Price action , support resistance does not work in ES

[wrbtrader]

The ES is simply the hardest instrument to trade. (Almost) nothing works there, for various reasons. Why people flock to it ... well, yeah, right, there is a whole industry out there telling gullible newbies that the ES is easy to trade. People doing that are either lying or totally clueless.

Emini ES is arguably the most marketed trading vehicle by Brokers among futures and it typically has low margins. Just as important, its one of the most discussed trading vehicle at trading forums or social media about Futures.

That's the reason why many traders are attracted to it especially those with small trading accounts.

wrbtrader

 

[Scataphagos]

The ES is simply the hardest instrument to trade. (Almost) nothing works there, for various reasons

1. The ES is difficult... not because it's cryptic... most of "trouble" is between the ears of traders.

2. "Nothing works"?. Completely wrong notion. (You apparently haven't figured out what works and how. See "point #1".)

 

[maxinger]

The ES is simply the hardest instrument to trade. (Almost) nothing works there, for various reasons. Why people flock to it ... well, yeah, right, there is a whole industry out there telling gullible newbies that the ES is easy to trade. People doing that are either lying or totally clueless.

go and try playback yesterday NQ, ES and Nikkei.

Then you will notice the huge difference among those instruments

 

[IamTheCasino]

The ES isnt that difficult. Blame the trader, not the market.

 

[CALLumbus]

The ES is simply the hardest instrument to trade. (Almost) nothing works there, for various reasons. Why people flock to it ... well, yeah, right, there is a whole industry out there telling gullible newbies that the ES is easy to trade. People doing that are either lying or totally clueless.

You think it is as easy as discovering something magic and then voila, this works and you just print money ? Everything works, as wiesman02 said. You have to learn when and why. You have to get a feeling for it. THAT is trading.

 

[SunTrader]

Emini ES is arguably the most marketed trading vehicle by Brokers among futures and it typically has low margins. Just as important, its one of the most discussed trading vehicle at trading forums or social media about Futures.

That's the reason why many traders are attracted to it especially those with small trading accounts.

wrbtrader

IMO more so the latter. It's what they want ... until they get it.

But would point out margins are lower for Russell and Dow. eMini is only lower than Naz.

 

[Laissez Faire]

The ES is simply the hardest instrument to trade. (Almost) nothing works there, for various reasons. Why people flock to it ... well, yeah, right, there is a whole industry out there telling gullible newbies that the ES is easy to trade. People doing that are either lying or totally clueless.

What's the easiest market to trade, then?

I'd love to trade that market instead.

 

[Scataphagos]

You think it is as easy as discovering something magic and then voila, this works and you just print money ? Everything works, as wiesman02 said. You have to learn when and why. You have to get a feeling for it. THAT is trading.

New traders expect/hope there is some simple thing they can learn to "just open a brokerage account and get into the trading game to make money easily".... like "buy/sell a moving average cross", or "buy oversold, sell overbought". Much more to it than that. (If it were really easy to grasp, there would be no trading at all. EVERYBODY would want to make the "correct" play and anybody stupid or naive enough to take the other side of the trade would soon be out of money.)

 

[speedo]

The issue is not the ES or any PA principles. The issue is you don't know what you are doing or you wouldn't make such an absurd statement.

 

[Scataphagos]

The issue is not the ES or any PA principles. The issue is you don't know what you are doing or you wouldn't make such an absurd statement.

That's the problem. We get a bunch of inexperienced traders on ET who claim, "something doesn't work" just because they haven't figured it out. I dunno. People figure it out when they do, or not.