ES Journal - 2023/2024

[p0box4]

How many of you ES traders are also looking at other indexes such as NQ or YM? Do you also trade other indexes or ES only?

Do you use it to make trading decisions when there are for example divergences, for confirmation of trend or price action, ...?

Or did you decide to focus on ES only because other indexes were distracting you from trading ES?

I am going to do a bit of testing myself over the weekend and was wondering how other traders here use or view other indexes in relation to ES.

 

[mervyn]

How many of you ES traders are also looking at other indexes such as NQ or YM? Do you also trade other indexes or ES only?

Do you use it to make trading decisions when there are for example divergences, for confirmation of trend or price action, ...?

Or did you decide to focus on ES only because other indexes were distracting you from trading ES?

I am going to do a bit of testing myself over the weekend and was wondering how other traders here use or view other indexes in relation to ES.

equities, rate and energy, 7 instruments on regular basis. buy no, equities go the same directions mostly because the major components are the same.

 

[schizo]

How many of you ES traders are also looking at other indexes such as NQ or YM? Do you also trade other indexes or ES only?

Do you use it to make trading decisions when there are for example divergences, for confirmation of trend or price action, ...?

Or did you decide to focus on ES only because other indexes were distracting you from trading ES?

I am going to do a bit of testing myself over the weekend and was wondering how other traders here use or view other indexes in relation to ES.

I only look at ES. They all pretty much move alike anyway. One thing I have noted, however, is that when there is a reversal, I can usually spot the reason (eg. support level) on ES but not on others. They don't line up like in the ES. Just my 2-cents, might be different for others.

 

[mervyn]

I only look at ES. They all pretty much move alike anyway. One thing I have noted, however, is that when there is a reversal, I can usually spot the reason (eg. support level) on ES but not on others. They don't line up like in the ES. Just my 2-cents, might be different for others.

comp 5 minutes nq and es, almost perfect trend.

 

[Bad_Badness]

ES provides all I need. The liquidity is there. The tick size is there. After the pit closed e-mini was high volume, then it saw big drop as traders went into currencies. Now it is pretty constant. I used to look at NQ, YM, TN, but saw limited value, and just was too much work to track, correlate, and trade. The old adage about trading what you see. I all can see is ES, on the back of my hand and in my sleep.

 

[schizo]

comp 5 minutes nq and es, almost perfect trend.

This morning 5M of ES/NQ. As you can see, ES retraced up to the previous level. But NQ is in no-man's land. This is what I've observed in the past. Certainly, not always but enough that I just stick to ES. In that regard, whenever I trade NQ, I often look at ES to make the trade.

 

[mervyn]

This morning 5M of ES/NQ. As you can see, ES retraced up to the previous level. But NQ is in no-man's land. This is what I've observed in the past. Certainly, not always but enough that I just stick to ES. In that regard, whenever I trade NQ, I often look at ES to make the trade.

View attachment 348402

the direction of travel is close enough to make the trade, profit target is discretionary. also on my other screen i have the m7

 

[schizo]

the direction of travel is close enough to make the trade, profit target is discretionary. also on my other screen i have the m7

What's m7?

BTW my point is that you wouldn't have known why price reversed just by looking at NQ.

 

[c1rcle]

What's m7?

BTW my point is that you wouldn't have known why price reversed just by looking at NQ.

MSFT, AMZN, META, AAPL, GOOG, NVDA, & TSLA

 

[schizo]

MSFT, AMZN, META, AAPL, GOOG, NVDA, & TSLA

Ahh, those AI whores (sorry for the language)

In any case, does monitoring MORE give you an edge (higher predictive value, for example) over watching just one? Personally, I haven't found any. When I used to do this earlier in my career, it only made me doubt myself (analysis payralysis).