Greetings All:

I'm a new trader. Trading the ES mainly and taking a few cracks at the YM. However, I am growing weary of this consolidation and unpredictable movement of the both of them. And as I understand it, this is expected to go through the summer. These 1 tick moves can't be making anyone any money. I'm a one contract trader at this time with a 6-8 tick stop loss and a 6-8 tick target but I don't see anything worth trading on either the ES or the YM. I have trading rules. But what I don't have is another instrument in mind to trade. Does anyone have any suggestions?

Thanks for any replies I receive.

dmeachy 

Greetings All: I'm a new trader. Trading the ES mainly and taking a few cracks at the YM. However, I am growing weary of this consolidation and unpredictable movement of the both of them. And as I understand it, this is expected to go through the summer. These 1 tick moves can't be making anyone any money. I'm a one contract trader at this time with a 6-8 tick stop loss and a 6-8 tick target but I don't see anything worth trading on either the ES or the YM. I have trading rules. But what I don't have is another instrument in mind to trade. Does anyone have any suggestions? Thanks for any replies I receive.

I like Gold, /GC. Not the roller coaster that the ES is. Been in a choppy sideways movement for weeks now however I think that Gold is easier to trade than the ES or Crude oil.

Gold moves slower and I think that this may be because there are fewer players in Gold and there is more dumb money playing Gold.

If your looking for action, take a look at Crude either NYMEX/CL or ICE/B

dmeachy 

Greetings All: I'm a new trader. Trading the ES mainly and taking a few cracks at the YM. However, I am growing weary of this consolidation and unpredictable movement of the both of them. And as I understand it, this is expected to go through the summer. These 1 tick moves can't be making anyone any money. I'm a one contract trader at this time with a 6-8 tick stop loss and a 6-8 tick target but I don't see anything worth trading on either the ES or the YM. I have trading rules. But what I don't have is another instrument in mind to trade. Does anyone have any suggestions? Thanks for any replies I receive.

I would say that ES is the best instrument to trade if you are new. It allows you a lot of "think and react time". You are not rushed and you dont panic as much and avoid those WTFDIDIDO situations. Thinner markets can move really fast at times and if you are trading with small stops, you are likely going to panic during sudden moves, take slippage on your stops and in general be more uncomfortable trading them than trading ES. Also, if you can trade ES successfully with 1 contract, you can just increase your size to make more money whereas in CL, GC and some of the other thinner markets, its not as easy to increase size. Sure, you can catch one of those quick 50-100 tick runs once in a while but if you are looking for consistency, I would say stick to ES and master trading it in all market conditions. It still moves 18-20 points a day so I am not sure what you mean by 1 tick moves.

My 2 cents.

dmeachy 

Greetings All: I'm a new trader. Trading the ES mainly and taking a few cracks at the YM. However, I am growing weary of this consolidation and unpredictable movement of the both of them. And as I understand it, this is expected to go through the summer. These 1 tick moves can't be making anyone any money. I'm a one contract trader at this time with a 6-8 tick stop loss and a 6-8 tick target but I don't see anything worth trading on either the ES or the YM. I have trading rules. But what I don't have is another instrument in mind to trade. Does anyone have any suggestions? Thanks for any replies I receive.

Consider the NQ. I began trading it in '98, and though I've explored other instruments, I've never found anything I like as well.

This isn't new, but it is still pertinent: The Easiest E-mini?