ES trading sucks compared to TF, 6E, CL or any major spot FX pairs. Show us a struggling ES trader who is barely able to reach breakeven, and you've shown us a net profitable trader in any of those other symbols. The only reason any retail traders stay with ES is purely sheeple = herd emotions. Surely not for the intraday $$ ranges and oscillations!
Way too stressful to watch tick by tick ES movements. Lots of temptation to use your full margin with the side effects of blowing up on an adverse move.
you feel that way, I feel that way and almost everybody feels that way, so that must mean the new opportunity is in ES. It just requires looking at it differently than we do. I'm too set in my ways, but someone new may see something I am missing.
definitely, As a little guy I would hate to be pushed around by big money. So I would rather be in ES. The more liquid the market is the less likely it is for the price to be drastically effected by HFT. I read on another post this weekend, how a HFT trader pushed around prices in thin markets. It happens all day in ES but not tot the same degrees as in thin markets. But it is true, the swings are taking longer because of the liquidity. So you just have to pick your poison.
I agree. the beauty of globex in general and ES in particular is no matter how small I am I can get filled before JPM or GS if I am first in line. Just because you are small doesn't mean you have to get pushed around. Sometimes you can just hitch a ride. But all they need is me. I need a greater fool (retail participation) to make money.
------------- Okay, you are trading forex--are your entries market or do you limit in or stop into your trades and how do you work out the tick differences? I know how I would do it but am asking you. peace Hedvig
It's very simple and no debates needed to easily determine if the Emini ES futures is the best or not the best trading instrument for you. Backtest your method on all available trading instruments you're curious about...most traders are curious about 10 different trading instruments. The trading instrument that performs the best via your trade method should be your #1 trading instrument unless you're unable to trade it due to personal reasons (e.g. conflict in time zone). Remember, the goal is to be profitable and you really only want to trade something your method performs the best in comparison to under-performing on a different trading instrument.
For those having a hard time trading the ES, I highly suggest going to 6E and 6B currency futures, they are a thing of beauty. Plot your daily s&r levels, and look for entries using price action on 10-15min bars. ......even a caveman can do it * Although I personally don't see why ppl say the ES is so hard to trade. From my perspective(I trade both ES and FX futures full time), I see too many new/inexperienced traders micromanage these futures to under the 5 min time frame or less than 275 tick bars and get stressed out/emotionally burnt from the price action noise you typically see at those levels. Thus making it harder to spot a good trade. just my 2cents.....
Reviving this old thread to see if anyone has new thoughts for a newish trader on whether ES is or isn't "a thing of the past" as mentioned earlier. Or should I be looking at FX markets EUR?