If you are daytrading the NQ, then watch the EURO Currency Futures. Symbol @EC on TradeStation. The two work as Divergent pairs to one another. Trading @EC from 5:00am until 6:30am PST is prime, its all over by 11:00am PST in the EURO, then you could consider the afternoon session in the NQ. best- momo
How about trading the ES or NQ overnight? Just tonight, the ES has moved from a low of 1039.50 to 1041.50 so there were 2 pts to be made if you got in at the right time. I want to know if anyone is trading the ES overnight; and if they are, perhaps they could share some techniques which only work in overnight trading. Thanks, -Fast
ES is VERY illiquid @ night. They do not start moving until 3AM. Subtract .25 from the high and low for a realistic range in the early evening session. Only a few contracts are trading at the high and low ticks. I am not knocking after-hours trading, merely pointing out that you are better off trading when you have liquidity and more volatility.
well now, you have to knock off .25 for a realistic range for the day. How is es illliquid? As long as the spread is one tick, there's the bid, there's the ask. You can hit or lift, take your choice. Yes, if you are sitting there trying to buy the bid, it may be a long wait, but most of the night the spread remains one tick until both sides get fed up and it sits at .50 until the other one finally blinks.
I sense alot of the after hours play has to be from abroad and is highly correlated to the activity on the FX. But is this a viable strategy after the present situation with the dollar stabilizes?