tag:blogger.com,1999:blog-709390629316238746.post7875329613759903201..comments2023-04-16T05:11:52.660-04:00Comments on Don Miller Trading Journal: The Weekend Trader - Four ...Don Millerhttp://www.blogger.com/profile/13263493919935087931noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-709390629316238746.post-90604343301148507852008-12-27T15:49:00.000-05:002008-12-27T15:49:00.000-05:00Id like to make a cupla points on trading Globex o...Id like to make a cupla points on trading Globex onight. Mainly its a very different animal to rth and it can be pretty tough. Im tradin from the UK.. and Im at my desk at 1.35 am. I check out the onight asian action; from 1.30 to 1.50 spoo will generally follow Hong Kong, from 1.50 to 2am Im looking at the grey prices pre open on the Dax from IGindex spreadbetting. This is oft the heads up on the 2am move on the dax\cac futures open. Ftse and MIB open at 3am and generally I look to fade the ftse move into 3.20am. The main point is from 1.30 am to 6.30-7am spoo will most slavishly follow oseas action. <BR/><BR/>For entries im generally looking to counter the hooks of px-vol extremes where the ftse/dax/cac/mib support the trade. <BR/><BR/>The whole point of globex is to get a jump start on the day for the rth session. ASll my bigger days come of a few k banked from globex<BR/><BR/>1 other observation.. I dont use it, but in the last year the amount of daily extremes seen in the globex session has been very high. <BR/><BR/>and finally.. the downside for me trading the globex session is on TRENDING onight sessions... I can recall lots of sessions watching europe and spoo grind relentlessly in 1 direction.. any attempt to counter getting picked off again and again. By the time I get to rth my whole body feels the frustration of relentleses trend which is BAD when the head knows that 9/10 that the peon trending action is a fade. <BR/><BR/>Thats why i dont get the idea of using the globex session as seed money to get the current rhythm as for me that rhythm is comming from a different band.<BR/><BR/>[srry for long and rambling post]<BR/>-RexVRexVulgarishttps://www.blogger.com/profile/09617657109243907861noreply@blogger.com