Russell will remain on CME through SEP08 contract.
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switching from ER2 to ES
- Thread starter bandit77
- Start date
And don't expect the same bang for buck you've been getting in the ER2 when you go ES.. you may find you are not even profitable with the same strike rate
It doesn't work, you want it to because the grail is such a lovely tale.. but you are just setting him up to loseQuote from hypostomus:
Bandito, pay no attention to the distractors. Go to the Journals section and look uo "Spydertrader's Jack Hershey Futures Trading Journal". All will be revealed. The assholes who just posted don't want you to learn it and take away some of the money they are raking in trading it.
Quote from Baron Von Espy:
And don't expect the same bang for buck you've been getting in the ER2 when you go ES.. you may find you are not even profitable with the same strike rate
finally, thank you Baron. Yes, that's one thing that worries me. ES also seems to move much slower, due to the liquidity.
Quote from Baron Von Espy:
Then it is worth repeating.. don't expect the same bang for buck you've been getting in the ER2 when you go ES.. you may find you are not even profitable with the same strike rate
what's most likely to happen is I will continue trading ER2, but after I finish ER2 for the day, ie at a good stopping point, I will trade 1 ES contract to get use to its movements.
Again, I encourage you to try NQ. There is an ample literature here of working systems by Joe Doaks and N.Q. Enqueue for you to try.
bandit,
I traded the ER2 (while back) and have since mainly traded the ES. For me, it was a good switch.
Some differences you will see:
> volume obviously
> wild spikes not as noticeable as on the ER2
> certain levels defended more heavily, ie certain analysis can lead to easier trades due to the volume and heavy hitters trading the ES
It's a different market in comparison to the ER2 for sure. Depending on trading methodology, this can be good or bad.
I traded the ER2 (while back) and have since mainly traded the ES. For me, it was a good switch.
Some differences you will see:
> volume obviously
> wild spikes not as noticeable as on the ER2
> certain levels defended more heavily, ie certain analysis can lead to easier trades due to the volume and heavy hitters trading the ES
It's a different market in comparison to the ER2 for sure. Depending on trading methodology, this can be good or bad.
Quote from bandit77:
I trade ER2 now, but want to switch to ES for the liquidity. can anyone who has done the switch comment? I'm curious how long it took you to become consistently profitable in ES after the switch if you were consistently profitable in ER2? TIA
The ES totally rocks:
1-HUGE volume
2-Not going anywhere...the ER2 is going to ICE and IB already is not trading it...not looking good for the ER2
3-"thick" at the given price levels..not "whip prices" with no real volume at it
4-you can throw up to 500-1,000 contracts at it and no slippage...I've not done it but heard you can...
5-News on the SP 500 is all over, all over...the top 500 US companies are in it...
5-really, unlimited potential of income trading the ES as there are no volume concerns at all...
Yes...the ES is the BEST!!!...the ER2 will be going the "way of the buffalo" soon...