Morgan City, Louisiana
Posts: 1 since Nov 2011
Thanks Given: 1
Thanks Received: 1
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I'm new to Big Mike's so I'm not sure if this is the right place to ask this question, but here goes. I'm not new to technical trading, but have been away from the markets for several years. When I was in the futures markets previously, there was an active day session with very thin after-hours electronic trading which could be ignored for all practical purposes. The around-the-clock electronic trading that is now the norm may present some problems with my trading methodology. Perhaps some of you can help me with this. The methodology I will be using would have me entering trades during the day on short-term timing charts (approx. 15 min.). Trades would then be monitored until either stopped out or confirming signals are received on higher timeframe monitor charts (approx. 60 min.) One potential problem is that the confirming signals could come during after-hours trading when I can't monitor the market (and by the way, the methodology doesn't lend itself to total system automation). Trades would then be monitored on this timeframe until either stopped out or confirming signals are received on daily charts. For optimum results, stops will be adjusted very frequently, perhaps bar by bar. This would be considered swing trading with positions sometimes held for days or even weeks. The problem is, if trading is fairly active with significant price movement outside of my normal trading day (US Central time), it may be difficult to properly follow my trading rules, especially during the early phase of a trade on the smaler timeframes. As the trade scales up to higher timeframes, this would be less of an issue. I realize that this would be no problem for day traders, which most of you probably are. Do any of you swing trade any of the emini contracts, and how do you deal with after-hours activity? I believe certain platforms like NinjaTrader allow you to chart only certain session data, but if you ignore the rest, wouldn't you end up with large gaps from after-hours price movement? Am I missing something simple here? Any advice would be appreciated.
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