Day & Night trading Derivatives Futures
- Thread starter maxinger
- Start date
Inter correlation analysis
This is very important to improve the success rate.
1. there are thousands of fake / lousy signals.
so inter-correlation analysis helps improve the success rate.
take for example yesterday 9 Nov 2021.
ES, NQ, Russell 2000 went down around the same time during the early part of
the US session.
When such futures are moving in tandem, the success rate tends to be better.
2. There are times when the market movement is choppy and chances of failure are high
due to whipsaw.
Eg during the US session, you want to trade ES / NQ but the market is choppy.
Look at other Inter correlated futures (eg DAX, Hangseng, CAC40 ...).
see whether DAX, Hangseng, CAC40 .... movement is more decisive / less choppy.
If it is, trade the more decisive futures.
That helps improve the success rate.
Intercorrelated futures grouping
- various index futures as mentioned above (quite common)
- index futures and commodities like copper, crude oil (quite common)
- bonds and gold (occasionally)
- index futures and major currencies (seldom because currencies like to sleep)
- copper, crude oil, gold, currencies (because of the common denominator US Dollar)
- Shanghai INE copper and US Comex copper (quite common)
- Shanghai INE crude oil and US Nymex crude oil ( quite common)
etc etc etc
The above list keeps changing. so keep yourself updated.
This is very important to improve the success rate.
1. there are thousands of fake / lousy signals.
so inter-correlation analysis helps improve the success rate.
take for example yesterday 9 Nov 2021.
ES, NQ, Russell 2000 went down around the same time during the early part of
the US session.
When such futures are moving in tandem, the success rate tends to be better.
2. There are times when the market movement is choppy and chances of failure are high
due to whipsaw.
Eg during the US session, you want to trade ES / NQ but the market is choppy.
Look at other Inter correlated futures (eg DAX, Hangseng, CAC40 ...).
see whether DAX, Hangseng, CAC40 .... movement is more decisive / less choppy.
If it is, trade the more decisive futures.
That helps improve the success rate.
Intercorrelated futures grouping
- various index futures as mentioned above (quite common)
- index futures and commodities like copper, crude oil (quite common)
- bonds and gold (occasionally)
- index futures and major currencies (seldom because currencies like to sleep)
- copper, crude oil, gold, currencies (because of the common denominator US Dollar)
- Shanghai INE copper and US Comex copper (quite common)
- Shanghai INE crude oil and US Nymex crude oil ( quite common)
etc etc etc
The above list keeps changing. so keep yourself updated.
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12 Nov Dooms day trading
# signals during early Asian session : zero
This is extremely rare.
The market is getting dangerous.
Let's see if there are any major Eur news/events.
let's see the CNBC headlines :
Asia - asia pacific stocks rise; JD.com shares in HK surge
Oil - oil falls on higher dollar in volatile week
Gold - gold set for best week in 6 months on inflation woes
forex - Dollar hits 16 month high as inflation fears put it on track for best week since June
Bloomberg headline :
Why Everyone's suddenly talking about inflation
# signals during early Asian session : zero
This is extremely rare.
The market is getting dangerous.
Let's see if there are any major Eur news/events.
let's see the CNBC headlines :
Asia - asia pacific stocks rise; JD.com shares in HK surge
Oil - oil falls on higher dollar in volatile week
Gold - gold set for best week in 6 months on inflation woes
forex - Dollar hits 16 month high as inflation fears put it on track for best week since June
Bloomberg headline :
Why Everyone's suddenly talking about inflation
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I've been enduring corrections for 5 years. I have zero worries, because I be a swinger/position-type. F the bears.
15 Nov index futures summary
# Asian index futures signals - only 2
China A50 and Hangseng. reward : risk ratio only 2.5
India Nifty was moving. unfortunately, it was very choppy.
# Eur index futures signals - dax cac40 omxs30 ftmib fesx all sleeping
# US index futures signals : as of now 3
ES, RTY, YM. RR ratio about 2.5
These signals occurred during the European trading session
overall the market is rather quiet.
so far no storm.
OK. time to stop trading.
# Asian index futures signals - only 2
China A50 and Hangseng. reward : risk ratio only 2.5
India Nifty was moving. unfortunately, it was very choppy.
# Eur index futures signals - dax cac40 omxs30 ftmib fesx all sleeping
# US index futures signals : as of now 3
ES, RTY, YM. RR ratio about 2.5
These signals occurred during the European trading session
overall the market is rather quiet.
so far no storm.
OK. time to stop trading.
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gold
good trendiness / decisiveness today
16 Nov gold signals
454p up
900p up again
958p reverse down
1005p down again
1044p down again
1212a down again
such a trendy, decisive, easy-to-trade day is quite rare.
most of the time, the market is choppy / unkind
crude oil, copper, India Nifty markets were also quite decisive.
Let's see the CNBC gold headline;
Gold firms near 5 month peak on persistent inflation bets !
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