Why lower TF /NQ chart is smoother than /ES?

Discussion in 'Index Futures' started by heispark, Jun 16, 2019.

  1. heispark

    heispark

    Even though the daily volume of /ES is much bigger than /NQ, why 1 minute chart of /NQ is smoother than /ES? It doesn't make sense to me. For extreme scalpers, is /NQ better than /ES?

    2019-06-17_00-09-53.png

    2019-06-17_00-12-21.png
     
    SimpleMeLike and murray t turtle like this.
  2. tick increment .10 vs .25 makes a huge difference in smoothness.
     
    Lou Friedman likes this.
  3. tiddlywinks

    tiddlywinks

    IOW, based on the above, tick increment has nothing to do with smoothness of the example...

    ES trades in .25 pt increments.
    NQ trades in .25 pt increments.
     
    metatrader54 and MarkBrown like this.
  4. speedo

    speedo

    Last week was low volume range trade and not a good sample. Sometimes are better than others in either market. Pick which one you like and accept that or become proficient at trading multiple markets.
     
    NQurious and murray t turtle like this.
  5. I have not (yet) done an in depth comparative study of the two, but ES looks just as 'smooth' to me.
     
  6. wrbtrader

    wrbtrader

    Usually when the overall volatility is low or ranging...the Emini ES futures will be less smoother on small time frames like the 1min chart you're using.

    You may not have been trading Emini ES long enough to see how it relates to NQ when volatility is high, volatility is low versus volatility that's ranging. Volatility impacts the smoothness of the price action more than volume.

    Also, I always thought scalpers were DOM readers/traders...not chart readers/traders or at least they used the DOM/market depth with their chart analysis ???

    wrbtrader
     
    Last edited: Jun 16, 2019
    heispark likes this.
  7. %% NOT sure i would call either one ''smooth'', not compared to stocks. NQ + QQQ has always tended to trend >> %, but even that may not be true every day ;it is today, 5X times >>>>>% .[NQ=5x % than ES ; NQ 0.68% compared to ES 0.12%] . As of am/pre lunch anyway:cool::cool:
     
  8. southall

    southall

    NQ tick size is much smaller as a percentage of the price.

    Basic maths: 7500/0.25 allows three times the space of 2800/0.25

    So NQ chart will be 3 times smoother than ES.

    Now if ES had tick size of 0.1 instead of 0.25 then both charts would have similar smoothness.


    Also volatility plays a part. ES is less volatile even if were priced about the same and had the same tick size. The NQ chart would have a wider range.
     
    Last edited: Jun 19, 2019
  9. tiddlywinks

    tiddlywinks


    WTH are you talking about?

    So based on your silliness, YM is 26000/1 ... so 3.5 times smoother NQ. LOL

    According to you the nominal value of the index, and not the underlying components of the index create "smooth".

    Its hot outside, I understand.
     
    Last edited: Jun 19, 2019
  10. southall

    southall

    You didnt grasp the basic math i posted in my reply

    NQ = 7500/0.25 = 30,000 ticks in total at the current price. So more smooth than YM which is 26,000. ES is only 11000 ticks to the current price level.
     
    #10     Jun 19, 2019
    MarkBrown likes this.