The Daily Market Forecast... sleep trading
Today’s Lesson: Sleep trading.
The futures market opens at 6:00 PM ET. It’s called the Globex session and it is easier money than the day session. Why? The participants are different. Day session volume brings out all the big position traders and that creates a noisy effect on price action. Here’s 5 compelling reasons why you should take on this “night job…”
- The Globex session is less noisy meaning your stops will be filled less often.
- The best W/L ratio and highest profit time periods are from 18:00 to 9:30 ET. You can trade until noon, but the results will be less profitable.
- Breakout trades in the first 30 minutes of the Globex are incredible. Reversals are not.
- There are 10 “sessions” every week. 5 during the day, 5 Globex. Of those 10, the TOP 4 profit-wise are Globex.
- You can set/forget your trades before you retire for the night.
If you’re thinking “I don’t have the time to analyze the market and KNOW where to place those Globex trades” then you’re in luck. We provide our members a complete trading plan for the Globex session every market day around 5:15 PM ET, that’s 45 minutes before the open. Email me for a sample: [email protected].
Trade Well,
Mike Siewruk
P.S. For a free “mini-course” packed full of lessons on HOW to trade the Blog… Watch this video.