So, today the market did not break out of the overnight doldrums until about 4:00 am.
Remember all my times are based on Chicago, where the CME is.
Simulation trading before market open.
My first entry was long at 4:40
Continued trading in the simulator until 8:00 am, then switched to my real money account.
Still had a long trade open because the market went sideways.
One of the problems you can run into trading the pre-open market is lack of volatility and follow through on the trades. The low volume sometimes leads to this happening and the market will go back into a trading range.
Started trading on the real money account with my Open trade.
All went well on that, then I took the next signal and it went south.
Flipped it to a short based on my rules.
Market looked like it was not going to cooperate then dropped and hit my target.
Up $235 on the day in the real account, well above my $150 target for the day
Switched back to the Simulation to find that the long trade I was in was taken out on target.
Made one more short trade and called it a day
Up $180 in the simulation.
A bit short of my target of $500, but I spent more time on the real money account today.
Remember all my times are based on Chicago, where the CME is.
Simulation trading before market open.
My first entry was long at 4:40
Continued trading in the simulator until 8:00 am, then switched to my real money account.
Still had a long trade open because the market went sideways.
One of the problems you can run into trading the pre-open market is lack of volatility and follow through on the trades. The low volume sometimes leads to this happening and the market will go back into a trading range.
Started trading on the real money account with my Open trade.
All went well on that, then I took the next signal and it went south.
Flipped it to a short based on my rules.
Market looked like it was not going to cooperate then dropped and hit my target.
Up $235 on the day in the real account, well above my $150 target for the day
Switched back to the Simulation to find that the long trade I was in was taken out on target.
Made one more short trade and called it a day
Up $180 in the simulation.
A bit short of my target of $500, but I spent more time on the real money account today.
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