Day trading derivatives futures.

6 Feb Mid Asian session

OK. after catching my breathe ....

How to day trade current market?
If you use your typical way of trading, you will be loosing tons of money rather than earning tons of money.

because big boys, fund managers are very confused/excited/anxious/worried/violent/frustrated/fearful ended up the charts become very
messy/spiky/jerky. definitely candle will be very long, and there will be hundreds of signals including fake signals.

use market incorrelation to minimise fake signal.
eg US market, intercorrelate ES, YM, RTY, NQ.
Europe market, intercorrelate DAX, India Nifty, US indices.
Asian market, intercorrelate simsci, Hangseng, Taiwan index, Nikkei
big boys also do intercorrelation.

choose nice looking chart for trading. eg for today asian market, nikkei simsci charts are rather tidy and hangseng very messy

make sure all / most of them are moving in tandem. then signal is more reliable.

change chart candle volume to smaller number.

be super alert. you don't know when big boys are going to move.

must catch first signal. subsequent signal carries higher risk.
 
6 Feb Eur session
what happened this morning?
simsci, Taiwan index, nikkei, US indices all similar pattern.
china A50, India nifty have their own mind.
There are hundred of signals but many fake signals.
so have to use intercorrelation as per my earlier posting.

USD based currencies,commodities - seems like big boys not interested in these.

yesterday eurex FGBL FGBX went up for whatever reason.

ES YM RTY NQ seems like it might oscillate up. Let's see during eur session.


let's see what DAX is going to do later.

seems like xbt bitcoin loosing momentum.

sigh ... with such intense concentration, my mind is going to explode.

signal can came anytime like lunch time, dinner time, toilet break time.... have to take meal in front of the computer.

price keep on getting outside computer monitors.
time to get three 50" monitors portrait format and taller chair to match with the taller monitors.
wonder if 50" monitor is available.
 
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cont ....
OK. ES YM RTY NQ and Dax have already oscillated up few times already.
it will not oscillate up forever.
seems like it will be oscillating down soon?
 
cont ...

OK. ES YM RTY NQ have already oscillated down one time.
what's going to happen next? I have no idea. it might decide to sleep; it might be forming close wedge formation.
early part of day, it was super open wedge formation.


summary of good ES signal for today:
932am short signal
1145am short signal
104pm reversal long signal
300pm long signal
403pm long signal
553pm reversal short signal
714pm short signal

I only caught some of these signals
 
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6 Feb US session

ES YM RTY NQ it appears to be forming close wedge formation. anyway better be alert.

eur gbp, natural gas already down. ie missed the opportunity.
gold - starting to go down.
energy futures - downtrend.

USD is strengthening everywhere.

xbt bitcoin - no momentum to go down. anyway volume rather pathetic.
perhaps I should stop subscribing to CFE data.
 
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:D
Happy-face-laughing-smiley-face-clip-art-free-clipart-images.jpeg


ok. US index futures went up already.
now let me look at USD based futures
 
7 Feb Asian session

US index futures - we had 3 long red candles, follow by blue candle with lower tail.
Is that violent type of markets over?
If yes, we can revert back to typical way of trading (ie can have meal breaks, toilet breaks, nap time, exercise time....).
anyway good to explore getting a few 50" monitors portrait format to prepare for the next crash.

USD based tends not to move during Asian time.
so will just focus on index futures.

yesterday hangseng movement very jerky.
 
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12 Feb Asian mid session

so far ...

Asian and US index futures - very messy charts. general trend up but movement not decisive.
well. it might continue its messy movement till don't know when.

USD moving for whatever reason.
gold up, copper up,crude oil up, natural gas up.
so next long signal carries higher risk.
 
12 Feb Eur sesssion

xbt bitcoin - as time goes by, day range gets smaller and smaller.
seems like it is forming bear flag formation.
so far, no signal to short.

US index futures - sleeping soundly. good night.
Asian index futures - not much momentum

eurex buxl - healthy day range
dax - it tends to follow US index futures

USD getting weaker.
will it get even weaker during eur session? no idea.
 
cont ...

longed YM @4.40pm.

Ok. shifted stop to protective stop.
simple, straight forward trade as per the textbook.
Let's see if it can reach the moon or not.

few minutes later, there is also a long signal from NQ RTY
so sometimes market is kind; if you missed catching ES/YM, market gives you 2nd chance to long NQ RTY
 
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