How to set my chart properly for the RUSSELL (TF) - Emini Index Futures Trading | futures io social day trading
futures io futures trading


How to set my chart properly for the RUSSELL (TF)
Updated: Views / Replies:7,254 / 13
Created: by trendisyourfriend Attachments:2

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 2  
 
Thread Tools Search this Thread
 

How to set my chart properly for the RUSSELL (TF)

  #1 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,695 since Oct 2009
Thanks: 3,041 given, 4,490 received

How to set my chart properly for the RUSSELL (TF)

Can someone help me to figure out the exact trading hours for the overnight and regular session of the RUSSELL. It's not clear or even mentionned on their site or i am blind.

https://www.theice.com/productguide/ProductDetails.shtml?specId=86

In the lower left corner of the product details page they write the TF trades from 8:00PM Est to the next day 6:00PM or from 20:00 to 18:00 except Sunday, it start at 18:00. There is a pre-opening period that starts at 19:30 (7:30PM) no such period on Sunday.

The daily settlement is computed at 16:14-16:15 Est or 4:14-4:15PM

How should i set my chart to represent the overnight session ?

19:30 to 09:30 or 20:00 to 09:30

And regular session ?

09:30 to 16:15

Is that correct ?

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
Italy (IT)
 
Futures Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker/Data: Rithmic
Favorite Futures: CL, Brent, GC, TF
 
LukeGeniol's Avatar
 
Posts: 1,501 since Apr 2010
Thanks: 408 given, 974 received


ETH - 20:00 to 18:00 ET(NY)
RTH - 09:30 to 16:15 ET(NY)

Take your Pips, go out and Live.
Luke.
Reply With Quote
 
  #4 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,695 since Oct 2009
Thanks: 3,041 given, 4,490 received


LukeGeniol View Post
ETH - 20:00 to 18:00 ET(NY)
RTH - 09:30 to 16:15 ET(NY)

Thanks Luke, a bit strange as interval for the ETH. How should we consider a day ? when does a day close if the settlement occurs at 16:15 ?

Reply With Quote
 
  #5 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Optimus Futures
Favorite Futures: 6E
 
TheWizard's Avatar
 
Posts: 1,710 since Jun 2009
Thanks: 509 given, 4,070 received


trendisyourfriend View Post
Thanks Luke, a bit strange as interval for the ETH. How should we consider a day ? when does a day close if the settlement occurs at 16:15 ?

Using NinjaTrader 7, I keep my TF (Russell 2000 e-mini) chart set to 24/7.
The trading activity seems to start around 2am CST. & moves rather slowly until around 7am CST
(3am - 8am New York time)
Regular market hours appear to be 8:30 - 3:15 CST (9:30 - 4:15 New York time).
Trading pretty much comes to a dead halt at 3:15 CST.

If it helps...

After all, it's what you learn AFTER you know it all, that counts!
Reply With Quote
The following user says Thank You to TheWizard for this post:
 
  #6 (permalink)
Elite Member
Italy (IT)
 
Futures Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker/Data: Rithmic
Favorite Futures: CL, Brent, GC, TF
 
LukeGeniol's Avatar
 
Posts: 1,501 since Apr 2010
Thanks: 408 given, 974 received


trendisyourfriend View Post
Thanks Luke, a bit strange as interval for the ETH. How should we consider a day ? when does a day close if the settlement occurs at 16:15 ?

Ja it's strange, like @TheWizard said, I have based the RTH time to the activity looking at volume and cos the others index futures start at the same time.

Take your Pips, go out and Live.
Luke.
Reply With Quote
 
  #7 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,637 since Mar 2010
Thanks: 4,225 given, 25,547 received
Forum Reputation: Legendary


TheWizard View Post
Using NinjaTrader 7, I keep my TF (Russell 2000 e-mini) chart set to 24/7.
The trading activity seems to start around 2am CST. & moves rather slowly until around 7am CST
(3am - 8am New York time)
Regular market hours appear to be 8:30 - 3:15 CST (9:30 - 4:15 New York time).
Trading pretty much comes to a dead halt at 3:15 CST.

If it helps...

TF trades at ICE/Nybot from 8:00 PM to 6:00 PM EST. So you basically have three subsessions for the day:

Night session : 8:00 PM to 9:30 AM EST (early start of Sunday night session at 6:00 PM)
Regular session : 9:30 AM to 4:15 PM EST.
After-session: 4:15 PM EST to 6:00 PM EST.

I use the session template attached.

Further I take the settlement data from daily data (Kinetick-EOD), which I call on intraday charts.

Attached Thumbnails
How to set my chart properly for the RUSSELL (TF)-session-template-tf.jpg  

Last edited by Fat Tails; September 23rd, 2010 at 04:12 PM. Reason: modified session template
Reply With Quote
The following 4 users say Thank You to Fat Tails for this post:
 
  #8 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,695 since Oct 2009
Thanks: 3,041 given, 4,490 received

Is the after-session: 4:15 PM EST to 6:00 PM EST reflected on the daily bars or is it discarded ? At what time does the last price print on a daily bar? 4:15PM or 6:00PM ?

If it is 4:15PM then i suppose the after session is completly obliterated ?

Reply With Quote
 
  #9 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,637 since Mar 2010
Thanks: 4,225 given, 25,547 received
Forum Reputation: Legendary


trendisyourfriend View Post
Is the after-session: 4:15 PM EST to 6:00 PM EST reflected on the daily bars or is it discarded ? At what time does the last price print on a daily bar? 4:15PM or 6:00PM ?

If it is 4:15PM then i suppose the after session is completly obliterated ?

The daily bar as per exchange or Kinetick (EOD) is built from

open : session open at 8:00 PM prior day
high : high of the entire session from 8:00 PM to 6:00 PM (Monday session 2 hours longer)
low : low of the entire session from 8:00 PM to 6:00 PM (Monday session 2 hours longer)
settlement: VWAP from 4:14 PM - 4:15 PM

So the after-session matters, as a new high or low can be established.

Reply With Quote
The following user says Thank You to Fat Tails for this post:
 
  #10 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,695 since Oct 2009
Thanks: 3,041 given, 4,490 received


It's somewhat counter-intuitive to think the daily bar can close before the day is completed. Wait until i try to explain that to my wife

Is it Bill Gate who decided that as after all, he's the guy who decided the 'start' button would be use to close the computer.

Reply With Quote
The following user says Thank You to trendisyourfriend for this post:

Reply



futures io > > > > How to set my chart properly for the RUSSELL (TF)

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

Dec 7

Linda Bradford Raschke: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Tick Data (TF, Russell 2000) momop540 The Elite Circle 29 May 13th, 2014 06:46 PM
How to properly optimize an strategy? pakricard NinjaTrader Programming 3 April 3rd, 2011 06:41 PM
150t, 9range, and 60 minue chart on the TF skyfly Elite Trading Journals 6 February 19th, 2011 12:41 AM
How can I get this counter to work properly - TD Sequential kaywai NinjaTrader Programming 56 December 8th, 2010 03:53 PM
How to set renko chart properly in NT7 roadshow NinjaTrader 1 August 31st, 2010 07:26 AM


All times are GMT -4. The time now is 04:27 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-11-18 in 0.12 seconds with 20 queries on phoenix via your IP 54.196.47.128