Support Board
Date/Time: Fri, 29 Nov 2024 19:34:51 +0000
[User Discussion] - Session times
View Count: 1037
| [2023-01-27 10:11:00] |
| User374635 - Posts: 5 |
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Hi these are stupid questions I know but i'd appreciate if you could clarify them for me. I trade Dax futures from the UK and have set up the TPO chart to split the profile into day and evening sessions based on 08:00-16:29 and 16:30-07:59 respectively. First of all would this be the correct timing split to use as I am unsure if evening sessions typically include the pre-market hour of the following day? And secondly I'd like to set up a daily chart with a drawable Vbp study so would this require an intraday chart set to 1-0-0 with a session start and end time of 08:00-07:59 with use evening session set to no? Thanks in advance |
| [2023-01-27 18:47:25] |
| John - SC Support - Posts: 36350 |
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I trade Dax futures from the UK and have set up the TPO chart to split the profile into day and evening sessions based on 08:00-16:29 and 16:30-07:59 respectively. First of all would this be the correct timing split to use as I am unsure if evening sessions typically include the pre-market hour of the following day?
We do not know the time zone you are specifying, so we can not say exactly what your hours are covering. But the information you need can be found on the Eurex website at the following link: https://www.eurex.com/ex-en/trade/trading-hours/trading-phases/Trading-phases-20288?frag=240730 Although the answer is that the Pre-Trading hour that starts at 07:30 CET is considered part of the Day trading. And secondly I'd like to set up a daily chart with a drawable Vbp study so would this require an intraday chart set to 1-0-0 with a session start and end time of 08:00-07:59 with use evening session set to no?
The session times are of your choosing, depending on what exactly you want to see (if you want to see the Trading Day, then 07:30 - 07:29:59 CET would be the correct settings. But the important thing is that you set the option for Chart >> Chart Settings >> Data Limiting >> Chart Data Type to be Intraday Only Chart. This forces the chart to always be intraday data (instead of historical daily data) even if you change the period to daily or higher. Refer to the following: Chart Settings: Chart Data Type (Chart >> Chart Settings >> Data Limiting >> Date Range and Limiting Method menu) For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2023-01-27 19:27:32] |
| User877753 - Posts: 152 |
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Hi, About your first question : I trade Dax futures from the UK and have set up the TPO chart to split the profile into day and evening sessions based on 08:00-16:29 and 16:30-07:59 respectively. First of all would this be the correct timing split to use as I am unsure if evening sessions typically include the pre-market hour of the following day?
Correct : your day session will be the cash market session, so 08:00 to 16:29 London time. You overnight session will begin at 16:30 London time, will end at 7:59. For many years, the open was one hour before cash open, so 07:00 AM London time, same time as Bund, Eurostoxx indices, and so on. Then, a couple of years ago, Eurex opened the Dax and company for Singapore trading time, so from 1.10 am London time... Now you have this akward night session when not much happens... See : https://www.eurex.com/ex-en/markets/idx/dax/DAX-Futures-139902 You can create some sub sessions in TPO profile to put the 2:10 to 06:59 apart, and another one for 7:00 to 7:59, which really the perdio whan tension builds before the cash opens. Hope this helps. |
| [2023-01-27 20:36:18] |
| User374635 - Posts: 5 |
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Hey thanks a lot for the help! Correct : your day session will be the cash market session, so 08:00 to 16:29 London time. You overnight session will begin at 16:30 London time, will end at 7:59. If ive understood correctly, setting the split to 08:00-16:29 and 16:30-07:59 London time would mean the daily candle should be 08:00-07:59? Or would you just use the cash market session for the daily timeframe |
| [2023-01-28 08:39:48] |
| User877753 - Posts: 152 |
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Both are interesting. The RTH session 1-day candle (intraday chart, set to 1 day) is probably more meaningful, as it reflects the cash market action.
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