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I think it is about time I finally got around to a journal.
I am a scalper and I trader the early morning hours ending around 8 am east coast time. I probably will trade the TF and 6E. I will stay as far away from the ES as I can.
First things first. I trade with Ninja and Amp. I have been trading off and on for a while, but mainly off due to family and work obligations. I am looking at trading contracts that are trading during the London time frame because of the time difference to the West coast.
I think the 6E, 6B , Bund and maybe the FESX. My style is trading pull backs in a trend, so I need to see if these fit my style.
Any other suggestions on what to trade would be helpful.
Can you tell me, did you decide to start the journal in part because of the free iPad / $600 tablet contest? I'm just tracking things to see what works to motivate people...
As for which instruments, I think TF and 6E are probably good choices. As for FESX, I traded it two or three years ago and if I recall the open would be around midnight or 1am your local time and was probably the best time to trade it.
IN PART , yes. I don't think I will win, but the contest reminded me I should keep a journal again. I have kept a offline journal for a while , but recently I have become a little sloppy on keeping that up.
I don't think I am the best writer on the site, so my chances at winning a tablet are not the best.
The TF and the 6E seems to be less noisy than things like the ES. I am still looking at the FESX this week.
I am also picking contracts based on time zone. Which is why the 6E and FESX.
Getting up too early is a killer for me. I get up and then I have a hard time getting back to sleep for fear that I will oversleep. Now I just have to worry about staying up late which I am much better at doing.
Looking forward to your journal, being on the WC as well, I'm always looking into other instruments to trade in the evening.
I tried the FDAX for a while and lost big time. It was alot like CL for me, very quick to move not really a "beginner" type instrument. I always thought the 6E was the same but, perhaps I'm wrong...
Today was a really bad day again in the 6E. just getting chopped up, in four small trades. So I will post the FESX for this morning. I didn't trade this even on SIM.
This is a basic chart for me. I have a donchian channel and support and resistance lines. In this chart, I am looking for short opportunities since the market was generally moving lower.
Hmm, yes I should probably also stop fighting my natural tendency to stay up late and just trade something like the 6E. I am always worried about not being able to find enough volume in any other instrument, but perhaps my fears are unjustified.
