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Thesessionmaker

Understanding Sessions - DAX FuturesFollow up from yesterday's post for US Futures, but same concepts apply for ALL assets in any market. See this example from the action this morning. DAX hasn't yet settled beneath the US Session Open, clearly indicating current pressure remains up. Yet the range potential on a push higher or lower is nice and wide. For these cases I tend to prefer to play the reaction to the next move, not predict the move itself. If you're scalping, you can use the smaller timeframe session open such as 5 minute as a guide for 'in the moment' pressure, but always keep these bigger sessions in mind and where you are in relation to them. Reference my earlier posts from yesterday and this morning for ES for more info.
EUREX:FDAX1!Education
by TheSessionMaker
Understanding Sessions - ES FuturesFollow up from yesterday's post. See this example from the action this morning. The rip higher off the open to grab supply, only to reverse on the next 15 min bar, taking out the Open price, immediately heading for where? The Pre-Equity Open Defender created hours before the normal session open. This is critical because the Pre-Equity Open in Futures is a helpful guide not just in Futures, but for SPY, QQQ, or any stock. It's serving as the guide for where the pressure is for the morning. It can often act like it did today, halting the selling to reverse higher. It ALSO works in the other direction, when equities Open at 9:30am, where are we in relation to the Pre-Equity Open in Futures? If below, that's downside pressure until we forceably breakthrough it. Remember - once the level is tagged, many of the resting orders have been filled. More can come in behind it, but an intra-day retrace all the way too any of these Session Opens is more likely to at least push price to the other side of it, finding out "what is there" orderflow wise.
CME_MINI:ES1!Education
by TheSessionMaker
Understanding Sessions - US Index FuturesMarket Sessions are not commonly understood. Let's use ES Futures as an example (concept applies for all assets in every market). What you see is an automated tool that I call ' The Session Maker '. It's all about providing in the moment context when trading, but it the principles and concepts are valuable when used on any timeframe. Below I briefly explain Sessions, why we often haven't learned what they are or how to use them, and what we can do about it. Most of the time we hear about the importance of the "Close" of the day's session and that level is what most see or reference on their charts, or CNBC, or social media, etc. The reality is, the OPEN of a Session carries more weight than the Close. And before you say "but the Close of one session and Open of the next are often identical" - think again. Plus it's not just the level, it's the way we perceive it, and perception is everything in this game. By definition if we look at the Close of the previous session, we're focusing on what has already happened and basing our analysis on increasingly older data. Using the OPEN as our guide for the current session, we're bringing our attention as close as possible to the "here and now". We're actually assessing the "type" of market participants involved right in this moment. Plus by doing so, we're able to recognize there are many concurrent sessions happening each moment. Timeframes like Today's Session, the Weekly Session, the MONTH, the QUARTER, the YEAR. To smaller timeframes like 2 hour, 15 minute, 5 minute, etc. I encourage you to take a moment, look at the Opens on any timeframe you prefer, and notice HOW the candle or bar is formed. How is the wick created and when? Put it in context of the current trend on a larger timeframe. For example, in an auction move higher, do they consistently sell the open of each 15 minute session, but not break below the previous 15 minute session Opens? Consistently giving small pullback backs but auctioning higher? WHERE did the move slow and/or stop? Was it an "untouched" or "unvisited" Open from a previous Day or Week or much larger timeframe, such as the Quarter? When we start to put it all together, we get more context for which Sessions carry more weight, which one's we want to be participating in, and most of all refine our entries and exits not based on Moving Averages or other squiggly lines... just price and orderflow. Happy to discuss any questions or thoughts in the comments and plan to provide future posts with examples of how this automated tool can help provide quality data for better decision making. **For anyone who can answer the below question correctly - I'll shoot you over a custom link with this tool that you can copy into TradingView** What is the actual Daily Open for US Index Futures we should all be aware of? Is it: (all times Eastern) 6pm? 8:30am? 9:30am? 9:28am?
CME_MINI:ES1!Education
by TheSessionMaker
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