NexusFi: Find Your Edge


Home Menu

 





US Stock Indices: ES, NQ and YM ("intermarket analysis")


Discussion in Emini and Emicro Index

Updated
    1. trending_up 6,071 views
    2. thumb_up 0 thanks given
    3. group 4 followers
    1. forum 3 posts
    2. attach_file 0 attachments




 
Search this Thread

US Stock Indices: ES, NQ and YM ("intermarket analysis")

  #1 (permalink)
 
ikeaboy's Avatar
 ikeaboy 
Stockholm
 
Experience: Intermediate
Platform: NinjaTrader, Multicharts, Tradestation
Trading: US and Canadian Stocks
Posts: 59 since Jun 2010
Thanks Given: 21
Thanks Received: 5

Hey folks,

I want to specialize in (US) stock indices trading and right now I am watching ES, NQ and YM...

does anyone have experience trading one or more of these? does it make sense to look at ES AND NQ or all three at the same time to get some benefits over watching only one?

my observations so far are that
  • ES and YM are correlated to a very high degree...
  • NQ moves less correlated to ES/YM...
  • ES is the least volatile one...
  • NQ might sometimes lead the others...


would be great if anyone has other insights...

Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Ninja Mobile Trader VPS (ninjamobiletrader.com)
Trading Reviews and Vendors
Deepmoney LLM
Elite Quantitative GenAI/LLM
NexusFi Journal Challenge - April 2024
Feedback and Announcements
Are there any eval firms that allow you to sink to your …
Traders Hideout
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
 
  #3 (permalink)
 
Private Banker's Avatar
 Private Banker 
La Jolla, CA
 
Experience: Master
Platform: Sierra Chart, X_Trader Pro, OptionsCity
Broker: Advantage, Trading Technologies, OptionsCity, IQ Feed
Trading: CL, NG
Posts: 1,038 since Jul 2010
Thanks Given: 1,713
Thanks Received: 3,863



ikeaboy View Post
Hey folks,

I want to specialize in (US) stock indices trading and right now I am watching ES, NQ and YM...

does anyone have experience trading one or more of these? does it make sense to look at ES AND NQ or all three at the same time to get some benefits over watching only one?

my observations so far are that
  • ES and YM are correlated to a very high degree...
  • NQ moves less correlated to ES/YM...
  • ES is the least volatile one...
  • NQ might sometimes lead the others...


would be great if anyone has other insights...

The stock index you decide to trade depends on a variety of factors.

Ask yourself the following:
What is your trading strategy?
Intra-day trading, swing trading?
If intra-day, are you scalping/price target based or following intra-day trends?
What amount of money are you willing to risk per trade based on your account size?

Each stock index has different risk levels, proficiency levels and IMO, certain strategies that work better than others.

It does make sense to watch all three but don't forget TF. Sometimes one market will move before the others but never take a trade that doesn't fit into your trading strategy. Example, you're trading/watching YM and you see the NQ burst to the upside. You shouldn't go long on the YM just because of NQ's move alone. Your market should provide you with an entry signal first. There are times when these markets make independent moves based on an underlying stock, etc. But it can be a signal to get ready for a trade.

Reply With Quote
  #4 (permalink)
 
ikeaboy's Avatar
 ikeaboy 
Stockholm
 
Experience: Intermediate
Platform: NinjaTrader, Multicharts, Tradestation
Trading: US and Canadian Stocks
Posts: 59 since Jun 2010
Thanks Given: 21
Thanks Received: 5


Private Banker View Post
The stock index you decide to trade depends on a variety of factors.

Ask yourself the following:
What is your trading strategy?
Intra-day trading, swing trading?
If intra-day, are you scalping/price target based or following intra-day trends?
What amount of money are you willing to risk per trade based on your account size?

Each stock index has different risk levels, proficiency levels and IMO, certain strategies that work better than others.

It does make sense to watch all three but don't forget TF. Sometimes one market will move before the others but never take a trade that doesn't fit into your trading strategy. Example, you're trading/watching YM and you see the NQ burst to the upside. You shouldn't go long on the YM just because of NQ's move alone. Your market should provide you with an entry signal first. There are times when these markets make independent moves based on an underlying stock, etc. But it can be a signal to get ready for a trade.

thanks... i am trading intraday mostly on tick charts... and i try to catch intraday swings during the day... my strategy is simple... buy in a pullback when momentum has gone....

Started this thread Reply With Quote




Last Updated on December 17, 2010


© 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