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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?
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.
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.
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.
Hi,
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.
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 scalpers.......today it was down for a min...and then up for 5 mins...day 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 high...cash 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.....
Anyone trying to trade order book futures or stocks has no idea how things work
In this mkt technologically in my opinion.
The chart sure but reading the order book? That's only for machines colocated in Jersey and cermak.
The last 20 minutes the last hour? 3 am 10 am yes I trade it..or a reaction to it.
The 3.50.00 or ny..what 15.50 bar is the moc orders. That's the point in time they start executing. Usually exits but who knows.
How to trade it? Well there are some tricks on for execution. Get close enough and I'll dm you the execution I use but in sworn secrecy. Doubt anyone can keep edge secret then it doesn't exist anymore
