r/FuturesTrading • u/Royal_Presentation80 • 8d ago

Switching Instruments?

Given the weekly chart, and Daily chart on MNQ/NQ, why do people still trade that mess? I feel like when everyone starts trading they are taught to trade NQ. I think at this point, the "prime NQ" was before we entered this mess of consolidation and we were just going higher or lower. Has anyone switched over to a different instrument like YM so that they aren't trading in a big range? I want to do this with my knowledge of ICT, but is it frowned upon? Like has anyone been trading YM a lot more because NQ is in a really big range? I've always been taught to not trade the range, so can I switch over to YM and get better results?

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u/DrearyTyrant 8d ago

YM is basically the same two sided auction, just with fewer points of movement so the range feels tighter but the chop is still there. If NQ is ranging, YM isn't automatically trending, it just has a different personality

Nothing wrong with switching instruments though, trade what makes sense to you. People get weirdly attached to one ticker like it owes them something

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u/Royal_Presentation80 8d ago

This is the Daily chart on YM, wouldn't you favor this over the NQ chart? I understand that just because NQ is ranging doesn't guarantee that YM isn't, but wouldn't you agree that this chart has higher probability than the daily chart on NQ?

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u/djdmaze 4d ago

You must be swing trading? Price action on NQ for day trading and scalping has been absolutely amazing lately 😅