Globex vs. Pit Trading Hours at 2006-03-22 12:07:00
Here is a question about how much time to include on a chart.
I normally trade the e-mini SP and Dow during the regular trading hours session. When I look at the signals generated on a 24H chart vs. a RTH chart, I often get conflicting buy and sell signals during the opening sequence. I’d assume 24H is better (data continuity-wise); however, the session’s low volume may produce signals that are not reliable.
Hence, the Question is … What is the best data series (24H or RTH) to use for trading instruments that have a Globex session, when applying the PowerTools Trading System during RTH?
This question bedevils many futures traders. Should they watch a chart with data from Regular Trading Hours (”RTH”) or should they include Globex (virtually 24 hour electronic)?
I think it comes down to volume. The more trades that are conducted, the more confident we can be that there is
Just Posted at 2006-03-22 12:07:00
I just posted two articles to the PowerTools FAQ.
The first article, The Age-Old Question, deals with why people go around offering their services. If they are such good traders, shouldn’t they just live the dream that their potential students think can be achieved by playing the market?
The second article, Ratio Charts Count Too, shows how to use this simple tool to identify persistent trends, and what to consider before executing countertrend trades.
The Podcast Experiment at 2006-03-22 12:07:00
In my first podcast, my friend Pete and I sat down to talk about the market. We wanted to avoid the overproduced feel of a typical financial show and used the “Live with Regis and Kelly” conversation format. For the next one, I will work on balancing the sound quality of the voices.
Podcast for 2006.02.27
The discussion focused on how I use my daily worksheets to track sector rotation in ETFs and indices. We also kicked around recent explanations of why the trade deficit hasn’t killed us yet.
MP3 File: Podcast for 2006.02.27
Worksheets:
References:
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