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Had a search of this fine forum but could not find answers to my questions... so...
I'm new to ES... very new!... spent my second day watching it today.
Mainly trade major FX pairs.
Come form an exclusive technical background... the nearest I get to fundamentals is staying away from NFP.
I have realised that I cannot approach it in quite the same way I approach the way I trade currency pairs - the movement is quite different.
However, that's fine, I expect that.
I'm studying it intensively and so would like your thoughts on what I should be focusing on and learning.
So far:
I'm keeping an eye on COT data (from E-mini Watch website).
I'm generally watching the price ladder.
Charting as best I can (not as clinical and trendy as FX).
I have started getting into VSA since I discovered it... so will be using this, how are others finding it?...
Also, depending on how I do with it, I could be looking to do scalps or holding for a few points.
Also, I will be doing some automated trading with the ES. Is there anywhere I can find statistics/data on ES/S&P in general? (done googling but to no avail.)
Thanks,
Magnus
Can you help answer these questions from other members on NexusFi?
Welcome Magnus. I trade Forex some on the side and find it much harder to make money in Forex than trading Emini futures. Futures are the truth. So much is stacked against you in Forex. The brokers trade against you, the spreads and the data feed all contribute to the challenge! It is much easier to overcome the spreads and scalp futures. I would much rather pay these low commissions than the forex spreads. Don't know where to point you for stats. Maybe try yahoo finance? Good luck!
How about forex futures? Some guys would rather trade forex futures because you get more safety of a regulated market and you don't have to worry about spreads. Thoughts?
Yes, trading forex is a scam, the spreads are so big you could drive a truck through them.
Futures are the way to go. Hands down. I know I wouldn't trade anything else.
Trading: Mini and micro US Indexes/ DAX/ FX/VIX/GOLD
Posts: 180 since Apr 2010
Thanks Given: 53
Thanks Received: 164
Depends on the broker. I would also say that one of the real beauties of forex is being able to trade the major pairs. Using LMAX or IB you wouldn't have any problems (I use both because IB has better liquidity) and spreads less than a pip are a must.
Hi, I haven't found any ES data on this website but there is a ton of historical S&P, NASDAQ, and DOW data and trivia along with all sorts of other cool historical data. Not sure if it is micro enough for your needs but maybe it has some value for you. Good luck on your journey! Wow just realized how ancient this thread is....... LOL! I was playing too many video games, waiting tables, and not giving at bulls butt about my 401k when this thing was started! But anyway if this helps anyone here you go. Where Did The DJIA/NASDAQ/S+P 500 Trade On...
Wow just realized how ancient this thread is....... LOL! I was playing too many video games, waiting tables, and not giving at bulls butt about my 401k when this thing was started! But anyway if this helps anyone here you go.