Quote from rolextrader:
...seriously, the ES is arguably the one of the most difficult instruments to trade. The professionals thrive off the amateurs taking every cent they have.
You might be better served cutting your teeth on something that trends more and oscilates less; a thinner market albeit one that is played by the amateurs like yourself.
Quote from Beezer-1:
Cany anyone suggest any futures markets that has these characteristics? Or perhaps FOREX pairs even?
I have spent some months trying to get things to work with the ES. Although I haven't met disaster or anything like that, I would welcome a change that better matches my current pace.
All markets trend or oscillates at one time or another.
However, if you're a trader looking for futures that mainly
trends and oscillates less...
Your best option is to be prepare to switch trading instruments frequently during the month to that what's HOT on the charts.
For example, one day you may be trading the CME EuroFX, another day the NYMEX Oil, another day the Gold, another day Treasuries, another day the Hang Seng, another day a particular Forex pair and then the Emini ES or Eurex DAX.
Just remember, you better be using a reliable trend method that doesn't give you false signals when markets aren't trending to prevent getting burnt when the HOT TRENDING market goes into oscillation mode.
Also, maybe the most important, learn how to recogize a trend and the most common reasons why trends start in the first place.
The point is that a good trend trader isn't married to one trading instrument although I do personally consider bouncing from one trading instrument to the next hot set of legs is a very stressful type of trading to be doing although seductive.
Last of all, where have you been while Emini ES has been
trending since
July 13th Monday 2009. Therefore, if your trend method has not been exploiting that trend price action...something is wrong with your entry signal or trade management after entry.
Mark