helo traders its a samurai trader here welcome to this session in today's
session I'm going to be covering a number of alternatives that you have to
train trading the ES a number of members felt frustrated with the ES just the
way price action moves at time so we'll just have a quick look at a number of
alternatives as we get underway of course you need to understand the risk
of trading do not trade with the rent money so please ensure if you're new to
my channel particularly that you read the risk disclaimer and members as you
know this is on every one of our videos if you haven't already done so if you're
just visiting my channel for the first time please subscribe where you'll be
able to be kept up to date with the many videos that I actually record now when
it comes to my form of trading only trade one market at a time because I'm a
fairly short term scalper that is if I'm trading the NQ I'm after 12 to 14 ticks if
I'm trading the ES I'm after four to six ticks at a time so I find as a short-term
trader I can only focus on one market at a time so if you are newer trader
perhaps consider that as well we've got some members that do very very well in
trading multiple trailer timeframes and multiple markets I prefer one market at
a time and that just really works well for me now as members of the day traders
fast-track program you would have received this PDF in your kit when you
first purchase your program and of course this doesn't scroll all the way
down so you can't see CL oil so it gives you lots of different alternatives that
you have in trading the markets so what we're after of course or I'm after
particularly as a day trader I'm after volume and volatility now at the moment
I'm very focused on the ES because of volume it's in the fine it works well
for me where I used to be a full-time trader on the NQ
you a little too little in the YM and oil but right now I'm ES because of the
fund on trading but there are some other great markets at work really well and
we're going to have a quick look at those so as a quick summary if I just
take you back and excuse me for the experienced traders you'll have to
excuse me as I go through this is really for the benefit of perhaps newer traders
or traders that are looking at alternatives the ES of course moves in
fifty dollar points four tick to a point at twelve dollars fifty a tick the NQ is
twenty dollars a point five dollars a tick the YM is five dollars a point CL
ten dollars a point TF the Russell is one hundred dollars a point it moves in
ten dollar tick increments now i want to put these up now unfortunately for
tradestation I which I trade with I can't get data for the nikkei mini 225
now nikkei 225 many it's the most liquid futures contract in Asia and it works
during and runs works it's open during the Japanese session and it's got
incredible volume it's got seven eight hundred thousand contracts traded ain
that's a tenth the size of contract size of nikkei large contract so that I
think it's a CME has a large contract but the mini is one-tenth of a size so
it's approximately because it's ten yen of course and it trades on the For a
member on the Osaka exchange it works out to be around four dollar sixty a
point USD now I know that through various brokers in the US other than
TradeStation you can actually get the data and you can also run it through
through ninja trader so I would really recommend for those members that are
getting home from work in the US and canada and even those in Southeast Asia
are using ninja trader and perhaps some of the other programs or platforms where
you can get the data have a good look at it because it's got
lots of volatility it's some beautiful smooth trends so I think it's some
really well worth looking at and one of our members recently pointed this out to
me and it's it's really i'd highly recommend that if you can get the data
for it and if you can trade it on your platform you have a really good look at
that market now this is i was put onto this particular which I knew of the CME
forex contracts let me get this right as I say traders my videos are all real and
unedited and there's no scripts I have to excuse me here the September contract
for the euro USD is M6EU16 now the margin is only four hundred five
dollars and it's at 100 sorry 125 a tick one dollar 25 per tick and I was just
looking at that today and for those with a small amount of capital it's just
something you may choose to have a look at there's not a huge amount of volume
or contracts run through it but looking at it today there's a real alternative
air and set there's some if you're just trading under 10 contracts it just may
be an alternative for you to have a look at now of course all of the setups we're
about to have a look at some quick look at some charts it's all covered in the
day traders fast-track program if you haven't subscribed to my channel this is
before we go to the charts please do and please visit my website to discover more
about the day traders fast-track program one hundred and ninety seven dollars
gives you 12 of the world's best day trading strategies including indicators
for many trading platforms I've now got but please go to my website and you'll
be able to find out more information but let's go and have a look at the chance
so let me just skip across here for a moment so what we're looking at here
traders is the dow YM now we can see on the left-hand side you can see a chart
there i've got a six range which means that each candle there is thirty dollars
six tick six points and on the right is an 89 tick i really like the 89 tick a
during the New York session and dropping down 55 tick
go even lower during the globex session and of course for those members all of
this is covered in also an additional recording and my preferred day trading
chart settings so you can look at the time settings that i really like etc now
i don't actively well I don't day trade at all stocks in the US but the 133 tick
looks good on that flex Facebook 233 tick on the spy 550 tick looks great all
of this you can is explained and run through on a nine minute video that I
