If you believe day trading will not lead to multimillionairedom, then it will definitely not happen.
If you believe day trading (or being a lawyer/surgeon/scientist/banker/accountant ...) will lead to multimillionairedom, then your dream might come true.
1 JUL early US session summary
movers were
commodities like Natural gas, copper, crude oil, HO ...
NG day range should be decaying soon.
sleepers were
US index futures and the usual stuff
(calm before the storm?)
quite a similar pattern as in previous days
look at the recent day range :
NQ 80 points (0.5%) <<<< very low
Es 20 points (0.5%) <<<< very low
dax 260 points (1.6%) <<<< very high
cac40 104 points (1.6%) <<<<< very high
Taiwan index 24 points (1.5%) <<<< very high
actually during yesterday US session,
the commodities (copper, NG ....)...
It depends on what sort of trader you are.
Roughly, swing trader trades a few trades a day or week.
light day trader trades tens of trades a day.
heavy day trader/scalper/algo trader trades hundreds of trades a day.
30 JUN US session
seems like US index futures will most likely fall asleep again.
Time to destinate US session as D session.
Most likely for today, the worst session to trade is the US session.
ok. time for me to stop trading.
anyway, today's Asian and European sessions are great sessions for...
Micro Bitcoin MBT update
parameters :
volume charts: 40V and 80V
candlesticks : use heikin Ashi due to the choppy movement
max stop loss : 40 points
ave daily volume: 15k which is extremely pathetic
ave day range : 2000 points (5%)
trendiness : an eyesore / relatively lousy
bid-offer spread ...
29 JUN
summary of movers :
index futures:
Asian : simsci, China A50, India Nifty, hangseng
European : dax, fce, omx
commodities:
copper, gold, oil
Natural gas
and the sleepers were :
US index futures
and as usual, bonds and currencies
different people analyze it differently.
to me, there is no inverse SHS.
there is the left rectangle - the trendy region.
and the right rectangle - end of the trendy region /
useless garbage region
when there is some very major event/news,
then ES YM RTY NQ ( US index futures) will all move in tandem;
ie they will be highly correlated.
When there is no major event/news, there will be no correlation.
The same behavior also happens to the
Asian & European index futures.