Best hours to trade the footy......

[nkruger]

Following on from my "What Hours Do You Keep" thread elswhere, what hours do other Footy trading members think are best to trade the UK Index ?

1st thing (8:00am on), mid morning, US open.....

The goal, for me, is less hours, better life :cheesy:

 

[Glenn]

Following on from my "What Hours Do You Keep" thread elswhere, what hours do other Footy trading members think are best to trade the UK Index ?

1st thing (8:00am on), mid morning, US open.....

The goal, for me, is less hours, better life :cheesy:

I have always found the morning Futures session the easiest to trade (8 - 11 am).
From around 11 am to 1:30 pm is usually too quiet and directionless.
After 1:30 pm and especially once the US opens, the Ftse takes on a more volatile and aggressive personality which increases risk beyond my personal tolerance.

Glenn

 

[black bear]

Time for Coffee and Toast

I have always found the morning Futures session the easiest to trade (8 - 11 am).
From around 11 am to 1:30 pm is usually too quiet and directionless.
After 1:30 pm and especially once the US opens, the Ftse takes on a more volatile and aggressive personality which increases risk beyond my personal tolerance.

Glenn

Hi Glenn

Good post Glenn, I agree

I usually don"t bother with the 1st hour, to busy with coffee & toast

Only interest after wall St Opens is how it traded and what effect it will have on FTSE next day.

Was that late rally just a number/window dressing or did it make any real progress ?

Enjoy a good wheeze reading the Dow thread in the afternoon, only if its raining you get a whole new insight into the well known saying the trend is your friend on that thread, must just do things different that side of the pond I guess


Andy

 

[ceydababy]

I have always found the morning Futures session the easiest to trade (8 - 11 am).
From around 11 am to 1:30 pm is usually too quiet and directionless.
After 1:30 pm and especially once the US opens, the Ftse takes on a more volatile and aggressive personality which increases risk beyond my personal tolerance.

Glenn

I agree...8am till 11am...After 2:30 well.......Welcome To Vegas....Often turns in to a casino....like this pm for example

 

[ftse1001]

8:00am (UK Time) until midday. back at 4:00pm for an hour or so.

As other members have noted, once the Dow opens the volatility may destroy the pips built up in the morning.

I often find on days like today, when the Dow is closed, the ftse will behave and be easily tradeable.

Just my two pennies worth

 

[10pips]

[deleted comment]

 

[omttrdr]

Hi Guys,

I scalp the FTSE futures, and I have been reviewing trade setups on the FTSE Futures, and I am wondering if anyone has firmed up on the mechanical stops and targets trade parameters. I know about stops above the high/low of the trigger bar, but what is the general rule of the thumb?

I have tried with -5; -10 and -20 point stop, but with the recent intense volatility, the results have not been great. -5 gets hit way too often, but -20 has a severe impact on the P&L.

Anyone with insights out there?

Omt

 

[ceydababy]

Hi Guys,

I scalp the FTSE futures, and I have been reviewing trade setups on the FTSE Futures, and I am wondering if anyone has firmed up on the mechanical stops and targets trade parameters. I know about stops above the high/low of the trigger bar, but what is the general rule of the thumb?

I have tried with -5; -10 and -20 point stop, but with the recent intense volatility, the results have not been great. -5 gets hit way too often, but -20 has a severe impact on the P&L.

Anyone with insights out there?

Omt

Trade FTSE everyday with moderate success. I ALWAYS ALWAYS use a 10 point stop. I take entries from a 1min Chart though. If the entry is good enough you shouldn't get in to trouble with a 10 point stop, if it's hit on a spike that's just bad luck and if it gets taken because you called it wrong you'll be glad you only lost 10 points.

 

[Splitlink]

Seems to me that the grass is always on the other side of the fence. I have to leave trading by 1330 and , always, when I get back, mutter to myself about opportunities lost.

Last Friday afternoon was an example.

Split

 

[ftse1001]

Trade FTSE everyday with moderate success. I ALWAYS ALWAYS use a 10 point stop. I take entries from a 1min Chart though. If the entry is good enough you shouldn't get in to trouble with a 10 point stop, if it's hit on a spike that's just bad luck and if it gets taken because you called it wrong you'll be glad you only lost 10 points.

