Anyone trade ES/NQ only? - Emini Index Futures Trading | futures io social day trading
futures io futures trading


Anyone trade ES/NQ only?
Updated: Views / Replies:3,789 / 8
Created: by EMiniTrading 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
 

Anyone trade ES/NQ only?

  #1 (permalink)
Trading Apprentice
Chicago, IL
 
Futures Experience: Intermediate
Platform: Lightspeed
Favorite Futures: ES
 
Posts: 16 since Jun 2014
Thanks: 1 given, 0 received

Anyone trade ES/NQ only?

How is your success this far? How long have you been trading them? Indicators? Price action? Why did you choose Eminis over anything else?

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)
Trading Apprentice
United States Chicago, IL
 
Futures Experience: Beginner
Platform: Thinkorswim
Favorite Futures: ES, VIX
 
Posts: 4 since Jun 2014
Thanks: 0 given, 2 received

Yes, but...


I'm sure there are traders out there who trade only a single product, and the vast majority of those traders are using the /ES because its incredibly liquid, captures a broad perspective of the markets, and did I mention liquidity? Most traders are going to have 1-3 contracts that make up the vast majority of trades they make, but stray into other contracts when either obvious setups come into play or their bread and butter isn't moving in a way that they can trade with confidence. There's no reason at all why you can't trade ES and NQ exclusively, and many reasons *to* do that. If you can find a winning strategy, you can scale it up to almost any level (talking retail levels) and have no problem getting filled on the spot. That said, you might want to consider the fact that the ES spread is 2.5x that of the NQ, meaning you're down more the moment you place your order. That's the main reason I've been favoring the NQ over ES, because if I want to scalp or trade overnight and decide to get out of the position quickly, you're on the hook for more with the ES. Other than that, there's no reason you can't stick to a single contract, but many would suggest dipping your toes in other waters from time to time to stay well rounded and aware of what other markets are doing.

Reply With Quote
The following user says Thank You to reliefpitcher470 for this post:
 
  #4 (permalink)
Elite Member
Sarasota FL
 
Futures Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Favorite Futures: ES
 
Posts: 3,605 since Jan 2013
Thanks: 26,551 given, 11,008 received


reliefpitcher470 View Post
I'm sure there are traders out there who trade only a single product, and the vast majority of those traders are using the /ES because its incredibly liquid, captures a broad perspective of the markets, and did I mention liquidity? Most traders are going to have 1-3 contracts that make up the vast majority of trades they make, but stray into other contracts when either obvious setups come into play or their bread and butter isn't moving in a way that they can trade with confidence. There's no reason at all why you can't trade ES and NQ exclusively, and many reasons *to* do that. If you can find a winning strategy, you can scale it up to almost any level (talking retail levels) and have no problem getting filled on the spot. That said, you might want to consider the fact that the ES spread is 2.5x that of the NQ, meaning you're down more the moment you place your order. That's the main reason I've been favoring the NQ over ES, because if I want to scalp or trade overnight and decide to get out of the position quickly, you're on the hook for more with the ES. Other than that, there's no reason you can't stick to a single contract, but many would suggest dipping your toes in other waters from time to time to stay well rounded and aware of what other markets are doing.

Good points.

I would say that the dollar value of the ES tick ($12.50) can be a factor, due to the size of the spread and slippage, compared to NQ (tick value = $5.00) and YM (also $5.00).

The main thing may be to be familiar with how the contracts act and move. NQ will move more strongly than ES, which spends a little more time in ranges and is thought to be very slow by some....

The best idea might be to watch them, and YM, and see if they appeal to you, in terms of volatility, typical ranges and types of action, etc. Also, compare with other contracts to get an idea of what is out there.

Bob.


Last edited by bobwest; July 27th, 2014 at 01:00 PM.
Reply With Quote
The following user says Thank You to bobwest for this post:
 
  #5 (permalink)
Elite Member
Christchurch, New Zealand
 
Futures Experience: Beginner
Platform: SC
Broker/Data: IB, BC, Dx Feed
Favorite Futures: US Equities
 
Neo1's Avatar
 
Posts: 415 since Jul 2014
Thanks: 467 given, 461 received


bobwest View Post
Good points.

I would say that the dollar value of the ES tick ($12.50) can be a factor, due to the size of the spread and slippage, compared to NQ (tick value = $5.00) and YM (also $5.00).

The main thing may be to be familiar with how the contracts act and move. NQ will move more strongly than ES, which spends a little more time in ranges and is thought to be very slow by some....

The best idea might be to watch them, and YM, and see if they appeal to you, in terms of volatility, typical ranges and types of action, etc. Also, compare with other contracts to get an idea of what is out there.

Bob.

I'd always considered the ES to be the hardest market you could possibly trade, and don't understand why so many retail traders( especially those starting out) are involved in it? Many will disagree, but I almost consider it a scam when "guru's" are trying to promote the ES to new traders. Everyone is also quick to mention the liquidity, but if you're a retail trader then liquidity is hardly issue( especially if your just starting out). All the liquidity in the ES does for you is create move efficiency, which makes it harder to get an edge. I'd be surprised if there were many retail traders who have exclusively traded the ES/NQ on a long term basis and come out on top, you're basically coin flipping with perhaps a small edge if you're exceptionally good- so you need a big account to begin with...

