What advantages does NQ over ES ?

[fearless9]

Quote from Businessman:

The number of ticks traded between the high and low of the day is much larger for NQ than ES.

This wasnt always the case, the spread on NQ has recently been halved.

This lowers the transaction costs on NQ over ES. Not so important if you only do 1 or 2 trades a week, but for an active day trader it can add up.

Depends on your day trading style, some styles work best with a wide spread, but for me its a disadvantage.

Thanks BM.
Do you care to expand your thoughts on this subject.

 

[fearless9]

Have I got this correct for the NQ

0.25 point = $5.00

 

[sucre_estave]

Quote from fearless9:

Have I got this correct for the NQ

0.25 point = $5.00

You are correct.

 

[fearless9]

Quote from sucre_estave:

You are correct.

Thank you SE

How many points would you expect to see in an intraday morning session leg on reasonable volume?
2-3 pts
3-5 pts etc etc

 

[fseitun]

Quote from Businessman:

The number of ticks traded between the high and low of the day is much larger for NQ than ES.

This wasnt always the case, the spread on NQ has recently been halved.

This lowers the transaction costs on NQ over ES. Not so important if you only do 1 or 2 trades a week, but for an active day trader it can add up.

Depends on your day trading style, some styles work best with a wide spread, but for me its a disadvantage.

Actually, transaction costs have doubled in NQ since its tick value shifted from $10 to $5.

If you want to reproduce the same type of value per tick as before, you now have to open 2 contracts on NQ, which doubles up your transaction costs.

ES is cheaper in that respect.

 

[fearless9]

Just been cruising over the NQ ... frisky little devil, seems to love volatility expansion.
Quite different to ES.

I will bait a little trap for the bugger tomorrow and see what happens.

 

[JohnBob]

Quote from fseitun:

If you want to reproduce the same type of value per tick as before, you now have to open 2 contracts on NQ, which doubles up your transaction costs.

Through last Friday, the average range so far in 2007 during RTH for the ES is about 11. That times 50$ is 550$.

Corresponding numbers for the NQ are 25.5 and (x 20$) 510$.

That ratio (550/510) is about 1.08. The ratio was 1.37 in 2005, but nothing approaching 2.0.

I guess I am suggesting the "value per tick" is not the key, but the "dollar range" is more important. Thus, you may be able to trade very near the same number of contracts as the ES if you choose the NQ.

JB

 

[porge]

the smoothness is th edifference...pts can be anhything u want them to be with multiple cars

 

[porge]

johnbob....here u r....with the smart mouth about the old folks home..i f u will drop by the home i will show u the 95% system ....not. Your disrespectful remarks were very out of line....just another wannabe lurker looking for free stuff.......

 

[murray t turtle]

Quote from JohnBob:


Through last Friday, the average range so far in 2007 during RTH for the ES is about 11. That times 50$ is 550$.

Corresponding numbers for the NQ are 25.5 and (x 20$) 510$.

That ratio (550/510) is about 1.08. The ratio was 1.37 in 2005, but nothing approaching 2.0.

I guess I am suggesting the "value per tick" is not the key, but the "dollar range" is more important. Thus, you may be able to trade very near the same number of contracts as the ES if you choose the NQ.

JB

============
Good points so to speak;
hi to low point weekly about the same ,ES about 25
NQ =45[this week]

Like the tick sze on NQ;
but am used to the trends in ES, so trade ES, out end of day