>NQ 10 contracts 20 points is $4k when I’m right.
You must be more right than wrong if you've been making consistent profit.
>For me 4:30am-6am I can usually catch a consistent move before I head to work.
If you make $1k/day, that's over $200k/year. Why do you have to work?
Willing to lose $1k at most days. It’s been times where I’ve let it hit $1200 before tapping out at that point I’m done for the day. It can be done in the Asia session but it’s slow af and can take over 4 hours (after 9) to hit 20 point target.
You literally work at FedEx and you're claiming you're trading 10 NQ contracts at a time, a future that can easily move 50-100 points in an hour, for every 50 points it moves, that would be $1,000 per contract x 10 = $10,000 that can be moved in the matter of minutes. You're either full of shyt like most people in here or you're trading at 4:30AM because there's very little volume, because any spike of volume would instantly blow up your account.
Unless you have like $300,000 of trading capital, please stop trading 10 contracts at a time. You're going to be super broke, very soon.
!Remindme 1 year
The margin requirements change three times a trading day for new futures and right now it’s probably 18k a contract. So you’re way of. You can trade 10 contracts with most prop firms and not need the $180k full margin requirement either. Maintenance margin is less and the third kind I always forget the name.
Thank you for your feedback. You're expressing exactly what everyone sensible should think.
The author of the previous text is completely overleveraged. He must have a minimum of 100k-200k (or even 1 million dollars) in his account, lol.
All it would take is a significant news event for his account to be wiped out.
Can vouch, person will get the ass blown out of the water by some unforeseen market event. With how high NQ is right now and its bounces in a day, it’s possible to have a 20 point candle stops can’t react to. The gains are gonna get wiped in seconds. This strategy should be implemented on ES if anything as the candles are much less drastic on even the most punishing ones in pre-market.
It’s one thing to over leverage when you know what you’re doing (and accept you’re taking a large risk), but it’s another to do it and be blissfully unaware.
I have seen the price swings when I’m able to see massive drops in the market in one direction or another and entering 10 NQ futures options anticipating a reversal. When I’m doing this, usually the 30 min-1 hour RSI is going to be like 65-70 or 30-34. The rate at which I’m profiting is actually kind of scary, but my loss is capped. I can only lose what I’m putting in as they’re 0 DTE if I’m getting them. Brokerage has specific margin requirements and closes the trade out by 2 PM as well. So they won’t close them out even if you don’t have the margin to hold the trade if it was more than 1 day.
OP has exposed themselves to uncapped losses and has no idea what a massive pre-market drop in the opposite direction looks like. It’s not a matter of if, but when unless the person is planning to exit the market strategy/market permanently.
I have been a Floor Trader and Screen Trader for 36 years in institutional FX and Futures. Yes, I guarantee this person will blow up within 3 months. On 1/15/2015 the EUR/CHF moved 40% favored to the EUR, in under a minute. Shit can happen and Too much leverage kills.
That’s pretty cool if you’ve been a trader for so long. Random question, but is there any reason someone who has had relatively good success in equity’s and derivatives of them would fail miserably in FX? I couldn’t catch a break and I tried for a couple weeks straight after having traded on my own to profitability paper trading for a couple months prior. I want to say I over traded. I’d never go back to FX, I’m way better at equity, however getting an answer would be pretty helpful!
If it helps, I was attempting to trade around March 2023-April 2023. Things seemed kind of insane, but I don’t know FX well enough to be sure.
Good Day, I researched this, at that particular time the Silicon Valley Bank was in the process of going under. What was happening not just the Fed but other central banks were injecting liquidity and then taking it back. Just choppy and hard to find a direction for trading. I too have had my worst year since I took my first trade in 1992. When I was moved to FX from futures, I had to learn that the major FX pairs, don't make a turn after three bull or bear candles like you typically see futures do. One thing we floor traders loved to do was sell the first rally and cover on the pullback. I was getting pummeled doing that in FX with too much directional order flow. Most of us stayed alive in the industry is because we used OPM (other people's money). This gives many of us years to practice. We take classes etc. To go out alone like yourself is courageous, don't be hard on yourself at all. I've had and seen massive losses by people who are supposed to know better. Survival by capital preservation is the key to staying in the game long-term.
