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Globex vs. RTH data 031403   [back


Here is another example of Globex vs. RTH data when there is a gap.

I watch both at open. I feel it gives me an edge to see setups.

RTH DATA

GLOBEX DATA

Price Action - Opening bar shows continuation of uptrend from previous day Price Action - Opening bar shows continuation of Globex downtrend.
CCI above zero last 5 bars = uptrend?. So to short is countertrend trade CCI has been below zero for 90+ minutes. Short is with the trend trade.
1- CCI shows divergence for a short setup 1- CCI shows reverse divergence for with trend continuation trade. A basic zero line reject trade setup.
2- CCI shows 3 bar divergence setup. 2- CCI shows divergence setup
3- indicators coming into synch --------------
4- New HOD divergence short 4- same divergence short and HOD but a failure to take out the last globex swing high.
 
By watching both I see the gap in RTH and also the downtrend in Globex. Then, a  trend trade to close the gap. The retest of the opening lows is more logical to me, seeing how much of a downtrend we have been in.
 

 

 


 

 

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