Just curios to see what time templates ES traders prefer to use: Pit Hours, 8:30 to 3:15 CST or Globex, 24 hours? I watch a couple of basic moving averages like 200 and 14 on the 5 minute candle chart. Results change from using Pit Hours and Globex. Any idea? Any preference?
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ES Charts: Pit Hours or Globex?
- Thread starter daydreaming
- Start date
I agree with keeping an eye on what is going on during the night to get ready for morning action. However, during Pit Hours, do you watch technical indicators based upon Pit Hours or Globex? It makes a huge difference for example when looking at the 200 moving average on the 5 minute chart.
I suggest that you have both up, you can layer the charts. When their is a gap then the Globex chart should be more in
sync.
But regardless of that I look at both charts and get a feel for which charts fits the definition of my edge better.
You could do this by waiting for a setup of your edge and seeing which chart "talks to you".
They both have there place, at least in my trading style.
regards,
Bruce Hawkins
sync.
But regardless of that I look at both charts and get a feel for which charts fits the definition of my edge better.
You could do this by waiting for a setup of your edge and seeing which chart "talks to you".
They both have there place, at least in my trading style.
regards,
Bruce Hawkins
I trade the ES and therefore use Globex on my screen so that my technical indicators are native to that market during RTH.Quote from daydreaming:
I agree with keeping an eye on what is going on during the night to get ready for morning action. However, during Pit Hours, do you watch technical indicators based upon Pit Hours or Globex? It makes a huge difference for example when looking at the 200 moving average on the 5 minute chart.
Kermit