Alternatives to the ES - Emini Index Futures Trading | futures io social day trading
futures io futures trading


Alternatives to the ES
Updated: Views / Replies:2,166 / 13
Created: by pricestudent Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Alternatives to the ES

  #1 (permalink)
Elite Member
Spokane Valley, WA, USA
 
Futures Experience: Beginner
Platform: IB, Ninja Trader
Broker/Data: IB/Kinetick
Favorite Futures: ES
 
Posts: 30 since Aug 2012
Thanks: 2 given, 5 received

Alternatives to the ES

Should I be considering another instrument when action has been so choppy? I read one persons commentary that there are much better places to be trading right now besides the ES. Next, if I do stop trading the ES, what are my odds with another instrument as a new trader? Hey, I'm just paper trading right now anyway but it's not something I hear many people talk about so I wonder if most just stick out the ES for better times?

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
Portland, OR
 
Futures Experience: None
Platform: tos
Favorite Futures: NQ, SB, 6J, CL, GC
 
Massive l's Avatar
 
Posts: 1,458 since Mar 2011
Thanks: 922 given, 1,821 received


Do you know exactly what you want for a trade to trigger in ES?
If you do know what you are looking for then you can venture out and see if other instruments
accommodate your preferences for a trade.

I trade NQ, TF, YM, ES, CL, and GC during the day.

At the same time I never really thought about, "is this right, is this wrong" at the beginning of my journey.
I was taking in as much information as I could and never stopped to think if something was right or wrong.
I just followed where my mind took me. I also never read too much on what other traders were doing or
what they thought I should do. I went for it. I made a lot of mistakes and still make them every now and then.
But that's how I learned and still continue to learn.

Psychology > Strategy ≥ Money

Last edited by Massive l; August 16th, 2012 at 01:16 PM.
Reply With Quote
The following 2 users say Thank You to Massive l for this post:
 
  #4 (permalink)
Elite Member
Georgia, US
 
Futures Experience: None
Platform: Various
Favorite Futures: Various
 
josh's Avatar
 
Posts: 4,897 since Jan 2011
Thanks: 5,143 given, 11,242 received


pricestudent View Post
Should I be considering another instrument when action has been so choppy? I read one persons commentary that there are much better places to be trading right now besides the ES. Next, if I do stop trading the ES, what are my odds with another instrument as a new trader? Hey, I'm just paper trading right now anyway but it's not something I hear many people talk about so I wonder if most just stick out the ES for better times?

This period of low volume, range, and volatility will come to an end. When, I don't know. But markets have cycles. Personally, ES is all I trade. I know it well by now and would not know it so well if I had been jumping from one market to the next. But, some people do trade many markets; but this does not suite my style. So, it depends largely on the way you trade.

Reply With Quote
 
  #5 (permalink)
Elite Member
Spokane Valley, WA, USA
 
Futures Experience: Beginner
Platform: IB, Ninja Trader
Broker/Data: IB/Kinetick
Favorite Futures: ES
 
Posts: 30 since Aug 2012
Thanks: 2 given, 5 received

I guess I wondered how different other instruments are. I want to know that if I can follow a trend or spot a reversal in the ES, can I do it anywhere? I learned on the ES and that is all I know. Are they all the same?

Reply With Quote
 
  #6 (permalink)
Elite Member
Georgia, US
 
Futures Experience: None
Platform: Various
Favorite Futures: Various
 
josh's Avatar
 
Posts: 4,897 since Jan 2011
Thanks: 5,143 given, 11,242 received


pricestudent View Post
I guess I wondered how different other instruments are. I want to know that if I can follow a trend or spot a reversal in the ES, can I do it anywhere? I learned on the ES and that is all I know. Are they all the same?

Well, markets are made of people (and their machines), so in that sense they are all the same. Every market trends, consolidates, and trends again. But in reality, they are not all the same. Nuances in behavior make each market unique. Why not just look and observe and see what you see? Much in the same way, people in America are like people in China in many ways -- all are humans and have similar human characteristics. But differences in culture make the countries very different.

