Another day, another for scalping Emini futures, but don’t forget Globex!

An interesting session following the key FED meeting a day earlier with the markets anticipating the start of a round of rate cuts, sending equity markets higher and consequent yen selling. However, what is always fascinating about such events, is that by the time the US cash markets open again, all this news has already been absorbed, and this was the case here. On Globex we had already seen some wonderful moves overnight and through the London session with even paced pricing and little or no volatility in the trend higher. Trading on Globex is straightforward for many reasons, not least that the algos wait for the cash markets to open. And of course best of all volume price analysis works perfectly whether trading on Globex only.

During this session, the bullish momentum had drained away leaving thin market trading conditions across the three Emini indices, with the ES emini in particular showing very low tick values on the Tickspeedometer. In such cases its on to the fastest timeframes which are one of the great advantages of NinjaTrader with seconds charts to complement both tick and renko charts.

About Anna 2015 Articles
Hi – my name is Anna Coulling and I am a full time currency, commodities and equities trader. I have been involved in both trading and investing for over fifteen years and have traded many different financial instruments, from options and futures to stocks and commodities. I write and publish articles ( mostly for free ) for UK and international publications on a wide variety of financial issues, and in particular I enjoy helping others learn how to invest and trade.

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