how to start futures trading (emini)
- Thread starter kashili
- Start date
Sorry on the image is not NQ but DX (USD index where EUR has 57.6% weight) .. it even explain better what EUR/USD has to do with ES (?????????? thaaaa)
Iam new here But I see lots of people talking with out any knowledge ... the guy never look to the market and says 6k is impossible (and is sure I will fail...)... another talks about 50$ per tick movement on ES ... not to talk about what I read before ... "100k minimum" lol
Last edited:
6k could work if ur good, but imo opinion trading correlations of EUR/USD to US indexes would be a fast way to lose it. How do you explain that on a number of days in the recent past NQ and ES have at times moved in opposite directions, they can't then both be correlated to the currency.....if you still want to do this go and back test 15 years, at times correlated to ES and other times not....how do you know when the correlations will start and finish?
For the last time...The EUR/USD has nothing to do with the ES. There is no correlation that can be "proftited" from. Think about it.
Ok .. my strategy is based on that and so for Iam going well. When the market is very volatile or when something is happening or important on the "table" like GREXIT, BREXIT .. elections etc the correlation is not clear ... but when the market is smooth and "normal" I can assure you I made lots of trades on that.
So you say DX (USD Index) has nothing to do with ES ?
When USD goes down it does not affect IBM, APPLE, Microsoft, etc ? If you have doubts just look at the charts ...
No, I typed that EUR/USD has no correlation with ES. Nothing to do with DX.
But if you want to bring DX into the mix? Check the DX-to-GC correlation. Now that is a sharpie! Wish they didn't flit off to ICE, or I'd have been studying that one closely.
DX should be one of the best indicators of USA economy ... If USA economy is not doing well ES will also reflect this ...
EUR has 57.6% weight on DX
The reason why DX is not used directly to make correlations with ES is because EUR/USD has much more liquidity (bigger force of opinion)... So EUR/USD is used instead of DX ...
anyway I arrest my case with this simple link:
https://www.google.co.uk/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=EUR/USD+SP500+correlation
And I still don't see the explanation why 6k is not enough to trade ES - day trading (of course not for long term trading .. for that you have CFDs... )
CFDs are not legal in the USA. Anyways, do what you will with your 6K. Give it a whirl, see what happens.
6k is enough for a well back tested Trading Plan for well seasoned trader, if you have not backtested over ten years doing handful of months in each year, I would not consider it well back tested, but that is me. Past six months in no way would I consider it enough time for me. HFTs are constantly in the ES and price moves 2-3 ticks very often, so using ATM, in real time can expect slippage or "where you think you will be filled" of this much, sounds good using 4 tick stops in a perfect world, but reality, be stopped out often by using ATM entries. I don't know how good sims are in ES or Ninjatrader 8. I advise starting sim with 5k and tripling three separate times. Open an account but don't trade and this way sim won't end.
USD and EURO generally go opposite past ten years, but you are totally off on ES having correlation with Euro based on last ten years. ES been going up 9 past years and Euro been going up five of them.
Euro Currency
ES
DX is not good indicator of our economy as the economy is actually horrible and USD has topped out.
USD and EURO generally go opposite past ten years, but you are totally off on ES having correlation with Euro based on last ten years. ES been going up 9 past years and Euro been going up five of them.
Euro Currency
ES
DX is not good indicator of our economy as the economy is actually horrible and USD has topped out.
I didn't "see" it anywhere: it's something I'm aware of from my own everyday trading. I don't quite understand what you're asking, to be honest.
Exactly so - and there are four "ticks" in one "point", which is why one point represents $50, as I mentioned.
Nobody talked about that.
You just weren't aware of the difference between "ticks" and "points" and therefore you misunderstood my post (and then misquoted what I'd said).
I know that you're pretty new to this forum, and I think that in the long run you may find the forum more beneficial to you if you don't routinely criticise fellow-members who are trying to help you by offering the benefit of our own experience - especially those of us who have been making our livings for some years by doing exactly what you're asking about.
If you see something you don't understand, or something that surprises you, asking for clarification may be a more productive avenue of approach for you than trying to ridicule the very people whose advice you're apparently asking for.
Last edited: