Interesting comment TD. What did you develop your approach upon. ie ...The only thing that I know is intraday trading the ES ( leaving aside position Fx futures) If I know anything at all about day trading it all comes and only comes from ES observations. Were I to try say NQ, I would dump my ES approach and start from scratch with the NQ order flow ... this is not going to happen I can assure you. regards f9
I can only speculate why NQ might be better for me than ES. However, I know from experience that my NQ setups are more reliable, and I am better able to control the loss on a trade gone sideways (or the wrong way). Perhaps it is just a matter of method and personal preference. One thing that makes me feel vaguely uneasy is that the tick size for ES is disproportionately larger than its full-sized counterpart. Others have put forward the argument that this discrepancy enables arbs to benefit at the expense of other traders. Although I am not well versed in these matters, I don't readily see a flaw in that argument. On the other hand, NQ's tick size is exactly proportionate to its full-sized counterpart. Consequently, that kind of arbing opportunity is not present and I am therefore not subject to such a disadvantage. Again, I don't know if this has any bearing on NQ giving me more reliable setups. I'm just trading the market that is presently the friendliest to me.
99.44% ES. While I generate the vast majority of my profits from trading the ES, I do, on rare occassion, trade Equities. In addition, I have traded Forex (EUR / USD) only once - late at night while chatting with ElectricSavant. - Spydertrader
Hey, how is ElectricSavant, and what happened to him anyway? He used to post here and then...he didn't.
ES/NQ about 80% Swing in Commodities 15% Swing Equities 5% Anek The thread has been closed by the original poster.