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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: OX who wrote (42095)	12/11/2000 8:12:42 PM
From: Patrick Slevin	Read Replies (1) of 44573

<wonder why Patrick says he does not?? > Along the lines of what Louis said, it's rather thin and the averages and other indicators get rather skewed. I do keep one two-minute chart up than has all-sessions but after 30 minutes to an hour it's pretty useless. If I used all-sessions on longer time periods it would be late in the morning by the time everything straightened out. Meanwhile the volume is kicking in hard after 9:30 EST and that's what I key off, to some extent. So having indicators influenced by the night session is not what I want. Usually, news after the 4:15 Close, overnight action in foreign markets around midnight or about 4 AM or news at 8:30 move those charts. So say if you have a 30 minute chart the stochastics or moving averages or MACD...whatever you use...have been tainted with light volume. I look at Globex Charts, but once 9:30 comes I go over to the Day Session.

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