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Hi Everyone,
Just curious about anyone in this group who trades in Europe. I am London based, and so my charts for US Indicies has the "overnight" trading bars where I can trade. I.e. where an analysis might suggest a "big gap up / down overnight", my chart shows the patterns that get you there. All the charts in the course / Daily Setups do not show the overnight trading candles, but the analysis / thinking behind the analysis is still relevant. The main difference for me however is that the MA20 is not quite in line with the chart analysis I see, although after about an hour into the US session it tends to line up.
So there are no issues per se, but I wondered a) if there was anyone in the forum that trades in Europe and has been following the course for a while, b) what your approach might be to trading US markets before the US open, c) experience using / following the analysis taking place in this group vs. the charts you see (which have more bars).
Thanks!
Re-reading this (and after being in the free webinar yesterday), I think my question is somewhat ambiguous so I'll make it clearer:
1. Does anyone, trading in Europe, trade the Extended Trading Hours (ETH) of the US Stock Markets (also would be great to hear if anyone thinks it's just a bad idea)
Watching the traders yesterday in the Webinar, they all seemed to refer to / use the ETH charts and not just the Regular Trading Hours (RTH) charts, so I'm trying to figure out if anyone trades ETH regularly or if the sentiment is to trade Europe first (eg DAX) then a bit of US (E-mini).
Not looking for instruction, just advice / thoughts based on other people's personal experiences.
Thank you in advance!
I don't. I'd rather trade a market where the underlying is open. During ES ETH (Europe morning) there are many good options such as DAX, FTSE, Bund, ESTX50, etc that produce plenty of volume and price action to trade.
During Asia morning there is Nikkei, ASX and Nifty50.
Thanks Tim!
Hi Dolapo,
I trade Gold during the US overnight hours, especially around the Tokyo and then London opens. I absolutely stay away from the S&P during those times. I think BTC course focuses on RTH simply because of volume and amount of activity of the ES market during those specific times. The U.S. overnight mostly contributes just to setting of GHX/GXL levels.
I think same concept can be transferred to European timezone markets. So let's say DAX. Then trader would identify respective RTH hours of DAX and remove its "overnight" hours just to match with BTC ideas and get those gaps on the open concepts working again.
Hope that helps!
CH
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