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Scalping during 7:30 NQ news cycle


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Scalping during 7:30 NQ news cycle

  #1 (permalink)
zaruski
Salt Lake City, UT
 
Posts: 11 since Jun 2017
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Hi,

I have been replay trading the NQ for a while now, and I have noticed most mornings at 7:30 there is a massive burst of volume (can that be considered a gap?), which generates some big bars. Of course, sometimes the movement corrects itself right away, and other times it continues on. Has anybody experimented with putting in trades before that volume starts? Are there any sort of setups I could look at which would tell me which direction the price could go?

Thanks!

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  #3 (permalink)
 CSC1 
Vancouver, Canada
 
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Pretty sure you're just observing the opening of the underlying equity markets. Lots of arb trading between futures and equities/etf's on the open.

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 matthew28 
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https://www.bloomberg.com/markets/economic-calendar

You have news at that time on Tuesday and Thursday this week, assuming 7:30 your time is US Central Time.
The trouble with trading then is that the market is a lot thinner an hour before the traditional stock market open. Especially in the NQ but less so in the ES.

You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
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Last Updated on September 18, 2017


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