I agree with the 10 pip stop as well.

I look for (my) signals on the 2 and 3 min charts and then a 'fine tuned' entry using the 1 min. As you say, if it goes 10 pips the wrong way, it's not a successful signal, so leave it alone and wait for the next one.

 

[ftse1001]

8:00am (UK Time) until midday. back at 4:00pm for an hour or so.

As other members have noted, once the Dow opens the volatility may destroy the pips built up in the morning.

Update.
Over the last month or so I have knocked the afternoon trading on the head as the Dow makes it more risky to keep the pips earned in the morning.

Also, the weather's improving out here so I'm doing sport in the afternoons instead of being perched on a seat in front of monitors...

 

[nkruger]

Thanks everyone for your input ~ I tend now to get going at 8:15 just after the initial bunfight and then trade throught 'til about 1pm, unless I've not hit my 25 pip target (very unusual) If I do have to earn a bit more after the Dow has opened, I'll have a go between 3 ~ 5pm, but this is only once a week on average. Always finnish work at 1pm Fridays no matter what.

My initial objective has been reached ~ more leisure time, less work.

Nick.

 

[savioursofpop]

I've done some analysis of when the FTSE trades the most reliably. The results were quite marked - and weirdly consistent. If anyone would like the excel I'd be glad to share it. From memory 9.20, 9.40 and 10.40 in the morning were the most reliable periods, and then 3.20 and 3.40 in the afternoon.
I like most people here avoid between 12 and 2

 

[savioursofpop]

just found the top sheet - lower the ratio - the more consistent, over time the period is
so most reliable are first

time wins loses ratio
15:20 11 3 0.27
13:20 11 3 0.27
15:00 11 3 0.27
09:20 12 4 0.33
12:20 10 4 0.40
10:20 9 5 0.56
10:40 9 5 0.56
14:00 9 5 0.56
15:40 9 5 0.56
09:40 10 6 0.60
13:00 8 6 0.75
13:40 8 6 0.75
14:20 8 6 0.75
12:00 9 7 0.78
09:00 9 7 0.78
11:00 7 7 1.00
14:40 7 7 1.00
10:00 7 9 1.29
11:20 6 8 1.33
12:40 6 8 1.33
11:40 6 10 1.67

 

[cygnul]

I agree with the 10 pip stop as well.

I look for (my) signals on the 2 and 3 min charts and then a 'fine tuned' entry using the 1 min. As you say, if it goes 10 pips the wrong way, it's not a successful signal, so leave it alone and wait for the next one.

What do you usually risk then?

 

[alan5616]

Following on from my "What Hours Do You Keep" thread elswhere, what hours do other Footy trading members think are best to trade the UK Index ?

1st thing (8:00am on), mid morning, US open.....

The goal, for me, is less hours, better life :cheesy:

The FTSE can be a bit volatile early doors. Trading 9am-12noon may be the best solution.

 

[strongboes]

I personally use a stop related to the time the trade is open, my trades are usually closed after 10-20mins and in profit, after this the win ratio lowers significantly so I will bring my stop in pretty tight. As for best time of day I can honestly say that the way I do it the time of day doesn't make a difference although i find between 1330-1430 sometimes skittish.

 

[alan5616]

Following on from my "What Hours Do You Keep" thread elswhere, what hours do other Footy trading members think are best to trade the UK Index ?

1st thing (8:00am on), mid morning, US open.....

The goal, for me, is less hours, better life :cheesy:

Having traded both the FTSE and the DAX in the early morning, the DAX is a far better market to trade. If using a DA broker, the margin requirement is higher but, if using a SB, there is little difference in the spread. In my experience, the up or down momentum, follows through at a greater pace on the DAX.

 

[omttrdr]

Does anyone know why FTSE Futures traded till 2100h yesterday, not just with spreadbetters, but also with Futures platforms, instead of the 1730h close ?

Is this a permanent change in FTSE trading hours?

Many thanks

Omt

 

[nkruger]

It is a permanent change to the hours.