Crude & Gold

Discussion in 'Commodity Futures' started by gkadir, Jul 9, 2019.

  1. RedDuke

    RedDuke

    Just as an example, last few weeks good ran up and down heavily during extended hours so so speak. Your strategy needs to be automated to take advantage in today's markets.
     
    #11     Jul 9, 2019
  2. MattZ

    MattZ Sponsor

    There were some interesting characters, that's for sure! I started my career just before the CME Globex launched the eminis. So I saw is how the pits disappear and the "silence of the servers" taking over.
     
    #12     Jul 9, 2019
  3. themickey

    themickey

    #13     Jul 9, 2019
  4. bone

    bone ET Sponsor

    #14     Jul 9, 2019
  5. RedDuke,

    Does this mean pit hours pivots is not really useful?

    I struggle between using 24 hours pivots versus pit hours pivots (8am to 1:30pm).
     
    #15     Jul 9, 2019
  6. bone

    bone ET Sponsor

    I don't necessarily agree that you require automation per se - but in order to get filled in a moving market you should step out and hit a bid or lift an offer.

    But I agree that automation makes trade entry and position management cleaner in many cases.
     
    #16     Jul 9, 2019
  7. bone

    bone ET Sponsor

    Other than certain options markets there is no longer a "Pit". It's history. But to your point, if you want to model a given time frame every trading day that's fine. I personally use 24 hour data myself for my own modeling.
     
    #17     Jul 9, 2019
  8. RedDuke

    RedDuke

    Hard to tell as I do not use pivots. I use continuous 24/5 session
     
    #18     Jul 9, 2019
  9. bone

    bone ET Sponsor

    You bring up a very good point - every technical analysis indicator that I can think of existed prior to the advent of 24 hour electronic markets. Finite trading sessions and concepts like opening gaps are hardly relevant.
     
    #19     Jul 9, 2019
  10. While there is no longer an opening to monitor for volatility there are certainly still news related moves (Fed and Eco reports) to be aware of.
     
    #20     Jul 13, 2019
    bone likes this.