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Chasing On The ES
Started:December 11th, 2014 (12:58 PM) by Krav69 Views / Replies:1,006 / 12
Last Reply:January 2nd, 2015 (06:44 PM) Attachments:1

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Chasing On The ES

Old December 12th, 2014, 02:34 PM   #11 (permalink)
Elite Member
London, United Kingdom
Futures Experience: Intermediate
Platform: N/A
Broker/Data: Bloomberg
Favorite Futures: Energies
CobblersAwls's Avatar
Posts: 252 since Jul 2014
Thanks: 796 given, 307 received

josh View Post
If using a quick order entry method like a DOM or level 2, there is no reason ever to use "buy market" -- quickly click a bid a few ticks higher and the bid will be marketable and you'll get filled near the market.


You know I always thought you had to click on the actual level (the one just above or level with the yellow bar in NT) to hit that marketable limit which is what I do normally, but when markets are moving fast and I need to hit it now I thought clicking on an above level was just the same as using a market order so I set my hotkeys to just hit market.

Thanks @josh, although a little embarassing you have just saved me quite a number of ticks in the future and given me another bit of knowledge to add to the archives!



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Old December 12th, 2014, 04:29 PM   #12 (permalink)
Trading Apprentice
Yonkers, new york
Futures Experience: Intermediate
Platform: esignal
Broker/Data: Interactive Brokers
Favorite Futures: ES
Posts: 1 since Nov 2014
Thanks: 1 given, 0 received

Contract size matters.

Big Mike View Post
Short answer: you are wrong.

What you are describing is due to hindsight bias, you think you missed all these moves, but in reality you did not because your actions would have not been what you think they were.

Most users like you use limit orders because they are afraid to actually commit to the trade, so they want 'better value' with a better price.

The best advice I can give you is that you are likely not ready to trade futures. You are afraid to trade that leverage. You wouldn't have this problem of committing to a trade if it were sized correctly. Try trading smaller, and if you are down to 1 lots already then move to micros. If still not good, move to equities or forex.

Once you get the position size to 'I don't care' size then you can start working on your actual trading performance and entry/exits. It's all psychological right now and extremely dangerous when you convince yourself of certain outcomes like "missing big trades" which is frankly 100% bs.


I could not agree with big mike any more. The day i started trading smaller size was the day i started to make money consistently. I had a working system but never realized the profits because i was never in a trade because i was trading to many contracts (FEAR). I greatly lowered the amount of contracts and now i am making money

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Old January 2nd, 2015, 06:44 PM   #13 (permalink)
Trading for Fun
Kalispell montana
Futures Experience: Beginner
Platform: ninjatrader
Favorite Futures: es
Posts: 158 since Jan 2015
Thanks: 157 given, 23 received

New to future trading. Was wondering how spread trading futures would play in reducing the risk and leverage.

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