Day & Night trading Derivatives Futures

cont ...

US index futures

It went down during mid Asian session.
Now it is going side way & has found its comfort zone.
No more thick slab of juicy melt-in-mouth wagyu beef .
Only left with crumbs, skin, bone, insides.
Not worth trading such market.

Such market is called D market
(dead, deadly, doom, damn, disastrous, damaging, dangerous,
demonic, devilish ....)
my goodness! letter D is probably the most negative character.
Those world war 2 commanders must have studied characters in great detail
and choose character D for D day.



only a powerful presidential twitt or equivalent can market
get out of D market.



things might change later. Anyway
Time to watch Netflix program. Then sleep.
 
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trader1974 said:
How do you know when it is better not to operate?
More...

as mentioned in my previous posting, I avoid trading those futures which move
in erratic chaotic violent manner.

I look at charts visually.
Some traders use indicators to check for trendiness.
I don't use any indicator.
 
es.png

hmm. ES day range is going down. it is still rather high.
ideally it should be around 50 points.

hope the FREEZING problem will be over soon.
 
So when the daily candles are small range it is better not to operate.
I have a positive week but then in a day that the market does not move I lose everything.
It is frustrating.
 
trader1974 said:
So when the daily candles are small range it is better not to operate.
I have a positive week but then in a day that the market does not move I lose everything.
It is frustrating.
More...


Some futures tend to have rather small day range (eg corn, soya, wheat, short term bonds ...).
i don't trade that.


Some have rather big day range (eg India Nifty, HO, RB )
but difficult to earn money due to untrendliness or very wide bid offer spread


So I trade things like index futures, long term bonds, oil, gold .... which tend to have big range. but it if not trendy, it is difficult to earn money.
to check for trendiness, look at past few hours candle sticks.
yesterday, during end Eur and early US session, US index futures were moving in rather erratic chaotic manner. checking for trendiness is an art.
At times, I got my trendiness analysis wrong, and I missed great opportunity or I suffer losses.
 
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But for example today the range of the daily candle in crude oil is small compared to other futures, but today the future of crude oil has the most profitability.
Because the crude is only at $ 22, the daily candle range is small but in reality it is the one that moves the most, right?
 
Agree.
Now I understand.
It is the same to buy a future at 6000 and sell at 7000, as to buy the same future at 12000 and sell at 13000.
So, profitability doesn't matter.
Import the range.
Now I understand.
 
trader1974 said:
But for example today the range of the daily candle in crude oil is small compared to other futures, but today the future of crude oil has the most profitability.
Because the crude is only at $ 22, the daily candle range is small but in reality it is the one that moves the most, right?
More...

as mentioned in earlier posting, crude oil tends to have wide day range.

today crude oil chart is rather trendy ; uptrend started around mid Asian session.
do note lately crude oil tends to move during asian session.

occassionally crude oil movement could be chaotic and that's where chances of losing money is high
 
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