Toni Hansen's Online Trading Blog

Tuesday, June 24, 2008

Trading Afterhours in the EMinis

> Question:
>
> Can I trade Emini at non regular trading hours (Off working hours of New York time) so that I can keep my day job and practice intraday trading during the eveing?
>
> Does it have sufficient liqulity during the non regular trading hour?
> DO it form a patterns using Candlestick analysis?
>
> Thanks,

Answer:

You can definitely trade the Eminis afterhours! Things will be slower, but that is actually nice for a lot of people, particularly if you spend time at night near your computer or on it working on other things. I trade a lot afterhours because I am here working on other projects, so I keep one monitor up to watch the ES and when I see a setup form I can go ahead and place a position and go back to work on my other projects. My average hold afterhours is quite a bit longer than intraday and averages 3-4 hours, but shorter ones can take place if there is a lot of global news coming out or such. I prefer the ES at this time because it has the greatest liquidity, although about 1 our of 10 of my trades will be in the YM or NQ afterhours. I use exactly the same setups and trade triggers and such afterhours as I do during regular trading hours, so nothing changes in that regard other than the correction periods. These are on the hour beginning at 3 am ET and tend to correspond to foreign exchange opens and closes and the times of major economic data releases overseas.

All my best,
Toni

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