Trading the new CME E-Micro's (E micro) MES, MNQ, MYM, M2K and other micros - Emini and Emicro Index Futures Trading | futures io social day trading
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Trading the new CME E-Micro's (E micro) MES, MNQ, MYM, M2K and other micros
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Trading the new CME E-Micro's (E micro) MES, MNQ, MYM, M2K and other micros

  #421 (permalink)
Orlando FL
 
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FuturesTrader71 View Post
I believe the liquidity in MES is excellent. Just keep size below 20 and slippage is not likely to be a factor. The spread is tight and runs in line with ES. The other products are a bit thinner, but still manageable.

Thank you. So you do think there's enough activity during the night session to trade the MES or ES? For those of us who just can't trade during RTH due to having 9-5 jobs.

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  #422 (permalink)
Chicago, IL, USA
 
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futures5959 View Post
Thank you. So you do think there's enough activity during the night session to trade the MES or ES? For those of us who just can't trade during RTH due to having 9-5 jobs.

From watching it on CTBookmap and so on, I believe that it is feasible to trade it at night. I see that I have a typo in my prior response where I said keep size below 20 when I meant at or below 2 contracts at first in MES. I will go back and fix that.

Here is the rub: Most of the bigger moves in this volatility actually took place overnight. This creates significant risk in that your stops may not trigger where you expect. If you attended the webinar I did for FIO about the Micros, you might remember the details associated with this phenomenon. Again, I would keep my size low and use hard stops in there. The risk here is $1.25 per tick per contract + costs, so you can be involved without being way over-leveraged as with the e-minis.

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  #423 (permalink)
Legendary Market Wizard
Georgia, US
 
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futures5959 View Post
Thank you. So you do think there's enough activity during the night session to trade the MES or ES? For those of us who just can't trade during RTH due to having 9-5 jobs.

Another option is to consider the Mini Nikkei contract. It trades on the Osaka exchange (OSE). This is *not* the low liquidity contract that trades on CME. It routinely trades volume comparable to the ES, and is quite thick (for what that means these days anyway) with several hundred on the book at each price. It is a bit less than $5 per tick. AMP offers this through CQG and also IB offers it I believe. It opens at 8pm Eastern, and often some decent moves are seen between the open and lunch time (10:30pm Eastern).

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  #424 (permalink)
Orlando FL
 
Trading Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Emini ES
 
Posts: 9 since May 2019
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FuturesTrader71 View Post
From watching it on CTBookmap and so on, I believe that it is feasible to trade it at night. I see that I have a typo in my prior response where I said keep size below 20 when I meant at or below 2 contracts at first in MES. I will go back and fix that.

Here is the rub: Most of the bigger moves in this volatility actually took place overnight. This creates significant risk in that your stops may not trigger where you expect. If you attended the webinar I did for FIO about the Micros, you might remember the details associated with this phenomenon. Again, I would keep my size low and use hard stops in there. The risk here is $1.25 per tick per contract + costs, so you can be involved without being way over-leveraged as with the e-minis.

I understand, thanks for clarifying.

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  #425 (permalink)
Orlando FL
 
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josh View Post
Another option is to consider the Mini Nikkei contract. It trades on the Osaka exchange (OSE). This is *not* the low liquidity contract that trades on CME. It routinely trades volume comparable to the ES, and is quite thick (for what that means these days anyway) with several hundred on the book at each price. It is a bit less than $5 per tick. AMP offers this through CQG and also IB offers it I believe. It opens at 8pm Eastern, and often some decent moves are seen between the open and lunch time (10:30pm Eastern).

Yes, Iíve actually looked into this. Issue is I recently purchased a lifetime NT8 license which Iíd rather use and it seems like thereís no way to trade the Osaka Exchange Mini Nikkei 225 on the NT platform. AMP and NT no longer work together.

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  #426 (permalink)
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Georgia, US
 
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futures5959 View Post
Yes, Iíve actually looked into this. Issue is I recently purchased a lifetime NT8 license which Iíd rather use and it seems like thereís no way to trade the Osaka Exchange Mini Nikkei 225 on the NT platform. AMP and NT no longer work together.

Trading with a platform you like is an important factor. I also have a lifetime NT license that I abandoned about many years ago and would have given it away if it were compliant with the license agreement. I won't bash NT too bad here, but will just say that if your software is the limiting factor preventing you from exploring various markets, at least look at other options.

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  #427 (permalink)
Orlando FL
 
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josh View Post
Trading with a platform you like is an important factor. I also have a lifetime NT license that I abandoned about many years ago and would have given it away if it were compliant with the license agreement. I won't bash NT too bad here, but will just say that if your software is the limiting factor preventing you from exploring various markets, at least look at other options.

Maybe later down the road I will. I just purchased this license and looking to get the most out of it.

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  #428 (permalink)
Phoenix,Arizona
 
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Simple Day Trading MNQ, NQ indicators

First post in a long time and getting back into the early morning day trading the MNQ with renko , MACD, RSI and a volume chart. Want to know if there might be an indicator you might like for pivot or trend trading. Maybe a different setting for the RSI or MACD. I have been through all of the courses, but I am not a math genius or super computer maven.
Thanks for your feedback.

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  #429 (permalink)
Walla Walla
 
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Price Action

I've done the same, taken all the major courses, read the books, tried dozens of indicators. I have come to the conclusion that indicators are helpful in some instances, but for day trading, price action has been a better help. I liked the books by Anna Coulling on price action and presently I'm taking Al Brooks' video class on price action and really like it. The goal is to be able to combine the indicators with price action to be able to find the higher percentage set ups. I hope this helps.

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  #430 (permalink)
Los Angeles, CA /USA
 
Trading Experience: Master
Platform: Sierra, CQG, Gain, Transa
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futures5959 View Post
Thank you. So you do think there's enough activity during the night session to trade the MES or ES? For those of us who just can't trade during RTH due to having 9-5 jobs.


I do. Both the ES and MES have good volume during the night time but you need to be aware that volume is lighter, know when Asia opens, Europe opens etc.
There are more than a few good contracts to trade "after hours" you just need to observe behavior/volume and get a feel.
I like crude oil, gold, Aussie dollar early evenings, bonds very early mornings.

PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
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