Emini Trading Update – Thursday 18 Apr 2013 (12:57)
Apologies if you’re getting 2 emails from me today – particularly after an absence of 10 days or so. Missed my email distribution cutoff time yesterday, so yesterday’s email gets sent out with this one.
Anyway, I often get asked if it’s possible to trade the Emini out-of-hours (i.e. not during the US “day session”). The answer is yes, but just during the European open – so that’s the 4 hours or so prior to the US open. Today’s first trade is a good example.
But remember the market will be a lot slower, plus I dial down my profit target expectations. Looking for 3 points instead of 4. The liquidity is still there, but don’t just blindly enter at market, check the volume sitting at bid/ask.
The time to avoid is the Asian session (after the US “day session”). This is usually just reflecting what happened in the US session and the range is just not there.
Good luck with your Emini trading.