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About micro futures contracts with good liquidity (e.g m6e) I think they could be way easier to trade rather than indexes/commodities/treasuries/etc not only cause of low margins, but overall cause they tend to lateralize most of time, then giving opportunities to scalp some ticks when there is no reports/events/etc ...
What do you think about this? I think that most chances of winning are in trading ranges, rather than trying to guess where an index is going at a certain point, for example.
Can you help answer these questions from other members on NexusFi?
My first thought is the opposite, but that's just my gut feel. Isn't there a high correlation amongst the micro currency contracts?
M6A - 21 period ATR is showing 0.0054, 0.0001 tick size, $1 tick value = $54 daily range
M6B - 21 period ATR is showing 0.0077, 0.0001 tick size, $0.63 tick value = $48.51 daily range
M6E - 21 period ATR is showing 0.0060, 0.0001 tick size, $1.25 tick value = $75 daily range
MES - 21 period ATR showing 61, 0.25 tick size, 1.25 tick value = $305 daily range
MNQ - 21 period ATR showing 285, 0.25 tick size, 0.5 tick value = $570
With AMP futures, the initial margin requirement is as follows:
I'm coming over from the spot forex side hoping it's easier cause I'm sick and tired of the manipulation. I eventually become a target with every broker making it crippling to trade. I just want fair...
That said I heard that sometimes the cost (especially at a loss) in the micros could be more expensive than the mini Euro. Is this true?
You are doomed to be a struggling trader with this attitude. I write this with as gentle an attitude as you can imagine.
In no particular order:
You don't want hope. If you're hoping, you need someone else to do you a favor. While (most) retail traders rely on the smart money to move the market, they are not doing it out of the kindness of their heart.
Our edge tells us when the manipulation, err... the likelihood of one thing happening over another could work in our favor.
Presume all markets are manipulated all of the time as a baseline for your edge.
The market is designed to get you to do the wrong thing at the wrong time.
Countless traders change markets because they think the market they trade is the problem.
If the best chance of winning was in micro currencies, everyone would be trading them (and then they'd no longer be the best chance of winning...) If you have an edge which tells you sideways markets are the way to win, what data have you collected to back up this line of thinking?
If I didn't have a good idea with whom I was speaking with before. I have a preliminary idea now.
Based on my trading results, I know what I'm talking about. Of course, this doesn't mean I'm always right or what I think I know doesn't need to be reevaluated once new ideas or facts are presented. Perhaps what I thought what worked in the past has become dysfunctional. It would be helpful if you would provide them to me so that I might update my thinking if necessary. It could also be my approach of offering advice needs more work. I work on improving this skill a lot. Any advice you can offer will be helpful and appreciated.
