TF mini-Russell 2000

Quote from spd:

Seriously Incy, what kind of stop are you using on the TF? That insrument can whip you around like nobody's business. I think CL has less whipsaw and is more fun to trade.

You didnt find much success with gold, I dont see how you will have any consistency with the mini Russell.
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I started with a 1 point hard stop but was causing too much grief...have moved it to a 3 point hard stop...that 3 point stop is for 'worst case action' only...I really have a mental stop if time is clicking and not moving and do not want to be SHOT PUT in the other direction...this is a 'stop' in motion in that it is evaluated as the market is moving...

Really only trading the TF right now because of $$ considerations in my account...I do want to be again trading the CL and Gold...agreed, if I could, would be consumed with CL...but TF is almost equal as I noted...
 
Quote from jajuanm2:

Sounds good man, just stay with it and keep learning how it moves. You should be able to use a tight stop since you are trading at support and resistance levels and price action does not have to move too far to indicate if the trade is not working. Be patience and wait for the best setups with the trend of your time frame and you will be fine.
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thanks...that is exactly what I am trying to do!...example: today in a short position...market was halted...got out at break even...then re-entered for profit...thanks...
 
Quote from increasenow:

I really like the TF for great per point value $100 and per tick $10...also, has great high-low daily range and also low daytrade margins...IMO, blows away the ES, YM and NQ...
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in my view NQ ES TF YM they move all the same. so if you know what you do, why not choose the most liquid market (ES), and trade more lots?
 
Quote from moarla:

in my view NQ ES TF YM they move all the same. so if you know what you do, why not choose the most liquid market (ES), and trade more lots?
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I like to go with less lots and more per point, high-low daily range contracts...also, just never liked the ES...so, when you look at them all...per point and daily high-low range with just ONE contract...TF takes it hands down...
 
Quote from increasenow:

I like to go with less lots and more per point, high-low daily range contracts...also, just never liked the ES...so, when you look at them all...per point and daily high-low range with just ONE contract...TF takes it hands down...
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also, one can scale up to what, 2,3,4,5-10 TF contracts per trade and really no slippage...also, my r/t commissions for the TF are cheaper than ES...in the $5.00 per r/t range...cool for me...
 
Quote from moarla:

in my view NQ ES TF YM they move all the same. so if you know what you do, why not choose the most liquid market (ES), and trade more lots?
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ES offers the least amount of volatility relative to tick size. Unless you're trading serious size, I can't imagine why you would prefer it. Especially if they all move the same to you.
 
Quote from Gabfly1:

ES offers the least amount of volatility relative to tick size. Unless you're trading serious size, I can't imagine why you would prefer it. Especially if they all move the same to you.
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bingo and exactly...what do you trade Gabfly1?
 
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