c10 JWBT016-Busby October 9, 2008 11:3 Printer: TBD
Money Never Sleeps 121A bit of information that might be helpful to know is that DTI and
brokersXpress are currently working on a joint project for automated trad-
ing after hours. You can check this out at http://www.dtitrader.com.Review
The financial markets are at your fingertips virtually 24 hours a day. Learn
about trading around the clock and use technology and knowledge to make
money. Two of my favorite after-hours venues are the Dax and the S&P
futures. Dax trading is discussed in Chapter 9. I also enjoy trading the S&P
during the night and early morning hours. Two of my favorite trades are the
follow-through, a trade that takes advantage of the momentum of the day’s
session that has just ended, (a reversal play) and an early-morning trade, an
S&P play that I make during the Globex session. I use the Dax 6:00AMprice;
the V-Factor, a proprietary volume indicator; and the aggregate sentiment
across Asia and Europe to make this play.
After-hours trading not only opens the door for making money at night
and in the early-morning hours, but it also allows traders to access the
financial markets during many holidays when the trading pits are closed.
By using electronic exchanges that operate virtually around the clock, it is
possible to expand the hours available for trading, trade on holidays, hedge
positions, and just make more money.