[torero]

Used to trade NQ, ES, and a bit of YM. I settled on the ER2 and left the rest behind. ER2 just seem to flow better than the others. I can stay in a trend better with my method than the others. One other advantage is that the emini Russ doesn't obey the Russ index like ES and NQ to their respective indices since these are so major reference points for the financial markets. So if you see the $COMPX near resistance and NQ has some ways to go, gotta keep an eye on $COMPX to cues. Russ index doesn't weigh that much on the emini Russ, it seems to have its own mind so I don't need to eye on other charts. Just my opinion and personality though.

If you find YM and ER2 similar and you're doing well with YM, why not go with a higher payoff.

[feb2865]

How about Tick and Trin? do they put any weigth on mini russell?

[torero]

Some traders use them. I don't use them myself but it wouldn't be bad to see the market breadth to confirm the breakout, etc.

Just starting to read John Carter's book and he mentions that he uses ER2 as a leading indicator to trade ES, YM, and NQ. I didn't know that myself but worth verifying if it's BS or not. I know many ER2 traders keep an eye on ES to confirm ER2 movements. I don't do that either. I just use ER2 prices and volume. I may start to incorporate the TRIN, but have to observe it first to see if reinforces my method or muck it up.

[Soultrader]

Originally Posted by torero »

Some traders use them. I don't use them myself but it wouldn't be bad to see the market breadth to confirm the breakout, etc.

Just starting to read John Carter's book and he mentions that he uses ER2 as a leading indicator to trade ES, YM, and NQ. I didn't know that myself but worth verifying if it's BS or not. I know many ER2 traders keep an eye on ES to confirm ER2 movements. I don't do that either. I just use ER2 prices and volume. I may start to incorporate the TRIN, but have to observe it first to see if reinforces my method or muck it up.

Very interesting.... on Friday, the ER2 seemed to be leading the YM. I noticed the moves are fast on the ER2. The YM feels like a 100 ton bull being dragged by a few men.

I'm going to be paying attention to the ER2 more carefully.. will post any insights observations I may found.

[ezduzzit]

I think Torero's points about the e-mini Russell are absolutely spot on. I too used to trade the YM but gave it up for the ER2.

As to Carter's assertions of the ER2 leading the YM... I have not found that to be the case often enough to bet my money on it but further observation should prove if that has any useful merit. I will be interested to hear anyone else's observations in that regard as time progresses.

Happy Trading

[torero]

I remember I used to daytrade stocks. Looking back, drove me nuts having to open so many charts, juggling them all at once with all the indices on top of that, I had 3-4 monitors, all the flashing signals all over the place with your heartbeat pumping 140/min. What was I thinking? Stocks are better for swing, not really for daytrade, at least for my simple-minded, untalented, un-multi-tasked brain of mine.

When I finally moved to eminis, especially ER2, things got a little calmer, relaxed, sometimes fun and sometimes boring. Don't have to deal with news spikes, which stock is correlated with which, now it's just plain vanilla (only 3 charts max of same symbol). I'm not as emotional anymore. Now, I just wait and snipe. No more charting flipping. Signs of aging I think.

[ezduzzit]

Oh my gosh Torero.. are those REALLY signs of aging? Dear me! I certainly hope not. You realize of course those white whiskers of mine are nothing more than blonde hairs, right?

Actually, I am very much like you in regard to daytrading versus swing trading, etc. I do not subscribe to the idea that it is smart to daytrade either stocks or the Forex. I also think you can rest assured that you were simply being eminently sensible when you switched to no more than three screens of data for the one index and little else as I have seldom met anyone who can effectively monitor more than and still trade on a consistently profitable basis. Sometimes less is more. I must also say that I do quite enjoy your posts. Keep them coming.

Happy Trading

All the major US markets put weight on the russell!