E mini Chart Time Frame market hrs.

Hi Sam,

Al just trades and analyzes price action from regular trading hours which starts at 6:30 PST. I don't think he ever considered these supports and resistances based on the 24h chart.

I read about these a few months ago on the "How to trade Manual" ( https://www.brookstradingcourse.com/how-to-trade-manual/day-trading-setup/)  

Thank u so much for the quick response.   I suppose it is possible that he pastes the time zones together. 

I just started to Demo the E mini to see how it felt and needed to ask.  

All good.  Thank you.

I did read the link you sent but something still does not add up.  

I just traded this massive day that should have left a bearish candle on the day. But it left a massive doji.

Al teaches to look at previous day candles for possible direction or structure of the present day.  

So how does he get candles on his charts that only form to those exact specifications?

Is there a broker out there that will allow you to only view certain hrs of the day and those candles will complete only to those specified time zones?

Maybe this is a question for the man himself?

sam

Hi Sam 

I usually use TradingView for my studies and it allows me to choose between "Regular Hours" and the "24h chart" (bottom right corner). We can then see all the gaps and key prices of yesterday quite easily. 

On the other hand, if I choose for the 24h chart, these gaps disappear and turn into just one continuous session.

I don't know exactly how it works on other brokers, but it must be something very similar to it.

Was this what you were looking for? I hope it helps 🙂

Hi Sam,

The almost 24-hour session is called the globex session. In tradingview it is also categorised as the Electronic Trading Hours. Since it is the US markets, you'd expect the US institutions to trade most heavily on it.

That kind of trading only happens during the regular hours, Al trades only the regular hours and so does his students. Al mostly pays attention to the globex highs and lows and not much else.

Most of us naturally follow only the regular trading hours and not the electronic trading hours(globex session).

You can obviously trade the globex sessions if you so wish but I can inform you that the level of activity during the electronic hours is nowhere close the regular trading hours.

For charting purpose, Al uses only the regular trading hours data with running contract at the front. I think that is all there is to it.

Hope that helps. Do ping back if there is something else that needs to be explained more.

When he refers to the previous daily high or low is he talking about the previous day market hrs in that block of time only? 

Yes. Unless he explicitly mentions globex high/low, he is referring to regular trading hours high/low only

The E mini is 24hrs so the high and low can be massive when outside that fraction of its actual day.     

So is he cutting out the rest of the day to make his lessons more clear or am i missing out on a E mini S&P with just daily hrs?

It can be massive sometimes but that is something he doesn't trade and hence, doesn't write about in his blogs. He teaches what he trades and refrains from looking at things more than necessary, keeping it as stupidly simple as possible. Also, Unless you're trading with some kind of algo, it would be impossible for any human to trade 24 hours. You can only trade a session or two in case of forex which also stays open almost 24 hours a day. Better to pick one, in case of E-mini, it is the regular trading hours that has the most activity so that's what he trades.