NexusFi: Find Your Edge


Home Menu

 





Lost my perspective on ES


Discussion in Traders Hideout

Updated
    1. trending_up 1,046 views
    2. thumb_up 4 thanks given
    3. group 1 followers
    1. forum 1 posts
    2. attach_file 0 attachments




 
Search this Thread

Lost my perspective on ES

  #1 (permalink)
 
chipwitch's Avatar
 chipwitch 
Nashville, TN
 
Experience: Beginner
Platform: NinjaTrader
Broker: NinjaTrader, Continuum Data
Trading: MES for now... baby steps
Posts: 322 since Feb 2022
Thanks Given: 230
Thanks Received: 631

Can anyone else relate to this?

I made the mistake of looking at the one minute chart of SPX while I had up a 1 minute chart of ES (MES). Intellectually, I know ES is a derivative of SPX and the SPX is an aggregate index of underlying stocks, but...

Somehow, seeing it trade by itself with the understanding that it is just an aggregate index made it feel (to me) detached from the ES. Now, I'm having trouble seeing the ES as a physical product, which is apparently something I was doing without being aware of it. I keep trying to tell myself that it's just a gauge of market sentiment, but the mechanics of how the two are connected seems arbitrary. Suddenly, I had a drop in my confidence that I can see anything at all in ES. I'll get this back, I know. Just wondering if anyone else has experienced this. It seems really odd to me.

I may have to move to commodities, lol.

Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
REcommedations for programming help
Sierra Chart
Better Renko Gaps
The Elite Circle
How to apply profiles
Traders Hideout
Exit Strategy
NinjaTrader
MC PL editor upgrade
MultiCharts
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Spoo-nalysis ES e-mini futures S&P 500
43 thanks
Just another trading journal: PA, Wyckoff & Trends
30 thanks
Tao te Trade: way of the WLD
24 thanks
Bigger Wins or Fewer Losses?
23 thanks
GFIs1 1 DAX trade per day journal
21 thanks
  #2 (permalink)
 
forgiven's Avatar
 forgiven 
Fletcher NC
Market Wizard
 
Experience: Intermediate
Platform: nijia trader
Broker: A.M.P. I.Q. ....C.Q.G.
Trading: ym es
Frequency: Every few days
Duration: Days
Posts: 862 since Mar 2012
Thanks Given: 287
Thanks Received: 580


chipwitch View Post
Can anyone else relate to this?

I made the mistake of looking at the one minute chart of SPX while I had up a 1 minute chart of ES (MES). Intellectually, I know ES is a derivative of SPX and the SPX is an aggregate index of underlying stocks, but...

Somehow, seeing it trade by itself with the understanding that it is just an aggregate index made it feel (to me) detached from the ES. Now, I'm having trouble seeing the ES as a physical product, which is apparently something I was doing without being aware of it. I keep trying to tell myself that it's just a gauge of market sentiment, but the mechanics of how the two are connected seems arbitrary. Suddenly, I had a drop in my confidence that I can see anything at all in ES. I'll get this back, I know. Just wondering if anyone else has experienced this. It seems really odd to me.

I may have to move to commodities, lol.

use the kiss rule . There is no good reason to add in complexity of both unless you are spread trading the PREM . That is difference between the cash SPY and the ES .

Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote




Last Updated on March 29, 2022


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts