Swing Trading Futures overnight

antares66 said:
I would like to swing trade index futures overnight to capture the bigger movements instead of daytrading. Trading at the open is too choppy for me and i don´t recognize barely setups to trade. Scalping is the last i would like to do.
Are here some members who swing trade index futures overnight for days?
More...

Why trade at the open? Just skip the first 30 minutes to avoid thening volatility and it goes back to normal. Or, get on a platform/ brokerage that trades all world markets. I day trade futures all night and also US hours, whatever time I feel like.
 
Overnight said:
I do not trade with time-based charts, and as a swing trader, time on charts matters not anyways. Only time to contract expiration.

Seems to me that you are trying to avoid RTH opening noise by wanting to hold a trade through the overnight session? To me, that is not a swing/position trade.

I *think* you need to reassess your goals.

My goal is to meet a certain profit target by being a bull in a china shop. If I have to suffer a 20% correction to meet that goal, so be it. It is certainly not elegant, and can be considered downright dumb. But it works for ME. I am still working on the idiosyncrasies of how to average down, exit with profits, expiration, how rolling can impact account, performance bond changes that can occur during the trades, and all that jazz. What I do is not for the timid, and not for one with a small bankroll. That is why I do it on micros. ;-)
More...
Micros is awesome for back testing your strategy and creating your system. My greed pushes me back to the minis in short order though.
 
Bugsy said:
Why trade at the open? Just skip the first 30 minutes to avoid thening volatility and it goes back to normal. Or, get on a platform/ brokerage that trades all world markets. I day trade futures all night and also US hours, whatever time I feel like.
More...
Thats´s also my experience. At the open the price movements are to fast for me. Maybe some of us can handle this but not me. It seems the opening is traded by a lot of algos. For me it´s better to wait 30min-60min before start trading.
Maybe you can compete with the algos at the open if you implement your own algo. But this is another story.
 
You must log in or register to reply here.
Back
Top