Hey, I started trading about 6 months ago, I live in London so get a day bar form on the Sunday from Asia trading, do you pay much attention to the Sunday bar? I find that because the volume is a lot lower than usual it can give false information? Is it best to ignore the Sunday bar?
Thanks
Not at all; even I don’t count the 1st session of Monday as well as last 2 hours of Friday.
Hello, may I know why actually?
Because of low volatility & confessional market trend!
The charts from my SB firm show the Sunday night (London time) session but as its only about 2 hours long, and both London and new York are obviously closed, I would never use it in my TA. I also get charts independently from Sharescope and these don’t show a Sunday session candlestick, it is resolved into Monday’s trading which I find the approach that gives me better TA.
What is really annoying is that because the SB firm’s charts start at about 2215hrs on any given day, that whole bar has that date attached to it. So e.g. their Wednesday bar has Tuesday’s date. Stupid.