Hi, Besides ES and ZB, are you trading GC after release of the FOMC statement/minutes ? It seems that gold futures is very sensitive to economic news. Thanks.
Actually have automated method following 40 markets for Report Signal, each weekend plug in dates/times of each market that is affected by their reports including grains/softs etc. Yep Gold is a goody.
Moommist, Woke up at regular time and layed there, body not happy at all, maybe too much inflammation, eventually turned on laptop and traded little pre-market chop and then BAMMMM Hope you got the of the easy bucks when Crude woke up.
Thanks @Redneck .... this is the first day since I posted that update that I've logged into my journal here. Pretty crazy the last couple of weeks, but at least my business partner is much better... and this week he started doing half days. So I am looking to get back into the swing of trading next week. Seeing someone I care about have some real health issues, makes you realize how the one thing we can't trade is time... so we better spend it wisely.
Your welcome and hope you did well today, another fine day of trading Crude Oil and ES. Any day is fine to be able to trade for couple hours and walk away with money. It just the same patterns, same time stops, same targets/risk, just waiting for Yukoner to get going already.
Hi Handle, I agree. However, there are two exceptions: a) I usually do not place any order five minutes before or after a major news release. b) Crude oil often acts strange between 14:00 and 14:30 PM Eastern Time. For example, an ascending triangle was formed around 14:18 PM today. I decided to skip this signal. As usual, the setups I miss are usually big winners; the ones I love are usually losers. If you see a good pattern during the above-mentioned period of time, would you just skip it ? Or would you trade it with the same rules for entry, exit and trade management ? Thanks.
I will get out fifteen seconds before a report as often times signals are generated to make market go wrong direction anyway and I could make $100, and my Report signal is now automated covering 40 futures, forex and handful of stocks, so often seconds after a report time, orders are placed, this method runs 24 hours. But on Report days, I will day trade ES pre-market by when that reports comes out. Yes, Crude Oil been doing this for awhile, so we take opportunities as they come, trade morning and can trade afternoon if you didn't get enough.