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Advice on 24 hour Asian Futures Markets
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Created: by cencored Attachments:4

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Advice on 24 hour Asian Futures Markets

  #21 (permalink)
Trading Apprentice
Sydney
 
Futures Experience: Advanced
Platform: Sierra all the way!
Broker/Data: AMP rocks
Favorite Futures: ES, CL, GC, 6J
 
Posts: 45 since Oct 2015
Thanks: 36 given, 11 received

That's good to hear.
I've done a fair bit of thinking and comparing and I think I'll go down the 6J route rather than Nikkei. 6j is liquid enough for me and it's got no gaps at all, yet is volatile enough in Asia to offer opportunities. At the same time, I do not need to go down the spot currency route which I think has all sorts of issues.

It's also hassle free for me as I can use my favorite platform to chart it (TOS) and I inherently understand how it moves.

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  #22 (permalink)
 Vendor: www.traderwerks.com 
Taipei Taiwan
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Optimus
Favorite Futures: TW
 
Posts: 693 since Jun 2009
Thanks: 440 given, 440 received

The 6J trades nice for a scalper. I do not know your timeframe, but in the Asian session, the equity indexes influence the 6J ( or maybe the other way around ) for shorter temr traders.

Good luck


cencored View Post
That's good to hear.
I've done a fair bit of thinking and comparing and I think I'll go down the 6J route rather than Nikkei. 6j is liquid enough for me and it's got no gaps at all, yet is volatile enough in Asia to offer opportunities. At the same time, I do not need to go down the spot currency route which I think has all sorts of issues.

It's also hassle free for me as I can use my favorite platform to chart it (TOS) and I inherently understand how it moves.


Math. A gateway drug to reality.
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  #23 (permalink)
Elite Member
San Francisco, CA
 
Futures Experience: Advanced
Platform: SC, eSignal
Broker/Data: IB
Favorite Futures: Spreads
 
Posts: 46 since Jan 2015
Thanks: 44 given, 38 received



cencored View Post
That's good to hear.
I've done a fair bit of thinking and comparing and I think I'll go down the 6J route rather than Nikkei. 6j is liquid enough for me and it's got no gaps at all, yet is volatile enough in Asia to offer opportunities. At the same time, I do not need to go down the spot currency route which I think has all sorts of issues.

It's also hassle free for me as I can use my favorite platform to chart it (TOS) and I inherently understand how it moves.

6J leaves you entirely prone to BOJ surprises (as does the Nikkei as well but somewhat less so). Why is a couple hour gap even a problem? A strategy cannot rely on this as a key factor of an edge.

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  #24 (permalink)
Trading Apprentice
Sydney
 
Futures Experience: Advanced
Platform: Sierra all the way!
Broker/Data: AMP rocks
Favorite Futures: ES, CL, GC, 6J
 
Posts: 45 since Oct 2015
Thanks: 36 given, 11 received


i960 View Post
6J leaves you entirely prone to BOJ surprises (as does the Nikkei as well but somewhat less so). Why is a couple hour gap even a problem? A strategy cannot rely on this as a key factor of an edge.

I've been trading USD/JPY for years and never had issues with BOJ surprises. You could say the same thing about Swissy or any other currency for that matter tbh.

A market gapping above/below your stop at the open most certainly can have an impact on your edge. Now that's a surprise that I can control, so I prefer not to deal with it.

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  #25 (permalink)
Elite Member
San Francisco, CA
 
Futures Experience: Advanced
Platform: SC, eSignal
Broker/Data: IB
Favorite Futures: Spreads
 
Posts: 46 since Jan 2015
Thanks: 44 given, 38 received


cencored View Post
I've been trading USD/JPY for years and never had issues with BOJ surprises. You could say the same thing about Swissy or any other currency for that matter tbh.

A market gapping above/below your stop at the open most certainly can have an impact on your edge. Now that's a surprise that I can control, so I prefer not to deal with it.

Okay well there's 1000s of swing and position traders out there that don't have an issue with this. Close the position and reopen it at open if it's an issue for you - or adapt your timeframe to work with the market you want to trade.

I surely wouldn't let this change my decision on if I trade a good market or not. Like right now I have positions on N225, Hang Seng, and Australia - all held right through the London open.

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