How many lots is maximum gun? How do you know it is not naughty noisy signal vs clean clear cut before placing bet?
how many lots? It is based on the money management, and your trade plan (max loss per trade and per day allowable). Usually (not always), when intermarkets move in tandem, and market move decisively, probability of success will be good. In today case, simsci, Taiwan index, China A50, Hangseng, NQ, Nikkei, crude oil all moved together. Interestingly today India Nifty went down alot for whatever reason. But do note when market moves noisy jerkily and sluggishly, with lots of poisonous spikes sprinkled everywhere , price movement could be alot. Avoiding being injured by those spikes become very challenging.
28 Jan session preparation what happened so far .... Index futures - most asian index & dax futures were up - NQ was up during Asian session. come US session it has no more strength. - India Nifty long red candle due to whatever reason USD based - aud, eur, copper up - gbp up mysteriously during Asian session. and up again during US session - gold - very long blue candle. uptrend started during Eur session. Others - crude oil, copper - occassionally intercorrelated with index futures - natural gas still very healthy day range. - Italy Btp and Germany buxl - small day range. wonder when its day range will widen.
GOLD day 1 dominant candle 25 Jan day range : 240 ticks day 2 day range : 74 ticks shrinking day range is expected. gun should be loaded lightly day 3 day range : ~ 70 ticks ? day 4 day range : ~ 70 ticks ? day 5 day range : ~ 70 ticks ?
29 Jan signals so far ... Asian session: NQ down 759a Hangseng up 121p European session: gold up 302p (but one fake signal before that). movement will most likely be limited. India Nifty down 331p India Nifty reverse up 549p NQ ES RTY (and perhaps crude oil) up 836p dax - sleeping soundly. very few signals today
Natural gas price dropped from 4.9 to 2.8 over the past 2 months. lately day range has shrinked alot. seems like this winter is not cold at all. India Nifty day chart and its day range. My favorite; very tradable.
1 Feb trading / trading NFEC What happened yesterday : NQ ES RTY long blue candle dax long red candle due to whatever reason. germany buxl (and ZB ZN ) long blue candle crude oil swing up massively, then swing down massively eur gbp copper gold moved a little after previous day up movement. what happened few hours ago .... Hangseng long red candle. NQ not moving even though Hangseng was down. Lately NQ behaviour changed. It refused to move during asian and Eur session India Nifty moving very nicely and smoothly.
cont ... Italy bond went down alot. Seems like Italy Annual growth data was release recently on Thursday. hmmm. none of my economic calenders mentioned about Italy Annual growth data release date and time. what useless economic calenders. _________________
cont ... hmm. nowadays market rather immune even to major economic data news. and the news headline is DOW RISES ON THE BACK OF A BOOMING JOBS REPORT ! my goodness! Dow is sleeping! virtually no heartbeat! Defibrillator please ! crude oil going up. will it go beyond 55.35?
1 Feb summary Hangseng long red candle due to whatever reason. India Nifty - chart pattern very nice. day range very wide. price moved (up and down ...) probably due to India budget things Italy btp - long red candle due to Italy growth number. Unfortunately all my economic calenders are useless. NQ dow ... small day range. movement rather disorganised. rather immune to major economic data news. Average day range for Jan 19 is about half of Feb 18 ! NQ getting rather untradable during Asian and Eur session. crude oil - long blue candle. Indeed it went beyond 55.35 Natural gas - getting cheaper and cheaper. winter must be rather warm. day range still good at 120 ticks, but price movement rather disorganised. eur gbp gold copper - all sleeping Overall, there were fewer signals on 1 Feb. some of the futures have very wide day range. some of the futures are tradable, some untradable. _______