Reply With Quote
The following user says Thank You to josh for this post:
 
  #7 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,697 since Oct 2009
Thanks: 3,041 given, 4,496 received

Personnaly, i think it's a good idea to follow two or more markets even if you just trade one market. Over time you'll see some commonalities among them. For example, during peak hours volume tends to show simultaneously. Also, certain news may impact one market more than another. For example, last Friday there was an important news about employment in Canada. I was expecting some volatility to kick in and this is what occured. This event alone provided a very good opportunity. My broker sends me two times a day relevant cues to this effect. Here is the message i received last Thursday:

"The main event tomorrow is the Canadian employment report with a 6K increase to jobs expected. Given the flight of the loonie lately, this could have a big impact on trading in USDCAD (6C) tomorrow morning."

You don't want to get married to one instrument either except in your learning phase. Your method should not be tied to one thing but be able to exploit common phenomenons among the many symbols offered by your broker.

Other instruments you may want to explore are CL, NQ, TF, GC (Gold) and 6E (Euro). Learning to watch other symbols may also help improve your reading of the action as it occurs.


pricestudent View Post
Should I be considering another instrument when action has been so choppy? I read one persons commentary that there are much better places to be trading right now besides the ES. Next, if I do stop trading the ES, what are my odds with another instrument as a new trader? Hey, I'm just paper trading right now anyway but it's not something I hear many people talk about so I wonder if most just stick out the ES for better times?


Reply With Quote
The following user says Thank You to trendisyourfriend for this post:
 
  #8 (permalink)
Market Wizard
Bangkok
 
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
DionysusToast's Avatar
 
Posts: 2,667 since Nov 2010
Thanks: 776 given, 8,714 received
Forum Reputation: Legendary


josh View Post
This period of low volume, range, and volatility will come to an end. When, I don't know. But markets have cycles. Personally, ES is all I trade. I know it well by now and would not know it so well if I had been jumping from one market to the next. But, some people do trade many markets; but this does not suite my style. So, it depends largely on the way you trade.

+1

Best to switch off for 2 weeks.

Reply With Quote
The following user says Thank You to DionysusToast for this post:
 
  #9 (permalink)
Elite Member
Spokane Valley, WA, USA
 
Futures Experience: Beginner
Platform: IB, Ninja Trader
Broker/Data: IB/Kinetick
Favorite Futures: ES
 
Posts: 30 since Aug 2012
Thanks: 2 given, 5 received

Thank you for the many outstanding replies. Actually I got a bit from each of them. I think it will make sense to take a look at other markets. After all, it you spot a nice long term trend in a different market, why not? At the same time, I am still in my learning phase and while I do know how to spot a 2 legged pull back to the EMA, I don't know when to trade a breakout yet. There are many situations yet that I am not familiar or comfortable with. Likely I will stick it out with one instrument but browse some others as well.

Reply With Quote
 
  #10 (permalink)
Elite Member
Montery Park CA
 
Futures Experience: Beginner
Platform: TradeStation
Favorite Futures: NQ
 
Posts: 19 since Aug 2012
Thanks: 17 given, 4 received


hello, I'm trading NQ, I found NQ will move much more than ES does(more than double). However, they are always go into same direction.

I knew some of trader will trade at least 2 different instrument: stock index vs gold/oil/currency etc.

Thats ensure they will not sit whole day with nth to do~


Reply With Quote

Reply



futures io > > > > Alternatives to the ES

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
ZN vs. ES turbo516 Bonds and Interest Rates Trading 21 April 9th, 2015 01:29 AM
New to the ES... Yuppie Traders Hideout 6 October 1st, 2014 02:01 AM
ES Roll Over, I entered new ES symbol, now can't use Market Replay Rad4633 NinjaTrader 2 December 12th, 2011 06:08 PM
ES ROOM eminitrader Emini Index Futures Trading 3 July 29th, 2011 01:37 AM
Alternatives to Ninja... MXASJ NinjaTrader 3 March 1st, 2011 08:09 AM


All times are GMT -4. The time now is 05:53 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-11 in 0.11 seconds with 19 queries on phoenix via your IP 54.82.79.109