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I have been trading ES for sometime now and I noticed how slow and rangebound the market has been recently. Its almost impossible for me to make money trading ES nowadays. Same goes with other indices like NQ and RTY.
Is anyone experiencing the same? or Does anyone know the reasoning behind this?
Can you help answer these questions from other members on NexusFi?
i would say you have tesla now part of the sp500 and you have meme stocks running the russell 2000 and now there is a new risk in the market due to meme stocks the sp500 is way tougher right now and a few HUGE outfits are just pegging it and pegging it and if they catch you trying to scalp for a few ticks which when you use an oco its is very obvious then they run it hard knowing ur a scalper and u will puke fast.. or u are suppossed too. so yes just in the last month we saw massive chagnes in how the es has been operating and NQ has gotten a lot harder also almost as if the new speed of the algos is before time period because I can video when i click mkt they spike it if im short and sell it hard if im long.. like clock work..
obviously if you sold the es today you are having a pretty good day but all who shorted es please raise your hands?
oh no one ok.. well if you are primarily ong and the mkt just sells then it is going to be a hard day but i will say all of the indexes have become ridiculously excitable over nothng but retail orders and then they just dont do anything for an hour..
this temp change is a real killer to retail day traders and you cannot get flow vvery good once it starts
btc is down huge oil is down yields are up i mean we are having shortges everywhere and a GLOBAL 15% tax just passed what the new world order?
well size down not up and extend your staying power or trade at night. seems to tend very well at night lots o fmomentum traders at night when they IMO the ymark up or mark down but i feel your frustration im long a 5 lot in es and have just been sitting it watching it take away my hard earned money! i cannot even get it to run 2 ticks for me hardly !!
good luck
im trying to fill and i just cant fill.. i cant fill on anything that i usually could inthe es.. im at the back of the pack always which isnt that unusual but the line is freaking LONG.
The russell at least will fill you with its 10 ticks per point! thats why i like the russel
I will take it even 1 step further and say AI has all of it programmed and they JAM BUY hard certain stocks in certain indexes while selling stocks in others to keep all the indexes as jumbled or not moving at all.. the algos are communicating if you ask me and just wreakign havoc on the indexes.. they really should not trade like micro crap stocks but they do . if i could get filled on 17.50 i could go to lunch and run some errands!
dow is crap too but guess what everyday somehow we are flirting with new highs? is cratch my head and say how in the hell did it move 200 points higher in the nq when as i was trading it i t either went down or sideways!!!
they are marking up intaday markets super fast if you are out for it then u miss it.
A few days back, I read somewhere (possibly ZeroHedge), that the 4200 level was a major price for options, option strike price? which helped stick the ES at that level for a couple of weeks unable to break and hold higher or lower before then coming back in a again.
I have never traded options though so quite possibly what I said is misunderstood and doesn't make sense. Maybe somebody who knows something about options will reply.
Otherwise, a contributing factor could be as FuManChu said, approaching new ATHs again, and also volatility reducing as summer approaches.
You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
Trading activity declines significantly during the summer. It starts slowing down after mid May, and gets really tight after the June jobs report. Also note that volatility is down to 16-17 and the money printers around the world have slowed. Which means barring a big inflation scare we're likely to move back to a low volatility environment similar to 2017 or 2013.
My take is similar: normal seasonality plus perhaps recurring or large-scale business or macro issues. In other words, nothing particularly remarkable. The ES has these quiet periods, and is often dead slow boring. Then at some time it picks up again. Part of the normal shifts in market conditions that go on all the time.
You can wait it out, or adapt to a shorter-term trading style, or go elsewhere for a market that fits your trading better. Soon enough it will change again. Every market does things like this.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
