First
of all, if your a new or inexperience trader to the Emini Futures EMD, ES, NQ, TF (formerly
ER2) or mini-sized Dow YM...
We highly
recommend you get educated about the Eminis via the following prior to your first trade or
prior to returning to trading after being away from the markets to improve
your chances of becoming a consistently profitable trader:
Futures Intermarket Analysis
Avoid the stuff
involving fancy software, indicators, black box systems and arbitrage.
WRB Analysis or
Volatility Analysis
Position Size Management
The price action is never the same from
one trading day to the next. Therefore, you should never be using the same
position size as if the price action is always the same. Understand and
exploit that simple concept will increase your profits and/or reduce your
losses without making any changes to your entry/exit signals.
Trader Psychology
Yeah, it's mumbo
jumbo until you hit your first drawdown, single day blowup or anxiety while
trading.
Chat Rooms
Regardless if the
best chat rooms are free or cost a fee to access...they usually have a
pre-screening process to keep out spammers, trouble makers and pretenders.
In addition, the best chat rooms tend to be password protected that will
require you to apply for membership. Our chat room called #FuturesTrades is free,
well moderated and helpful for those trading futures, exchange traded funds
or forex currencies...more information @
http://www.thestrategylab.com/ftchat/forum
Professional Trader Forums
Stay away from
forums where you see a lot of arguing, mudslinging or any other behaviour
that can easily suck you in and keep you mentally not ready to be a
consistently profitable trader. Simply, the best forums are ones that
requires you to identify yourself or explain why you want to join prior to
approving your membership.
With that said, you
can contact me about any of the above for recommendations and I will help
but only after finding out more about your trading style and goals. Therefore, we have a
new discussion forum (it's free to join) at the below link for
traders to ask questions about trading itself or about our fee-base resources for traders wanting to
learn advance trading methods to profitably trade the Emini Futures.
http://www.thestrategylab.com/tsl/forum/
In addition, you can
receive free education prior to paying a single penny. Yet, we cannot help
you if you do not join or you join but do not ask questions. Further, those
traders that do join and ask questions...you'll become eligible for any
discounts involving our fee-base education material as our way of saying
thank you for helping our new discussion forum to become active.
Also, if your a
serious trader regardless full-time or part-time, if your looking for a
free futures chat room to hang out with other serious traders...please
join our #FuturesTrades chat room and there's more information about the
chat room via it's support forum at the below link.
http://www.thestrategylab.com/ftchat/forum
With that said, we
highly recommend you
read and learn about your trading instruments via the information provided
at their respected exchanges.
Chicago
Mercantile Exchange (CME) @ http://www.cme.com
Traders of EMD, ES and NQ
ICE Exchange (ICE) @
http://www.theice.com
Traders of TF
(formerly ER2 on the CME)
Chicago
Board of Trade (CBOT) @ http://www.cbot.com
Traders of the
mini-sized Dow YM
S&P
Midcap 400 Emini EMD futures
The Emini EMD
futures on the CME exchange (now known as the CMEGroup) is slowly gaining popularity as its liquidity increases and for
those futures traders that prefer to trade an Emini that's not as well
followed (less liquidity) as the other trading instruments.
Also, it gained some popularity
when the ER2 first moved from the CME to the ICE over at
the NYBOT because the price action of EMD is very similar to the ER2.
However, the TF (formerly ER2) has regained it's popularity as of 2010 when
there was another dramatic change in volatility and global market conditions.
Russell
2000 Emini TF futures (formerly ER2)
The Emini TF
futures on the ICE exchange is popular among traders using a volatility based trade
methodology and is becoming more popular with experienced retail traders in
comparison to institutions that trade it especially whenever there's a
dramatic change in volatility and global market conditions.
S&P
500 Emini ES futures
The Emini ES futures
on the CME exchange (now known as the CMEGroup) is the most liquid of the
Emini Futures and that makes it popular
among the institutions that trade it because they can do large size
positions with very little slippage along with ES being one of the bench
mark trading instruments for intermarket analysis. Simply, if you're a
retail trader (at home trader) trading the Emini ES...you're trading against
some of the best traders from around the world (institutions, banks, pros
with big accounts et cetera) that have access to resources a typical retail
trader does not have access too. Therefore, the Emini ES is a very tough
place to start if you're a beginner or inexperience trader without a good
trading plan.
Also, retail traders
are more attracted to the ES because it is the most marketed and discussed
trading instrument online.
Nasdaq
100 Emini NQ futures
The Emini NQ futures
on the CME exchange (now known as the CMEGroup) tends to be popular among traders that trade both the futures and the
related exchange traded funds. Therefore, its popular for those that also
trade the QQQQ in comparison to SPY, IWM or DIA.
Mini-sized
Dow YM futures
The mini-sized Dow
YM futures on the CBOT exchange (now known as the CMEGroup) is popular among new traders to the Emini Futures because of its
low dollar value per tick until they gain more trading experience with
success prior to moving into the other trading instruments that tend to be
more popular among experienced traders and institutions.
Note: The CME exhange is now
known as the CME Group
after it purchased some of it's competition.
Which of the
above trading instruments should you trade?
To determine which
is suitable...simply backtest your trade strategy on all the above to
determine which one produces the best profits. In fact, most profitable
traders of the emini futures are not trading their favorite trading
instrument. In contrast, they are trading what makes them the most money.
With that said, if you have any
questions about the above Emini Futures or want to learn more about
profitable strategies to use while trading these instruments regardless if
your a day trader, swing trader or position trader...contact us via the
below info especially if your a struggling trader and want to know more
about how profitable traders are approaching the Emini Futures.
Analysis of wide range body or
bar (WRB) is the most efficient way to exploit changes in
supply/demand or changes in volatility for
profits.
@
"I
"In
all fairness...I give credit to these results to Niha and what I have
learned from him."
"
