Day trading derivatives futures.

5 oct Eur session

what happened so far ...

NQ up 832a (probably due to Nikkei)
HangSeng reverse down 944a
Taiwan Index down 1004a <<<< superstar performer !!!
NQ also down 1004a
TW HangSeng reverse up 1040a
IN Nifty down 1228p

Why Taiwan Index went down sooo much?
Absolutely no idea & there was absolutely no prewarning.

India Nifty now at 10500. is it aiming for 10000?

ha! look at NQ. See how it is sleeping. wonder when it will wake up.
 
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5 oct US session

what happened during end Asian and Eur session :

IN Nifty down again 142p
Hangseng up 154p
NQ down 224p
germany fgbx down 302p <<<< super star performer !
NQ down again 307p
copper down 402p (continuation from US session)
Italy btp down 436p (spreaders not spreading italy and germany bonds?!)
IN down again 502p
IN down again and again and again @532p <<<< mega star performer !

IN Nifty aiming for 10 000?
Perhaps few days later, news reporters will talk about India markets.

Now wait for NFEC news.

again how nice if I could just catch half of these signals.
 
5 oct NFEC trading

NQ reverse down @835p
NQ reverse up @845p. let's see how far it can go.

nowadays gold eur gbp are immune to nfec news.
 
5 oct summary

futures that went down significantly.
Taiwan index
India Nifty
NQ (but very jerky spiky messy. very easy to lose money trading it)
YM, RTY, ES ( they are much more organised than NQ)
germany buxl


futures that went down :
Natural gas (lately getting quite tradable)
Hangseng


futures that went up :
gbp (but untradable because very jerky spiky messy )
mexican peso (but untradable because very jerky spiky messy)
soya
lean hog


futures with small range ( very easy to lose money trading these )
gold
eur
oil (because previous day long red candle)
copper (because previous day long red candle)

____________________

So if you are lucky to pick trendy futures, good for you.
And if you are unlucky to pick those very hard to trade futures, then very easy to lose money.
 
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8 oct signals summary


NQ down 613a
tw index reverse up 903a
gold down 903a
gold, gbp down again 931a (start of week effect?)
CNX China A50 down 955a
Hang seng , CNX china A50 down 1024a

IN Nifty up 132p
Hang seng reverse down 134p
NQ down 333p
germany fgbx up 405p
Italy btp down 408p (spreaders spreading italy and germany bonds)
IN Nifty down 430p
IN Nifty up 530p

Natural Gas up 702p (very tradable outside US session )
NQ down 855p
crude oil up 906p
NQ up 939p
NQ down 1045p
NQ UP 200A


most of the index futures exhibit similar pattern ( swing up swing down )
copper sleeping.
 
9 oct Asian session

again index futures expected to move.

best futures to trade is India Nifty.
One thing good is its short trading hours ( 6 hours only) and its good trendiness.
only need to glue ourself to the computer screen for 6 hours.
trade with hugh quantity!
target profit > $4k.
max loss $1k
 
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9 oct eur session

Unfortunately, it is time for IN Nifty to sleep. It has not slept since 21 sept.

For those futures that have already moved yesterday,
I'd trade with caution by reducing trade quantity as today is considered a high risk day.
 
Handle123 said:
How is any trade considered different risk?
More...

These are the situation which I considered higher risk :

- 2nd signal of trend continuation
- If previous day candle is long, today trading is of higher risk
- perhaps trend reversal
- violent spiky moving market

because of higher risk, I'd reduce trade quantity.
 
9 oct US session

My Nasdaq medium scalping trades :

up 930p <<< big move
up 933p
up 935p
down 941p
up 950p
up 952p ( I switched to RTY because NQ is getting too messy) <<< big move


ok. 6 trades in half hour.
quite straight forward to trade, answer from the text book.
of course, some of these trades are scratch trades.

on hindsight, I should have just traded RTY.

hmmm. those heavy scalpers might incur 100 round turns in half hour

ok. let me do again tomorrow if market has similar behaviour
 
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