Watching VIX while trading ES

[Laissez Faire]

I recently started trading ES ...

I have been watching the NQ as well, however in found this more distracting instead of being helpful.

I get all my signals from ES, but like to watch NQ and the NYSE TICK for support.

Generally, for a strong move, you'd want participation among all the indices. If ES is making a new high, but NQ is well below the HOD, I'd be very cautious and look for ES to print a top. Or if you want to short the ES, but NQ is picking up upside momentum - be careful.

The TICK can offer come clues too.

 

[wrbtrader]

I recently started trading ES while keeping an eye on the VIX to get an extra idea on what direction ES might go to.

My broker (currently still CFD), is only offering VIX futures CFD, not a chart of the VIX index. Now i have also discovered that the VIX futures and VIX index can move quite different from each other.

What are other traders here watching while trading ES? The futures or the index?

Donald Trump

 

[NewTraderAdventure]

Mark Brown

is a congenital idiot, and never misses the chance to prove it

 

[NewTraderAdventure]

really, the moron Brown saying vix doesnt matter

he should be banned from the site and sent back to broken down shack he lives in

 

[FTDK]

I only trade around predefined levels which change everyday.

From what i have seen so far it could be very helpful seeing what the VIX is indicating when ES reaches my levels of interest. The tick is something i have been watching before and can give some clues as well.

I will try to add NQ again and i will also study the bonds in reaction to ES.
Thanks for the advice so far.

 

[redman]

It is important....

 

[rudi20]

While trading ES I watch SPY and several alternate ES feeds from different data providers and CFDs.

In terms of other markets I will watch QQQ, XLF, IWM, plus whichever global market is in session, e.g. Shanghai Composite or FTSE. Depending on time and news, ES will often follow whichever market is more important and leading at the time. But this is basic trading strategy and not specific to ES.

I do not find watching the VIX helps much, but watching the price of SPY options relative to SPY is much more helpful. Here you get the benefit of volatility, price and trader sentiment all displayed in the price difference between SPY and the option.

 

[NewTraderAdventure]

for midnight trading I watch how SPCE trades as signal

 

[PoopyDeek]

what people really need to know is when to trade long and when to trade short, that is what they need to focus on. when i hear vix my eyes roll in flashback's of countless hours exhausted with a cray no less which is like 1mm man lifetimes, lol.

Right, Bro. As if you've ever been in the same room with a Cray. I am certain you stressed the Cray with your MC sims and short puts.