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Does anyone trade the close?

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Does anyone trade the close?

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  #1 (permalink)
Toronto, Canada
Posts: 118 since May 2018
Thanks: 81 given, 78 received

Hey everyone,

As the title says, is anyone trading the close everyday or regularly?

The reason I ask is because if for example, some days are painfully slow (for ES futures primarily), the close is as volatile as the open. But then again the close has better, nicer moves compared to the open volatility.

Some brokers (not sure about everyone) let us put in our last trade before 16:15 EST (I mean I will be out absolutely before a few minutes of that for sure), which means technically I can still trade for 15 minutes after 16:00 EST close. But the question is, does anyone have any tips / remarks, especially if using the order flow during this time?

Thank you.

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  #2 (permalink)
Virginia Beach, Virginia
Posts: 5 since Dec 2020
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You can catch some nice moves at the close but it’s a gamble at best. Personally I avoid anything after 3:50 (watch the book at 3:50:00 and you’ll see why) unless I’ve got a runner with cushion from earlier in the day.

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  #3 (permalink)
Toronto, Canada
Posts: 118 since May 2018
Thanks: 81 given, 78 received

Thanks. Sorry I should have mentioned this as well: From 15:59:55 to 15 minutes onwards, there is obviously a heightened activity - that's what I am looking forward to cash in.

Maybe anyone trades this, maybe not. Nothing wrong in asking. In fact, someone else might open up another 'dimension' to this discussion - you never know.

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  #4 (permalink)
Virginia Beach, Virginia
Posts: 5 since Dec 2020
Thanks: 4 given, 12 received

Gotcha. From my experience there are much better fishing opportunities during the day than the period you are looking at as the order book typically explodes into something indecipherable from 15:50-16:15. I've not heard of anyone trading this period but if they are out there I would also be interested to hear their methods.

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  #5 (permalink)
Rovigo (ITALY)
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Posts: 366 since Feb 2018
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I used to trade the close quite often, now I am doing it less and less. There are plenty of opportunities but you must know what you are looking for. You need to have exact setups to trade.
In particular you need to define what situations are viable for trade considering also the liquidity and above all manage your expectations accordingly.

Lately I decided to avoid situations with less liquidity, I don't like "fast market" I need to make sure the market is crowded, when it's crowded emotions are more evident and the market is efficient.

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  #6 (permalink)
Syracuse, NY
Experience: Intermediate
Platform: Ninja Trader
Broker: Mirus Futures/Zen-Fire
Trading: NQ
Posts: 117 since Jan 2011
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Yes, quite often (everyday)at 15:50 or 3:50 PM(used to be at 3:55)...the NQ/MNQ has a great move...for it was down for a min...and then up for 5 before it was up...then down...and day before that it went down from 98 to 64 and then back up to 98 in 7 mins....heard this was Cash Settlement or closing the book .....I have noticed that if the market (NQ) is riding settlement causes the movement down and vise versa...but It would be interesting if someone could determine what the cash market was doing and form an opinion as to direction before it happened....not sure where you would look for that...I just wait for the move and then hang on.....

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  #7 (permalink)
Minoqua Wi USA
Posts: 69 since Sep 2019
Thanks: 38 given, 36 received

I'm usually out by the "Cash" close unless I have a position already that may still want to run, than I'll give it a few more minutes...

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