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Do you trade E-minis 24 hours or RTH only?
- Thread starter wskeal
- Start date
i'm on the west coast of Canada and the trading hours question is also applicable
to the eurusd/6E that i trade
on Thursday i created the attached ES 60min chart that i've yet to analyze, and also
the 6E - not attached to see what hours may offer the best trading price range
i've generally traded afternoon, night till about 3am PST but thinking to - groan -
change to an early start - really, REALLY early start
the chart displays about 19 trading days data starting Aug 9 ?
blue vertical line marks 6am PST , my potential start time; note that i'd likely be
'ready' - ie at the computer after ablutions, news reading, chart update analysis
etc by 5am PST , since most US economic reports are released at 5:30am PST
pale grey vertical line is the rth closure, red vertical line is 10pm PST which i could
trade to before getting some sleep
don't know about the ES but the west coast Sunday fx opening - 2pm PST can be -
but not always a very profitable 'day'. regarding Sunday as a separate trading day
means there's 26 trading days in the month
to the eurusd/6E that i trade
on Thursday i created the attached ES 60min chart that i've yet to analyze, and also
the 6E - not attached to see what hours may offer the best trading price range
i've generally traded afternoon, night till about 3am PST but thinking to - groan -
change to an early start - really, REALLY early start
the chart displays about 19 trading days data starting Aug 9 ?
blue vertical line marks 6am PST , my potential start time; note that i'd likely be
'ready' - ie at the computer after ablutions, news reading, chart update analysis
etc by 5am PST , since most US economic reports are released at 5:30am PST
pale grey vertical line is the rth closure, red vertical line is 10pm PST which i could
trade to before getting some sleep
don't know about the ES but the west coast Sunday fx opening - 2pm PST can be -
but not always a very profitable 'day'. regarding Sunday as a separate trading day
means there's 26 trading days in the month
Attachments
Many bargain hunters a/h who waste your time and sleep.
here's the eurusd/6E chart if you'd like to see the difference -
same hours and vertical lines
pip/tick value of the 6E is the same as the ES, same daily margin
the daily HL range of the eurusd/6E during June was 146 pip/ticks, didn't calculate
the ES range and i haven't done an average of the rth range which might be worth
doing to see whether the 6E or ES has a greater profit potential, tho think that's a
bit relative day-to-day
major difference is the 6E volume is about 10-15% of the ES daily volume
same hours and vertical lines
pip/tick value of the 6E is the same as the ES, same daily margin
the daily HL range of the eurusd/6E during June was 146 pip/ticks, didn't calculate
the ES range and i haven't done an average of the rth range which might be worth
doing to see whether the 6E or ES has a greater profit potential, tho think that's a
bit relative day-to-day
major difference is the 6E volume is about 10-15% of the ES daily volume
Attachments
Quote from joe4422:
No, you can trade whenever the trading is good. Just because you enter after hours doesn't mean you have to sit and watch the trade. you can go to sleep once you're in.
That's the problem, the trading is never good afterhours. Such a blanket statement is obviously an overstatement, but i think it very closely resembles the truth. Most "traders" lose money anyway, but for successful traders, I don't see how it is possible to continuously make good money in the after hours markets. There just isn't much volatility, and volatility is a necessary component to making money via trading.
Quote from johnjax:
Being employed, I trade between 3 and 5am Eastern. Volume on the ES picks up at 3 am which coincides with the open of the European Markets.
I agree, I find good setups with very good moves with less program manipulated trading on both the ES and euro futures during euro session ( 3am-6am..NY time) Patience is key...
To the people who say that you need volatility to make money, could you change your posistion size to account for an increase or decrease in volatility? IMO you are doing it wrong if you think you need volatile markets to make money.