What's it like to be an ES scalper these days?

Discussion in 'Index Futures' started by SoesWasBetter, Aug 1, 2017.

  1. algofy

    algofy

    Yeah I think I captured net 5 ticks, I'll take it as slow as it was. Was nice stepping back from the madness of CL for a day.
     
    #21     Aug 3, 2017
  2. speedo

    speedo

    I don't mind slow and fewer opportunities as you can throw more logs on the fire. The challenge is to stay awake :D
     
    #22     Aug 3, 2017
    Trader447 and algofy like this.
  3. Have patience while waiting for a breakout from the diamond pattern it's in. S&P.JPG
     
    #23     Aug 4, 2017
  4. alanack

    alanack

    Pallindrome, just wondering what some of these other futures contracts with solid setups might be. I have no experience watching anything but the indexes, but like many here here, I miss the days of significant volatility. Thanks!
     
    #24     Aug 6, 2017
  5. wrbtrader

    wrbtrader

    There use to be two magazines that publish statistics on the top 10 - 20 liquidity trading instruments and top 10 - 20 volume trading instruments in the world.

    Stocks & Commodities magazine did the monthly lists and https://fimag.fia.org did the annual lists. Both no longer do these lists and both got their information from the same source. I think they and other websites stopped publishing the information between 2008 - 2010...strangely during the global financial fiasco.

    Unfortunately I can't remember the source of those lists nor can I find it online after an extensive research.

    In contrast, the CMEGroup produces a "quarterly" list based on average daily volume in their own markets...not Asia futures or Europe futures.

    http://www.cmegroup.com/education/files/cme-group-leading-products-2017-q2.pdf

    Yet, if you're trading size...you obviously would be more interested in "liquidity" ranking list instead of "volume" ranking list. Yeah, I discover the difference in the rankings when comparing both lists (liquidity vs Volume)...often huge differences such as some trading vehicles made the rankings on the liquidity top 10 list and then were ranked in the top 11 - 20 volume lists or vice versa depending upon the trading vehicle.

    With that said, the only way someone can answer your question about "what are some of theses other futures contracts with solid setups"?.

    That person would need to be trading "all of them" and then reveal the "solid setup" and reveal when the solid setup was tested or applied. :D

    Simply, your question is almost impossible to answer what would you do if they say something like the "3 month Euribor Interest Rates" ?

    I say that because I do remember the Euribor Interest Rates was usually (most of the time) on the top on those ranking lists prior to 2008 while Emini ES futures was usually in the top 10 on those lists. These lists typically used metrics like liquidity, volume and open interest....every month there were changes in the top 10 via usually 3 - 4 trading vehicles due to global changes in supply/demand and macroeconomics.

    The lists (not a ranking) usually contain the following:
    • Crude Oil
    • S&P 500 Emini ES
    • Euribor Interest Rates
    • Brent Crude Oil
    • EuroDollar
    • Short Sterling
    • Xetra Dax
    • Natural Gas
    • German Euro Bund
    • Heating Oil
    • 10 Year Treasury Notes
    • German Euro BOBL
    • Libor 1 month
    • Sugar - World #11
    • RBOB Gasoline
    • 5 Year Treasury Notes
    • Gold
    • 30 Day Federal Funds
    • CAC 40
    • US Treasury Bonds
    • Corn
    • Canadian Dollar
    • Japanese Yen
    • Wheat
    • Nasdaq 100 Emini NQ
    • Soybeans
    • Copper
    • Soybean Oil
    • Silver
    • Cotton
    • Cocoa
    The Russell 2000 Emini RTY (TF) use to be in the top 5...up there with Emini ES futures. Unfortunately, when it switched from the CME exchange to the ICE exchange...in declined every month until it no longer made the ranking lists. It was usually in the top via the symbol ER2 (CME symbol) before it became TF (ICE symbol) and now its back on the CME as RTY.

    Also, there was a list (no longer available since 2009) out of Europe and it had the Hang Seng futures consistently in the top 10 while at the same time on the U.S. liquidity rankings...Hang Seng futures was not listed. I use to send emails to magazines like Stocks & Commodities about that issue...never got a reply. :(

    By the way, a solid setup (profitable) for one may be a losing setup for another. :D

    I would be grateful if someone out there know of a website that published current monthly liquidity info of all trading vehicles in the world...ranking them. A top 10 or 20 rankings would be great.

    Thanks

    P.S. December 2013 monthly Liquidity list by Stocks & Commodities @ http://traders.com/Documentation/FEEDbk_docs/2013/12/FutLiq.html
     
    Last edited: Aug 6, 2017
    #25     Aug 6, 2017
    ThunderThor and speedo like this.
  6. tiddlywinks

    tiddlywinks

    @wrbtrader

    FIA magazine changed it's name to MarketVoice.
    It is available in print and digital. Registration is required.
    Annual (global) volume analysis (instrument, exchange, etc) is still published.

    http://marketvoicemag.org/
     
    #26     Aug 6, 2017
  7. speedo

    speedo

    Futures Magazine, now Modern Trader publishes this information as well.
     
    #27     Aug 6, 2017
  8. algofy

    algofy

    Ah the classic diamond pattern.
     
    #28     Aug 6, 2017
  9. comagnum

    comagnum

    I would think that most scalpers are the scalped. The days of trading against another human are long gone. Yea, I know there are some DOM click traders killing it - I would think they are very few and far between.
     
    #29     Aug 6, 2017
  10. Trader447

    Trader447

    I must be trading another ES. I trade my edge between 7am-12pm CST. Profits have been great.
     
    #30     Nov 25, 2017