I use the 4:00 close for my gap calculations and that one got filled
ES Journal Archive (2011)
- Thread starter Buy1Sell2
- Start date
- Status
I use the 4:00 close for my gap calculations and that one got filled
Please tell me how you get that? I normally get my gap levels from the 5-minute chart using the 4:00 close. NQ gap fill would then be completed @ 2241,75. Using the 1-minute chart, I get 2238,50.
Thanks.
I stand corrected, I was looking at the next 1 mn bar. However, the 4:00 1 mn closing bar is 2236, not 2238. If you are using TOS, it shows the open bar. One reason I do not use that platform.
I have always worked with the pit session close (4:15), but in this case the cash close does line up with the 200 ema, so you could vey well be right. We will see, but I would not be surprised to see a drop to 2227 and ES 1204.75 (its pit session close) before the day is over if AAPL stays this weak. The bullish story is that internals are still very positive, so I am not short here, except for scalps. Maybe we get a retest of 2237, then I will look at divergences. I'm a buyer back above 2259.50.
On TOS, if you put your cursor over the bar, the time it gives on the lower panel is the closing time for the previous bar. I find that confusing when I need to take a quick look. Example, I put my mouse on the 4:00 pm 1 mn bar for TOS, I get a close of 2234. The actual close at 4:00pm is 2236 (on my NT platform), which in reality is the closing quote on the 3:59 bar (furthermore TOS says 2235.50, which is also incorrect, so another reason to avoid).
- Status