I've been trading futures for nearly a year now on and off, although I've spent most of my time working on strategies etc.
One thing I've found is that the period between 8pm and 9pm (UK time) is my most profitable.
After the European cash markets close late afternoon the volume in futures markets drops off significantly between 5 and 8, but from 8-9 the volume picks up markedly and there is very often a lot of movement in that time.
The US cash markets close at 9pm and the Eurex futures markets also close at 9pm, and that last hour or so is the best time of day for short-term trading imo - there is rarely any scheduled news released during that time which is also a good thing.
'just thought I'd share the above for those interested.
SF.
Trading financials for a living
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
Cheers for that SF - handy info. Still not had time to do much at all with regards to financials but hopefully in a month or so I will have more free time to start looking into it all.
Sorry to be posting at this un-godly hours, but welcome to my world. Anyway, a quick post to say anybody heard or have any view about TWP http://www.tradewithprecision.com/ ? I've just attend their 2 hrs seminar in London showing what they do, how they trade etc. with a 5 minute sales pitch at the end about 5 hrs webinar + 2 day course + 1 year support for c. £1,700. They're basically educational providers on financial markets but with hands on appraoch on regular basis with few well defined strategies that you could use to jump start you financial trading career. I'm not on comission so I'm not selling their product but somebody like me who's constantly struglling to find time to do things one has to or want to, might do with a bit of help if it speeds up things on financial trading front so this may be a solution? It sounds to me a good way to speed up the learning process but other people may have a differnet view.
Hi Photon
I don't know about this particular course, but that sounds like a rip-off.
Whether you want to trade intra-day or using larger timeframes, there are perfectly good methodologies out there for a fraction of that cost.
I'm sure they did an impressive presentation, but have they shown you any detailed track records? And even if they do walk the walk, are their methods sufficiently mechanical for you to reproduce their successes without difficulty?
You might want to ask if anyone at this forum has heard of them: http://www.trade2win.com/boards/. And you could probably learn a bit about financials trading by just reading the articles posted by the site's professional traders.
Jeff
I don't know about this particular course, but that sounds like a rip-off.
Whether you want to trade intra-day or using larger timeframes, there are perfectly good methodologies out there for a fraction of that cost.
I'm sure they did an impressive presentation, but have they shown you any detailed track records? And even if they do walk the walk, are their methods sufficiently mechanical for you to reproduce their successes without difficulty?
You might want to ask if anyone at this forum has heard of them: http://www.trade2win.com/boards/. And you could probably learn a bit about financials trading by just reading the articles posted by the site's professional traders.
Jeff
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superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
Big Mike's Trading Forum is another place you might want to ask. http://www.bigmiketrading.com/
Proton
Having looked at the Trade With Precision website, what they're teaching appears to be bog standard stuff.
If you want an introduction to concepts like Fibonacci retracements and divergence trading (which many traders regard as bs, btw), save yourself £1,700 and visit this site: http://www.babypips.com/school/
Jeff
Having looked at the Trade With Precision website, what they're teaching appears to be bog standard stuff.
If you want an introduction to concepts like Fibonacci retracements and divergence trading (which many traders regard as bs, btw), save yourself £1,700 and visit this site: http://www.babypips.com/school/
Jeff
Thanks Jeff & superfrank for useful info.
One can have Ph.D in Fibonacci retracements but if you don't figure out a way of using that and building it in your trading plan then its not much of use. So looking at actual trades with sufficient details about rationale,results, etc. throught the year can help the process of coming up with a succefful and workable plan much quicker and less painfully.Having looked at the Trade With Precision website, what they're teaching appears to be bog standard stuff.
If you want an introduction to concepts like Fibonacci retracements and divergence trading (which many traders regard as bs, btw), save yourself £1,700 and visit this site: http://www.babypips.com/school/
I think you'll find that there's no secret method that cracks the market's code. 
And if you want to know how people apply particular techniques in practice, there are plenty of blogs, You Tube videos and forum posts out there that are available FOC.
Jeff
And if you want to know how people apply particular techniques in practice, there are plenty of blogs, You Tube videos and forum posts out there that are available FOC.
Jeff
Photon wrote: One can have Ph.D in Fibonacci retracements but if you don't figure out a way of using that and building it in your trading plan then its not much of use. So looking at actual trades with sufficient details about rationale,results, etc. throught the year can help the process of coming up with a succefful and workable plan much quicker and less painfully.