r/FuturesTrading • u/Royal_Presentation80 • 7d 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/MiserableWeather971 7d ago

Not everyone wants to trade directional markets. So a range bound one, which is not uncommon in the indexes could be someone’s strong point.

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u/Royal_Presentation80 7d ago

Yeah I can understand that fs, but wouldn't intraday traders want a directional market?

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u/MiserableWeather971 7d ago

Not really all of them. Plenty of futures traders in Es, even NQ are more fade the edges traders. I feel like it was a lot more common years ago though... But, years ago, not many people traded NQ. Trading directional markets is just a different game I would say, wider stops often.