I did a comparison on NQ vs ES in 2023 comparing both the daily range and the sum of the major swings per day. I found that NQ offered roughly 60 % more in the time period I watched. Not sure how that holds up today, but I would imagine NQ still offers more. Which markets or instruments are you trading?
60% more is offset by trading 2ES vs 1NQ. NQ ATR is ~ 5x ES ATR. Dollar wise, NQ ATR is ~ 2x ES ATR. But this 2x difference is offset by the fact ES is twice as more liquid.
I get your point @Sekiyo but I'm going to say @tiddlywinks is right on this one. If I had to choose just one for the rest of my trading life, I'd choose NQ because it offers more opportunity, and it is easier to take advantage of that opportunity.
I only follow NQ with half an eye these days, but there have definitely been periods in the past where the moves have been stronger, cleaner and more directional where ES might even be stuck. I remember having several weeks scalping NQ with a 100 % win rate thanks to exploiting momentum. Then, of course, NQ can be choppy as hell, too, and it seems to have been a bit of a drag this year. I mostly stick with ES since it's what I know and it seems more well behaved.
So there was your V today as predicted. Again, they absolutely cannot bring this market down. Every attempt instant V.
You got that right. People like to talk about the markets, but once you start getting too granular, the conversation quickly moves on. That's why I asked however. I had a feeling you weren't trading the zdte options. They're not a "rip-off" though, a million miles from that. They're cash-cows. You just have to know how they work.
This week we've had two intraday Vs, the first of which was a mighty flying V from well below last weel's low. The second broke last week's low also, but ES, she's such a flirt! Now, for the first time this week, bull breakout traders are in the market as this morning is the first time since last Thursday that the ES has attempted to breakout from a previous day's high. I have the V guy on block because I find his postings more distracting than anything else. But the V pattern is very useful imo. If the breakout continues at the open, a rally to and possibly through last week's high at 5927.50 can't be ruled out, imo. That would make this an outside up week. If the breakout fails, then yesterday's low at 5822.50 is in play as I see things.