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If you use 15min/30min bars, do you use overnight bars?


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If you use 15min/30min bars, do you use overnight bars?

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Mattio
Boston, MA
 
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For those that are swing trading ES/NQ and using 15 min or 30 min bars, I realize you might not be trading overnight, but do you have the overnight bars on your chart for analysis? For example, if you were using a 50 period moving average, would the average include the overnight bars or just the bars during the normal stock market hours?

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 bobwest 
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Mattio View Post
For those that are swing trading ES/NQ and using 15 min or 30 min bars, I realize you might not be trading overnight, but do you have the overnight bars on your chart for analysis? For example, if you were using a 50 period moving average, would the average include the overnight bars or just the bars during the normal stock market hours?

This is not just a question for swing traders. A lot of day traders, including some who only trade the "regular" hours, will use charts that include the "overnight" sessions, because overnight trading, which includes the very important European market hours, often makes a big difference to the US session beginning at the US open.

Trends may begin or continue, for example, or support/resistance levels may be set that still show up in the "regular" trading hours (RTH). There is a lot of trading that goes on during that time, and some of the trading that is initiated during the "pre"-market will be closed out during the regular market, so will have an impact then also.

But on the other hand (there's always an "other hand" ), many traders who only trade the RTH also only use charts for those hours, thinking that's where the trading they are most concerned with takes place. I know many traders who post on this forum who use each of these. Some are successful with one, some with the other.

I suggest running both kinds of charts and seeing which make the most sense to you and which helps you the most. You won't know what's right for you without trying it out.

As for me, I focus on the high-volume period of RTH to trade in, but use charts that have the entire 23-hour day, because that makes the most sense to me and I can use the info sometimes from the earlier trading. Your mileage may vary.

In the longer perspective of swing trading, it may not matter as much. But larger moves are made up of smaller ones, so it's still something to try out, to see on your own, for yourself.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
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