Day & Night trading Derivatives Futures

upload_2024-3-1_13-17-52.png


1 Mar Trading China PMI data release


Such a nice chart is not very common.

Notes :

***** I don't trade a few minutes before data release

wave 1 will give you a decent reward : risk ratio of 5 (max 12).

HangSeng Futures and HangSeng Tech futures moved in tandem.
So that was great.

after wave 3, it will probably enter the GARBAGE zone.

China A50 refused to move decisively.
That is quite normal.
 
Last edited:
4 Mar 2024

BREAKING :

The Asian market is dead ahead of China 2 sessions


# signals during the Asian session: ZERO
such a situation is rather rare.
The Asians are waiting for China's 2 session meetings.


Last Fri, the European indices were very dead too (except CAC40)

___________________________________________

And CNBC headlines are :

U.S. crude touches $80 for first time since November before OPEC+ decision !!!!!!
PUBLISHED FRI, MAR 1 20248:49 AM ESTUPDATED FRI, MAR 1 20242:47 PM EST


UPDATED SUN, MAR 3 202411:49 PM EST
SHARE
Japan’s Nikkei smashes 40,000 barrier after Wall Street benchmarks hit record highs; China ‘Two Sessions’ meeting in focus

____________________________

 
Last edited:
maxinger said:
4 Mar 2024

BREAKING :

The Asian market is dead ahead of China 2 sessions


# signals during the Asian session: ZERO
such a situation is rather rare.
The Asians are waiting for China's 2 session meetings.


Last Fri, the European indices were very dead too (except CAC40)

___________________________________________

And CNBC headlines are :

U.S. crude touches $80 for first time since November before OPEC+ decision !!!!!!
PUBLISHED FRI, MAR 1 20248:49 AM ESTUPDATED FRI, MAR 1 20242:47 PM EST


UPDATED SUN, MAR 3 202411:49 PM EST
SHARE
Japan’s Nikkei smashes 40,000 barrier after Wall Street benchmarks hit record highs; China ‘Two Sessions’ meeting in focus

____________________________
More...

correction :
Taiwan Index futures moved 1%.

Obviously, I missed that signal.

Taiwan Index futures just broke a record high.
 
tony.m said:
Some days Nikkei follows US markets 1 to 1 but sometimes it just doesn't care what other markets are doing.
Have you found any nikkei 225 correlation ?
More...


Nikkei 225 has its own backbone / mind.
So it tends to move as and when it wants.
It doesn't correlate well with other indices/markets.

At one stage, Nikkei was highly tradable
because of this mother-of-all tsunami in Japan.
Many traders became very rich because of that.


I haven't traded Nikkei for years.
 
6 Mar Day of mega movers

mega movers were:
Taiwan index
hangseng and hangseng Tech
Thailand set50
India Nifty
NK

The movement is probably due to China's policy change.
The Day range should continue to be healthy.


Other movers:
China A50
ES
NQ
copper
crude oil
gold (choppy!) and bonds
 
upload_2024-3-13_21-44-14.jpeg


13 Mar US opening session

Now DST

Russell 2000 has been known to be very shy.

When ES NQ & YM are not moving, then Russell 2000 moves.

Russell 2000 - my first futures day/night trading decades ago.
How can I forget?
 
Last edited:
CME Bitcoin futures trading parameters


After many years, let's see if CME bitcoin futures is suitable for day trading.

MBT volume (about 40k / day) > BTC volume
so it looks decent

tick size: 5 points.
This is extremely tiny

volume chart : use 50V or 100V or more

max loss: 200 points (ie 0.3%)
cannot make it smaller to due the very choppy movement
max loss is relatively high compared with other futures

bid-offer spread : it is in terms of tens of ticks
it is one of the worst spread in this world


Not suitable for day trading.
There are many other better futures for day trading.
 
upload_2024-3-24_7-38-49.png



20 Mar MBT futures

How to day trade MBT futures?


What a choppy day.

Choppy markets are very common for most of the futures and not just MBT.
Choppy markets happen 95% of the time.
How to trade in a choppy market? Don't trade.

I allow a maximum of 3 failures per futures, per day.



Anyway, the chart exhibited an open wedge / swingupswingdownupdown formation.
 
Last edited:
26 Mar gold trading

upload_2024-3-27_8-47-43.png


This pattern is quite common.

wave 1 - reversal signal.
Before that, the Europeans pushed the price up.

wave 2 & 3 - continuation signal.


day range on 26 Mar was at the healthy 1.5%
 
Last edited:
You must log in or register to reply here.
Back
Top