All Milk no Cream

I came across an interesting study here that looks at emini ES volatility historically and then compares it to trading the Euro FX future (6E).

You can only make as much money as the market allows. I trade the ES because of its deep liquidity. I have spoken about using FloBot to enter trades and then managing the trade manually. This is one of the reasons why. Often, a trader can recognise the context that he is in and see that the market is not going far so he goes all in and all out rather than scaling out.

There is an argument that the real liquidity of the Euro FX future is even greater than that of the ES because the arbs are in the 6E market and will keep it in line with the cash FX market which trades trillions.

Another plus of this market is that it has three "hot" zones as the world turns, so traders in all the time zones have an active period.

If the real liquidity of the 6E is still an issue for you, have you thought about trading the cash Euro/$US market but using the 6E charts, where you have proper volume reported, for your analysis?

Today's ES trading was quite boring again. FloBot tried to get some trades going but I took profits quite early, mostly smallish profits, as there was no follow through and momentum died. Barely milk from the cow today and definitely no cream.

 

The second smoothed CVD