SHORT TERM trading instruments (5m or lower) - Traders Hideout | futures io social day trading
futures io futures trading


SHORT TERM trading instruments (5m or lower)
Updated: Views / Replies:3,161 / 12
Created: by ikeaboy 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 – 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 don’t 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
 

SHORT TERM trading instruments (5m or lower)

  #1 (permalink)
Elite Member
Stockholm
 
Futures Experience: Intermediate
Platform: NinjaTrader, Multicharts, Tradestation
Favorite Futures: US and Canadian Stocks
 
ikeaboy's Avatar
 
Posts: 59 since Jun 2010
Thanks: 21 given, 5 received

SHORT TERM trading instruments (5m or lower)

Hello,

my question is what instruments you guys use for trading short term? I define short term as trading on a timeframe which is 5m or an equivalent of 5 minutes (when trading tick, volume or range bar charts) or a bit lower.

So far i tested my strategy on 6A, 6B, 6C, 6E and 6J... however I am getting poor results with 6A, 6C and sometimes 6J... So i compared the charts and after a while i thought maybe there isnt something wrong with my strategy but the market just doesnt move "nicely" enough to get profits out of it...

regarding the strategy (even if it is not important for my concern), i am entering an existing trend in retracements... the main chart i am using is a 4 tick chart - but looking to minute or other longer timeframe charts for the big picture...

so my question is what future contracts are very well suited for short term trading? (liquid and volatile markets)

Thanks for your help!

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
UK
 
Futures Experience: None
Platform: -
 
Posts: 155 since Aug 2010
Thanks: 12 given, 74 received


Dude, I reckon 5m on fx is pushing it... IIWY I'd stick to the liquid (and deep) futures like FESX, FGBL, ES and ZN... maybe include things like the DAX and CL, and use tape reading / market profile or similar.
CPI

Reply With Quote
 
  #4 (permalink)
Elite Member
Stockholm
 
Futures Experience: Intermediate
Platform: NinjaTrader, Multicharts, Tradestation
Favorite Futures: US and Canadian Stocks
 
ikeaboy's Avatar
 
Posts: 59 since Jun 2010
Thanks: 21 given, 5 received

the contracts FESX, FGBL and ZN are highly liquid but not volatile... they hardly move... at what timeframe do you trade them?

i saw markt profile and i dont like it... however i never really educated myself about it...

what do you mean by tape reading? ... for me it is price action... altough i use few indicators to give me structure on the chart...


Last edited by ikeaboy; August 9th, 2010 at 07:36 AM.
Reply With Quote
 
  #5 (permalink)
Elite Member
Springfield,Missouri, USA
 
Futures Experience: Advanced
Platform: NinjaTrader (It's a love/hate relationship)
Favorite Futures: CL, TF, 6E
 
Slipknot511's Avatar
 
Posts: 176 since May 2010
Thanks: 60 given, 311 received

For very short term price action trading, I like TF best.

Reply With Quote
 
  #6 (permalink)
Elite Member
las vegas
 
Futures Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Velocity/IB
Favorite Futures: 6E
 
Posts: 1,147 since Feb 2010
Thanks: 304 given, 836 received

Are you taking into consideration the times that you are trading?

Reply With Quote
 
  #7 (permalink)
Elite Member
Stockholm
 
Futures Experience: Intermediate
Platform: NinjaTrader, Multicharts, Tradestation
Favorite Futures: US and Canadian Stocks
 
ikeaboy's Avatar
 
Posts: 59 since Jun 2010
Thanks: 21 given, 5 received

i am done researching and have a final watchlist...

forex:
6B $ 6,25

us stock indices:
NQ $ 5,-
YM $ 5,-

european stock indices
Z £ 5,-
CAC40 € 5,-


these are the only contracts i can afford to trade... (the value next to the contract is the tick value)

i think these contracts are liquid and volatile enough for short term trading...

does anyone know other cheap, liquid and volatile contracts for short term trading?

nice weekend!


