Selling weakness/buying strength ES vs NQ

Discussion in 'Trading' started by illiquid, Sep 25, 2002.

  1. Anyone put on a long NQ, short ES spread for the action so far today? What would the correct ratio be?
  2. joe90


    2 NQ to 1 ES is the approximate ratio based on the point value risk for each. (2.5 to 1 actually).
    Opened a spread position at the open based on the relative strength of the gap ie stronger than ES
    Exit around 10:30am on the retrace. Pretty rangebound action today so nothing too spectacular.