When is micro emini available on IB?

Discussion in 'Retail Brokers' started by trader99, May 3, 2019.

  1. heywally


    These are trading "cleanly" this morning at IB. The volatility today is a nice test ....
    #41     May 6, 2019
    trader99 likes this.
  2. trader99


    Traded MNQ for the first time. Made a total net $100, which is a rounding error for me. But more importantly, I'm using it to practice trade without the larger P&L swings of the full contract.

    I wanted to practice holding onto winners longer. And I was able to hold for 30 NQ points! For the full contract I would have gotten out way earlier seeing the big P&L swings.

    Neverthless, I realized index futures move too fast. The reversals can be nasty. So it's still good to practice getting at local minima/local maxima even though you know the trend will continue. Then re-short or re-long at the pullbacks or resistance. Sitting through that noise is difficult even on MNQ. It's a lot easier to sit through the publlbacks MNQ.
    #42     May 7, 2019
  3. heywally


    Yep. You can avoid a lot of the stop outs (that take hard dollars out of your capital) with the NQ by using MNQ with minimal contracts and a very wide stop. Treat it like a retail inventory system that you are buying some when cheaper and selling some when more expensive. Do this with scaling. An oversimplification for sure but that's what works best for me for a timeframe longer than 1 day. And no, I can't quantify that but then again, I am aware that using indicators is no more effective than using a simple bar pricing chart and I have 20 years of experience with the indexes.

    Unless you have several million to work with, there is too much risk in say, scaling into 5 NQ's. That's 750K of market exposure, something you don't want in a disaster scenario (something that humans are certainly capable of.)
    #43     May 7, 2019
    trader99 likes this.
  4. they don't, they just talk and pretend they trade
    #44     May 7, 2019
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    #45     May 8, 2019
    trader99 likes this.
  6. trader99


    Been trading micros. They are a great tool to practice trading. I'm still working on improving my futures trading. More importantly, I wanted to practice particular patterns.

    So far, that has been somewhat effective. But a certain patterns I'm still not able to execute correctly even though logically and analytically I know they are correct.

    Fast moving breakouts. I usually try to enter before the breakout and wait then when it happens I just ride it. But when a fast moving breakout happen I can't seem to get in. I guess I've been burned in the past where I get in then that's the point of reversal or fast breakout. That's the one pattern I want to be fix with the micros.

    What I've been refining and getting better is exiting at a trend's local minima/local maxima. Then reversed the trade. For example short then at the local extreme cover. Wait for a reversal signal. Buy then go for the short term ride.

    In the past, if I held onto the original short it would reversed very nastily! Then I would cover at the worse possible point and give up a lot of open profits. Then ,of course, after covering it would resume it's normal downward trend.

    But philosophically, on one of my sim account I have been short a few days ago and holding. Making way more money. I guess I can see patterns on a daily candles but it's hard to stomach all the pullbacks. So I end up trying to do intraday trend trading which has been extremely difficult to master.

    just some reflections
    #46     May 9, 2019
    jl1575 likes this.
  7. heywally


    The M2K might not be a bad way to go with those practice runs. Less cash at risk and the movement on it is good enough during volatility to create some quick profits. A bit wider spreads but not bad.
    #47     May 9, 2019
    trader99 likes this.
  8. trader99


    talking about spread. The after hour spread on MNQ is 14 points! LOL
    #48     May 9, 2019
  9. Overnight


    You just need to know how to play that ladder.
    #49     May 9, 2019
    trader99 likes this.
  10. heywally


    Never saw anything like that. Are you sure that wasn't the shut-down time?
    #50     May 9, 2019