YM -> ER2

I agree 100% with Austin.

The Juice is a real seduction....but it will freak out weak hands.

The key thing with ER2 is be more generous with your stops - move out to 5-10 min TFs & watch both NYSE & NASDAQ market intermals like a hawk.

Cheers

J
 
If I didn't already have some proverbial "feel" for the ER's behavior (feel is defined as experience over time) I would absolutely trade the NQ if starting over myself.

ER is very tempting, but tricky. NQ will offer more steady, methodical movement over the course of time. ES would be my next choice, YM last only because of bad experiences trading CBOT products in the past.
 
Quote from steve0617:

I've been trading the YM forever (and have a leased IDEM seat too) and now after the second total outage in the last six months or so of the ECBOT, I want to migrate away from YM and start trading ER2. Not saying Globex is the end all, be all, but it does seem to be more reliable.

Of course I plan to watch ER2 for a while then starting trading small to get my feet wet, but I'm looking for any 'characteristics' of ER2 that I might compare to YM to help shorten my learning curve of this new index.

Anything one could offer up? e.g. lots of false breakouts... corresponds well to ES... seems to lead the other indexes... too thin of volume to trade more than 10 contracts at a throw etc. etc. etc. etc.

Any and all tidbits would be appreciated.


Thanks
More...


If you making money on the YM I say stick with it. Why move to another market if you are making money. How many lots do you trade. If is under 30 lots, you be ok with the YM.

You motive is to make money.. the YM can be predicted better than other markets. Only 30 stocks in it..I look at nas s&p trans and IBM for clues as to where the YM is going.…

What markets do you guys look at for ER2 to move.?

As for ES I find it no diffrent to the YM in fact its more stable..

Buzz
 
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