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Who trades futures in the "wee" hours?

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Market Wizard
Gits (Hooglede) Belgium
Trading Experience: Master
Platform: NinjaTrader, Proprietary,
Broker/Data: Ninjabrokerage/IQfeed + Synthetic datafeed
Favorite Futures: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
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KatieD View Post
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!

I think this sessions is sometimes liquid
and may be sometimes less liquid, that might be a track to work on...
depending on the liquidity..

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