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Who trades futures in the "wee" hours?

  #4 (permalink)

Philadelphia PA
Trading Experience: Intermediate
Platform: Investor RT
Broker/Data: Stage5
Favorite Futures: FGBL
KatieD's Avatar
Posts: 7 since Aug 2016
Thanks: 3 given, 18 received

rleplae View Post
What you mean is, that you are trading the London session ?

yes, effectively. Although, in my particular markets, I am convinced that sometime the movement is being driven by new information in sympathy with Europe and other times the movement is just a random walk which revisits levels of the previous day session and later prepares for next. With that in mind, I prep for the session by locating points of interest from the day session while using volume profile to form an opinion about where price may start heading by the end of my session and into the next day.

That being said, it is frustrating because it is such an in between session. Especially with CL and GC, price will get stuck in a wide consolidation (usually based on levels from the regular session). I will wake up the next day to find my hypothesis was correct!..... but did not play out until 10:30. Using volume profile in micro composites is still helpful in looking for trade set ups. It is the context that can be tricky to determine.

I don't want to make excuses though. This is the session I have, and I am going to figure it out!

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