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Opening Range Play in FGBL
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Opening Range Play in FGBL

  #11 (permalink)
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Traderhb,

Thank you !
So, seems, no futures traded in EU in pits ?

Krgds,
Andrew


traderhb View Post
The reason that the main activity starts at 9:00 CET is because all the European stock marktets (and the related indices DAX, EUROSTOXX50, CAC40, FTSE100 AEX25) start trading at that time. But all the futures of these underlying indices start trading one hour earlier at 8:00 CET.


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  #12 (permalink)
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Cunparis,

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.

Krgds,
Andrew


cunparis View Post
I believe the german stock market opens at 9am and that's why those get active then. But for the interest derrivatives, I don't think they're linked to any specific cash market. Like bonds & the notes in the US, they open at 8:20.


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  #13 (permalink)
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Andrew View Post
Cunparis,
in which he describes one strategy for bonds based on Gann rules, I'm looking on that now, it might be a bit interesting.

Thank you for thinking of me but I don't believe in Gann stuff. Too far out for me. I like to keep things really simple.

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  #14 (permalink)
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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.

Krgds,
Andrew


cunparis View Post
Thank you for thinking of me but I don't believe in Gann stuff. Too far out for me. I like to keep things really simple.


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  #15 (permalink)
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Opening Range for FGBL

I only discovered this thread today.

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.

Attached Thumbnails
Opening Range Play in FGBL-calendar_20030815_1_en.pdf   Opening Range Play in FGBL-20090608-sifma_epda_barriers2-10_en.pdf  
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