just sharing knowledge resources and experience with my fellow traders
My Emini day trading strategy
Posted 05-03-2010 at 04:25 PM by malabeba
. Time (London local time ): Trading is divided into two sessions:
· Pre- market session: trading 1 to 2 hours between 7am to 1pm;
· US session: trading for 30 min between 3pm to 5pm;
The reason why I divided trading into two session is because in the morning, before US market open the volume and volatility are low and there is usually big movement between 7am-9am, often related to the UK news as an indicator what will follow later in the afternoon . The range is very low between 2 to 5 points, and more look like congestion, but thats good, because quite opposite of other traders I dont avoid it, and even take few quite very low risk trades when market is moving sideways. Number of trades taken in the morning session is around 10 trades. Read more at Trading Edge
· Pre- market session: trading 1 to 2 hours between 7am to 1pm;
· US session: trading for 30 min between 3pm to 5pm;
The reason why I divided trading into two session is because in the morning, before US market open the volume and volatility are low and there is usually big movement between 7am-9am, often related to the UK news as an indicator what will follow later in the afternoon . The range is very low between 2 to 5 points, and more look like congestion, but thats good, because quite opposite of other traders I dont avoid it, and even take few quite very low risk trades when market is moving sideways. Number of trades taken in the morning session is around 10 trades. Read more at Trading Edge
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