I don't know, if you might be interested, I found on 4share.com 2 articles by Robert Krausz,
in which he describes one strategy for bonds based on Gann rules, I'm looking on that now, it might be a bit interesting.
Don't posting direct link here as Mike requested not to post links to "commercial" info, which is correct to save forum from claims. But if you want pm me, I'll send it to you.
Agree and as you know I'm not a big fun of all fibo/gann, etc, stuff as well, but finally all depends on sources we are choosing to get info, after that article I looked a bit differently on that and I still remember that L.Borsalino was eager to buy and actually bought original manuscripts written by Gann.
For financial futures the opening range usually refers to the opening hours of the underlying market.
For European Index Futures (FESX, FDAX), you would use an opening range dependent on your time frame such as
- 9:00 to 9:05
- 9:00 to 9:15
- 9:00 to 9:30
- 9:00 to 10:00
Now if we look at the interest rate futures (FGBL, FGBM), the opening range should be determined by market hours of the bond market. There are three platforms for German bonds, Eurex bonds, ICAP/Brokertec, MTS (source attached). For Eurex bonds the opening hours are 8:30 to 17:30.
I have also made some volume analysis for FGBL. There is no clear picture. I looked at the volumes of the first 15 min bars. In July on 14 trading days the 9:00- 9:15 AM made a higher volume than the previous bars, on 7 trading days the high volume bar occured prior to 9:00 AM. For June the relation was 13:8. So I have the expression that the market just starts in an orderly fashion without any big bang like the stock market.
If, at all, I would suggest an opening range from 8:00 to 9:00 AM.
Just coding an indicator. Want to set default times for the opening range of different instruments, and for FGBL it is quite difficult to understand.
Any help is appreciated.
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