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Lock-Limit Down/Up Days on Charts
- Thread starter bluehello
- Start date
Quote from bluehello:
Hi guys,
How do you spot lock-limit days on a daily futures chart?
Also, I know it depends on the specific commodity, but on average, how common are lock-limit days?
Limit down days in equity indexes are quite uncommon. In fact I don't think there has been one in the in the es in over 5 years. Imo we will get one soon though. The rumors of intermeeting fed cuts and faber reports one day won't bail the bulls out.
I haven't seen a limit down or up in the futures since the wild and fun days of 2000. I am pretty sure that they changed the limits that the markets lock at sometime after that.
Believe it used to be 2.5% on the index futures, now it is 5%. Obviously that would make it pretty rare. But always fun to watch if you are not losing. Even more fun being on the right side.
Believe it used to be 2.5% on the index futures, now it is 5%. Obviously that would make it pretty rare. But always fun to watch if you are not losing. Even more fun being on the right side.
bluehello: "How do you spot lock-limit days on a daily futures chart ?"
look for a horizontal line representing the OHLC limit price above
or below the previous price, and/or series of such lines, between
which there'll be a gap/s
"Also, I know it depends on the specific commodity,
but on average, how common are lock-limit days ?"
several commodities no longer have limits -- currencies, metals
http://www.usafutures.com/commodityprices.htm
limits would usually occur at or after extreme price moves, top or
bottom of a market as well as within accelerating markets but in
general limit days are infrequent
look for a horizontal line representing the OHLC limit price above
or below the previous price, and/or series of such lines, between
which there'll be a gap/s
"Also, I know it depends on the specific commodity,
but on average, how common are lock-limit days ?"
several commodities no longer have limits -- currencies, metals
http://www.usafutures.com/commodityprices.htm
limits would usually occur at or after extreme price moves, top or
bottom of a market as well as within accelerating markets but in
general limit days are infrequent
Quote from jd7419:
Limit down days in equity indexes are quite uncommon. In fact I don't think there has been one in the in the es in over 5 years. Imo we will get one soon though. The rumors of intermeeting fed cuts and faber reports one day won't bail the bulls out.
ES and other index futures were limit down the overnight limit early morning January 22, 2008.