Big Mike's Trading Forum
 

Go Back   Big Mike's Trading Forum

> Trading Forums > Traders Hideout


Notices
     

SHORT TERM trading instruments (5m or lower)
Started:August 8th, 2010 (11:33 AM) by ikeaboy Views / Replies:1,920 / 12
Last Reply:August 14th, 2010 (12:26 PM) Attachments:0

Welcome to Big Mike's Trading Forum.

Welcome, Guest!

This forum was established to help traders by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

BMT is fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.


You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike
     

Reply
 
Thread Tools Search this Thread

SHORT TERM trading instruments (5m or lower)

Old August 8th, 2010, 11:33 AM   #1 (permalink)
Elite Member
Austria
 
Trading Experience: Intermediate
Platform: NinjaTrader, Multicharts, Tradestation
Broker/Data: IB
Favorite Instrument: US and Canadian Stocks
 
ikeaboy's Avatar
 
Posts: 53 since Jun 2010
Thanks: 20 given, 5 received

SHORT TERM trading instruments (5m or lower)

Hello,

my question is what instruments you guys use for trading short term? I define short term as trading on a timeframe which is 5m or an equivalent of 5 minutes (when trading tick, volume or range bar charts) or a bit lower.

So far i tested my strategy on 6A, 6B, 6C, 6E and 6J... however I am getting poor results with 6A, 6C and sometimes 6J... So i compared the charts and after a while i thought maybe there isnt something wrong with my strategy but the market just doesnt move "nicely" enough to get profits out of it...

regarding the strategy (even if it is not important for my concern), i am entering an existing trend in retracements... the main chart i am using is a 4 tick chart - but looking to minute or other longer timeframe charts for the big picture...

so my question is what future contracts are very well suited for short term trading? (liquid and volatile markets)

Thanks for your help!

Reply With Quote
     

Old August 8th, 2010, 11:33 AM   #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

     

Old August 8th, 2010, 11:55 AM   #3 (permalink)
Elite Member
UK
 
Trading Experience: None
Platform: -
 
Posts: 155 since Aug 2010
Thanks: 12 given, 65 received


Dude, I reckon 5m on fx is pushing it... IIWY I'd stick to the liquid (and deep) futures like FESX, FGBL, ES and ZN... maybe include things like the DAX and CL, and use tape reading / market profile or similar.
CPI

Reply With Quote
     

Old August 8th, 2010, 05:38 PM   #4 (permalink)
Elite Member
Austria
 
Trading Experience: Intermediate
Platform: NinjaTrader, Multicharts, Tradestation
Broker/Data: IB
Favorite Instrument: US and Canadian Stocks
 
ikeaboy's Avatar
 
Posts: 53 since Jun 2010
Thanks: 20 given, 5 received

the contracts FESX, FGBL and ZN are highly liquid but not volatile... they hardly move... at what timeframe do you trade them?

i saw markt profile and i dont like it... however i never really educated myself about it...

what do you mean by tape reading? ... for me it is price action... altough i use few indicators to give me structure on the chart...


Last edited by ikeaboy; August 9th, 2010 at 07:36 AM.
Reply With Quote
     

Old August 12th, 2010, 09:18 PM   #5 (permalink)
Elite Member
Springfield,Missouri, USA
 
Trading Experience: Advanced
Platform: NinjaTrader (It's a love/hate relationship)
Favorite Instrument: CL, TF, 6E
 
Slipknot511's Avatar
 
Posts: 176 since May 2010
Thanks: 60 given, 294 received

Current BMT User Poll

Should sim traders that pretend to trade cash be allowed on BMT?

 
For very short term price action trading, I like TF best.

Reply With Quote
     

Old August 12th, 2010, 10:14 PM   #6 (permalink)
Elite Member
las vegas
 
Trading Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Velocity/IB
Favorite Instrument: 6E
 
Posts: 1,147 since Feb 2010
Thanks: 304 given, 786 received

Are you taking into consideration the times that you are trading?

Reply With Quote
     

Old August 14th, 2010, 10:39 AM   #7 (permalink)
Elite Member
Austria
 
Trading Experience: Intermediate
Platform: NinjaTrader, Multicharts, Tradestation
Broker/Data: IB
Favorite Instrument: US and Canadian Stocks
 
ikeaboy's Avatar
 
Posts: 53 since Jun 2010
Thanks: 20 given, 5 received

i am done researching and have a final watchlist...

forex:
6B $ 6,25

us stock indices:
NQ $ 5,-
YM $ 5,-

european stock indices
Z 5,-
CAC40 5,-


these are the only contracts i can afford to trade... (the value next to the contract is the tick value)

i think these contracts are liquid and volatile enough for short term trading...

does anyone know other cheap, liquid and volatile contracts for short term trading?

nice weekend!


