NexusFi: Find Your Edge


Home Menu

 





ES - mini- alternative instrument to trade before market opens


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one waqarshah with 6 posts (1 thanks)
    2. looks_two Fat Tails with 3 posts (15 thanks)
    3. looks_3 JonnyBoy with 2 posts (4 thanks)
    4. looks_4 Jigsaw Trading with 1 posts (0 thanks)
      Best Posters
    1. looks_one Fat Tails with 5 thanks per post
    2. looks_two JonnyBoy with 2 thanks per post
    3. looks_3 sharpshoota with 1 thanks per post
    4. looks_4 waqarshah with 0.2 thanks per post
    1. trending_up 7,850 views
    2. thumb_up 21 thanks given
    3. group 11 followers
    1. forum 18 posts
    2. attach_file 2 attachments




 
Search this Thread

ES - mini- alternative instrument to trade before market opens

  #1 (permalink)
waqarshah
London, UK
 
Posts: 15 since Oct 2014
Thanks Given: 2
Thanks Received: 3

Hi All.
I trade the ES-Mini (SIM) during UK hours the market opens here around 0230pm (0830 CME) therefore from 0900 (0300 CME) till market opens I dont have much to trade - can anyone else recommend any other instrument to trade before the ES-Mini market opens?
I dont want to trade Forex.

Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
Deepmoney LLM
Elite Quantitative GenAI/LLM
Are there any eval firms that allow you to sink to your …
Traders Hideout
Online prop firm The Funded Trader (TFT) going under?
Traders Hideout
Exit Strategy
NinjaTrader
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
 
  #3 (permalink)
 
Jigsaw Trading's Avatar
 Jigsaw Trading  Jigsaw Trading is an official Site Sponsor
 
Posts: 2,988 since Nov 2010
Thanks Given: 831
Thanks Received: 10,393


The forex futures should be OK - the Euro futures are well traded as Europe is open.

Have you looked at Eurostoxx 50 Futures & the Bund on Eurex exchange? They are well traded and have lots of liquidity like the ES.

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io " Ask Me Anything" thread
Visit my NexusFi Trade Journal Reply With Quote
  #4 (permalink)
 shzhning 
Madison, NJ
 
Experience: Intermediate
Platform: CQG/TOS
Broker: Optimus/CQG
Trading: ZN/TN/ES/NQ
Posts: 134 since Jun 2010
Thanks Given: 65
Thanks Received: 112

also keep in mind t bonds and t notes open at 7:20 chicago time, that's 1 hour and 10 minutes earlier than ES open. should give you enough time and comparable liquidity to make your day.

Reply With Quote
  #5 (permalink)
waqarshah
London, UK
 
Posts: 15 since Oct 2014
Thanks Given: 2
Thanks Received: 3

Do these market have contract sizes like the ES = $500 per contract -ideally I am only trading 2 contract sizes at a max with an account of $10,000 so it needs to reflect this- is anhyone able to give me the instrument details or provide a link where I can get more info

I had a quick look at the 6E which I think is 10,000 per contract

Thanks all

Reply With Quote
  #6 (permalink)
 
Balanar's Avatar
 Balanar 
Germany
 
Experience: Advanced
Platform: NinjaTrader
Broker: NTB / Continuum
Trading: FDAX and CL
Posts: 396 since Jan 2013
Thanks Given: 510
Thanks Received: 1,689

FDAX, FESX, FGBL, Z, GC, 6E.

Should be enough for you.

Reply With Quote
  #7 (permalink)
 
furytrader's Avatar
 furytrader 
Lake Forest, IL USA
 
Experience: Intermediate
Platform: MultiCharts + CTS T4
Broker: Advantage Futures, IQFeed.net
Trading: YM, ES, EU, US, S
Posts: 153 since Jun 2011
Thanks Given: 109
Thanks Received: 147

I would suggest staying in the stock index sector as opposed to branching out to FX or Fixed Income - the stock index sector has its own unique characteristics. Try the EuroStoxx 50 or the DAX (but check contract sizes first).

I'm not saying you shouldn't trade FX or fixed income; just know that they have different behavior patterns when compared to stock indexes.

Reply With Quote
  #8 (permalink)
sharpshoota
Bodoe , Norway
 
Posts: 143 since Jun 2014
Thanks Given: 846
Thanks Received: 129

...have you checked out CFD's ?

I trade Ger30 @fxcm , it's a CFD for FDAX. works fine

Reply With Quote
Thanked by:
  #9 (permalink)
 
Massive l's Avatar
 Massive l 
OR/USA
Legendary /NQ Trader
 
Experience: None
Posts: 2,129 since Mar 2011
Thanks Given: 1,859
Thanks Received: 5,106

Gold and oil. Different action but good moves before the open.

Visit my NexusFi Trade Journal Reply With Quote
  #10 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,102



waqarshah View Post
Do these market have contract sizes like the ES = $500 per contract -ideally I am only trading 2 contract sizes at a max with an account of $10,000 so it needs to reflect this- is anhyone able to give me the instrument details or provide a link where I can get more info

I had a quick look at the 6E which I think is 10,000 per contract

Thanks all

An account size of $ 10,000 is rather small for trading futures. More volatile contracts such as Brent Crude, WTI and the FDAX should be avoided. Also I do not recommend FESX because of the significant bid/ask spread.


Now if you look for contracts to trade in the European morning, I would suggest to look for European index or interest rate futures. The best choice that comes to my mind is FGBL

FGBL: contract size € 100,000 / tick size = € 10.00

Both liquidity and volatility are excellent during the European morning.


If you wish to trade US futures:

6E: contract size = EUR 125,000 / tick size = $ 12.50
6B: contract size = GBP 62,500 / tick size = $ 6.25
6J : contract size = JPY 12,500,000 / tick size = $ 12.50
6A: contract size = AUD 100,000 / tick size = $ 10.00

Liquidity is certainly sufficient to trade 2 contracts during the European morning. The 6B has the lowest risk profile and would probably best suit your account.


I have never traded British index futures, but you should have a look at those as well.

Reply With Quote
Thanked by:




Last Updated on July 5, 2018


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts