[close]

I daytrade eminis on CME on short time periods like 10 min or 5min. When viewing interday charts is it best to use pit hours or 24 hour data. The charts with indicators can look quite different depending which approach is employed.

[David Waring]

Hi Close,

Welcome to the community.

As the S&P's trade actively outside of pit hours I think most would agree that the 24 hour charts are a more accurate representation of the true market. I don't trade the S&P's on the short term personally however so if there is anyone else who does and can provide some input here I am sure it would be appreciated.

Best Regards,
Dave

[close]

Thanks for your reply, Dave.
I was wondering whether the low volumes during the 24 hour period outside the pit hours might skew the chart validility.

[David Waring]

Originally Posted by close

Thanks for your reply, Dave.
I was wondering whether the low volumes during the 24 hour period outside the pit hours might skew the chart validility.

Hi Close,

My pleasure. Its a valid concern but from what I know about the S & P's there is a fair amount of trading outside of pit hours so I would think that if you excluded this data you would be kind of driving with one eye closed if you know what I mean.

With this being said you may want to try it both ways and see what works best with whatever strategy it is that you are employing on the contract. You may also want to contact the guy who runs this site which focuses on trading the S&P's. Like me he puts out a lot of free videos which you can find on InformedTrades here and seems like the type of guy that would be more than happy to help you out.

Best Regards,
Dave

[the_seeker]

Hi,

you could try using tick or volume charts for the 'outside' hours.

regards,
the seeker