Price action , support resistance does not work in ES

Discussion in 'Index Futures' started by spudpei, Feb 26, 2021.

  1. wrbtrader

    wrbtrader

    Emini ES is arguably the most marketed trading vehicle by Brokers among futures and it typically has low margins. Just as important, its one of the most discussed trading vehicle at trading forums or social media about Futures.

    That's the reason why many traders are attracted to it especially those with small trading accounts.

    wrbtrader
     
    #11     Feb 26, 2021
  2. 1. The ES is difficult... not because it's cryptic... most of "trouble" is between the ears of traders.

    2. "Nothing works"?. Completely wrong notion. (You apparently haven't figured out what works and how. See "point #1".)
     
    #12     Feb 26, 2021
    KDASFTG likes this.
  3. maxinger

    maxinger


    go and try playback yesterday NQ, ES and Nikkei.

    Then you will notice the huge difference among those instruments
     
    #13     Feb 26, 2021
    yc47ib, Overnight and Sprout like this.
  4. The ES isnt that difficult. Blame the trader, not the market.
     
    #14     Feb 26, 2021
  5. CALLumbus

    CALLumbus

    You think it is as easy as discovering something magic and then voila, this works and you just print money ? Everything works, as wiesman02 said. You have to learn when and why. You have to get a feeling for it. THAT is trading.
     
    #15     Feb 26, 2021
  6. SunTrader

    SunTrader

    IMO more so the latter. It's what they want ... until they get it. :)

    But would point out margins are lower for Russell and Dow. eMini is only lower than Naz.
     
    #16     Feb 26, 2021
    wrbtrader likes this.
  7. What's the easiest market to trade, then?

    I'd love to trade that market instead.
     
    #17     Feb 26, 2021
    murray t turtle and NoahA like this.
  8. New traders expect/hope there is some simple thing they can learn to "just open a brokerage account and get into the trading game to make money easily".... like "buy/sell a moving average cross", or "buy oversold, sell overbought". Much more to it than that. (If it were really easy to grasp, there would be no trading at all. EVERYBODY would want to make the "correct" play and anybody stupid or naive enough to take the other side of the trade would soon be out of money.)
     
    Last edited: Feb 26, 2021
    #18     Feb 26, 2021
    CALLumbus and meatyoaker like this.
  9. speedo

    speedo

    The issue is not the ES or any PA principles. The issue is you don't know what you are doing or you wouldn't make such an absurd statement.
     
    #19     Feb 26, 2021
  10. That's the problem. We get a bunch of inexperienced traders on ET who claim, "something doesn't work" just because they haven't figured it out. I dunno. People figure it out when they do, or not.
     
    #20     Feb 26, 2021