In today’s video Erich covers trading after hours:
Here we are trading December gold futures shortly before the Asian market open. As you can see from the video, you can get some pretty good moves. We are using the Hawk Micro Scalper and the Mean Renko Bars which really help you identify the price action.
DTS gives us a complete signal telling us that we should make a trade. So I go over to Trade Manager which lets me know that we can afford to take four contracts on this position and we set up our profit targets and stop loss.
From there, Trade Manager will automatically manage my position so we just sit back and watch the market. Because we listened to our signals and properly managed our money, our trade was successful with a profit of $650.
As you can see, DTS is a great tool whether you use it in the day or after hours. After hours sessions are great markets to take advantage of especially if you have a day job and are not able to trade the regular market open.