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enlightened - I will not argue the point that the ES is the best day-trading vehicle, as I agree!
BUT, if one can take advantage of many markets vs. being forced into one, I am giving a hard look at what is best in the long run. What I mean is, when the ES is in a junk day (however you define it) the ZN could be providing excellent opportunities. But if you are only looking at the ES, you'll never even notice the ZN trades.
Anyways, I think it's a valid point that all traders at some point need to consider. Is it better to look for opportunities over many markets, which will probably require a higher timeframe, or focus on a small number, as little as one knowing that some days that one will just not be providing much? |
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I do agree sometimes other markets have large moves when ES is not doing too much.
However, the key word here is lower time frame. There is no junk day for ES at lower time frame. A good scalper/active daytrader can always find good trading opportunities at any market conditions. If not, that means the trader is not good enough and he/she needs to work on to make improvements.
In the end, there is a trade-off. To be focused on one market can help a trader to be very good at that particular market even though there are some opportunties missed in other markets. Since there are so many opportunties offered in ES, it really doesn't matter that much.