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I was wondering if there are certain times of days as traders we should be aware of. 930am EST market open and 3-4pm EST are my favorites, but I also look out for 10am for a reversal and the London exchange close 1130am. What other times should we be looking out for futures trading? Since futures doesn’t follow the normal market hours and can be traded almost 24hrs, are there any times within the market close I should know about?
Can you help answer these questions from other members on NexusFi?
If you haven't yet tried the Forex Factory calendar, their filtering allows you select all the "High Impact" events for any given currency for most markets (equity, energy, etc.)...
Oil goes nuts at 10:30 most Wednesdays and I'd also stay clear of anything ("High Impact" or otherwise) related to FOMC or ECB
Anticipating the close of stock trading on the New York Stock Exchange at 4:00 PM EST. Index futures will continue to trade afterward, but the NYSE close is a significant time for ES and MES.
You can't rely on something happening at exactly one time every day, but there may be unusual activity as the session approaches the close, especially in the last several minutes.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
Speaking of which, I closely monitor the close: Check the last minute. If the volume delta during the last 20 seconds goes beyond 10,000 orders, you can for sure anticipate one direction move for several points in the ES. Very good for scalping.
This is the moc orders starting and hitting the tape happens everydaym can you trade this sure. You must enter with a deep out limit to buy or sell or use a stop order to enter
And a limit order to exit. It's pretty much a crap shoot and because the volatility is so quick and fast typically the algos have a feeding frenzy in between the time it takes a human to click the mouse.
