Day trading derivatives futures.

Day Light Savings ending soon.
So I will change my working time.
The whole purpose is to improve the success rate (and also sleep early).


Trade Asian session as usual.

Trade Whole of Eur session and don't trade US session instead of
trading Early Eur session and early US session.



Advantages : lots of signals during whole of Eur session which include the Middle East session.
NQ very trendy during Eur session.
Come US session US indices plus others could be very choopy and erratic and violent.
there are many times where trend starts during Eur session; so no reason to trade US session.




Disadvantages :
I will miss the big runs during US session.
But then those big runs could be very choopy very messy very erratic and you could get stopped out very easily.
Anyway there are many big runs during Eur session.

Exception:
trade US session when there are major news/events like
crude oil inventory news, NFEC news, Fed Powell speeches ...

things might change. so have to constantly review whole world markets.
 
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15 oct NQ analysis

swing down starts 600a ( 5 good signals in this swing )
swing up starts 638p
swing down starts 825p
swing up starts 1019p
swing down starts 1130p



subsequent swing unclear.
not all swings are easily identified.
some swings are more tradable than others.



shrinking day range since market 'crash'.
soon there will be drought.
Then Tsunami up / down wave.


day 1 - 410 points
day 2 - 230 points
day 3 - 165 points
day 4 - 120 points
day 5 - 99 points? close wedge formation ?
 
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17 oct asian session

NQ analysis since 10 Oct
day 1 - 410 points <<< Tsunami down wave
day 2 - 230 points
day 3 - 165 points
day 4 - 120 points

day 5 - 295 points <<< Tsunami up wave.
one baby wave up signal at 702a (Asian session)
First Tsunami up wave signal at 705p ( mid Eur session).
2nd Tsunami up wave signal at 1050p ( US session).
The region between end first wave and start 2nd wave was rather chaotic.
The same happened on 10 Oct.
Most trendy US index futures was Russell 2000.


so how to trade today Asian session?
I probably trade at least 1/2 or 1 hour after opening.
 
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NQ analysis since 10 Oct

DAY RANGE :
day 1 - 410 points << dominant candle
day 2 - 230 points
day 3 - 165 points
day 4 - 120 points
day 5 - 295 points
day 6 - 150 points (YM was lead )


continuation / reversal ?
day 1 - two tsunami down waves
day 2 - 5 swings
day 3 - 3 swings
day 4 - 4 swings
day 5 - two tsunami up waves
day 6 - 2 swings
 
NQ analysis since 10 Oct

DAY RANGE :
day 1 - 410 points << dominant candle
day 2 - 230 points
day 3 - 165 points
day 4 - 120 points
day 5 - 295 points
day 6 - 150 points (YM was lead )
day 7 - 215 points
day 8 - 150 points
day 9 - 150 points

continuation / reversal ?
day 1 - two tsunami down waves
day 2 - 5 swings
day 3 - 3 swings
day 4 - 4 swings
day 5 - two tsunami up waves
day 6 - 2 swings
day 7 - one down wave
day 8 - 2 swings
day 9 - 3 swings


NQ signal on 22 oct :
NQ up 1047a
NQ up again 146p
NQ reverse down 937p
NQ down again 950p
NQ reverse up 1036p


best time to trade NQ - asian and Eur sessions.
why? chances of success very high because price movement is smooth & chart very trendy.

worst time to trade NQ - US session.
why? lower chance of success. movement could be very violent and chaotic.
good thing is its movement could be very huge.
whatever it is, it is tradable.
 
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Jack Ma's 3 questions which he keep asking himself:

What do you have?
What do you want?
What will you give up?


Day trader's 3 questions which we keep asking ourselves while trading and sleeping :

Is continuation signal coming ?
Is reversal signal coming ?
Is market trendless ?

_______________________
 
24 Oct US session
Analysis on trading indices during US session.

NQ dropped 5.7%, as big as the 10 Oct drop.
The drop is hugh.
Unfortunately those who day trade ES YM RTY NQ would find very difficult to earn money
because movement was very spiky chaotic messy erratic.


So let's explore trading other indices during US session.

dax - volume sizable. perhaps a little less spiky then US indices
Simsci - volume rather low. not that tradable.
Taiwan index - volume ok. quite spiky. also difficult to trade.
China A50 - volume quite low. also quite spiky
Hangseng index - close quite early
Nikkei - volume sizable. less spiky than US indices


Such 'bad' behaviour has happened over the past few years and is repeating
again.


Conclusion :

US indices highly tradable during Asian and Eur sessions

US indices during US session
very difficult to trade especially when day range is huge.
consider trading non US indices during US session.



_________________________
 
24 Oct NQ analysis

day range
Day 1 (24 Oct) 395 points < Dominant candle with 2 mega Tsunami down waves
Day 2 (25 Oct) ?
Day 3
Day 4


previous dominant candle on 10 Oct with 410 points day range.
Time difference between these 2 dominant candles - about 2 weeks.


Unfortunately very difficult to profit from 24 Oct down movement as its movement was very chaotic spiky messy.

Those who traded non US indices during US sesion yesterday should be extremely happy and laughing all the way to the bank.

Those who did swing trade or heavy scalping should be very happy too.
heavy scalper probably had > 500 round turns ?!?!

Already reconfigured my charts to take care of such situation.

so on 25 oct Asian session. I'd better don't trade opening because very easy to lose money. back to my sleep.
 
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25 Oct Asian session

Indeed very easy to lose money trading just after opening.

well. there might be more definite pattern during later session.
Let those big boys settle down first.
Or perhaps we have to wait till tomorrow.


Look at NQ spread between bid and offer. Is is very huge !
I doubt NQ will have any pattern over next few hours.
 
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25 Oct mid / end Asian session

what happened so far ...
most markets are directionless / untradable

But there are still some signals :

gold up 932a
China A50 up 950a
India Nifty up 1148a
Let's see how far these can go.
 
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