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As a beginner who is paper trading futures when time permits, namely the ES and the other emini's, I find myself wanting to trade at times of the day when they lack decent volume.
I'm in CA, and while I have time during the daytime, it is at most a couple hours, and on certain days of the week. I however have time from 8 pm to 2 am fairly often.
What might be some good instruments to consider during these times of day?
If there is one thing I've learned from this forum, it's the importance of gaining experience before going live. Whether that be 2 years in a demo / paper account or 10,000 hours, I'm prepared to put the time in and learn. I just need some instruments to work with my current schedule...
Thanks much.
EDIT / ADD: If it's helpful at all, I'm using OEC as my data provider...
I just saw on the OEC website that I should have access to NKD, as well as other Asian future indices. And in Europe, the FDAX and others... Cool.
With these, and non-index futures, if anyone has input on which might be best to trade from an educational perspective, please do share. Again, something in the evening time to early morning, pacific time.
I think you'll find that MOST, if not all instruments, have a significant drop in volume anytime that's not European open to American close.
Under that assumption, it's simply a matter of picking the instrument that has the volume action you're seeking within those time frames.
CL for example, is best traded from about 0000 to 1300 Pacific (no DST)....There's volume out to 1600 Eastern most of the time, but you don't want to get caught after that in a trade at the end of the day and have to either liquidate your position or face the close at 1715 and then the gap at 1800.