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Socrates
Registered: Dec 2004
Posts: 306 |
07-12-12 10:21 PM
Quote from Carl Granz:
15/20 trades with 4 lots each day
Duration? It depends. From few seconds to few minutes
So?
That's what I consider a scalp, also. But I wouldn't consider using limit orders. To me a scalp is opportunistic, a momo play. You want in and out when you want in and out.
IMO NQ is the best of the three because of the combination of volatility, tick size, payout, and margin.
ES leads YM. And YM leads ES. And neither leads either. It is untradeably random IMO, despite the ponderously pompous bullshit Jack spews on the matter.
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oldtime
Registered: Jun 2011
Posts: 7389 |
07-12-12 10:33 PM
Quote from Carl Granz:
ES, YM, NQ? for what reasons?
And in your opinion ES leads YM or viceversa?
I 've found the ES very difficult to scalp due to the execution of limit orders. On the other hand, the slippage is a rare event
NQ is probably the most profitable, but a bit difficult to trade due to the performance of 3/4 shares (AAPL etc.)
YM is more easy to trade and price levels are more respected than ES
TF is horrible
Any comments would be appreciated
TIA
I would avoid ES like the plauge, limit orders are almost never hit, and when they are hit the slipppage can kill you
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TheGoonior
Registered: Oct 2009
Posts: 832 |
07-13-12 12:06 AM
Quote from oldtime:
I would avoid ES like the plauge, limit orders are almost never hit, and when they are hit the slipppage can kill you
How do you get slippage on a limit order?
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oldtime
Registered: Jun 2011
Posts: 7389 |
07-13-12 12:29 AM
Quote from TheGoonior:
How do you get slippage on a limit order?
it was a joke, but actually it is common in forex. never negative, but occasionally positive
I want to sell at the bid, and you want to buy at the ask, and the ECN just splits it, and we each get a little positive slippage
otherwise, when it comes to ES, it was just a joke, like hopefully this whole thread is.
but to reiterate, positive slippage on a limit order in forex is not normal, but then again it is not uncommon.
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RenkoTrades
Registered: Apr 2012
Posts: 190 |
07-13-12 12:34 AM
I always follow ES and NYSE buy/ sell programs looking for set ups, but I trade the TF for my entry. The TF is much more efficient to trade over ES, but ES is more liquid if you need to trade 20 lots or higher. I trade DAX some nights and that is my favorite. I never trade the YM or NQ and I don't really need to.
6E and CL I trade all day for intraday position trades.
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