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Vortex
 

Registered: Jan 2012
Posts: 34

 

04-30-12 06:37 PM

Hi!

I am currently doing testing of our system for gold futures (GC). I have noticed something strange and want to check if what I am seeing is correct:

The data I am using is the combined session which I assume is open outcry and electronic trading on CME. The trading times listed clearly shows that gold is practically trading almost 24 hours, with a mere 45 minutes break. Why on earth are there at times significant gaps during that period? I understand gaps over weekends, but what could possibly happen in the world that would result in such agressive gaps for only 45 minutes?

I do see and acknowledge that it has been happening less in the last 3 or 4 years, but this was very much the case in 2005 and 2006. Any reason for this?

Thanks for your thoughts!

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murray t turtle
 

Registered: Dec 2001
Posts: 6268

 

04-30-12 10:44 PM


Quote from Vortex:

Hi!

I am currently doing testing of our system for gold futures (GC). I have noticed something strange and want to check if what I am seeing is correct:

The data I am using is the combined session which I assume is open outcry and electronic trading on CME. The trading times listed clearly shows that gold is practically trading almost 24 hours, with a mere 45 minutes break. Why on earth are there at times significant gaps during that period? I understand gaps over weekends, but what could possibly happen in the world that would result in such agressive gaps for only 45 minutes?

I do see and acknowledge that it has been happening less in the last 3 or 4 years, but this was very much the case in 2005 and 2006. Any reason for this?

Thanks for your thoughts!


============
V tex;
Lower volume makes TA less helpful/relaible[its called noise];
as the saying goes in premarket/irregular hours ''which way do you want it to go''LOL Perhaps a graph /chart would help

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