ES Journal - 2023/2024

image.png
 
Cessna06P said:
Just FYI Gold hits all time high today in $US.
More...
Looking at the weekly /gc chart there have been two tests of this level in the last two years, all of which ended in blowoff top candles. This weeks candle looks strong. We will see if it has legs.
 
Concinnity said:
It doesn't really matter overall to me. Currently trading NQ/MNQ mainly but trading MNQ/MES/MCL and in the future will be trading YM and RTY as well, it's just without some help from automation I am information overloaded trying to trade more than 1, 2 max at a time. Just can't add up all the time frames and information in time to get highest probability trade. Sure that isn't necessary and I can just use a few charts, but I am here for max consistency and exponential gains. ES, just in general seems like the most difficult one for me, but that could be more of a time thing for my brain, as oppose to actually being that different. It really isn't objectively, although for me the higher your understanding is and the more aggressive you trade, NQ is the superior vehicle, if nothing else than just my opinion.
More...

Humbly, you seem to be putting the cart in front of the horse.

If you can master NQ or MNQ - you just keep scaling your account, i.e., 1 new contract per every new X amount of dollar in your account. If you can do this, you're rich. And fairly quickly, too.

You don't need other instruments like ES/CL/YM/RTY if your focus and strategy is day trading.

Multiple instruments should only need to be considered if you're swing trading or maxed out the liquidity of your chosen market such that you can't take on more size. Most individual traders don't have that issue.
 
You must log in or register to reply here.
Back
Top