I trade the e mini Russell, but I actually track the Russell 2000, $RUT, for trading decisions. It has led the market up, and hopefully it will give the lead for the market retrace which I believe is overdue.
For intra day, my set up is 5 min candlesticks, 9,18, 89 sma's, and most importantly the MACD. The 5 min MACD gives good trend reversal signals. I like the fact that 0.1 point = 1 pip, so with quick 3 point moves you can get quick 30 pip opportunities.
regards, G McA
For intra day, my set up is 5 min candlesticks, 9,18, 89 sma's, and most importantly the MACD. The 5 min MACD gives good trend reversal signals. I like the fact that 0.1 point = 1 pip, so with quick 3 point moves you can get quick 30 pip opportunities.
regards, G McA
Mini Russell2000
I had traded this beast on 1 lots. wow what a fast market, it can bloody move. I think it better value for money over the (YM.)..Russell2000 is $10 a tick. and around $5 commission. It is good for scalping. But i cant figure out what moves this market. All the shares in the russell2000 are equal weighted. and i cant find a share that moves the same as the mini russell. the cash market is to slow to take its Que.in my opinion.I know gmca689 track the russell $RUT but this is about 1 min lag.not good for short term moves.
When you trade the YM you can set up the tick chart one of the top stocks like IBM and look at the s&p for clues. but i was trying this on the russle,but its got a mind of its own sometimes. the dow can sell of, but the Russell does nothing. yes some times it follows the dow. but its not a reliable indictor.
Let me know if anyone have traded this monster.short term for 2 to 5 ticks and what do you find helps you to look at. for clues to move the mini russell.
I had traded this beast on 1 lots. wow what a fast market, it can bloody move. I think it better value for money over the (YM.)..Russell2000 is $10 a tick. and around $5 commission. It is good for scalping. But i cant figure out what moves this market. All the shares in the russell2000 are equal weighted. and i cant find a share that moves the same as the mini russell. the cash market is to slow to take its Que.in my opinion.I know gmca689 track the russell $RUT but this is about 1 min lag.not good for short term moves.
When you trade the YM you can set up the tick chart one of the top stocks like IBM and look at the s&p for clues. but i was trying this on the russle,but its got a mind of its own sometimes. the dow can sell of, but the Russell does nothing. yes some times it follows the dow. but its not a reliable indictor.
Let me know if anyone have traded this monster.short term for 2 to 5 ticks and what do you find helps you to look at. for clues to move the mini russell.
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I pretty much only trade the er2 and yes it is a quick mover- it seems to fit my trading style the best. I like to use a combination of 1-3 minute charts with a backup of 277 shares charts to get a good read during a spike. Use an adjusted CCI to confirm trends and basically trade off of the slow stochastic(adjusted) , macd, (adjusted) and MA 20 a lot of 5- 8 tick moves within a minute or so. I am sure hter will be som big moves the next week or so on either a pullback or massive breakout to new highs. We willhave to see what it brings-it has definitely lead the markets.
Jack,
The mini Russell (ER2) rocks for sure.......
It definitely gives you the best 'bang per buck' of the US index futures - IMHO
See my new thread (cum journal) Poking the ER2. I moved from the YM to ER2 because the comparative moves have greater $ values and much lower commission profiles for 'scalp' plays. It also plays out slightly better than the other indices for my edge.
Good luck with it.
The mini Russell (ER2) rocks for sure.......
It definitely gives you the best 'bang per buck' of the US index futures - IMHO
See my new thread (cum journal) Poking the ER2. I moved from the YM to ER2 because the comparative moves have greater $ values and much lower commission profiles for 'scalp' plays. It also plays out slightly better than the other indices for my edge.
Good luck with it.
BC - I personally haven't noticed any differences in terms of fills & slippage - but you would expect that with the number of contract(s) I've been trading with (1 to 3) over last 4 months.
The big wins for me in terms of YM vs. ER2 using IB are commissions and particularly $$ per move. For example, the 7:46pm short in today's session - the ER2 moved 3pts = $300 per C, the YM moved just around 30 = $150 per C. There are numerous other examples and very rarely do you ever find YM beating ER2 in terms of $$ x pts.
Thanks for the feedback on the Poke thread.
The big wins for me in terms of YM vs. ER2 using IB are commissions and particularly $$ per move. For example, the 7:46pm short in today's session - the ER2 moved 3pts = $300 per C, the YM moved just around 30 = $150 per C. There are numerous other examples and very rarely do you ever find YM beating ER2 in terms of $$ x pts.
Thanks for the feedback on the Poke thread.
firewalker99
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Anybody here trading the emini Russell 2000?
If they are, please have a look at
http://www.trade2win.com/boards/showthread.php?t=25740
If they are, please have a look at
http://www.trade2win.com/boards/showthread.php?t=25740
firewalker99
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Just got a message saying that starting tomorrow the ER2 contract will no longer be traded 
I am aware of the change to ICE but I thought CME was going to trade it until September next year?!
I am aware of the change to ICE but I thought CME was going to trade it until September next year?!
YouTubeTrader
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ER2 Trading
I scalp trade the Russell with two primary indicators (stochastic and macd) set at faster than normal settings per the felton trading method settings which I learned. I mainly use this set up so I do not have to sit in trades for long periods of time..I get my quick hits and then I get out to lower my exposure to the market.
I scalp trade the Russell with two primary indicators (stochastic and macd) set at faster than normal settings per the felton trading method settings which I learned. I mainly use this set up so I do not have to sit in trades for long periods of time..I get my quick hits and then I get out to lower my exposure to the market.
Point Attractors
I day trade and swing trade options on Russell 2000 IShares. The thing to keep in mind about this index is that round numbers and half-round numbers (eg. 71.0 and 71.5) are very strong point attractors. They are both sticky and repulsive. The index will hang out at one level, move to the next level, only touch it, then bounce back. This is a result of the places traders put their stops. Of course it happens in many markets but I find it particularly strong in the Russell. An edge.
Z.Z.
I day trade and swing trade options on Russell 2000 IShares. The thing to keep in mind about this index is that round numbers and half-round numbers (eg. 71.0 and 71.5) are very strong point attractors. They are both sticky and repulsive. The index will hang out at one level, move to the next level, only touch it, then bounce back. This is a result of the places traders put their stops. Of course it happens in many markets but I find it particularly strong in the Russell. An edge.
Z.Z.