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Who trades futures in the "wee" hours?
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Who trades futures in the "wee" hours?

  #1 (permalink)
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Philadelphia PA
 
Futures Experience: Intermediate
Platform: TOS
Favorite Futures: CL, GC, ES, 6J, DX
 
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Who trades futures in the "wee" hours?

Because of my semi nocturnal work schedule, I am learning to trade (sim) on a session from 2:30am to 5am. I trade CL, GC, and 6J using auction theory hypotheses (similar to FT71) and price action set ups. I have heard that the overnight session is very much like the regular hours except that it moves slower. In my experience so far, this seems to be true for the most part. However, I get the feeling there are some tricks to the trade for this time of the morning.

Is there anyone on this forum (who maybe keeps a journal) who specializes in the overnight session?
Who has experience with this session and can tell me what they have learned?

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  #3 (permalink)
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Omer עומר / Israel י
 
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What you mean is, that you are trading the London session ?

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  #4 (permalink)
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rleplae View Post
What you mean is, that you are trading the London session ?

yes, effectively. Although, in my particular markets, I am convinced that sometime the movement is being driven by new information in sympathy with Europe and other times the movement is just a random walk which revisits levels of the previous day session and later prepares for next. With that in mind, I prep for the session by locating points of interest from the day session while using volume profile to form an opinion about where price may start heading by the end of my session and into the next day.

That being said, it is frustrating because it is such an in between session. Especially with CL and GC, price will get stuck in a wide consolidation (usually based on levels from the regular session). I will wake up the next day to find my hypothesis was correct!..... but did not play out until 10:30. Using volume profile in micro composites is still helpful in looking for trade set ups. It is the context that can be tricky to determine.

I don't want to make excuses though. This is the session I have, and I am going to figure it out!

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  #5 (permalink)
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Omer עומר / Israel י
 
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KatieD View Post
yes, effectively. Although, in my particular markets, I am convinced that sometime the movement is being driven by new information in sympathy with Europe and other times the movement is just a random walk which revisits levels of the previous day session and later prepares for next. With that in mind, I prep for the session by locating points of interest from the day session while using volume profile to form an opinion about where price may start heading by the end of my session and into the next day.

That being said, it is frustrating because it is such an in between session. Especially with CL and GC, price will get stuck in a wide consolidation (usually based on levels from the regular session). I will wake up the next day to find my hypothesis was correct!..... but did not play out until 10:30. Using volume profile in micro composites is still helpful in looking for trade set ups. It is the context that can be tricky to determine.

I don't want to make excuses though. This is the session I have, and I am going to figure it out!

I think this sessions is sometimes liquid
and may be sometimes less liquid, that might be a track to work on...
depending on the liquidity..

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