5 oct Eur session what happened so far ... NQ up 832a (probably due to Nikkei) HangSeng reverse down 944a Taiwan Index down 1004a <<<< superstar performer !!! NQ also down 1004a TW HangSeng reverse up 1040a IN Nifty down 1228p Why Taiwan Index went down sooo much? Absolutely no idea & there was absolutely no prewarning. India Nifty now at 10500. is it aiming for 10000? ha! look at NQ. See how it is sleeping. wonder when it will wake up.
5 oct US session what happened during end Asian and Eur session : IN Nifty down again 142p Hangseng up 154p NQ down 224p germany fgbx down 302p <<<< super star performer ! NQ down again 307p copper down 402p (continuation from US session) Italy btp down 436p (spreaders not spreading italy and germany bonds?!) IN down again 502p IN down again and again and again @532p <<<< mega star performer ! IN Nifty aiming for 10 000? Perhaps few days later, news reporters will talk about India markets. Now wait for NFEC news. again how nice if I could just catch half of these signals.
5 oct NFEC trading NQ reverse down @835p NQ reverse up @845p. let's see how far it can go. nowadays gold eur gbp are immune to nfec news.
5 oct summary futures that went down significantly. Taiwan index India Nifty NQ (but very jerky spiky messy. very easy to lose money trading it) YM, RTY, ES ( they are much more organised than NQ) germany buxl futures that went down : Natural gas (lately getting quite tradable) Hangseng futures that went up : gbp (but untradable because very jerky spiky messy ) mexican peso (but untradable because very jerky spiky messy) soya lean hog futures with small range ( very easy to lose money trading these ) gold eur oil (because previous day long red candle) copper (because previous day long red candle) ____________________ So if you are lucky to pick trendy futures, good for you. And if you are unlucky to pick those very hard to trade futures, then very easy to lose money.
8 oct signals summary NQ down 613a tw index reverse up 903a gold down 903a gold, gbp down again 931a (start of week effect?) CNX China A50 down 955a Hang seng , CNX china A50 down 1024a IN Nifty up 132p Hang seng reverse down 134p NQ down 333p germany fgbx up 405p Italy btp down 408p (spreaders spreading italy and germany bonds) IN Nifty down 430p IN Nifty up 530p Natural Gas up 702p (very tradable outside US session ) NQ down 855p crude oil up 906p NQ up 939p NQ down 1045p NQ UP 200A most of the index futures exhibit similar pattern ( swing up swing down ) copper sleeping.
9 oct Asian session again index futures expected to move. best futures to trade is India Nifty. One thing good is its short trading hours ( 6 hours only) and its good trendiness. only need to glue ourself to the computer screen for 6 hours. trade with hugh quantity! target profit > $4k. max loss $1k
9 oct eur session Unfortunately, it is time for IN Nifty to sleep. It has not slept since 21 sept. For those futures that have already moved yesterday, I'd trade with caution by reducing trade quantity as today is considered a high risk day.
These are the situation which I considered higher risk : - 2nd signal of trend continuation - If previous day candle is long, today trading is of higher risk - perhaps trend reversal - violent spiky moving market because of higher risk, I'd reduce trade quantity.
9 oct US session My Nasdaq medium scalping trades : up 930p <<< big move up 933p up 935p down 941p up 950p up 952p ( I switched to RTY because NQ is getting too messy) <<< big move ok. 6 trades in half hour. quite straight forward to trade, answer from the text book. of course, some of these trades are scratch trades. on hindsight, I should have just traded RTY. hmmm. those heavy scalpers might incur 100 round turns in half hour ok. let me do again tomorrow if market has similar behaviour