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Is trading NKD Nikkei futures the best choice for afternoon/evening trading?


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Is trading NKD Nikkei futures the best choice for afternoon/evening trading?

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  #1 (permalink)
spokane wa
 
 
Posts: 8 since Apr 2014
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I've been thinking that I could use some extra practice trading later in the day, and was considering NKD Nikkei futures on Interactive Brokers. Can anyone offer opinions about this idea?

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  #3 (permalink)
SF Bay Area + CA/US
 
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Trading: NQ CL, ES when volatile mrkts
 
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hey there @tennon i used to actively look at ES futures ...still do but due to not being able to actively monitor futures due to time constraints have moved into swing equities for a bit. For some reason i think the best and brightest is @ US open and volume cannot be compared to any other time.

I think the best time was from an hour or so before US open. There seem to be enough clues which transpire thru the day for reflection if a trader desires. OTher than US markets at times when EU markets open....there is a flash in the pan for ES but not really which could supplement experience gained from US trading hrs...well that's just my opinion.

Sorry not sure if this moved away from the Nikkei trading u asked about.....but just mho there is nothing which could replace/supplement trading during US markets.

hope u get some stuff from others which could give you what you looking for.

cheers
s

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  #4 (permalink)
Legendary Market Wizard
Los Angeles, California Republic
 
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tennon View Post
I've been thinking that I could use some extra practice trading later in the day, and was considering NKD Nikkei futures on Interactive Brokers. Can anyone offer opinions about this idea?

There are some other options as well --

USD/JPY or 6J can have some decent moves in the Asian session. So Can AUD/USD or 6A. Sometimes its like watching the grass grow. Other times not.

Since you're an IB customer, you also have access to the Hong Kong market which has a few highly traded futures products -- I believe the Hang Seng Index Futures and possibly even the futures product based on China A Shares although I'm not sure exactly what that product is called.

Apparently, the South Korean market is one of the highest volume markets traded during that time as well although I've never checked it out.

Let me know what you find out! I wish there was a consistently strong Asian session because that would work best for anyone on the North American West Coast. So far, nothing I found beats the US open on a consistent basis.

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  #5 (permalink)
spokane wa
 
 
Posts: 8 since Apr 2014
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Thanks for the replies. I appreciate the volatility of the US open. I'm hesitant about trading forex as I am utilizing volume profile, and volume is not reported in forex. I'm hoping for some additional insight from someone who trades NKD...

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  #6 (permalink)
Vancouver, Canada
 
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If you're into volume profile and want to trade the Nikkei I've had some decent set ups scalping around the previous day's VPOC during the few hours after GLOBEX opens.

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  #7 (permalink)
Kenmore, WA
 
 
Posts: 6 since Jun 2014
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I trade the Nikkei all the time. Best time after hours is 5-7 and around 11 pm our time. I'm in Seattle. I'm currently long the Nikkei @14565 with a stop at 14370. I'm a position trader though but it works for me I'd be happy to meet with you if your are ever in the western part of our state. My wifes family live in Spokane I'm also over there quite a bit as well. Send me a pm.

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  #8 (permalink)
Ferndale, WA
 
 
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Andersi View Post
I trade the Nikkei all the time. Best time after hours is 5-7 and around 11 pm our time. I'm in Seattle. I'm currently long the Nikkei @14565 with a stop at 14370. I'm a position trader though but it works for me I'd be happy to meet with you if your are ever in the western part of our state. My wifes family live in Spokane I'm also over there quite a bit as well. Send me a pm.

Hi Andersi,
May I know from your experience, do you have a preference for trading the USD or Yen-based Nikkei contracts please & any reason(s) why ? I'm just starting to look at the 2 of them. Thanks.

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  #9 (permalink)
Kenmore, WA
 
 
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Arbitrager View Post
Hi Andersi,
May I know from your experience, do you have a preference for trading the USD or Yen-based Nikkei contracts please & any reason(s) why ? I'm just starting to look at the 2 of them. Thanks.

Sure. I'm trading the Nikkei in USD. Reason... they both have about same open interest and volume. I like to trade in USD easier to track for my self and not worrying about currency exchanges but you are still having exposure to yen price risk.

https://www.cmegroup.com/trading/equity-index/international-index/nikkei-225-dollar.html

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  #10 (permalink)
Sacramento CA USA
 
 
Posts: 3 since Dec 2018
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tennon View Post
I've been thinking that I could use some extra practice trading later in the day, and was considering NKD Nikkei futures on Interactive Brokers. Can anyone offer opinions about this idea?

You posed this question 4 1/2 years ago, yet it remains an excellent one. NKD is a powerhouse; he'll lead the US market as well as follow. Yesterday DJI fell 700+ points and it all started with NKD in Tokyo. He opened HOD and never looked back. There were two down waves, both of equal length, first being Tokyo, second NY. Total short gain, open to close, was 22K, give or take, for one lot. YM and ES were both flat in Tokyo and nicely short in NY, so NKD was the leader of the pack. There was an 8 hour retrace (approx) 15% during the London session. NKD volumes are significantly lower than YM/ES yet seem liquid enough to do your thing (most of my trading is in my demo at the moment). NKD margins are higher than YM and ES but your making/losing $25/tick (5 points per tick), i.e. one tick = $125. (probably explains the low volume). I'm on the West Coast so this guy is in my bread basket. His ATR is 470, yesterday's range was 1K, give or take.

Bottom line: this guy's a monster!

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