Which markets or instruments are you trading?

[Overnight]

I did a quick comparison this morning between ES and NQ looking at the sum of the daily RTH ranges in points/dollars per contract, # of major swings per day and the sum in points/dollars of the major swings. I only looked at 2023 from start to present day, Friday 26th.

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Oh blah, you have GOT to capture the major Euro session moves in there to be sure. Why limit yourself to action constrained to stocks? Yer missing a bunch of movement afforded to you with the futures advantage.

Do the same calculations you did before, but set the starting time at 2AM eastern time...You should see many more tradeable swings then.

 

[QTrader20]

To some of you, if the wheels aren't broken, don't fix it. If you're making money from trading one instrument, stick to it.

About ES/NQ, you can only take advantage of slightly different between the two. It makes huge different if you're a scalper. Likewise, I don't see how it'll benefit any day/swing trader.

 

[toucan]

i sent you a private message so we could take this offline

toucan

 

[Laissez Faire]

Oh blah, you have GOT to capture the major Euro session moves in there to be sure. Why limit yourself to action constrained to stocks? Yer missing a bunch of movement afforded to you with the futures advantage.

Do the same calculations you did before, but set the starting time at 2AM eastern time...You should see many more tradeable swings then.

The idea was simply to make an equal comparison between the two indices within the same interval looking at the same metrics. My statistical model isn't really set up for the ETH session, but I would imagine similar results with ES vs NQ during that period as well?

 

[Overnight]

...My statistical model isn't really set up for the ETH session...

Oh, I thought the beginning and end times was something you could plug into a computational model. As for the results? Not sure, but they could surprise.

 

[Laissez Faire]

Oh, I thought the beginning and end times was something you could plug into a computational model. As for the results? Not sure, but they could surprise.

It's possible. I could take a look later and see what shows up.

 

[Laissez Faire]

About ES/NQ, you can only take advantage of slightly different between the two. It makes huge different if you're a scalper. Likewise, I don't see how it'll benefit any day/swing trader.

Yes.

However, as the numbers I computed show, the daily high/low range and the sum of the major swings within the day is still considerably greater with NQ versus ES, so, assuming a trader could capture the same swings/range on NQ with roughly the same risk, it's a bigger pay day for a day/swing trader as well.

If we compare the last major swing up on ES, it's 4221.25 - 4114 = 107.25 points = $5362.5 per contract.

On NQ, it's 14369.00 - 13576.25 = 792.75 points = $15 855 per contract.

It's possible this latest move on NQ was a bit of an outlier move, though, but generally it does appear to offer considerably more than ES.