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New to the ES...
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New to the ES...

  #1 (permalink)
Scotland
 
 
Posts: 1 since Jun 2009
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New to the ES...

Had a search of this fine forum but could not find answers to my questions... so...

I'm new to ES... very new!... spent my second day watching it today.

Mainly trade major FX pairs.

Come form an exclusive technical background... the nearest I get to fundamentals is staying away from NFP.

I have realised that I cannot approach it in quite the same way I approach the way I trade currency pairs - the movement is quite different.

However, that's fine, I expect that.

I'm studying it intensively and so would like your thoughts on what I should be focusing on and learning.


So far:

I'm keeping an eye on COT data (from E-mini Watch website).

I'm generally watching the price ladder.

Charting as best I can (not as clinical and trendy as FX).

I have started getting into VSA since I discovered it... so will be using this, how are others finding it?...


Also, depending on how I do with it, I could be looking to do scalps or holding for a few points.

Also, I will be doing some automated trading with the ES. Is there anywhere I can find statistics/data on ES/S&P in general? (done googling but to no avail.)


Thanks,

Magnus

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  #2 (permalink)
Philadelphia, Pa
 
Trading Experience: Advanced
Platform: Sierra Charts
Broker/Data: Amp/CQG
Favorite Futures: CL, ES
 
longboat's Avatar
 
Posts: 142 since Jun 2009
Thanks: 895 given, 201 received

Welcome Magnus. I trade Forex some on the side and find it much harder to make money in Forex than trading Emini futures. Futures are the truth. So much is stacked against you in Forex. The brokers trade against you, the spreads and the data feed all contribute to the challenge! It is much easier to overcome the spreads and scalp futures. I would much rather pay these low commissions than the forex spreads. Don't know where to point you for stats. Maybe try yahoo finance? Good luck!

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  #3 (permalink)
Market Wizard
OC, California, USA
 
Trading Experience: Advanced
Platform: IB/TWS, NinjaTrader, thinkorswim
Favorite Futures: stocks, options, futures, VIX
 
shodson's Avatar
 
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longboat View Post
Welcome Magnus. I trade Forex some on the side and find it much harder to make money in Forex than trading Emini futures. Futures are the truth. So much is stacked against you in Forex. The brokers trade against you, the spreads and the data feed all contribute to the challenge! It is much easier to overcome the spreads and scalp futures. I would much rather pay these low commissions than the forex spreads. Don't know where to point you for stats. Maybe try yahoo finance? Good luck!

How about forex futures? Some guys would rather trade forex futures because you get more safety of a regulated market and you don't have to worry about spreads. Thoughts?

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  #4 (permalink)
Boston
 
 
Posts: 88 since Jun 2009
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Yes, trading forex is a scam, the spreads are so big you could drive a truck through them.
Futures are the way to go. Hands down. I know I wouldn't trade anything else.

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  #5 (permalink)
Site Administrator
Manta, Ecuador
 
Trading Experience: Advanced
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Favorite Futures: E-mini ES S&P 500
 
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I agree, trading the 6E is all the excitement of Forex without the added unbalanced risks against you.

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  #6 (permalink)
Birmingham/UK
 
Trading Experience: Advanced
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Favorite Futures: Mini and micro US Indexes/ DAX/ FX/VIX/GOLD
 
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Big Mike View Post
I agree, trading the 6E is all the excitement of Forex without the added unbalanced risks against you.

Mike

Depends on the broker. I would also say that one of the real beauties of forex is being able to trade the major pairs. Using LMAX or IB you wouldn't have any problems (I use both because IB has better liquidity) and spreads less than a pip are a must.

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  #7 (permalink)
asheville north carolina USA
 
Trading Experience: Beginner
Platform: ATC trader (OEC white label)
Broker/Data: ATC
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bourgeois pig's Avatar
 
Posts: 312 since Sep 2014
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history


Quoting 
Is there anywhere I can find statistics/data on ES/S&P in general? (done googling but to no avail.)

Hi, I haven't found any ES data on this website but there is a ton of historical S&P, NASDAQ, and DOW data and trivia along with all sorts of other cool historical data. Not sure if it is micro enough for your needs but maybe it has some value for you. Good luck on your journey! Wow just realized how ancient this thread is....... LOL! I was playing too many video games, waiting tables, and not giving at bulls butt about my 401k when this thing was started! But anyway if this helps anyone here you go.
Where Did The DJIA/NASDAQ/S+P 500 Trade On...

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