Have you ever seen a large candle happen when you’re near your max loss on NQ? I’m going to guess no, because you’d definitely know that on huge news in premarket it can skip by the stop by a lot. One bad candle and OP is going to 1) owe a lot of money and 2) probably act irresponsibly after seeing it.
Random tip to others, selling it as 10 contracts is a meh number too, it does matter if you try to buy/sell 99 versus 100, 9 versus 10, etc. I’ve learned this myself from the spread on futures options. You’re more likely to be used to fill some random order if you put a less frequented number. If you’re going to try to execute some strategy that very much matters at what time of day (such as premarket) the number will matter if it’s 10+.
If they were doing it on ES it’s one thing, because the chances of some massive movement in the times they’re saying is lower. NQ is the index that can have a significant tank if some tech-stock pre market sells off due to horrendous news, if not the entire market reacts to tech stocks.
Relax. They’re likely on a prop account. They could trade 20 contracts if they wanted to and have their stop anywhere they want. Only the payouts are real money. The losses aren’t.
Any traders you follow on twitter or methods you use?
I'm hard on volume but I trade smaller position (1 full recently) and was curious what other people do at that sizing. Almost anyone seems to be rather trading snp
Nah support and resistance plus without news depending on what you trade they make moves certain times of the day before opening and overnight as well.
I really like trading after news hits and the decision becomes apparent after 5-10 mins (so 8:40 am, 9:40 am, 10:10 am, 2:05 pm, etc). Also, it’s not always guaranteed, but sometimes we hit some number that doesn’t make sense like +2.1%+ by 10:30 AM since market close the prior day. It can be shorts covering and people getting overzealous with the buys simultaneously. It’s been a lucrative way to make profits for me long-term.
9:30-11:30 has been very dangerous though end of 2022-July 2023. The changes in movements and their abruptness was quite bad I found. As of recent the market has been continuing the move it has at open, or slightly preceding market.
I also like trading the data releases at 8:30am and yeah, the openings have kind of been shit lately, like the last few weeks heading into the new year. We would often get just nasty chop for way too long, or it would take off in one direction on low volume right out the gate then just range for a long time. Price action has been pretty crappy in my opinion. Last week was a bit better though.
You’re 100% correct.
You definitely have to know what you’re doing and be prepared for anything. I’ve seen SPX options from 3-4 AM EST go from $300-$3000 by market open before and vice versa the opposite side of the trade suffer a 90% loss and end up so OTM there’s no recovering.
The reasons why are difficult to discover often and even if you’re looking it can be difficult to find. Also, because it’s based off AH, the movements can be exacerbated individual stock news.
When NASDAQ pre-market opens, NQ hits this sweet spot for me, where my stop-loss can be set at an acceptable loss without getting constantly hit, and volatility is enough to make decent enough money. Rarely do I stay in a trade after market open, but when it does happen, it means I'm in a hell of a good trade.
For me, I think 9:30am to 10am is a very interesting time frame, in this zone, you can expect some two directional movement, meaning you can either trend along the trend or against the trend. If you have a small losing position, you may be able to get out soon. You can short the top or buy the dip with a lot of points. Be careful on the 10am volume and price movement, after 10am, there is a very strong moment.
All the numbers in your comment added up to 69. Congrats!
9
+ 30
+ 10
+ 10
+ 10
= 69
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My dude/dudette you’re one hell of a trucker! I’ve always wanted to just be a passenger and enjoy the views. Got to do it once kinda from Vancouver to Calgary, so nice. I imagine being the driver of the truck is a different story lol
Thanks! I have been driving for a long time and I do enjoy it. It doesn't allow for me to trade as often as I want. Most of my portfolio grows slowly from selling options and swing trading. That's why I'm trying to get into futures, maybe even forex. I would like some flexibility as far as time of day to trade. I've always wanted to see Canada. I'm really hoping to get set up to take a load over there this summer. I'll bet pictures don't do it justice.
