Trading YM

[nkhoi]

Quote from newguy05:

thanks guys!

1) nkhoi, what is $tiki in ninjatrader? Is that just an index for the dow 30 stocks? i tried searching for that keyword but cant find anything. I am using zenfire future feed from mirus trading, does that contain $tiki data

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depend on your data feed they may not offer $TIKI, try http://www.quote.com/qc/livecharts/default.aspx

 

[RiceRocket]

If you trade YM, you must keep and ES chart on your screen also. They trade together with a spread ratio.

 

[whitster]

the YM and the ES to SOME extent trade together.

last i checked, the correlation was over .9

the YM is price weighted. the ES is cap weighted fwiw.

also, the ES is a proxy for the S&P pit contract which is where the big money plays. it is THE supply/demand vehicle for institutions, both for hedges and for position.

i agree about watching the ES.

i almost NEVER trade ES. i mostly trade YM. but you can be damn skippy i watch ES.

i've never found a lot of utility in the TIKI. i am sure some do. i far prefer NYSE:TICK. that works significantly better for me fwiw. ymmv

 

[healthynfit]

I go in at the market. . . but only at key technical set-ups . . . at key breakout points. I rarely have slippage.
Grabbing 4-5-6 points per trade is OK . . . and doing that 3-4-5 times a day.
Bruce
Toronto