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This is something that Gary taught me. The rollover is the 3rd Fri of the month BUT.......the way to know for sure which contract has the most volume is to open your MARKET ANALYZER .......put the current contract AND the next contract up and trade the one with the most volume.
THANKS GARY !!
The following 3 users say Thank You to Jeff Castille for this post:
I tested the Inside Bar Strategies on 6E 09-10 with the results per enclosed.
Testing Timeline: 2 weeks
Trading Hours: 9:00 am to 11:00 am EST
PT/SL: 10 and 20 respectively (Trade No 3 on the InsideBarLong log should be a losing trade -$250 unless SL @25. I need to fix my strategies as SL seems not working properly.)
I went through the chart manually. All Inside bar trades were captured on the logs.
Very impressive Jeff!
Beth
The following user says Thank You to wgreenie for this post:
Hi Jeff, given I live on the other side of the world, I often trade the 6E in the middle of your night. Until about 7 or 8am ET the 6E will have 4 to 5x the volume of CL.
In addition it moves more quickly than the CL as well. Although having said all that, it is not uncommon for the CL to have a 100 pt move before the cash open.
I agree with your referenced article. I have found that over a period of a number of months, the best time in the middle of the night is 3am to 5am (for both CL and 6E) often from 5am to 7am can be completely dead. But like all things trading, there are days when you get good moves right through to 9am ET.
The following 2 users say Thank You to steve2222 for this post: