Any markets open 9p-11p EST?
- Thread starter asmileguo
- Start date
Japanese market opens at 8:00 pm EST. Try any spot pair with JPY in it. Eurusd has movement too.
You can also set up trades to hit in the London Market which gets busy 2:00-3:00 am. EST.
Honestly 6.5 hours utterly exhausts me.
And of those 6.5 hours the market only really moves at a the opening bell for an hour or so and again near market close. During the middle of the day price tends to drift.
Here's a shot of the mnq night shift.
Look around and run some quick and dirty stats on paper or spreadsheet on setups the you could use, on various products.
Here's a shot of the mnq (micros are great for getting in the game for cheaper) but by all means look at 20 or 30 different products during the relative times that you plan to trade by all means.
10 Ways Traders Take Profits
https://www.elitetrader.com/et/thre...t-right-here-baby.335635/page-13#post-5073703
A tip of the hat to Robert Morse for his post from which this was lifted,
'What is your process?
What triggers a buy or a sell to open?
What triggers an exit?
How do you size your trades?
https://www.elitetrader.com/et/thre...solid-trading-plan.340340/page-4#post-5031706
What would you say belongs in a solid trading plan?
https://www.tradinghours.com/exchanges
If you're not sure about the time...just click on the link Sunday - Thursday between 9p - 11p est to see what markets are available to you.
Yet, if there was another question in your question...you can test your trade strategy (whatever that is) only different markets in that time period to determine which market your trade strategy works the best.
wrbtrader
Have your wife learn to trade too.
motivated women can trade just fine.
here's a straightforward possibility for consideration by you and she and any of age children that you may have; the Hammer at Support or Resistance. Hammer being any of the 4 versions of this particular doji formation.
https://www.elitetrader.com/et/threads/hammer-and-inverted-hammer.344453/#post-5096115
here's a technique that the kid's can run benchmark statistics on a hundred setups or so for you while you do the day job. The good ol' hammer candle at support and resistance. Let them know that you are particularly interested in the ones that do Not work, but to record all of them that fit the pattern.
What Pattern? There is a TON of information about Hammer Candles all over the place.
Let them craft what they think is the best of the best information into a set of instructions.
If they can't or don't want to do it, then the wife, if no interest, then you, amigo.
It is a blood simple setup in and of itself.
Identifying Support and Resistance (look it up) is another topic, but some S&R is so straightforward that it is hard to miss, like previous high nearby, etc.
cheers and best of luck to you.