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What are the official Globex RTH and ETH times now with the 15 min gone


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What are the official Globex RTH and ETH times now with the 15 min gone

  #11 (permalink)
Bldgr
Oslo, Norway
 
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To calculate the overnight high/low, what time should I use as beginning of overnight session? 3 PM CT or 3:15 CT?

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  #12 (permalink)
 tr8er 
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Bldgr View Post
To calculate the overnight high/low, what time should I use as beginning of overnight session? 3 PM CT or 3:15 CT?

of course 5 pm CT (when the new trading-day opens)

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  #13 (permalink)
Bldgr
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tr8er View Post
of course 5 pm CT (when the new trading-day opens)

Is this what the majority of ES traders use?

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  #14 (permalink)
 tr8er 
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Bldgr View Post
Is this what the majority of ES traders use?

Yes of course, the trading-day is from 5 pm CT to 4 pm CT, so I don't know why to use another starting-time

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  #15 (permalink)
Bldgr
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tr8er View Post
Yes of course, the trading-day is from 5 pm CT to 4 pm CT, so I don't know why to use another starting-time

My reasoning for it was that if the RTH session is from 08:30 to 3 PM CT (or 3:15) then everything outside of those hours are ETH and therefore the high and low of that ETH-period would be used as the overnight high and low.

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  #16 (permalink)
lightsun47
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tr8er View Post
Yes of course, the trading-day is from 5 pm CT to 4 pm CT, so I don't know why to use another starting-time

I had this confusion as well, so I called my broker again recently (if you check above, I have made a reply). He confirmed that I should have all my trades closed before FIVE PM NEW YORK TIME (NOT FOUR PM) if I am only day trading and not holding anything overnight. I asked again to confirm and he did. This means, I can still day trade after the official close at FOUR PM NEW YORK TIME.

Not sure if this varies from broker to broker.

Sorry it's a bit off topic from the thread, but still relevant?

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  #17 (permalink)
 
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 bobwest 
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lightsun47 View Post
I had this confusion as well, so I called my broker again recently (if you check above, I have made a reply). He confirmed that I should have all my trades closed before FIVE PM NEW YORK TIME (NOT FOUR PM) if I am only day trading and not holding anything overnight. I asked again to confirm and he did. This means, I can still day trade after the official close at FOUR PM NEW YORK TIME.

Not sure if this varies from broker to broker.

Sorry it's a bit off topic from the thread, but still relevant?

Just to be clear what it is a "day trade," the CME day ends at 17:00, or 5:00 PM, US ET, NY Time (16:00, 4:00 PM, Chicago time). Then there is a one-hour break in trading, and the CME new day begins at 18:00 ET (17:00 CT.) These are the only official times there are. If you are still holding a position at the end of the CME day, you will have to have the official CME margin in your account because this is now an overnight trade. Up until that point, your margin would have been whatever your broker requires for day trades, which can be (and often is) less than the CME required margin.

This does not depend on the broker, it's the exchange times and rules that matter here. Also, there's no direct connection with the NYSE hours, which do close at 16:00 ET, but that's a different exchange. Obviously, volume dies for stock equity futures when the stock market closes, but that's a different thing too.

(Just to ensure that things stay weird, I notice that some funding companies -- the one I'm thinking of is Topstep -- require trades to be closed at the old pit hours close of 3:15 PM CT. The reasoning is probably (a) tradition, which dies hard, and (b) why trade in that low-volume period anyway, which does make some sense. But the hours are the hours. At the CME, you're a day trader up until the exchange close at 16:00 CT.)

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
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  #18 (permalink)
 Volt 
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perhaps this isn't the best place for this but for those who trade Volume profile I have an inquiry that involves closing times :

how do most Volume profile traders deal with that annoying closing volume at 4pm EST ? here is what happened today and actually happens quite often....we had vpoc down at 3715 but in last minute of RTH ( assuming you use a 4 pm EST close) that volume lunges VPOC up by over 12 points ,,,here is a screenshot....I know some end the session at 3:59 to avoid this but looking for input



also do some of you run your daily volume profiles to the last trade at 5 pm EST ? If you did that today the market would have jumped 25 points from the time the cash market closed at 4pm and the time the ES closed at 5 pm EST ...shaded area is what happened in that last hour

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