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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: OX who wrote (42095)	12/11/2000 11:37:05 AM
From: Atin	Read Replies (1) \| Respond to of 44573

I have no idea yet . . . there are all sorts of ways of smoothing at the expense of accuracy . . . I might ignore the whole thing and not trade with them until they get by the spikes :) -A

To: OX who wrote (42095)	12/11/2000 11:54:22 AM
From: Louis V. Lambrecht	Read Replies (2) \| Respond to of 44573

OX - all seesions vs. RTH Nite trading occurs one very small volume, as opposed to RTH. Very illiquid and only indicative, IMHO, not a "real" market. Same can be said about Market-XT, Instinet or Archipelago tradings on equities. I would even strip the 15min. futures trading after normal market close. My current stance is to study the indexes and add fair value to them in order to evaluate the price of the futures. Not the oposite. I can be wrong, but I believe that the index sets the price of the it's future. Waddaya think?

To: OX who wrote (42095)	12/11/2000 8:12:42 PM
From: Patrick Slevin	Read Replies (1) \| Respond to 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.