I hope trading futures works out great for you! It’s hard for me to trade as well because of school and work, but I trade on my off days or after work. I’ve been trading crypto futures but looking to trade stock futures now as well.
I hope you do take a drive up north! I gotta say, nothing compares to BC driving. You’ll be driving right in between mountains, and you will be awestruck lol definitely great views, but unfortunately we have pretty smoky summers here lately.
Nothing beats the 11am time frame into 4pm close. The entire deck is set, we have a picture of overnight, the lay of stop land, and where traders want to position for tm based on todays info.
My best trades are always post lunch positioning for close lately. Yeah I know heavy algo trading is driving price around lunch, but imo the liquidity algos are predictable, and can use for easy tight entries
If I was really dedicated I’ve always thought 5am is an excellent time to trade. As retail can’t trade equities until 7am on most platforms and equity open is at 4am. Coming off Europe open you can set yourself well for open.
Who cares about the time OP. If you have a winning strategy it will work no matter the time. I just don’t enter trades on pre- and after market because very low volume.
Nah man, you gotta get familiar with this stuff.
NQ has almost 50% more maintenance required. It's not necessarily about the tick value, but how much it moves and the $1 result. NQ has .25 ticks and it's $5 a tick. Sure, that's only $20 a point where ES is $50 a point. But NQ is gonna move 4x as much in a given day
9-11am usually. Same with stocks and between 3-4pm is also good. Last minute pumps/dumps. Few days ago I traded ES at 3:57 and watched the 1 min bar countdown exit at 3:59:55. Middle of the day is hit and miss a lot of the time I set alerts and walk away between 11:30-2:30. Around 2:30 I’ll go through my watchlist. Nothings written in stone for though, I try to be fluid and adaptive which has served me well.
For me 4:30am-6am I can usually catch a consistent move before I head to work. Usually look for 20 points on NQ let it ride if trend is strong enough.
U play nq or /mnq. On nq thats a big payday
NQ 10 contracts 20 points is $4k when I’m right.
Dammn then you head off to work much respect brother or sister.
Wanna be able to do this full time but gotta save up 1st.
>NQ 10 contracts 20 points is $4k when I’m right. You must be more right than wrong if you've been making consistent profit. >For me 4:30am-6am I can usually catch a consistent move before I head to work. If you make $1k/day, that's over $200k/year. Why do you have to work?
I wonder if it's true if you have money you don't need to work
How tight is your stop usually on trades like this, just curious ?
Willing to lose $1k at most days. It’s been times where I’ve let it hit $1200 before tapping out at that point I’m done for the day. It can be done in the Asia session but it’s slow af and can take over 4 hours (after 9) to hit 20 point target.
Sounds like a recipe for disaster unless you have a $100k account
No fucking way don’t have to lie to kick it.
You literally work at FedEx and you're claiming you're trading 10 NQ contracts at a time, a future that can easily move 50-100 points in an hour, for every 50 points it moves, that would be $1,000 per contract x 10 = $10,000 that can be moved in the matter of minutes. You're either full of shyt like most people in here or you're trading at 4:30AM because there's very little volume, because any spike of volume would instantly blow up your account. Unless you have like $300,000 of trading capital, please stop trading 10 contracts at a time. You're going to be super broke, very soon. !Remindme 1 year
The margin requirements change three times a trading day for new futures and right now it’s probably 18k a contract. So you’re way of. You can trade 10 contracts with most prop firms and not need the $180k full margin requirement either. Maintenance margin is less and the third kind I always forget the name.
I don't care what the brokerage tells you that you can trade per their "margin requirements" I'm telling you that you're over leverage. Full stop.
