When to Trade
Best times to trade futures
Globex Session
From time to time one can expect this session to be quite active. The day prior, price action can provide some guidance as to what is expected in the next 6 to 12 hours.
Channel analysis is critical to understanding what price may do in the coming hours. The more you study charts, trends, support and resistance levels, the better you get at determining possible opportunities.
US Session
Calendaring Activities
Each index or ETF traded will have its own characteristics and price action will be greatly affected by news events directly affecting the underlying.
For example Oil (/CL /WTI) has a series of events which will cause significant volatility including:
- API Report on Tuesday afternoon
- Weekly Inventory Report on Wednesday morning
and the RIG Count report from Baker Hughes on Friday afternoon. - Personally, I use Google as my calendar for specific events I track. Also, Forex Factory provides a calendar of news events, global meetings, etc affecting all instruments.
Trade Timing
Price has the tendency to move quickly after market open during Globex and US Sessions. It is important to take action based on your price, channel analysis.
A trader may freeze waiting to see if price action confirms the expected move. Once price does confirm and moves as expected, it may be too late to enter the trade requiring a much larger stop loss to protect capital. Trusting your analysis is critical.
Why is Timing so Critical to Trading Success?
In trading, all is timing. Unless you are willing to have large stops, you must have a very good understanding of price action, channels, and support and resistance levels.
When you enter a futures trade on any instrument whether it is /CL Oil, /ES S&P 500 or /GC Gold, etc. timing is critical to entering, and protecting capital.
How can blackFLAG help with timing?
The blackFLAG© Futures Trading System provides a huge competitive edge to a trader. The indicators used consider buyer/seller volume, momentum, levels of support, and resistance plus work with channels, which assist in reading the signals.
My blog is updated regularly with charts showing the various components needed to make my trading decisions. The charts provide an idea of trends and possible price direction. The alerts provide the entries.
As a new potential trader, take the time to study and do your homework. There is no instant learning, Work is required. You must put in the time and effort to learn and follow the path provided.
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Trading can be highly rewarding once you learn how, when, why and what to trade.
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Trade Timing Is Critical To Minimize Entry Risk and Maximize Profits. When to enter and When To Exit!
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