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Best commercial indicator service for trading ES futures.


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Best commercial indicator service for trading ES futures.

  #1 (permalink)
 agadagad 
San Francisco
 
Experience: Intermediate
Platform: TOS
Trading: ES
Posts: 1 since Aug 2020
Thanks Given: 7
Thanks Received: 0

I just started scalping ES futures.

I was wondering which is the best indicator service that you recommend.

What are you using?

Which ones do you recommend?

Is there a service or squawk box or direct message or private twitter that you believe has been consistently good at calling the market on a moment by moment basis.

New to the community, happy to be here....thank your for your responses.

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  #2 (permalink)
SunTrader
Boca Raton, FL
 
Posts: 260 since Nov 2018
Thanks Given: 81
Thanks Received: 182

Historically pit traders scalped futures markets, but as the exchanges shut down the floors traders moving "upstairs" found that scalping no longer worked buying the bid, selling the offer in and out all day long.

Short term, minute and above, can work if one is quick-reacting, stay alert for setups and uses tight stops and is cognizant of volatile news event periods.

I don't see how that can be done listening to a signal service provider, etc. Especially in regards to the e-Mini ES or NQ.

Just my opinion, after trading these for 20+ years.

GL

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  #3 (permalink)
Symple
Zuerich / Switzerland
 
Posts: 1,052 since Sep 2021
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SunTrader View Post
Historically pit traders scalped futures markets, but as the exchanges shut down the floors traders moving "upstairs" found that scalping no longer worked buying the bid, selling the offer in and out all day long.

Short term, minute and above, can work if one is quick-reacting, stay alert for setups and uses tight stops and is cognizant of volatile news event periods.

I don't see how that can be done listening to a signal service provider, etc. Especially in regards to the e-Mini ES or NQ.

Just my opinion, after trading these for 20+ years.

GL

Some of those future pit traders even did work together closely with option traders to implement immediately hedges against there sold or bought futures. But this also can be done in today's full, electronical's markets.

Symple

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  #4 (permalink)
SunTrader
Boca Raton, FL
 
Posts: 260 since Nov 2018
Thanks Given: 81
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Not sure what either post#3 or 4 have to do with OP question?

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  #5 (permalink)
 
CannonTrading's Avatar
 CannonTrading   is a Vendor
 
Posts: 216 since Mar 2013
Thanks Given: 77
Thanks Received: 183

I am pretty confident there is no crystal ball but I am also optimistic that there are tools out there that can help.

If you are checking out a service, any good service will have a risk free trial. We have one as well ( https://www.cannontrading.com/tools/intraday-futures-trading-signals )

Some of my clients like to use tools provided by trading platforms such as bookmap and jigsaw when using order flow. I hear that some of the tools and features offered can help traders gauge if a big spike was a result of a large stop order getting hit or new buying interest, some of the tools help you see where are large limit orders are etc.

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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  #6 (permalink)
 mediaboy 
Durham, NC
 
Experience: Beginner
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: ES
Posts: 34 since Nov 2009
Thanks Given: 8
Thanks Received: 16


JohnTCHT View Post
Hi:

Try Tick Strike https://tickstrike.com/

I am finding, after just a couple of months' use, that it is almost impossible for me to enter at the wrong time. I am trading the S&P 500, going for short wins (usually 2 to 4 ticks per entry depending on strength of indicator signal), going in multiple times as each new high strength activity is indicated, within the established trend, starts up again (making sure to stick with the established direction and never bucking the existing trend until a new direction is well established), and lastly dividing my entries up into multiple entries (If I am trading 10 contracts, I enter 2 per time for possible averaging if it reverses ever so slightly), then moving my exit closer to the market position to my original goal (number of ticks per contract average) so the exit is uniform and happens all at once. Lastly, do not enter right at the open (or other highly volatile periods) as no app can react to that much volatility (actually, the app can but you cannot).


Tick Strike is being pushed really hard lately. Its been around for years - I remember when Amar launched it like 10 years ago?
Interesting how the more things change the more they stay the same.

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Last Updated on August 11, 2022


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