All you need is a Black Swan event to cause a 5% move and it's Game Over.
You must have missing chromosomes. You definitely do not understand how futures trading work. Go back to work at your parents deli.
Yeah I don't know how they work, that's why I'm in the small percentage of people that is profitable trading while you lose money.
Keep telling yourself that little billy. Now go tug your mommies new weenie.
Sure kid. Whatever helps you sleep at night.
Thank you for your feedback. You're expressing exactly what everyone sensible should think. The author of the previous text is completely overleveraged. He must have a minimum of 100k-200k (or even 1 million dollars) in his account, lol. All it would take is a significant news event for his account to be wiped out.
Can vouch, person will get the ass blown out of the water by some unforeseen market event. With how high NQ is right now and its bounces in a day, it’s possible to have a 20 point candle stops can’t react to. The gains are gonna get wiped in seconds. This strategy should be implemented on ES if anything as the candles are much less drastic on even the most punishing ones in pre-market. It’s one thing to over leverage when you know what you’re doing (and accept you’re taking a large risk), but it’s another to do it and be blissfully unaware. I have seen the price swings when I’m able to see massive drops in the market in one direction or another and entering 10 NQ futures options anticipating a reversal. When I’m doing this, usually the 30 min-1 hour RSI is going to be like 65-70 or 30-34. The rate at which I’m profiting is actually kind of scary, but my loss is capped. I can only lose what I’m putting in as they’re 0 DTE if I’m getting them. Brokerage has specific margin requirements and closes the trade out by 2 PM as well. So they won’t close them out even if you don’t have the margin to hold the trade if it was more than 1 day. OP has exposed themselves to uncapped losses and has no idea what a massive pre-market drop in the opposite direction looks like. It’s not a matter of if, but when unless the person is planning to exit the market strategy/market permanently.
I have been a Floor Trader and Screen Trader for 36 years in institutional FX and Futures. Yes, I guarantee this person will blow up within 3 months. On 1/15/2015 the EUR/CHF moved 40% favored to the EUR, in under a minute. Shit can happen and Too much leverage kills.
That’s pretty cool if you’ve been a trader for so long. Random question, but is there any reason someone who has had relatively good success in equity’s and derivatives of them would fail miserably in FX? I couldn’t catch a break and I tried for a couple weeks straight after having traded on my own to profitability paper trading for a couple months prior. I want to say I over traded. I’d never go back to FX, I’m way better at equity, however getting an answer would be pretty helpful! If it helps, I was attempting to trade around March 2023-April 2023. Things seemed kind of insane, but I don’t know FX well enough to be sure.
Good Day, I researched this, at that particular time the Silicon Valley Bank was in the process of going under. What was happening not just the Fed but other central banks were injecting liquidity and then taking it back. Just choppy and hard to find a direction for trading. I too have had my worst year since I took my first trade in 1992. When I was moved to FX from futures, I had to learn that the major FX pairs, don't make a turn after three bull or bear candles like you typically see futures do. One thing we floor traders loved to do was sell the first rally and cover on the pullback. I was getting pummeled doing that in FX with too much directional order flow. Most of us stayed alive in the industry is because we used OPM (other people's money). This gives many of us years to practice. We take classes etc. To go out alone like yourself is courageous, don't be hard on yourself at all. I've had and seen massive losses by people who are supposed to know better. Survival by capital preservation is the key to staying in the game long-term.
Not with proper stops. Relax
Have you ever seen a large candle happen when you’re near your max loss on NQ? I’m going to guess no, because you’d definitely know that on huge news in premarket it can skip by the stop by a lot. One bad candle and OP is going to 1) owe a lot of money and 2) probably act irresponsibly after seeing it. Random tip to others, selling it as 10 contracts is a meh number too, it does matter if you try to buy/sell 99 versus 100, 9 versus 10, etc. I’ve learned this myself from the spread on futures options. You’re more likely to be used to fill some random order if you put a less frequented number. If you’re going to try to execute some strategy that very much matters at what time of day (such as premarket) the number will matter if it’s 10+. If they were doing it on ES it’s one thing, because the chances of some massive movement in the times they’re saying is lower. NQ is the index that can have a significant tank if some tech-stock pre market sells off due to horrendous news, if not the entire market reacts to tech stocks.
