Since a lot of the markets move in a similar direction most of the time I was wondering what markets actually lead the others?
For example when looking at the ES, NQ and YM - ES is the biggest one... does it even make sense to take a trade in the NQ or YM if the ES is not pointing in the same direction? (yes there are always some deviations but in general...)
So what markets do you think are leading in these categories:
1) currencies (6E or 6B?)
2) Energy (CL?)
3) us stock indices (ES?)
4) european stock indices (FDAX or FTSE?)
5) metals (GC?)
i am thinking of switching to the main contracts to avoid trade signals which are just not working because the market actually follows another market...