How the CME’s New Micro E-Mini Futures Might Work to Your Advantage

[DirectMarketAccess]

I think it goes without saying that the Micros are meant for scalability and position/swing trading. Anyone trying to day trade these things are wasting their time.

 

[Overnight]

I think it goes without saying that the Micros are meant for scalability and position/swing trading. Anyone trying to day trade these things are wasting their time.

Disagree.

 

[JessieLivermore]

Swing trading in futures, I would argue, is day trading. 2 - 5 hours vs. 2 - 5 days in equities.

Scalping the Micros is too small change. So I would agree with Direct with that caveat / clarification.

 

[Overnight]

Swing trading in futures, I would argue, is day trading. 2 - 5 hours vs. 2 - 5 days in equities.

Scalping the Micros is too small change. So I would agree with Direct with that caveat / clarification.

Why is swing trading in Futures 2-5 hours? That's "day-trading". They very definition of swinging is long term. Why would it matter if it is an individual stock, or the whole index?

 

[Overnight]

Swing trading in futures, I would argue, is day trading. 2 - 5 hours vs. 2 - 5 days in equities.

Scalping the Micros is too small change. So I would agree with Direct with that caveat / clarification.

And scalping the micros is small change? Just trade a 10-lot. Watch how small that change can be when the thing moves in a direction for 40 points. What is the big difference between that and a single in the mini? (Aside from the commies, yes Oi)

 

[Pkay]

Price Action 6-4-2019 chart 5 min.

If a trader has a small account here is an example of how to make $155.00 before comm scalping the MES. Depending on a traders RT comm costs he would clear 120.00 to 130.00 in first hour trading.

Context: Open Gap up. In addition price opens above MA's = buying pressure present.

Tactic: can go short or long as market settles in but keep in mind long is where the pressure is. If shorting do not follow too far. Safer going long. Can average in or down to losing position but if shorting get out quickly on any profit. Don't attempt to follow too far unless strong bear BO south.

Position size. Start with 1 contract. Average in on losing position at 1 point loss. Then third and contract fourth at 2 points..5th at around 4 points. Just get profit in wacks of 20 to 60 dollars and get out unless a trader wants to leave a couple runners long.

PS all bars have bears and bulls active.

Disclaimer: This is an example and for educational purposes only. Not trading advice. You can lose money trading futures.

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Thanks for this. When you say small account, just how small are we talking? $500 or so?

 

[volpri]

Thanks for this. When you say small account, just how small are we talking? $500 or so?

Well that depends on how I average down. 1 contract at a time. Two contracts at a time. Three...or different combinations.

But in general in the micro if I were going to consider 10 to 20 lots my max micro position then I think 5000 is a good figure. If just gonna trade 1 -3 lots max then I could get by with 2000 maybe 1500.

But I gotta know how to trade....and use SL’s in either scenario. And this applies only to scalping 1 to 4 points not overnight..not swing trading...NOTHING but intraday scalping or intraday two legged swings. Flat before day session ends.

 

[Overnight]

...

But I gotta know how to trade....and use SL’s in either scenario. And this applies only to scalping 1 to 4 points not overnight..not swing trading...NOTHING but intraday scalping or intraday two legged swings. Flat before day session ends.

That is the same trap I fell into when averaging into the minis. Since the micros are the exact same thing, yer just facing the same inevitable disaster, just on a 1/10th scale.

 

[volpri]

That is the same trap I fell into when averaging into the minis. Since the micros are the exact same thing, yer just facing the same inevitable disaster, just on a 1/10th scale.

It doesn’t have to be a trap. If it goes against a traders averaged in position x amount he should simply exit ALL Positions immediately then double or triple up and go in the opposite direction. It only a disaster if a trader hangs on hoping it will come back.

 

[Overnight]

It doesn’t have to be a trap. If it goes against a traders averaged in position x amount he should simply exit ALL Positions immediately then double or triple up and go in the opposite direction. It only a disaster if a trader hangs on hoping it will come back.

It won't work. If it doesn't work in the micro, it won't work in the mini.