Overnight margin is around $3500 vs $4000 for the ES. Day margin is half. Volume is not even close to the ES, more in line with the YM. Go to the CME web site for average daily volume. I only trade 5 lots at a maximum, but on a day like Tuesday where you get 7.5 points, a 5 lot is fine by me. It's really a great vehicle for those that "tick trade" and use the avd/dec and Mc Osc. BTW, during the Nov-Mar time frames, the ER really scoots compared to the ES. It's usually a great spread trade during that period.
Yes, using MD would be silly for the ER. I'm pretty sure that MD is only useful for the highest volume markets.
You can still see some good trade set-ups, but the commercial players order flow at times can throw in abnormal spikes.....not as effective then.
I could be off here, but it looks like Avg Daily Volume this summer was: ES: >500,000 NQ: 200,000-250,000 ER: 200,00-250,000 YM: 150,000-200.000
ER2 had a lot of extra commercial action this summer when the highs in May were sold off....the average volume on the ER2 is now probably lower than the NQ again.
Yea, you're right: I don't know if esignals volume numbers are correct: The past three days ESZ6>1 million NQZ6=300k-400k ERZ6=200k-300k YMZ6=100k
Yea, you're right: I don't know if esignals' volume numbers are correct: The past three days ESZ6>1 million NQZ6=300k-400k ERZ6=200k-300k YMZ6=100k
Yes that looks more normal as I suspected. Time to SHORT the "shift" with the days cumulative delta still negative............ http://www.charthub.com/images/2006/09/14/ES_317_VB_3.png
Oh well Anyone playing the S&P 500 rebalancing happening after market? Any information you can add about this? Thanks
Wow....that was quick........ http://www.charthub.com/images/2006/09/14/ES_317_VB_4.png The YM and NQ all dumped together as the ES delta shift hit......that was a textbook set-up to jump in fast.