What follows is what used to be my trading for a long time trading the ES(S&P) Futures
Further explanations to come
Premarket:
-Mark start of regular session
-Notice news times
-Prior day HL
-Set the 3 charts(Ticks, 610, 1300)
Opening:
-Gap: which direction? quantify?
-Look at volume
-Look at swing volatility(pre and opening)
-Attention to 10:00 and 10:30
Trade execution:
-Minimize risk exposure(time)
-Move sL
-Don't forget orders
The market
-First hour tendencies?
-How much swing selection?
-Ticks/price correlation?
After market
-Log all trades
-Mutual aspects of the trades?
-Criticism on all trades
-Reflection on the day overall
Premarket:
As I don't trade in the premarket, I rarely watch much of the price action there but use some of the time for preparations. I notice news times as I want to avoid trading through these. I mark the start of the regular session on the chart, so that I can clearly differentiate between PA before and after the opening. I set up different charts to get both a longer and a shorter perspective. Lastly I mark the high and the low from the preceding day, more specifically those from the regular session. When I get this done before the open I can simply focus on the actual trading with less interruptions when I'm in the market.
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