PS: TF is also very liquid and volatile and has nice moves, but too expensive for me... at least now...
PPS: i am situated in europe so i trade the whole european session... however there are better moves in the afternoon (european time - GMT)... meaning when the US starts trading...

Reply With Quote
     

Old August 14th, 2010, 10:55 AM   #8 (permalink)
Administrator: Retired Backtester
 Vendor: speedytradingservers.com 
Rennes France
 
Trading Experience: Advanced
Platform: NinjaTrader
Broker/Data: IB/Kinetick
Favorite Instrument: Futures
 
sam028's Avatar
 
Posts: 2,686 since Jun 2009
Thanks: 2,750 given, 3,027 received

@ikeaboy: there is already a thread on a similar subject, here, which you might read.

Usually in trading, those who know don't talk, and those who talk don't know. (Al Brooks)
success requires no deodorant! (Sun Tzu)
Reply With Quote
     

Old August 14th, 2010, 11:02 AM   #9 (permalink)
Elite Member
Austria
 
Trading Experience: Intermediate
Platform: NinjaTrader, Multicharts, Tradestation
Broker/Data: IB
Favorite Instrument: US and Canadian Stocks
 
ikeaboy's Avatar
 
Posts: 53 since Jun 2010
Thanks: 20 given, 5 received


sam028 View Post
@ikeaboy: there is already a thread on a similar subject, here, which you might read.

Cant see it - is it only for elite members?

Reply With Quote
     

Old August 14th, 2010, 11:36 AM   #10 (permalink)
Elite Member
USA
 
Trading Experience: Beginner
Platform: MT4/NinjaTrader
Broker/Data: AMP/Zen-Fire
Favorite Instrument: YM/Currency Futures
 
Posts: 8 since Jan 2010
Thanks: 24 given, 2 received



ikeaboy View Post
i am done researching and have a final watchlist...

forex:
6B $ 6,25

us stock indices:
NQ $ 5,-
YM $ 5,-

european stock indices
Z 5,-
CAC40 5,-


these are the only contracts i can afford to trade... (the value next to the contract is the tick value)

i think these contracts are liquid and volatile enough for short term trading...

does anyone know other cheap, liquid and volatile contracts for short term trading?

nice weekend!


PS: TF is also very liquid and volatile and has nice moves, but too expensive for me... at least now...
PPS: i am situated in europe so i trade the whole european session... however there are better moves in the afternoon (european time - GMT)... meaning when the US starts trading...

ikeaboy,

I don't know what your tick/pips goal per day. I suggest focus on 6B for now. Build your account with it. It's predictable enough using proper tools, a couple of indicators. I trade it on m1 during US session. The Frankfurt/London session will suit you well with on 6B. Later, you can add 6E.

criss

Reply With Quote
     

Reply



Tags
5m_chart, 6b, 6e, account, atr, chart, charts, cl, contracts, crude, crude oil, dax, day, elite, fesx, fgbl, future, futures, fx, group, hideout, index, indicators, instruments, liquidity, low, market, market profile, ml, moves, oil, open, pair, price, price action, price action trading, profile, qm, question, range, range bar, retracements, session, short term, stop, stop loss, strategy, tape, tape reading, tf, tick, tick chart, ticks, time, timeframe, trade, traders, trading, trend, volume
     

Big Mike's Trading Forum > Trading Forums > Traders Hideout > SHORT TERM trading instruments (5m or lower)

Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
TMNT's Trading Journal: ES 5m candle, Price Action scalping tmntrader Elite Trading Journals 20 August 12th, 2011 03:37 PM
very short-term "Swing" trading heywally The Elite Circle 2 May 13th, 2011 01:30 PM
Account size when trading multiple instruments jstnbrg Psychology and Money Management 39 January 18th, 2011 12:17 PM
Short term trading - ticks, fills and amount of trades Twiddle Beginners and Introductions 8 October 30th, 2010 09:16 PM
Correlation trading multiple instruments Insearch NinjaTrader 5 July 20th, 2010 12:30 AM


All times are GMT -4. The time now is 03:03 AM.

Powered by vBulletin®
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
SEO by vBSEO ©2011, Crawlability, Inc.
Copyright © 2014 by Big Mike Trading. 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.
 
no new posts

Page generated 2014-04-21 in 0.14 seconds with 19 queries on atlantis via your IP 67.202.56.112