This Trading Sessions

[quinn123 10]

Hi,

 

I'm from Australia and trade DAX, FESX & FTSE100 in evening.

 

Do you guys/girls remove the thinly traded sessions from your charts? So you only see the regular trading hours? Or do you prefer to keep the whole session up for the DAX, FESX & FTSE100?

 

Cheers,

 

Quinn

[Brookwood 10]

Many will tell you to use tick or volume charts so the trading during the off-hours condenses into something meaningful, but I am a candlestick guy. I don't trade your instruments but my method involves using two charts per instrument. I have the 15m on the left showing the 24 hour session, then a smaller time frame on the right for entries showing the day-only session. The Globex sometimes informs the day-trades I take- this is the best way I've found to have it both ways.

Cheers,

BW

[quinn123 10]

You answered my question, because I was mainly wondering if the thinly traded hours could create support or resistance for the regular trading hours (RTH). And I think the obvious answer is yes, but its not going to be as significant as a major support area on the previous days RTH's, where there would be a lot more buying going on.

 

I use daily, hourly, 15min for background then trade on 5/15min bar chart.

 

Cheers

[Klotzki 10]

Hi Quinn,

 

Can't say exactly for DAX, but the answer seems yes for the most active US commodity and equity futures.

 

Similar to Brookwood, I also pull out 2 sets of charts and look at the tape to see how traders when trading gets to the S/R zones in both charts. I find that for heavily traded contracts like gold and s&p, traders seem to "see" the S/R zones in the off-hours more than the thinly traded contracts.

 

Best to observe DAX first and see if its the same. Hope this helps.

 

Cheers,

Klotzki