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during earnings season it seems that each separate index is in their own world. it was a trend day down in the YM early on....while nq and tf had a very delayed reaction.
with exception of this past Friday it seems like you been getting paid much quicker on YM shorts of late....
When considering the BEST opportunity, I feel there is another issue when comparing them (ES vs. NQ vs. YM), and that is the clarity of signals (it's not just about strength, tigertrader). When you look at your setup(s) and compare across instruments, which instrument gives the most reliable signals? Which one the least? False triggers? Clarity? Traps? How do your exits work with each of these?
I studied all three carefully over the years with respect to my setups. BY FAR, the least trappy was ES and the worst one was YM. That finding shocked me... we are told ES is poor for day trading... NQ and YM are supposed to offer better opportunities...etc. Not the case.
ES 'protects' the price levels better (not as frayed)... and makes more sense as an instrument, at least for me.
You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.
hello tigertrader, I think your words make a lot of sense. your +/- categorisation is currently on my wall right above my trading computer. I'm curious to know how do you compare the strength of 2 similar instruments. by the look of the 2 charts posted by "trendisyourfriend", I would have determined that ES was the stronger one instead, since its uptrend leading to the crash was relatively more orderly and had a better angle.
