A quick look at the US indexes

[Gabfly1]

Quote from volente_00:

The $ difference is one of the reasons I swithed from ym to es.
The other was the whipsaw (noise) in YM due to low liquidity.

Okay, I understand the YM whipsaw comment. (I think it also applies to TF somewhat, until its average volume reaches a higher level.) However, NQ is not as whippy, and it has a better daily-range-to-tick-size ratio than ES. So, if you've read the first post, I think there's real value in that metric. Wouldn't you agree?

 

[killthesunshine]

Quote from Gabfly1:

Okay, I understand the YM whipsaw comment. (And I think it also applies to TF somewhat, until its average volume reaches a higher level.) However, NQ is not as whippy, and it has a better daily-range-to-tick-size ratio than ES. So, if you've read the first post, I think there's real value in that metric. Wouldn't you agree?

Have you looked at light sweet crude? Better than NQ. i agree YM sucks

 

[Visitors]

threads like this really show you who the real traders are on ET

these are things only real traders care about

noobs and non traders don't care for this because they don't know that they should

 

[Gabfly1]

Quote from killthesunshine:

Have you looked at light sweet crude? Better than NQ. i agree YM sucks

Yes, crude is mesmerizing. However, I have not yet been able to adapt the manner in which I trade to CL. Unfortunately. Further, this thread is about indexes.

 

[killthesunshine]

Quote from Gabfly1:

Yes, crude is mesmerizing. However, I have not yet been able to adapt the manner in which I trade to CL. Unfortunately. Further, this thread is about indexes.

why are you so mesmerized by the emini indexes? esp NQ?

what do you see in the NQ?

have you looked at the russell 2000?

 

[Gabfly1]

Quote from killthesunshine:

why are you so mesmerized by the emini indexes? esp NQ?

what do you see in the NQ?

have you looked at the russell 2000?

NQ "works" for me better than any other market in that I find it to be more reliable for my purposes. And while reliability is not the only measure to consider, it figures prominently for me.

I have already commented on TF in my first post. It provides the best "value" among the indexes based on my previously described metric. However, to me, it is a lot like YM in its price action, although with a better metric. I don't find the setups to be quite as reliable, much as with YM. Perhaps when volume rises over time, it will be less herky-jerky at the turns. Then I will have another look.

 

[killthesunshine]

Quote from Gabfly1:

NQ "works" for me better than any other market in that I find it to be more reliable for my purposes. And while reliability is not the only measure to consider, it figures prominently for me.

I have already commented on TF in my first post. It provides the best "value" among the indexes based on my previously described metric. However, to me, it is a lot like YM in its price action, although with a better metric. I don't find the setups to be quite as reliable, much as with YM. Perhaps when volume rises over time, it will be less herky-jerky at the turns. Then I will have another look.

fair enough.

Do you swing NQ or daytrade it?

 

[Gabfly1]

Quote from killthesunshine:

fair enough.

Do you swing NQ or daytrade it?

I think "intraday swing" would best describe what I do.

 

[killthesunshine]

Quote from Gabfly1:

I think "intraday swing" would best describe what I do.

how many trades a day?

 

[Gabfly1]

Quote from killthesunshine:

how many trades a day?

I easily get a dozen or so setups a day. However, I don't take them all, as I avoid the "lower quality" ones. Although I haven't done the math, I think I'd probably do better if I took them all. (For what it's worth, on the plus side, I never enter in the absence of a setup due to impatience or whatever.)