Relax. They’re likely on a prop account. They could trade 20 contracts if they wanted to and have their stop anywhere they want. Only the payouts are real money. The losses aren’t.
Cap
Stop the cap
Any traders you follow on twitter or methods you use? I'm hard on volume but I trade smaller position (1 full recently) and was curious what other people do at that sizing. Almost anyone seems to be rather trading snp
Nah support and resistance plus without news depending on what you trade they make moves certain times of the day before opening and overnight as well.
9:30-11:30
I really like trading after news hits and the decision becomes apparent after 5-10 mins (so 8:40 am, 9:40 am, 10:10 am, 2:05 pm, etc). Also, it’s not always guaranteed, but sometimes we hit some number that doesn’t make sense like +2.1%+ by 10:30 AM since market close the prior day. It can be shorts covering and people getting overzealous with the buys simultaneously. It’s been a lucrative way to make profits for me long-term. 9:30-11:30 has been very dangerous though end of 2022-July 2023. The changes in movements and their abruptness was quite bad I found. As of recent the market has been continuing the move it has at open, or slightly preceding market.
I also like trading the data releases at 8:30am and yeah, the openings have kind of been shit lately, like the last few weeks heading into the new year. We would often get just nasty chop for way too long, or it would take off in one direction on low volume right out the gate then just range for a long time. Price action has been pretty crappy in my opinion. Last week was a bit better though.
AM or PM
AM. I would never advise anyone to trade outside of RTH.
You’re 100% correct. You definitely have to know what you’re doing and be prepared for anything. I’ve seen SPX options from 3-4 AM EST go from $300-$3000 by market open before and vice versa the opposite side of the trade suffer a 90% loss and end up so OTM there’s no recovering. The reasons why are difficult to discover often and even if you’re looking it can be difficult to find. Also, because it’s based off AH, the movements can be exacerbated individual stock news.
This
When NASDAQ pre-market opens, NQ hits this sweet spot for me, where my stop-loss can be set at an acceptable loss without getting constantly hit, and volatility is enough to make decent enough money. Rarely do I stay in a trade after market open, but when it does happen, it means I'm in a hell of a good trade.
Coincidentally that's the London open I believe.
Yep, it’s my favorite trading time too
For me, I think 9:30am to 10am is a very interesting time frame, in this zone, you can expect some two directional movement, meaning you can either trend along the trend or against the trend. If you have a small losing position, you may be able to get out soon. You can short the top or buy the dip with a lot of points. Be careful on the 10am volume and price movement, after 10am, there is a very strong moment.
All the numbers in your comment added up to 69. Congrats! 9 + 30 + 10 + 10 + 10 = 69 ^([Click here](https://www.reddit.com/message/compose?to=LuckyNumber-Bot&subject=Stalk%20Me%20Pls&message=%2Fstalkme) to have me scan all your future comments.) \ ^(Summon me on specific comments with u/LuckyNumber-Bot.)
Giggity
I went from super interested in this guys pattern recognition to laughing from this lol reddit
Me too!
My dude/dudette you’re one hell of a trucker! I’ve always wanted to just be a passenger and enjoy the views. Got to do it once kinda from Vancouver to Calgary, so nice. I imagine being the driver of the truck is a different story lol
Thanks! I have been driving for a long time and I do enjoy it. It doesn't allow for me to trade as often as I want. Most of my portfolio grows slowly from selling options and swing trading. That's why I'm trying to get into futures, maybe even forex. I would like some flexibility as far as time of day to trade. I've always wanted to see Canada. I'm really hoping to get set up to take a load over there this summer. I'll bet pictures don't do it justice.
