Another part... at brokers/FCMs that cater to day-traders by offering reduced daytrade margins, positions must flatten, or the normal exchange margin requirement will be applied.
Same thing could be said for dozens of other one minute bars throughout the trading day. So let's see what happened this past Thursday, then Friday and today at 3:50pm - notice also ATR set to 1 at bottom of each:- Yaaawn.
Thanks. I figured it was something scheduled like this, because there is always atleast a quote flurry, but sometimes has or leads to a decent amount of volatility.
Yes. It's not uncommon with a spike around 15:50. FWIW, I'm usually not in the market then, but if I'm in a profitable position I may hold it. Otherwise, it seems a bit chancy.
This is a repeat question / post. As mentioned before, there was no burst at 3.50 EST (see hilited filled rectangle). Notice that at 3.50 EST, the market was relatively calm. I guess you will post a similar question again.
Do you walk with that stick or just sit on it while typing? I have not posted this before (that I know of lol.) And the question has already been answered.
There is always an incredible amount of volatility at around 3:50 PM and I always dismissed it as just part of the power hour. I didn't know there is actually so much that goes on during that period that directly contributes to that volatility. Thanks to all. Learning a lot today.