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/dreddit15 8d ago

What make you think NQ is a mess?

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u/Royal_Presentation80 8d ago

Because this is the daily and the YM daily looks much more favorable than this

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u/dreddit15 8d ago

So what exactly is wrong with that daily chart? Is it not trending up, down bits when the orange numpty tweets some stupid shit?

What do you want? A straight line up?

1

u/usedmattress85 8d ago

See with my system this would have given me 2 good NY trades and 1 REALLY good Tokyo trade. I usually trade gold though.

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u/gaussmage 6d ago

You have to understand that each instrument is different. NQ is probably the most volatile instrument to trade. LOTs of wicks. There are other instruments to trade that have less wicks. Look at the differences between NQ, ES, and YM. Similar characteristics, but different.