From my experience in trading Hang Seng futures intraday, forward testing results indicate that (especially within 1 hour after the OPEN)
Pros:
you would save a lot of money taking entry at premature reversal levels
Cons:
your entry would be a little late, and unlikely to catch those perfect reversed breakouts signals generated at slow stc levels ie 20/80
net net which one is better I don't know. Mike, can you share your view on this ?(no longs below your 20EMA / vice versa)
How did you end up having this conclusion of not taking counter-trend entry points ?
many thanks...
Can you help answer these questions from other members on futures io?
Each instrument has its specific times, when it can be traded, and also has its times, when trading does not pay off. The question is. how to determine the optimal trading times?
