Emini sp500 day traders...

[Chartsy]

hello i am beginning to day trade ES on a simulator, my problem is i am only back home at 4.30pm over here, which is the lunch session in the US...in other words i miss the open, given that i am tape reading and scalping the tick charts; should i even bother trading the afternoon session? (i can trade pretty much from 4.30-8.30)

 

[Pat494]

Personally I try to avoid trading the first hour anyway so as to let the markets settle which way they are going.

 

[Chartsy]

well at the moment i'm just watching a 500 tick chart with pivots and time and sales, and a few major s/r and trendlines drawn from hourlies and dailies

 

[DionysusToast]

I'd go for a pint & come back for the close.

Not that i'm ever awake for the close - it's 4am where I am. So take the advice with a pinch of salt. It appears that it's quite an exciting time.

 

[Chartsy]

pfft then i'm not really getting much screen time though, ill just grind it out and see

 

[Chartsy]

unless there any other good eminis or liquid futures markets out there which have volatility during these hours?

 

[DionysusToast]

Not that I'm aware of...

 

[Chartsy]

thats a shame
i suppose i could make up for it by recording the morning session with camtasia, watch that during the afternoon session and then watch the close after those 2-3 hours

 

[DionysusToast]

Get an account that has Ninja Trader - they have a market replay feature that would be better than camtasia...

I think you can get Ninja & Kinetick without an account anywhere too...

 

[Chartsy]

i have a ninjatrader mirus futures demo...i don't think that comes free with a demo .
and i cant afford the deposit needed to get into a tradestation account or whatnot

 

[DionysusToast]

Tools -> options -> Data -> Record for market replay.

Leave the PC on & connected. Leave open a market analyzer & a level 2 window (not a DOM) for the futures markets you want to record.

You can then go back later & look at charts, time & sales, DOM for those symbols.

 

[Chartsy]

so i can't see the candles forming huh?

 

[Chartsy]

o sorry, i get you now, that's sweet thanks

 

[Chartsy]

btw can you like move the charts about, zoom in and out, change timeframes in market replay?

edit: this is kind of important as i track the 60 minute trend and have quite a few levels/trendlines drawn which i need to be aware of, could just note them down , but trendlines are tought since their 'level' moves up as price trades on if you get me...

 

[DionysusToast]

Yup - all that - it's exactly the same as a live market feed.

 

[Chartsy]

well that's pretty gnarly

 

[Pat494]

btw can you like move the charts about, zoom in and out, change timeframes in market replay?

edit: this is kind of important as i track the 60 minute trend and have quite a few levels/trendlines drawn which i need to be aware of, could just note them down , but trendlines are tought since their 'level' moves up as price trades on if you get me...

If you are really strapped for cash then may I suggest
1.Finspreads.com.
2. play S&P 500 - £1 per point ( IG is £10 )
3. They have reasonable charts you can draw as many trendlines as you wish, plus moving avs etc., different timeframes, zoom etc.
4. free stops/limits
5. Deposit as little as £100

bon chance

 

[Chartsy]

ok pat but problem is im scalping for 4-5 ticks so DMA is needed, in time though funding mightn't be a probem, i should have enough built up for 1-2 contracts in a years time

 

[SanMiguel]

hello i am beginning to day trade ES on a simulator, my problem is i am only back home at 4.30pm over here, which is the lunch session in the US...in other words i miss the open, given that i am tape reading and scalping the tick charts; should i even bother trading the afternoon session? (i can trade pretty much from 4.30-8.30)

lunchtime is sausage hour...most of the money goes to the brokers and floor traders whipping it both ways. FOr me, I find it best on a high volume opening to fade the 1st hour and then play SR bounces after that...

 

[Chartsy]

i am using a strat atm which should be able to get a few thousand in a year/two. i figure if i just trade that until school finishes (2012) then i should have enough time and money to trade futures, it doesn't sound like lunchtime is worthwile anyway....gotta get my A-levels over me!