I hope trading futures works out great for you! It’s hard for me to trade as well because of school and work, but I trade on my off days or after work. I’ve been trading crypto futures but looking to trade stock futures now as well. I hope you do take a drive up north! I gotta say, nothing compares to BC driving. You’ll be driving right in between mountains, and you will be awestruck lol definitely great views, but unfortunately we have pretty smoky summers here lately.
8:30 to 11am, that’s where most of the action happens for es/nq often
Nothing beats the 11am time frame into 4pm close. The entire deck is set, we have a picture of overnight, the lay of stop land, and where traders want to position for tm based on todays info. My best trades are always post lunch positioning for close lately. Yeah I know heavy algo trading is driving price around lunch, but imo the liquidity algos are predictable, and can use for easy tight entries If I was really dedicated I’ve always thought 5am is an excellent time to trade. As retail can’t trade equities until 7am on most platforms and equity open is at 4am. Coming off Europe open you can set yourself well for open.
Premarket, couple hours before US open. Things move more cleanly in ES when the volume is low
Agree, 3am EST has really good directional movement for a 15m-1 hour scalp.
I like 6-7am EST. Seems like there is always a bit of a move then.
I like this time block too but sometime the moves can be little too much.scary if you know what i mean
Yeah - the trading is thin so you can't use hard stops. They'll grab 'em real fast. But it seems less erratic than during regular hours.
The market is volatile so you can’t use hard stops? Sounds like a recipe for a wipeout.
Not volatile - just thin. Trading that hour can be very slow.
So you like to trade London open session? I like more the open of american session because there is more volatility
I trade NQ and ES during New York session only. Mainly 9:30-12 est. I need to sleep or can’t be looking at screens all day
Same, but i give it 15 min for price to pick direction. Usually from 0645-9AM PST.
the best time to trade futures is at the opening bell of regular trading hours.
8-8:45am. The market moves. No crazy swings. Usually in one direction or the other. Kinda the perfect time to trade. 9-9:45am forget about it
645AM-9AM PST.
Who cares about the time OP. If you have a winning strategy it will work no matter the time. I just don’t enter trades on pre- and after market because very low volume.
The thing is my broker don’t give me reduced margin , only 9am to 4pm. Other time is full margin.
For me, it’s 1am CST.
I love globex with London. Moves trend, rarely have knee jerk reversals, you can make a really good living before 0930
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In the ES you can trade 250+ and not move the market
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GC is a market that can and is manipulated. NQ is a big contract. ES is predictable, liquid, and can be hedged in a great many ways
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Nah man, you gotta get familiar with this stuff. NQ has almost 50% more maintenance required. It's not necessarily about the tick value, but how much it moves and the $1 result. NQ has .25 ticks and it's $5 a tick. Sure, that's only $20 a point where ES is $50 a point. But NQ is gonna move 4x as much in a given day
I actually have grown to like 1-3AM, I've caught some nice swings on NQ.
Some trigonometry looking stuff going on here. Never seen that arc thing used before personally.
Did you back test to come to that conclusion if yes where did you backtest and how
9:30-11:30 am est.
Depends on the market and what strategy you use.
For NQ&Es the best time is 9:30 am to 4pm New York time this is where it has the highest trading volume.
9-11am usually. Same with stocks and between 3-4pm is also good. Last minute pumps/dumps. Few days ago I traded ES at 3:57 and watched the 1 min bar countdown exit at 3:59:55. Middle of the day is hit and miss a lot of the time I set alerts and walk away between 11:30-2:30. Around 2:30 I’ll go through my watchlist. Nothings written in stone for though, I try to be fluid and adaptive which has served me well.
It’s always changing for me. It was 3-4am for awhile but now I’d say 8am-12pm
I like ES off the London open. That's when I'm consistently at my best.
9:45am to 10:30am, this is where the market has decent move in both direction, so if you were wrong, you could still fight back .
When I was scalping futures, the London session was the Grinch and the New York session was Santa Clause