Nite Session U.S. Index Futures

Quote from nove:

If you like estx50 then look at bund (european equivalent of the tnote) as well. It opens one hour earlier than estx, has about the same size and trends slightly better than estx.
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The more I learn about whats available and reasonable for overnight, the more excited I get. It will be very cool to specialize in a handful of very tradable European instruments before the U.S. open.

Thanks for the suggestion.

Osorico :)
 
21:40 EST

L YM @13433, Stop not entered yet. Will watch for a while before placing. Initial mental stop is 328 which provides first indication the trade is shaky.

Im coming off a great day session so my chartvision and expectations may be skewed. :)

Osorico
 
23:45

Still live, no stop placed (yet). ITM 5tics

I like the trade. P&F target suggests possible 30+tics. But you know, I really hate putting on a net b/e stop here, and Im not willing to leave with a catastrophic stop either... Way too easy for The overnite schmucks to push the price around with 1 contract.

I'll be readjusting my internal clock and I think on Thursday Ill start posting about FESX.

Stay or go decision coming up shortly.
 
Quote from osorico:

00:34 EST

hard stop placed @428. I think I already know exactly how this will play out.
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5/16/07 02:15 EST

OCO Stop @13438, sell limit @13468. Whatever will be will be. As of now, 3 frickin hours into it, ITM +10.

Thus far, not worth my time. We'll see.

Osorico
 
Stop hit around 02:50 EST for a whopping +4 NET.

Major realization... I will no longer trade low volume instruments overnite. Its just not fun.

My next posts in this journal will be for FESX. Overnite, volente can have the U.S. indexes.


Others are welcome to use this thread for overnite trading topics regardless of instrument.
 
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