probability of adhering to the typical signposts; MAs, S/R etc.

I guess it would have to depend at a higher level, on the programming of High-frequency trading boxes, and to a lesser extent, human psyche.

I bet over the long haul that just about every indicator is right 50% of the time, and wrong 50% of the time. At least, that is what I have seen testing many, many indicators.

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No point guessing, and no need to!

Profound!

Quoting 
I bet over the long haul that just about every indicator is right 50% of the time, and wrong 50% of the time. At least, that is what I have seen testing many, many indicators.



@Joseph689, here are a few charts that show which was the dog and which was the tail, at least today.

The ES is in the top panel, and the Nasdaq COMP in the lower panel of each chart.

So do look at them, assuming you are able to take your eyes off of my stunning necktie.

Unfortunately I am unable to offer the necktie for sale as that would require my status to be changed to Vendor.

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Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


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Last edited by Zondor; December 11th, 2012 at 06:09 PM.
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@Zondor

Would it be possible to do this using the cumulative delta of both instruments?

Also how did you do your magical trick to synchronize both instruments?

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  #10 (permalink)
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your questions answered here



Quoting 
Would it be possible to do this using the cumulative delta of both instruments?

No, not until someone modifies the GomRecorder to accept the instrument name as a parameter instead of it always being the chart MasterInstrument.


Quoting 
Also how did you do your magical trick to synchronize both instruments?

It's based on this idea, but I made a lot of changes to the version that is here.
https://futures.io/download/vip_elite_circle/1160-download.html?view

Now how about that snappy necktie!

By the way, shouldn't the title of this thread be whom leads who? whom leads who'm? who's on first®? I feel badly until I no that this is rite, and I will loose sleep over it.

Just one more thing. Watch the Mark Douglas videos on YouTube. Some of the best trading advice you will ever get.

"If we don't loosen up some money, this sucker is going down." -GW Bush, 2008
“Lack of proof that something is true does not prove that it is not true - when you want to believe.” -Humpty Dumpty, 2014
“The greatest shortcoming of the human race is our inability to understand the exponential function.”
Prof. Albert Bartlett

Last edited by Zondor; December 11th, 2012 at 06:47 PM.
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