Day & Night trading Derivatives Futures

orbit23 said:
On Binance futures spread is 0.1$, which is the minimum (if that's what 1 tick means).


For me the hardest to trade is when the market is trending strongly. If i am not in the trade before the move happens, i don't know what to do (even though i know the market is moving strongly).

Because usually there is no meaningful retracement and i have no idea how to enter and where to place stops.


I traded a lot on 1minute timeframe, probably thousands of hours. There were periods when i would make money, but then i would just give it all back when market settled down...

Would get my ass chopped a lot, taking random setups counter-context(mostly counter-trend), many times i got it right on 1min timeframe and market went in my direction but i would hold it hoping for a bigger move only to have it reverse against me :rolleyes: And then when the move finally happened i wasn't in it.

Also lots of top/bottom fishing and i would get it *roughly* right, but then market moved just slightly and stopped me into the bottom or top :vomit:

So i would be getting the bigger moves *right* but end up losing money on 1 minute charts and tight stops :banghead: :)


Bigger timeframes work for me because instead of getting chopped, i get in on limit orders or when there are clear signs of incoming momentum.

But then the problem being is it takes such a long time for setups to happen, it's not very engaging and i lose attention and get distracted. I need something to do/something more fast paced to keep me engaged.
Lower timeframes are engaging and make it easy to keep you glued to the screen (but you find yourself trading a lot of non-sense chop).

But then again, i would guess that is the existential question of every day-trader.


These volume-based candles are ingenious because they adapt depending on market volume(volatility). Of course there is nothing magical about it, but it's an interesting concept and i will be experimenting with it to see if i can make it work.


There was a nice impulsive move down on friday in Bitcoin and i watched it happen but didn't take any trades.
More...


There are only a few days in a month when the market is easy to trade.
Most of the time, the market is choppy/erratic/chaotic/not decisive/not trendy.

I use Intermarket correlation to remove some of the false signals.
But I might miss taking the good signals.

Today I am going to pay a little more attention to copper.
Lately, The big boys have been focusing on it.
 
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maxinger said:
There are only a few days in a month when the market is easy to trade.
Most of the time, the market is choppy/erratic/chaotic/not decisive/not trendy.

I use Intermarket correlation to remove some of the false signals.
But I might miss taking the good signals.

Today I am going to pay a little more attention to copper.
Lately, The big boys have been focusing on it.
More...
upload_2024-5-13_11-1-3.jpeg


Good intermarket correlation among
copper, Hangseng, China A50 during today's Asian session.
 
upload_2024-5-16_15-27-59.png


16 May 2024 European session

sigh ... how to catch that elusive up signal?
:banghead::banghead::banghead::banghead::banghead:

max profit of $1600 / lot in just 10 minutes!


And how to avoid that fake/failed up signal at ~15:00 hrs?


Time to change chart parameters
volume : reduce to 45V and 100V
max stop : increase to 15 to 20 ticks

anyway for the next few hours/days, there will be tons of copper trading opportunities.
 
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upload_2024-5-17_7-54-12.png


Natural gas

lower histogram - day range. The higher the better.
0.10 point day range = 4% day range

The day range is still quite good.
NG moves a day, rest a day or two, then move ...

But there are days when it hardly moves.
There are also days when the day range is beyond the chart
especially during the freezing winter time.
 
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upload_2024-7-5_15-9-37.png



5 Jul
BTC or MBT futures


I don't trade BTC or MBT because the volume is still not that great.


Comments:
A)
1st signal - use a smaller volume chart (because not many traders
were aware of BTC movement)

subsequently use a bigger volume chart

This applies to most futures.


B) The retracement Pattern and Entry
1st 3 Point Entry and
2nd 3 Point Entry

Notice that these retracement patterns are similar.


The 1st 3 Point Entry - notice how messy the chart is.
ie very difficult to catch this signal.

If you see a 3rd 3 Point Entry, don't take it because it is of higher risk.


C)
2nd chance Entries

Occasionally, the market is kind enough and offers you a 2nd chance to enter.
But most of the time, the market is ruthless.

D) over the next few hours, BTC will be untradable because it is in the garbage zone.


E) for the past 3 days, the Asians (or Japanese) were very eager to short BTC.

Good Luck Day Trading.
 
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