Which markets or instruments are you trading?

L

Laissez Faire

Hello everyone.

It would be interesting to hear what markets, instruments, stocks, cryptocurrencies, etc. you guys are trading. Could also be interesting to hear if you're day trading, swing trading or merely investing.

Personally, I day trade ES strictly and that's my speciality, but I'm considering adding one more market to my repertoire. Maybe I'll do it as simple as adding NQ which I follow with half an eye already. It's not that different from ES, but may be different enough to make a difference and maybe if I learn NQ better I can become a better ES trader as well. Maybe YM or RTY.

In the past, I traded CL for a bit, but with limited success as I was undercapitlized for sure and had not done my homework properly. Never looked into any other commodities.

Thanks in advance.
 
mikeriley said:
NQ (90% of trades)
YM
Gold
Crude oil
More...

Would you (and I encourage others who post to do the same if they feel up for it) mind giving a quick summary on differences between these markets?

Are they widely different? Do you trade each market using the same principles/methodology?

Simply put, I suspect some markets can work great for breakout strategies where others will more often have failures to breakout (which again could be a great trigger). Failures to breakout is one of my favorite triggers on ES. Especially near market lows.
 
I don't trade any popular methods, such as breakouts. I use the same method for all markets traded. I posted a summary of the method I use in a prior post. It's called the mirror-method. Some might know it as the fold-back technique.

I trade these markers because at times they are highly correlated. NQ and YM Gold and oil.

I only trade when they're correlated, and I have a mirror method confirmation. :)
 
Laissez Faire said:
Hello everyone.

It would be interesting to hear what markets, instruments, stocks, cryptocurrencies, etc. you guys are trading. Could also be interesting to hear if you're day trading, swing trading or merely investing.

Personally, I day trade ES strictly and that's my speciality, but I'm considering adding one more market to my repertoire. Maybe I'll do it as simple as adding NQ which I follow with half an eye already. It's not that different from ES, but may be different enough to make a difference and maybe if I learn NQ better I can become a better ES trader as well. Maybe YM or RTY.

In the past, I traded CL for a bit, but with limited success as I was undercapitlized for sure and had not done my homework properly. Never looked into any other commodities.

Thanks in advance.
More...

I trade SPY, QQQ, SPX, USD/CAD. I don't trade futures; its margin is way too expensive for me.
 
Laissez Faire said:
It would be interesting to hear what markets, instruments, stocks, cryptocurrencies, etc. you guys are trading. Could also be interesting to hear if you're day trading, swing trading or merely investing.
More...


Since the "M" contracts became front, I have been intraday trading YM, 6C, 6A, and 6N contracts, all flat EOD.

I am anticipating replacing 6A and 6N with grains any time now... keeping in mind that 6A/6N have usage as a China trade proxy, so maybe, maybe not totally removed from my repertoire.

Trade On!
 
tiddlywinks said:
Since the "M" contracts became front, I have been intraday trading YM, 6C, 6A, and 6N contracts, all flat EOD.
More...

Interesting.

If I'm not mistaken, you were focusing on NQ at some point. And maybe ES, too?

May I ask why YM now appears to be your primary contract of the stock indices? How would you characterize their differences intraday?

I'm sure there are more similarities than differences, but arguably enough differences that it could matter and where particular strategies may not work across all three.

So far, I've been mostly using NQ for divergence/confirmation, i.e., if NQ is already breaking out and ripping, selling off on ES should be more unlikely and favor a breakout higher (which NQ may already have started). Or if ES does a deep pullback, but NQ is doing a comparatively shallow pullback, I'll have more confidence it's indeed a pullback on ES and not a reversal.

Simple example below where NQ started breaking out early in the session and later on ES did a deep pullback, while NQ was holding up above the 50 % level.

upload_2023-5-21_11-52-33.png
 
Adding YM to the mix on the same day (18th of May) as above:

Interestingly, YM started dipping lower that morning while NQ was breaking out, ES was going sideways, but finally picked up to the upside joining ES/NQ.

On that deep pullback where NQ held above the 50% level and ES went below that, YM actually made a new LOD.

At the end of the day all three indices recovered and made a new HOD going into the Close.

upload_2023-5-21_11-57-36.png
 
mikeriley said:
I don't trade any popular methods, such as breakouts. I use the same method for all markets traded. I posted a summary of the method I use in a prior post. It's called the mirror-method. Some might know it as the fold-back technique.

I trade these markers because at times they are highly correlated. NQ and YM Gold and oil.

I only trade when they're correlated, and I have a mirror method confirmation. :)
More...

hi mike... i missed the summary of your method.. which post was it in

thanks
toucan
 
You must log in or register to reply here.
Back
Top