right. Some traders use this strategy to trade. I am sure it is a good strategy. I don't particularly focus on this strategy. RBOB. its volatility has been known to be great. But I put it in my Least Desired Things To Trade List. There are other easier to earn money things to trade. Different traders trade differently as we have different experiences, competencies, preferences and hence we have different trade plan.
30 Mar asian session index futures ( and oil) gaped down when market opened. Where is market heading? up? down? side way? At this moment, the Australians and Japanese are not making decisive move. Let's see whether other Asian countries are going to make decisive move or not. If they don't, then we have to see whether the Europeans are going to make decisive move or not. Last Fri, Taiwan and Sgp made quite a decisive move. gold appears to be in its comfort zone.
30 MAR non FREEZING EUR session What happened so far ... many index futures went up about 2 hours before eur market opened. index futures reversed down when eur market opened. for such market, must stretch profit. ie leave some lots behind for many many hours. and profit might grow with time ; occassionally profit might grow exponentially. today market is very trendy & well behaved. very easy to earn > $1k. last Fri market was chaotic. very easy to lose $1k. ok. I have covered last Fri loss. commodities, currencies, bonds - hmm. trendiness not that great. Eurex stoxx 50 : dax :
30 mar FREEZING US session not much has changed since my last posting. few weeks ago, NQ daily volume was around 100k. recently NQ daily volume was around 50k. and charts still freeze?!?! there was slight improvement but still not acceptable. my estimate is when volume drops to 40k, there wouldn't be freezing problem. luckily I have two charting softwares ( one freeze type, one anti freeze type). no freezing problem during asian and Eur sessions
30 MAR ES summary up @ 1147a up again @100p reverse down @213p down again @309p up @810p reverse down @936p reverse up @949p (limited TP?) very trendy day. very different from last Fri chaotic day. OK. time to stop trading. If everyday is this trendy, traders don't to crack our head analyzing charts. seems like the FREEZE is over.
31 mar Asian market review overall, market getting dangerous to trade ; movement was rather limited, untrendy, chaotic. crude oil went up decisively. Gbp and aud went down rapidly at 89 degree gradient. but almost impossible to profit from it. let's see if the Europeans can make decisive movement.
1 Apr early Asian market review overall, market getting rather dangerous to trade; - day charts shows most markets moving in range, and day range is decaying - number of signals decaying with days - there are landmines here and there - reward risk ratio could hardly go beyond 4:1. It could easily go beyond 20:1 few weeks ago There is no significant news / events / powerful tweet to move the market decisively. most of the news are the usual, as-expected, nothing unique, nothing outstanding news resulting in undecisive market movement. gold & oil already went up.
1 Apr mid Asian market review # of signals so far : only 2 market getting very dangerous (very few signals). have to sit on my hands and have to go for multiple prolonged tea breaks. Let's see if the Europeans and lead the market.
1 Apr FREEZING SESSION during mid Asian session (before eur market opened), most asian eur US index futures (and copper) went down decisively. so come US session, it might continue to go down, reverse up, or sleep (ie just left with crumbs, skins, bones, insides ). Only powerful crystal ball can predict the direction. bonds, currencies (other than Eur) movement was rather limited. day chart shows most index futures are ranging over the past few days. high chance charts will freeze again. already it is FREEZING before US market opens.