[Soultrader]

Originally Posted by torero »

Used to trade the ES, YM and NQ. NQ had little liquidity, erratic. YM was good there were time with 2-3 tick jumps as well, trends much better than ES. ES was just too much for me, trends very little, at least if it does, it's not enough to stay on it. Russell trends nicely and orderly once it finds directly or settled from opening. But even the opening sometimes can go straight up or straight down (this happened last few days) 10 pts easily.

torero,

I have a couple questions regarding the ER. I have been trading the YM mainly but am looking for different markets to trade especially when the YM remains dull.

Do you use MP to trade the ER? What is considered a big lot on the ER? On the YM I like to watch for any lots over 10. On the ES I would look for 40-lots and above.

Would I be able to apply pivot based trading on the ER?

Thanks

Soultrader

[torero]

Yes, I use MP for ER2 as well but since I'm still learning MP, I use it as a support resistance for volume confirmation for now and works quite well. The best I've seen from using MP is POC, market seems to know it is there. I've seen it stop dead on that spot and reverse. But I'd recommend you watching it yourself as this is just my own observation and tell me if you see what I see.

Many traders use 50 lots that would use 100 for ES. But on trendy pace periods, I see good number of 10 lotters.

[torero]

Yes, I many traders use pivots for cues as well, daily, weekly and monthly. There are reliable along with other tools I use, fibs and patterns.

[carter]

Would you consider the ER to be the easier emini to trade?

[Kiwi]

3 or 6 or 30 or 60 ... stretched out to 20 characters by including 300.