have in your course so you've got the PDF in your program so on the right is
the 89 tick and wouldn't just see here you get some beautiful trends there of
course you've got a t20 you've got a t2 a 34b 34b lovely t7 so that's on the
89 tick if we just have a quick look at the range now one reason I've brought the
Ranger I like the range on some of the what I call spiky markets it just can
smooth out the chart so you'll hear me quite often talk about rain chance on
the ym and NQ it can smoothen out with that being said I would try was
generally trading tick charts on there but a lot of members have come back to
me and said look I find it a bit choppy what can we do about that well a
consideration might be to go and have a look at range so what we're looking at
here is the ES now the ES this is a 550 tick and some traders to find these
areas I'm difficult to trade once again i love the ES it's great for volume you
can easily trade on a 10 lot trader i get virtually no slippage on a market
order and one thing on that a lot of that traders have come back to me and
said or at times last meal why don't use limit orders instead of market orders
well as a scalper I'm basically trading momentum and if i'm using a limit order
by the time I quite often my move is well and truly
over and as I'm only scalping typically four to six ticks you know the moves over
it's finished that's why i prefer market orders so in the Globex session which we
have right now i'm recording this at 3:38 Australian time are you get on a used
limit orders basically every day but during the New York session on the
market order person now if we now have a look at what have I got on this chart we
look at the NQ now the NQ we've got before you on the right hand side we've
got the 133 tick and let me just get this right here so we're looking at the
same time frame okay so there so this is the 1.5 range or six tick NQ and this is
the 133 share bar so if we look at that there we're getting more candles of
course appear on the NQ and if that's too fast for you simply maybe go up to a
to range sorry a yeah to range which i ticks and it would slow that download or
if it's moving too quickly for you but I just find them the markets a lot
smoother in my opinion I just prefer using range for the newer traders so
when I say before let me give that clarify that because otherwise members
jump on this straight away what do you mean by that I'm comfortable with tick
over here on the right but if you find its two would be consider the range
that's what I'm really saying there so there are lots of alternatives to
trading the ES so in my order of preference let's just quickly go back to
the PowerPoint and we'll have a look at that where are we here okay I would
start off with the NQ the the YM we've got some members a kick-butt and really
like the way in now mathematically i should point this out to at five dollars
a tick compared to 12 dots 50 per tick you're actually better off you get what
we call more bang for the buck on the NQ
and YM now another beautiful trendy market is the black gold is CL you can
do really well on there but as it with all markets traders they have different
personalities so what you want to do is to spend time on those markets and this
leads me into one more thing I've got to bring this up now ill lighting go back
in i think it was nineteen fifty-eight he actually recorded the very first
motivational record on personal development and it was called The
Strangers of a stranger secret and of course Earl Nightingale for those are
oldies in the states he was a famous radio announcer and he interviewed
hundreds of successful people on his radio show and he brought he brought
these record at it was called the straight the st. the strangest let me
get this right sorry the strangest secret and the strangest secret was come
down the one thing when he analyzed what all of these famous people why they
succeeded and it come down to we become what we think about we become what we
think about now he also come up with this great quote which is really
applicable today trading traders never give up on a dream just because of the
time it will take to accomplish it the time will pass anyway in one year's time
you can either stand back and say well I've done it I've made it or you can
regret it and I think what does am I think it was the great Jim Rowland used to
say discipline ways answers will regret weighs tons in other words traders what
I've just covered for some of you may be well a little bit overwhelming but take
your time treat it as a three to six-month experimental or should
research that experiments research project because the times are still get
almost daily some people come back and say there's so much to learn well
traders you got the greatest opportunity in the world today so give yourself time
which is really important so we can see here we've got a fantastic market
it's you've got CL ym and NQ with the Russell by the way I'm not a big fan of
a Russell that's just me other traders love the Russell so spend some time on
all of those markets and the nikkei if you can get that data traders do some
research I really think and I'm seriously i'm just looking at what do i
do as a trade station user I've been with tradestation for many many years
and it's a real bummer i can't get the data for it because i would probably be
trading that market right now because the trends that it runs a beautiful it
really is now the few of the forex market there the CME contract there on
the futures contract it just doesn't have the volume to make me feel really
comfortable but it may be a consideration for the smaller traders so
all of this of course is covered in the day traders fast-track program for
members are as a reminder you've got the futures cheat sheet in your course if
you can't find it drop me an email or suit you add another one of course so
there's a nine minute video where I cover this preferred day trading times
of course and a whole lot more so I hope you get some ideas and some strategies
out of this video Thank You traders