Hello Maxinger can I ask you a question? Do you prefer to trade highs or lows of the previous day so that the price is not moving in a range? Obviously check the engines of the day too, correct?
Day & Night trading Derivatives Futures
- Thread starter maxinger
- Start date
not sure of your question.
So I will roughly guess your question.
I want to increase my odd of success.
so my focus is on those futures that have been known to be moving (eg index futures, gold, oil, long term bonds ...).
eg if Europeans move a particular instrument, Americans would be keen to move it too (it might be continuation OR reversal).
good example is last Friday Germany bund & fgfx.
if you see my previous posting, I focus a lot on trendiness (decisiveness).
Last Fri, I traded US index futures and I stepped on quite a few landmines as its movement was rather chaotic.
Last Fri, Asian index futures were very trendy ie easy to earn money.
when market is ranging, it could be tradable especially when it is big range, and its movement is organised. eg on 25 Mar, ES swinged up and down many times during Asian, Eur, and US sessions.
last Fri, gbp was moving in big range during Eur session. But movement was very chaotic - ie difficult to earn $.
when is market going to range? I have no idea.
I focus on catching continuation and reversal signals.
about 30 to 40% of my signals are reversal signals.
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time to look at my archived workspace.
Haven't seen it for months!
most of these charts have very wide range since end Feb 2020.
Eurex stoxx 50 - rather trendy. time to shift it back to active workspace.
good alternative to dax.
stoxx 50 - price @ 4 characters
dax - price @ 6 characters !!! no good for old people like me
hmmm. LE live cattle dropped from 128 to 90 in just few weeks.
HE lean hog - no major drop.
what happened to the cattle?
corn, soya, wheat - day range not that great.
Haven't seen it for months!
most of these charts have very wide range since end Feb 2020.
Eurex stoxx 50 - rather trendy. time to shift it back to active workspace.
good alternative to dax.
stoxx 50 - price @ 4 characters
dax - price @ 6 characters !!! no good for old people like me
hmmm. LE live cattle dropped from 128 to 90 in just few weeks.
HE lean hog - no major drop.
what happened to the cattle?
corn, soya, wheat - day range not that great.
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Hello again I wanted to say if it is better to trade futures that have an escape from the previous day For example GBP / USD this Friday (so that the movements of the day are cleaner)
Well, this is a bad example, really, because GBP / USD does not decide to rise strongly until it breaks the daily high of the current day.
It really is difficult to forecast when there will be a strong trend in the future.
However sometimes the price moves in a range but the movements are clean and easy to trade.
Other times the day may be trending but movements can be difficult to trade.
In a word: It is not easy But with good risk management, you can make money even in small price ranges.
However sometimes the price moves in a range but the movements are clean and easy to trade.
Other times the day may be trending but movements can be difficult to trade.
In a word: It is not easy But with good risk management, you can make money even in small price ranges.
It makes sense to focus on the futures that are the engines of the day.
Normally behind there is some news behind that supports the movement.
Normally behind there is some news behind that supports the movement.
I want every day to be like this!
Yes, it is the best way to think.
Be open to any possibility.
You will never really know what will happen next to the last candle.
An example from this Friday.
This is what I mean.
Trading with gasoline is easier because the movement is more orderly.
The question is: How to know that the movement will be more orderly?
This is what I mean.
Trading with gasoline is easier because the movement is more orderly.
The question is: How to know that the movement will be more orderly?