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I would second everything that Simon said concerning the NQ and add a couple
of other items.
Since the Nasdaq is just technology and not a mixed bag like the S&P it
tends to trend much better. And as Simon mentioned I find the S/R lines to
be much cleaner and therefore easier to manage trades. On days where the
Dow and Nasdaq are going in different directions the S&P can get quite
sloppy while the ND can be quite good to trade. But on days where the
market is "in sync" the ES is just as good if not better than the NQ.
If you check out the recent volume on ES/NQ you will also find that on most
days the NQ does as much or more than the ES. The NQ is also a larger
contract (2 ES is approximately equal to 1 NQ).
One caveat - while I find the NQ's risk/reward ratio much better than the ES
most times, the risk side is much higher than the ES so it has a bigger
bite. And when the NQ gets sloppy it can get real sloppy and is certainly a
market to be avoided under these conditions.
Like everything else in trading nothing is best all of the time, and you
will find days where the ES is the better market. Let the market show you
which contract is the better one to trade, and in which direction.
Hope this helps,
Bob Heisler
www.rjhtrading.com
----- Original Message -----
From: "Simon Campbell" <simtrader@xxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Thursday, May 24, 2001 1:56 AM
Subject: Re: E mini or E Nas Opinion required ?
> Having traded both I prefer the NQ. I find that the risk/reward profile
is
> better and the moves "purer". I also find that support/resistance
> swinghigh/low points tend to hold better in the NQ than the ES which often
> chops around a lot more. I also find the NQ to be a truer market in the
> sense that if the NQ and ES are going in opposite directions, that given
> time, it is more often the NQ that provides the better directional
> bias. These observations are based on a 5 minute chart. I think the ES
> has it's place but probably on a big picture timeframe like 15min or
> 30min. For multiple in-and-out $200 moves during the day on a 5 minute
> chart - I think the NQ wins the day. My winners in the ES are typically
> using a 15min chart with all losers on the 5min chart! So when I say
> "best" perhaps I should say "best for me"(!) given that I enjoy 5min
> trading more than 15min trading. I do agree that trading the 15min chart
> can be more relaxing in the ES - so in the end, it all comes down to doing
> what is most comfortable for you. My temperament is such that I don't
> actively enjoy being "in the market" so I pick trades that can get me out
> in 5-15 minutes. Being in for an hour is an eternity to me, but for some
> people it is much better. So in the end, it all comes down to know
> yourself when choosing the right market to trade.
>
> My $0.02 ...
>
> Simon.
>
>
> At 08:36 24/05/2001 +1200, you wrote:
> >Hi,
> >
> >Consider this, you have traded E mini and E Nas and you chose one over
the
> >other to trade more regularly . If this is you I would like to know why
> >and any
> >experience that you emcountered in the benefit in the switch .
> >
> >Thanks
> >
> >Ian
>
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