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SHORT TERM trading instruments (5m or lower)
Started: by ikeaboy Views / Replies:2,941 / 12
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SHORT TERM trading instruments (5m or lower)

  #1 (permalink)
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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!

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  #3 (permalink)
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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

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  #4 (permalink)
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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 08:36 AM.
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  #5 (permalink)
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Futures Edge on FIO
For very short term price action trading, I like TF best.

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  #6 (permalink)
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Are you taking into consideration the times that you are trading?

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  #7 (permalink)
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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...

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  #8 (permalink)
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@ikeaboy: there is already a thread on a similar subject, here, which you might read.

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  #9 (permalink)
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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?

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  #10 (permalink)
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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

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