ES vs NQ vs YM

Discussion in 'Index Futures' started by oldtime, Aug 4, 2011.

  1. Anybody fool around with index spreads?
  2. rcj


    Do you mean for example:
    take long position ES and short YM ? Same expiry for both?
  3. yeah, not sure where NQ fits in, but the reason I ask is because I and the other 50% of us who were long ES 8/4 lost a lot of money.

    According to my podunk unscientific research, long ES and short YM gives me a slight bullish bias, with a lot less pain when I'm exactly wrong.
  4. You bought at the beginning of the day and held till the end? You don't day trade?
  5. rcj


    To get a preliminary 'feel" :
    Paper trade
    Pull up two price ladders
    Take opp positions in ES/Ym. doesnt matter which is long.
    After some hrs doing this you might get some ideas abt a strategy.
    One nice thing is while you have both trades going you have reduced
    Of course when u exit one trade perf bond goes up.
  6. There is perhaps one of the more "risk free" strategies somewhere within trading an ES/YM spread...what are some of the intraday strategies out there? To enter...when etc?
  7. well, there was some scalpng and scaling in and out involved.

    I don't recommend it to anybody my age, just a little for oldtime's sake.
  8. rcj


    Wow! YM has moved up 400 pts tonight as of this post.
    CRAZY. :cool: 500 pts.
  9. well, I must say ES vs YM is a lot of fun. I remember when they invented YM and I took a look at it and traded it a few times and figured, "why bother?"

    Too bad I was too stupid to spread it.

    As far as I can figure, the correlation is aprox 95%, which means there's almost no way to make or lose money.

    You can put it on for peanuts. I'm just a little itty bitty trader and a full load is 5 ES vs 6 YM.

    The fun thing is you can violate every rule about trading you've ever tried to adhere to.

    My rules are

    1. Never add to a winner

    2. Always add to a loser

    3. Take any small profit

    It's just something to do when you're being disciplined in your other positions.

    These days my bar is set pretty low, I'm just trying to beat the long bond.
    #10     Aug 16, 2011