Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I'm interested to know how people set up their platforms for charting ZB sessions. My platform (SierraChart) allows me to have two sessions per chart - RTH and the evening.
For calculation of pivot points, etc., are people generally using the full 24 hour trading period on ZB or calculating from the RTH?
I currently track the RTH, the Bund-specific hours and their effect until RTH (so 0100-0720 CT) and overnight (close of RTH 1400-0100 Bund open).
I'm interested to understand the approach of others and the session hours used for daily indicator calculation.
Cheers
BD.
Can you help answer these questions from other members on NexusFi?
...what's also confusing me is the pit close at 1400CT for settlement vs CME's statement of Globex hours as 1700-1600. A 'sessions for (ZB) dummies' would be appreciated
'Pitclose' you'll see a volume spike for those trying to get a certain mark for settlement or use the last burst of volume to get out of the market for the day. However 'pit close' time is before equities close, so you'll still see decent volume trading into the close of the equity.
Here is a chart that shows the 20 day average volume per 60 minute bar for ZN.
The light grey band shows the trading hours from 7.20 a.m. to 2.00 p.m.
As is clearly visible, volume picks up around 7.20, dies down after 2.00 and slowly comes back when Eurex opens at 1 a.m.
The picture looks the same for ZB.
So in short, if I used pivot points, I would use 7.20 to 2.00.
The big fish definitely make their moves early in the trading session. However, there's still decent liquidity available 24/7. So I personally haven't found a need to exclude movement during low activity times like I might on other instruments like ES. I chart the whole session. However, the indicators I use are mostly based on volume like VWAP so charting the whole session doesn't really change my levels anyways.
