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Do you trade on Sundays?


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Do you trade on Sundays?

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  #1 (permalink)
San Francisco
 
Experience: Beginner
Platform: Thinkorswim
Trading: CL, NQ
 
Nolaughingmatter's Avatar
 
Posts: 40 since Jun 2020
Thanks: 55 given, 59 received

I did a search for this but could not find relevant threads.

I am wondering whether it's worth it to trade ES Sundays.

On Paper trading, I found the low volume to be easier to trade in some ways. I might have to hold a trade for 1-2 hours but it's less volatile.

My win/loss ratio isn't that great, so there is 50% chance that the trade will be a loss. It may be better to limit trading to weekdays.

I'm on the Pacific time zone currently. I wonder how beneficial it would be to coordinate with Nikkei, Hang Seng, etc. opening hours.

I would love to hear your experiences regarding trading on Sundays. Thanks!

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  #2 (permalink)
Houston Texas
 
Experience: Beginner
Platform: NinjaTrader 7
Broker: NinjaTrader Brokerage
Trading: ES, MES
 
JMAL's Avatar
 
Posts: 65 since Jul 2014
Thanks: 22 given, 34 received

My experience is limited to watching and trading the ES and MES since January of this year in the evening hours. To me Sunday behaves much like it does during the week. It seems to start moving about the 7:00 pm (cst) and slows down again around 10 pm.

What I watch is the tick countdown. I watch the 2000 tick chart and at some point in the countdown the market will quickly move a couple points. That's when you want to enter or pretty good chance if you have entered before that and your stop loss is to tight, it will get taken out.
Monitor the count a few bars then ride it like a wave. Let us know how it goes and good luck.

Don't let Fear, Greed and Gambling overRule
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  #3 (permalink)
San Francisco
 
Experience: Beginner
Platform: Thinkorswim
Trading: CL, NQ
 
Nolaughingmatter's Avatar
 
Posts: 40 since Jun 2020
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JMAL View Post
My experience is limited to watching and trading the ES and MES since January of this year in the evening hours. To me Sunday behaves much like it does during the week. It seems to start moving about the 7:00 pm (cst) and slows down again around 10 pm.

What I watch is the tick countdown. I watch the 2000 tick chart and at some point in the countdown the market will quickly move a couple points. That's when you want to enter or pretty good chance if you have entered before that and your stop loss is to tight, it will get taken out.
Monitor the count a few bars then ride it like a wave. Let us know how it goes and good luck.

Thanks for your input, JMAL.

If high impact events and news are happening, then it definitely makes sense to trade on Sundays.

I paper traded ES last Sunday. It has a different rhythm: the slowness and the milder choppy movements were easier to handle mentally and emotionally. If you had patience to find a good entry and had a target and stop loss OCO order, it took a long time but usually the target was reached.

Personally, I still struggle with allowing the target/stop loss order do the work, but allowing the order to do the work was significantly better than me prematurely ending good trades or overstaying in bad ones.

I found the results of trading on Sunday were similar to weekdays, just slower. I also found Sunday evenings to have decent action, especially when overlapping with the Asian markets.

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  #4 (permalink)
San Francisco
 
Experience: Beginner
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Trading: CL, NQ
 
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Posts: 40 since Jun 2020
Thanks: 55 given, 59 received

Just wanted to report today, Sunday:

The Asian markets and also futures were bullish today.

Went long 3188.25 at 6:23pm PT. Set OCO 3192.25 target and 3184.25 stop. Met target at 6:30pm PT. Not as slow as I expected.

No more trading. Transferred profits to bank.

Best wishes to everyone, Happy Trading this coming week!

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  #5 (permalink)
Albuquerque, NM, USA
 
 
Posts: 29 since Jul 2012
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Good trade. Good entry.

I've made a few MES trades in the evenings. Hit a couple for 10 points, but ended up giving it all back. I've come to the conclusion that entering trades within 30 minutes of the Tokyo and Hong Kong/Shanghai open leaves you too exposed unless you are a trend follower and have at least a 5+ point cushion. Sometimes that isn't even enough.

I wouldn't be comfortable using a 1:1 R:R, but if it works for you...

BTW, since you trade ES, CME has Nikkei 225 futures. Trading View also has free, real-time, non-delayed Nikkei 225 Cash Index and Shanghai Composite, but no Hong Kong.

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  #6 (permalink)
San Francisco
 
Experience: Beginner
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ondafringe View Post
Good trade. Good entry.

I've made a few MES trades in the evenings. Hit a couple for 10 points, but ended up giving it all back. I've come to the conclusion that entering trades within 30 minutes of the Tokyo and Hong Kong/Shanghai open leaves you too exposed unless you are a trend follower and have at least a 5+ point cushion. Sometimes that isn't even enough.

I wouldn't be comfortable using a 1:1 R:R, but if it works for you...

BTW, since you trade ES, CME has Nikkei 225 futures. Trading View also has free, real-time, non-delayed Nikkei 225 Cash Index and Shanghai Composite, but no Hong Kong.

Thanks for sharing and letting me know about the other futures!

I was also skeptical with the 1:1 R:R, because I was manually scalping dozens of times a day and emotionally overtrading. Previously, I was constantly erasing my gains due to drawdown effect and excessive commission fees. I got this idea from Barry Taylor of E-mini Watch, and this system was a welcome change as it worked very well for me so far in paper and live. I saw how it gave the trade room to breathe and the ability to ride through temporary setbacks. I am still experimenting, so by all means I am open to suggestions.

No matter the time frame, just watching the chart for a while without doing anything helps. It helps identify a bias better and also gives you better ideas about entries. Also, volume profiling helps.

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  #7 (permalink)
Sydney
 
 
Posts: 5 since Aug 2019
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Mate,

I would say market some times may behave badly due to low volume and mostly algo trading each other but i would say NQ would always give you 10-40 point range.

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  #8 (permalink)
Santa Rosa,Ca/USA
 
 
Posts: 2 since Apr 2013
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I live on the west coast too and I never trade on Sundays. If I'm bored and need some action I'll play online poker. I have all week to find plenty of good trades. Trading on Sunday feels like gambling to me. Trading unnecessarily with thin liquidity in the market can be risky business. My Sundays are reserved for recharging my batteries and spending time with family and friends. I like starting Monday morning, fresh, rested and ready to kick some ass!

RDM3rd

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  #9 (permalink)
Santa Rosa,Ca/USA
 
 
Posts: 2 since Apr 2013
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rdm3rd View Post
I live on the west coast too and I never trade on Sundays. If I'm bored and need some action I'll play online poker. I have all week to find plenty of good trades. Trading on Sunday feels like gambling to me. Trading unnecessarily with thin liquidity in the market can be risky business. My Sundays are reserved for recharging my batteries and spending time with family and friends. I like starting Monday morning, fresh, rested and ready to kick some ass!

RDM3rd

'Life should NOT be a journey to the grave with the intention of arriving safely in an attractive and well-preserved body... but rather to skid in sideways with a cigar in one hand & a Scotch in the other.... body thoroughly used up & totally worn out...screaming 'woo hoo -- what a ride !!!'
Hunter S Thompson

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  #10 (permalink)
slovakia
 
Experience: Intermediate
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Trading: Emini ES, Currecy Futures
 
Posts: 1 since Nov 2019
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I don't think trading should take more than two hours. The reason is concentration and the gradual loss of connection with the ordinary world.

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August 10, 2020


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