I have been doing some research into swing trading the ES/NQ. One system I am looking at uses a single EMA on 30 min charts. It has several years of backtesting and looks to average 2-3 ES pts per day. On one hand, this seems paltry. The travel range of the ES yesterday was something like 126 points. On the other hand, a positive expectancy system - even at this level - would lend itself to position sizing strategies that could make such a system very profitable over time. People keep saying "the big money is in the big moves". I would like to hear from any ES/NQ swing traders out there. Is this about the average return on swing systems? Any input on the types of swing strategies that lend themselves to the ES/NQ? One thing the Perry Kaufman book made clear was that most trend following strategies were losers with the S&P. Would I be better off just trying to make a couple high probability daytrades each day to net a couple points without the overnight risk?