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CL vs ES


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CL vs ES

  #1 (permalink)
nightangel03
Dover Plains, NY
 
Posts: 3 since Sep 2010
Thanks Given: 0
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Hello,
I currently trade the ES mini and was thinking of maybe trading another symbol instead. Since there are times when the ES takes forever to setup a trade. I wanted to know if crude oil was easier then ES and faster?

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  #3 (permalink)
 Zoethecus 
United States of America
 
Experience: Advanced
Platform: NT
Posts: 1,145 since Aug 2009



nightangel03 View Post
Hello,
I currently trade the ES mini and was thinking of maybe trading another symbol instead. Since there are times when the ES takes forever to setup a trade. I wanted to know if crude oil was easier then ES and faster?

Easier, no. Faster, yes.

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  #4 (permalink)
 vegasfoster 
las vegas
 
Experience: Intermediate
Platform: Sierra Chart
Broker: Velocity/IB
Trading: 6E
Posts: 1,145 since Feb 2010
Thanks Given: 304
Thanks Received: 844

You should check out TF.

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  #5 (permalink)
 incometrade 
Rochester Hills, Michigan
 
Experience: Advanced
Platform: Tradestation
Trading: Currency Futures
Posts: 200 since Jul 2010
Thanks Given: 856
Thanks Received: 143

Crude is extremely fast to trade big stops needed. Try russell similar to ES

Incometrade
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  #6 (permalink)
 
trendisyourfriend's Avatar
 trendisyourfriend 
Quebec Canada
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES, NQ, YM
Frequency: Daily
Duration: Minutes
Posts: 4,526 since Oct 2009
Thanks Given: 4,167
Thanks Received: 6,018


Zoethecus View Post
Easier, no. Faster, yes.

Does the fact CL is faster mean it is more difficult or as you save mental energy by not passing all of your time waiting for a setup makes your life as a trader easier ? This week CL is about 14.5 times more profitable than the ES. That means if you miss an opportunity or if you lose once you can get another clear cut oppotunity a few minutes later. ES is much tougher to trade this week than CL.

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  #7 (permalink)
 mytrades123 
canada
 
Experience: Advanced
Platform: ninja trader
Trading: ES,TF,OIL
Posts: 5 since Aug 2010
Thanks Given: 1
Thanks Received: 1


incometrade View Post
Crude is extremely fast to trade big stops needed. Try russell similar to ES

crude is fast but if u know its behave u can make very good money best way to trade in crude is scalping my stop loss is 20 tick and profit is 10-20 tick u can see here my today trades i made $1000 with one lot total trades 14 account size is 3500

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  #8 (permalink)
 
LukeGeniol's Avatar
 LukeGeniol 
Italy (IT) Italy
 
Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker: Rithmic
Trading: CL, Brent, GC, TF
Frequency: Daily
Duration: Minutes
Posts: 1,499 since Apr 2010
Thanks Given: 408
Thanks Received: 985


mytrades123 View Post
crude is fast but if u know its behave u can make very good money best way to trade in crude is scalping my stop loss is 20 tick and profit is 10-20 tick u can see here my today trades i made $1000 with one lot total trades 14 account size is 3500

Good trades, but how is that on 10.30 bar u have target filled out of the bar?

Take your Pips, go out and Live.
Luke.
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  #9 (permalink)
 Zoethecus 
United States of America
 
Experience: Advanced
Platform: NT
Posts: 1,145 since Aug 2009


trendisyourfriend View Post
Does the fact CL is faster mean it is more difficult or as you save mental energy by not passing all of your time waiting for a setup makes your life as a trader easier ? This week CL is about 14.5 times more profitable than the ES. That means if you miss an opportunity or if you lose once you can get another clear cut oppotunity a few minutes later. ES is much tougher to trade this week than CL.

ES is always tough to trade because it is a back-n-fill market. CL is more of a breakout market and the moves are volatile because of a lack of liquidity compared to ES, which is the most liquid instrument. This doesn't make CL any easier to trade. It simply means there are different risk/reward characteristics to these markets.

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  #10 (permalink)
 
Snoop's Avatar
 Snoop 
Toronto, Ontario
 
Experience: Advanced
Platform: NinjaTrader, Multicharts
Broker: IB, IQfeed
Trading: ES, CL
Posts: 203 since Oct 2009
Thanks Given: 135
Thanks Received: 165


Trading CL for 2:1 risk/reward or 1:1 will guarantee failure over the long run.

I don't see ES as more difficult. I trade CL primarily but still view ES as one of the best instruments out there. Gap plays, opening ranges, and TICK plays make ES one of the most technically sound products available to trade. It should be a staple of every futures' traders portfolio.


mytrades123 View Post
crude is fast but if u know its behave u can make very good money best way to trade in crude is scalping my stop loss is 20 tick and profit is 10-20 tick u can see here my today trades i made $1000 with one lot total trades 14 account size is 3500


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