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Posted - 02/16/2010 : 15:17:46 
Originally posted by SNP

WHAT IS RTH? CAN SOME ONE EXPLAIN PLEASE, APPRECIATED.


regular trading hours (the day session from 8:30 to 15:15 CT for ES)

staylor455
110
staylor455


49 Posts

0
Posted - 02/16/2010 : 17:38:16 
RTH = regular trading hours 9:30 - 4:00 est
ST

staylor455
110
staylor455


49 Posts

1
Posted - 02/16/2010 : 22:46:55 
Today was a good example of why I look at a tick chart before taking the 5 IB trade, the first 2 candles on the 5 minuite had the same low 1081.75 thus a double bottom, that low was violated, without looking at over night trading it looked like a good setup, but if you look at prior highs & lows on the tick chart you would have known the trade was only good for a scalp, especially given how positive market internals were at the open.

Click image for original size
ST

staylor455
110
staylor455


49 Posts

1
Posted - 03/05/2010 : 22:09:57 
I have been putting a fib on the globex hi & low, before the open. The 50% retracment in overnight & pre-market trading has been support or resistance when trading the RTH open lately, I don't have any back test data or records to say, this will be supp or resis X percent of the time, but I'm finding it to be a useful tool when trading the 5 or 15 IB.
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