Reply With Quote
The following 3 users say Thank You to Neo1 for this post:
 
  #6 (permalink)
Elite Member
Sarasota FL
 
Futures Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Favorite Futures: ES
 
Posts: 3,605 since Jan 2013
Thanks: 26,551 given, 11,008 received


Neo1 View Post
I'd always considered the ES to be the hardest market you could possibly trade, and don't understand why so many retail traders( especially those starting out) are involved in it? Many will disagree, but I almost consider it a scam when "guru's" are trying to promote the ES to new traders. Everyone is also quick to mention the liquidity, but if you're a retail trader then liquidity is hardly issue( especially if your just starting out). All the liquidity in the ES does for you is create move efficiency, which makes it harder to get an edge. I'd be surprised if there were many retail traders who have exclusively traded the ES/NQ on a long term basis and come out on top, you're basically coin flipping with perhaps a small edge if you're exceptionally good- so you need a big account to begin with...

A lot of that may well be right, since really, ES is where the huge traders go, and it's because they do need the liquidity.

On the whole, I think a person should look over the available markets, note their characteristics, see if they can get a handle on them, and try them out (sim first, just not sim forever.) Experience is the only way to know how you will do with any of them. And, of course, don't listen to any gurus -- if they knew anything real, they would use it, not sell it.

Bob.

Reply With Quote
The following 2 users say Thank You to bobwest for this post:
 
  #7 (permalink)
Elite Member
Chicago, Illinois
 
Futures Experience: Intermediate
Platform: Ninja
Favorite Futures: ES
 
Posts: 76 since Mar 2013
Thanks: 708 given, 52 received

I've had pretty good luck with the ES. Can't beat the liquidity!

Reply With Quote
 
  #8 (permalink)
Trading for Fun
New York, NY, USA
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: ES, YM, NQ, CL
 
Posts: 105 since Jun 2013
Thanks: 2 given, 46 received

Personally I started by just sticking with ES. However there's one problem, when you're looking at a session with just a 5 point range life gets very difficult - you have to enter on limit orders, and sometimes it's just way too tough to get a good move out of it.

I opened the door to both NQ and YM and find that it's the best decision I've made (TF has too much leverage, about 2.8 times of ES per contract). This way I look at three indices, and yes they mostly move together, but I find that one of them will offer a slightly better technical picture than the other. For example if I want to short I'll look for the weaker contract. If I see one has a better risk point I'll take that one. And when the range gets very narrow, it's way easier entering on NQ and YM than ES. Just my 2 c's.

Reply With Quote
The following 2 users say Thank You to Georgii for this post:
 
  #9 (permalink)
Elite Member
Netherlands
 
Futures Experience: Intermediate
Platform: Ninjatrader
Favorite Futures: 6E
 
Zwaen's Avatar
 
Posts: 247 since Dec 2010
Thanks: 762 given, 221 received

I have looked how trading was affected by both, and compared a year of simulated trades. First both ES+NQ, and next 2* NQ contracts, since both would be aproximately equivalent on margin need, ROI. I found it better to just trade 2*NQ instead of NQ+ES, drawdown was not effected, and NQ yielded somewhat better yield.
I would be interested in how others view this.

I think NQ is also scaleble, I donít see why you canít trade 50-60 contracts, when entering at different levels. ( I absolutely donít trade this size and donít know from practise, so correct me if wrong)

Like Fattails once demonstrated in a very good analysis, it is good to compare the impact of transaction costs. But you can only compare this when you know the appropiate SL/TP parameters.

One of my worst enemies are my own false assumptions
Reply With Quote

Reply



futures io > > > > Anyone trade ES/NQ only?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Alternative Views on Traditional Tools w/Rhonda Jones

Elite only

FuturesTrader71: TBA

Elite only

Al Brooks: TBA

Elite only

Jigsaw Trading: TBA

Oct 19

RandBots: TBA

Oct 24
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
NQ ES Phone Trading Partner Blash Traders Hideout 2 April 12th, 2016 12:07 PM
How many tick will you take as STOP for ES/NQ? esnq Emini Index Futures Trading 12 November 2nd, 2012 03:20 PM
can i use mt4 or 5 with ES,YM , NQ? optimus prime MetaTrader 3 September 24th, 2011 08:36 AM
US Stock Indices: ES, NQ and YM ("intermarket analysis") ikeaboy Emini Index Futures Trading 3 December 17th, 2010 01:38 PM
Stopped getting quotes on ES, YM, and NQ around 4:15 EST ptd26 Reviews of Brokers and Data Feeds 4 February 6th, 2010 10:43 AM


All times are GMT -4. The time now is 11:30 PM.

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 2017-09-20 in 0.14 seconds with 19 queries on phoenix via your IP 54.80.77.124