PS: TF is also very liquid and volatile and has nice moves, but too expensive for me... at least now...
PPS: i am situated in europe so i trade the whole european session... however there are better moves in the afternoon (european time - GMT)... meaning when the US starts trading...

Reply With Quote
 
  #8 (permalink)
Administrator: Retired Backtester
 Vendor: speedytradingservers.com 
Rennes France
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: IB/Kinetick
Favorite Futures: Futures
 
sam028's Avatar
 
Posts: 3,335 since Jun 2009
Thanks: 3,548 given, 3,954 received

@ikeaboy: there is already a thread on a similar subject, here, which you might read.

Success requires no deodorant! (Sun Tzu)
Reply With Quote
 
  #9 (permalink)
Elite Member
Stockholm
 
Futures Experience: Intermediate
Platform: NinjaTrader, Multicharts, Tradestation
Favorite Futures: US and Canadian Stocks
 
ikeaboy's Avatar
 
Posts: 59 since Jun 2010
Thanks: 21 given, 5 received


sam028 View Post
@ikeaboy: there is already a thread on a similar subject, here, which you might read.

Cant see it - is it only for elite members?

Reply With Quote
 
  #10 (permalink)
Elite Member
USA
 
Futures Experience: Beginner
Platform: MT4/NinjaTrader
Broker/Data: AMP/Zen-Fire
Favorite Futures: YM/Currency Futures
 
Posts: 8 since Jan 2010
Thanks: 24 given, 2 received



ikeaboy View Post
i am done researching and have a final watchlist...

forex:
6B $ 6,25

us stock indices:
NQ $ 5,-
YM $ 5,-

european stock indices
Z £ 5,-
CAC40 € 5,-


these are the only contracts i can afford to trade... (the value next to the contract is the tick value)

i think these contracts are liquid and volatile enough for short term trading...

does anyone know other cheap, liquid and volatile contracts for short term trading?

nice weekend!


PS: TF is also very liquid and volatile and has nice moves, but too expensive for me... at least now...
PPS: i am situated in europe so i trade the whole european session... however there are better moves in the afternoon (european time - GMT)... meaning when the US starts trading...

ikeaboy,

I don't know what your tick/pips goal per day. I suggest focus on 6B for now. Build your account with it. It's predictable enough using proper tools, a couple of indicators. I trade it on m1 during US session. The Frankfurt/London session will suit you well with on 6B. Later, you can add 6E.

criss

Reply With Quote

Reply



futures io > > > SHORT TERM trading instruments (5m or lower)

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Battlestations: Show us your trading desks and win $750 in prizes

August
 

Ask Me Anything (AMA) w/Rod Casilli @ Collective2

Aug 23
 

Prototyping Python Strategies (part 3, Live Trading) w/Ran Aroussi [1PM ET]

Elite only
 

Develop Strategies and Perfect Execution w/Brannigan Barrett @ Axia Futures

Elite only

Introduction to Phillip Capital futures brokerage services

Aug TBD

How Monte Carlo Analysis Can Help Your Trading w/Kevin Davey

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
TMNT's Trading Journal: ES 5m candle, Price Action scalping tmntrader Elite Trading Journals 20 August 12th, 2011 03:37 PM
very short-term "Swing" trading heywally The Elite Circle 2 May 13th, 2011 01:30 PM
Account size when trading multiple instruments jstnbrg Psychology and Money Management 39 January 18th, 2011 12:17 PM
Short term trading - ticks, fills and amount of trades Twiddle Beginners and Introductions 8 October 30th, 2010 09:16 PM
Correlation trading multiple instruments Insearch NinjaTrader 5 July 20th, 2010 12:30 AM


All times are GMT -4. The time now is 06:47 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 2017-08-24 in 0.13 seconds with 19 queries on phoenix via your IP 54.156.32.80