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Which Two Days Per Week Would You Trade?


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Which Two Days Per Week Would You Trade?

  #1 (permalink)
 
tderrick's Avatar
 tderrick 
Nashville, Tennessee
 
Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker: AMP / CQG
Trading: NQ, YM and ES
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I am pondering scaling back on my trading.

I'm not sure if the incredible time I had back home in Florida had something to do with this
fundamental shift in my mindset, but I simply do not want to sit in front of these screens as much
as I have the last few years.

I think I can make my weekly goal with two marathon sessions per week. Starting at the London open
and going through New York close.

If you where to trade only two days a week, which two would you choose?

I am speaking of NQ in particular, but it would pertain to ES and YM also, I would assume.

During the stock market "on season" , it seemed that Monday and Tuesday had the most action. But, now
that summer is here and the volume is basically cut in half, it seems like Wednesday's and Thursdays have more
game. I would also like to catch Friday afternoons also, as some lovely trending moves often happen.


OK ... so which two days shall they be ?

grazie


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #3 (permalink)
 
tturner86's Avatar
 tturner86 
Portland, Oregon
 
Experience: Intermediate
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tderrick View Post
I am pondering scaling back on my trading.

I'm not sure if the incredible time I had back home in Florida had something to do with this
fundamental shift in my mindset, but I simply do not want to sit in front of these screens as much
as I have the last few years.

I think I can make my weekly goal with two marathon sessions per week. Starting at the London open
and going through New York close.

If you where to trade only two days a week, which two would you choose?

I am speaking of NQ in particular, but it would pertain to ES and YM also, I would assume.

During the stock market "on season" , it seemed that Monday and Tuesday had the most action. But, now
that summer is here and the volume is basically cut in half, it seems like Wednesday's and Thursdays have more
game. I would also like to catch Friday afternoons also, as some lovely trending moves often happen.


OK ... so which two days shall they be ?

grazie

Tuesday / Thursday / Friday.

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  #4 (permalink)
 
Hulk's Avatar
 Hulk 
Texas, USA
 
Experience: Advanced
Platform: TT, Custom
Trading: Futures, Spreads
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See if the attached spreadsheet helps.

Over the last 5 year period, filtered for June, July and August, Tuesday, Thursday and Friday had the highest daily range. Wednesday and Thrusday had the highest volume.

Play around with the pivot table and see what suits you best.

Attached Files
Elite Membership required to download: NQ_Analysis.xlsx
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  #5 (permalink)
 
tturner86's Avatar
 tturner86 
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-40
Trading: GBU-39
Posts: 6,191 since Sep 2013
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Hulk View Post
See if the attached spreadsheet helps.

Over the last 5 year period, filtered for June, July and August, Tuesday, Thursday and Friday had the highest daily range. Wednesday and Thrusday had the highest volume.

Play around with the pivot table and see what suits you best.

Sweet...

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  #6 (permalink)
 
DavidHP's Avatar
 DavidHP 
Isla Mujeres, MX
Legendary Market Wizard
 
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Platform: NinjaTrader
Broker: Ninjatrader / Optimus Futures / AmpFutures
Trading: ES / 6E / 6B / CL
Frequency: Every few days
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tderrick View Post
I simply do not want to sit in front of these screens as much
as I have the last few years.

I think I can make my weekly goal with two marathon sessions per week. Starting at the London open
and going through New York close.

Is your system such that you can watch the market for 13 hours and not go crazy?
I'd be a basket case before the week was up with even two days of that.

What is your daily goal?

I am at my trading desk only 2 hours a day.
I find that is plenty to allow me to be fully alert while trading and make a nice profit.

Maybe if you increase the number of contracts traded you could trade less realize more?

Just my 2 cents.

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Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
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  #7 (permalink)
 
tturner86's Avatar
 tturner86 
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-40
Trading: GBU-39
Posts: 6,191 since Sep 2013
Thanks Given: 10,459
Thanks Received: 12,695


DavidHP View Post
Is your system such that you can watch the market for 13 hours and not go crazy?
I'd be a basket case before the week was up with even two days of that.

What is your daily goal?

I am at my trading desk only 2 hours a day.
I find that is plenty to allow me to be fully alert while trading and make a nice profit.

Maybe if you increase the number of contracts traded you could trade less realize more?

Just my 2 cents.

He is the Darth Fader... He will scalp every single little move. Like a doctor with scalpel slicing off little pieces of the market all day.

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  #8 (permalink)
Turveyd
Birmingham UK
 
Posts: 336 since May 2014
Thanks Given: 7
Thanks Received: 64

Tuesdays and Thursdays for me, reasons :-


1. Trade / do anything on a monday, not likely, slow day mostly to.
2. Wednesday off, gives you a break between your days of staring at screens.
3. If you lose on a Friday it'll just ruin your weekend.


Scaling back to a few hours sounds great, but with how slow the markets can be a times I can watch although vaguely for hours without a single trade, so never mind

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  #9 (permalink)
 
tturner86's Avatar
 tturner86 
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-40
Trading: GBU-39
Posts: 6,191 since Sep 2013
Thanks Given: 10,459
Thanks Received: 12,695


tderrick View Post
I am pondering scaling back on my trading.

I'm not sure if the incredible time I had back home in Florida had something to do with this
fundamental shift in my mindset, but I simply do not want to sit in front of these screens as much
as I have the last few years.

I think I can make my weekly goal with two marathon sessions per week. Starting at the London open
and going through New York close.

If you where to trade only two days a week, which two would you choose?

I am speaking of NQ in particular, but it would pertain to ES and YM also, I would assume.

During the stock market "on season" , it seemed that Monday and Tuesday had the most action. But, now
that summer is here and the volume is basically cut in half, it seems like Wednesday's and Thursdays have more
game. I would also like to catch Friday afternoons also, as some lovely trending moves often happen.


OK ... so which two days shall they be ?

grazie

I'm afraid you may have cut back to far friend.

We would like to see the grand master fader return.

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  #10 (permalink)
 
Massive l's Avatar
 Massive l 
OR/USA
Legendary /NQ Trader
 
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I swing trade weekly/monthly holds.
Most of my trades are entered Sunday, Monday or Tuesday night.
I never enter a trade on a Friday.

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Last Updated on September 2, 2014


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