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Night trading


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Night trading

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  #11 (permalink)
new york
 
 
Posts: 10 since Mar 2016
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CenFlo View Post
Here's an example from tonight's ETH session on the /ES and how it's following the other major markets:






Very informative. Thank you

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  #12 (permalink)
Tampa FL
 
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Rrrracer View Post
So what you're saying is... I have to pay extra

I know this wasn't directed at me, but that's why I stick with the US futures. No extra datafeed charges and since I watch and trade them all the time I typically know how they will react in the O/N session.

Nothing wrong with trading the foreign markets, I know plenty of people that do, I just choose to stick with what I know.

You miss 100% of the shots you don't take. - Wayne Gretsky
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  #13 (permalink)
new york
 
 
Posts: 10 since Mar 2016
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CenFlo View Post
I know this wasn't directed at me, but that's why I stick with the US futures. No extra datafeed charges and since I watch and trade them all the time I typically know how they will react in the O/N session.



Nothing wrong with trading the foreign markets, I know plenty of people that do, I just choose to stick with what I know.



I agree with you 100%. I have watched the Russell E-mini for YEARS AND THE ES as well during market hours. I have to admit never truly looked it the overnight other than to get the overnight high and low for my intraday analysis. But I do know that it is very, very slow. So if you donít mind me asking, unless you stay up all night to watch, do you place bracket orders at predetermined orders at levels?


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  #14 (permalink)
Tampa FL
 
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sbxems View Post
I agree with you 100%. I have watched the Russell E-mini for YEARS AND THE ES as well during market hours. I have to admit never truly looked it the overnight other than to get the overnight high and low for my intraday analysis. But I do know that it is very, very slow. So if you don’t mind me asking, unless you stay up all night to watch, do you place bracket orders at predetermined orders at levels?


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The O/N session typically has a much slower and different vibe/rhythm to it, that's not necessarily a bad thing. One of my mentors has coined the /ES RTH as the "Cowboy" session due to the swings and much faster pace of it.

I do need sleep, although it's probably less than your average person.

I typically will trade the JPY premarket and market open, following in to the HK/China open if there's action going on at that time. We (US futures) will typically have a move with JPY and then HK/CNY. Their markets break for lunch and then the action typically picks back up when they return. You can essentially split their moves in to two (2) parts, pre and post lunch for their time period. If the Asia markets go in to what I call tick-tock mode, I call it a night.

0200-0300 (EST) Europe takes over and the move(s) start again. I typically get up between 0400-0500 (EST) and will trade the rhythms / rotations that the /ES and /NQ start to show. For the /ES I look for 1-3 points, but spikes can happen in either direction. The US futures typically stay within a fairly defined range set during the RTH. The exception of late has been new ATH's just about every night, which is not the usual case, but that's how the market has been lately.

Here's another example of our markets following the Eurozone markets on news that hit early this morning:



I marked off the relevant move down and I just happened to be sitting down at my desk this morning when the dropped happened. I initially thought it would bounce right back and was wrong, so I closed my 1st trade for a small loss. I waited a little longer and re-entered on /ES and /NQ for a move back up.

Seeing how it seems that the US futures do nothing but go up, I had one mistake that made the O/N ETH a good session, as opposed to a great session; I didn't take profits on the move up and wait for/take the retracements. Another reminder and lesson reinforced.

I had to hold the /ES until 3 seconds before the RTH open and the /NQ until the open, which is a no-no, but I risked it and it worked. 0900-0945 is typically a no-trade zone for me, but I broke my own rules this time and luckily it panned out. [Thank you to the future's God's if there is such a thing.]

P&L from the O/N trades:



I hope the above info helps, I truly feel that many people discount the $$ that can be made during the ETH session and focus so much on the RTH session. To each their own and all that.

Edit: I realized that I did not answer your last ? Yes, I will use OCO orders if I'm in a trade and the market goes in to tick-tock mode and it starts to get to late or just close the trade out.

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  #15 (permalink)
new york
 
 
Posts: 10 since Mar 2016
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I truly want to thank you for your elaborate answer. You helped me a lot and it genuinely show the character of the person you are.



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  #16 (permalink)
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Frankfurt is 6 hours ahead of EST, 7 hours ahead of CT, and opens at 2.00am EST, 1.00 CT.

Dax futures certainly have some volume and volatility.

(And of course the Londn session opens an hour after that.)

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  #17 (permalink)
Tampa FL
 
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Tymbeline View Post
Frankfurt is 6 hours ahead of EST, 7 hours ahead of CT, and opens at 2.00am EST, 1.00 CT.

Dax futures certainly have some volume and volatility.

(And of course the Londn session opens an hour after that.)

It's changed recently with DST, always throws me off a bit.

https://market24hclock.com/

You miss 100% of the shots you don't take. - Wayne Gretsky
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  #18 (permalink)
CONSTANTINE/ALGERIA (DZ)
 
 
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HSI or Mini-HSI (Hang Seng) was good for me a trade it sone many time good

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  #19 (permalink)
Aurora Illinois
 
 
Posts: 7 since Feb 2018
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I only trade the ES & YM 6PM to 11PM CST due to the fact I am so busy during the day. I see to do pretty well (All in all it is a sim account). I wish I had more time to trade during the day but I don't. I will agree the market is slower but I will take the money where others are not.

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