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So if I understand you correctly, the ES does not open at 9:30 am EST, the CL and other energies do not open at 9:00 am EST and all the others I have listed do not open and close when I thought they do? Correct?
If so, if you ever attended or viewed a Jim Dalton Market Profile webinar, he always talks of the ES market open and trades it live at 9:30 am EST, as a significant market event. And he often does the same (trades the market open live) for the CL and for the Currencies.
So I guess the times I am looking for are the old market open and close times, back in the days before 23 hour a day trading, because some of the professionals, or floor traders appear to still trade much of their volume during those times.
Anyone able to correct the times in my list above (to update the times that are incorrect), in regards to the old market open and close times, back in the days before 23 hour a day trading?
Can you help answer these questions from other members on NexusFi?
In terms of futures the old RTH times are mere reminiscences of the old pit times. Today they are relevant esp
because of the additional volume that is caused by cash vs. futures arbitrage during e.g. NYSE trading hours
(see https://www.nyse.com/markets/hours-calendars).
I'm trying to use the unofficial old market open times to set the Market Profile 'A Period' for the different markets that I trade. It's impossible to do so while trying to navigate such a project from a 23 hour market cycle.
Hi, the times you have posted in the first post are correct for the day-session, only for Softs I don't know the exact time, but it seems it is ok. For Currency-futures I also don't know, because I use for i.e. 6E, the setting for the European-session.
You are absolute right, if you use the day-session for your Market-Profile, because this is the session, institutions are active.
I don't use Ninja-Trader, but NT has charts for the day-session.
That's ok as long as you keep in mind that most profile methods date back to the mid-1970s and many markets
have changed faster than the related "teachers".
One of the most important implications is that since then the distribution of returns (and/or volatility) for many
markets has heavily shifted from RTH to ETH - with the financial crisis being the only exception of the last decade.
Esp for longs RTH-only based strategies have been very damaging since many periods only showed (large) positive overnight returns while the RTH returns were basically flat or even negative.
