MicrosTrader Trading Library

Lesson No. 106 · Trade Setups & Key Levels

Overnight Levels vs the RTH Levels That Rule

RTH levels carry ten to twenty times the volume… so which overnight references still deserve a line on your chart?

Taught In 25+ Recorded Sessions
2022–2026
TEACHING LIVE SINCE APRIL 2018 LAST TAUGHT SEP 25, 2026 EVERY CLAIM LINKS TO THE RECORDED SESSION
Share This Lesson 𝕏 LinkedIn Facebook

RTH levels are king. Levels formed during regular trading hours (the RTH session) carry far more weight than levels formed overnight, because far more participants defend price when the cash market is open. In ES E-mini futures that volume gap runs ten to twenty to one. So you build your Core Strategy setups from RTH levels, and you treat most overnight levels as background noise.

From the tape · Aug 8, 2025

“This is why I don’t give overnight levels very much credibility. RTH levels are the king. You got many more people defending price.”

This page gathers everything George teaches about the overnight session versus RTH across hundreds of hours of live ES and MES micro futures trading… why RTH volume wins, which overnight references still count, and how an untested level carries forward from one session to the next. Get this right and your chart stays clean, with only the levels that actually move price.

01

Why RTH Volume Wins

Why does the RTH session matter so much more? Volume. The overnight session, the ETH session, trades thin. A handful of participants push price around while most of the world sleeps. When the cash market opens for regular trading hours, the crowd shows up. Every level you drew now faces real defense. That is what makes a level strong.

10–20x
RTH volume vs the overnight session
RTH
The only session whose single prints matter
1
Session George draws Core Strategy levels from

George says it plainly. Only the RTH prints carry weight, so that is where your levels come from.

From the tape · Mar 26, 2025

“Obviously these RTH levels are of a magnitude of 10 to 1, 20 to 1 maybe of importance compared to anything in the overnight session… the only single prints that ever matter is what happens in RTH. Just focus on the levels that are created during RTH.”

This flows straight into the No Level, No Trade rule. A weak overnight line is barely a level at all. Trade from it during RTH and you’re guessing. The Strong Levels that anchor the weekly Battle Plan come from RTH, where the volume proves them.

From the tape · Aug 8, 2025

“RTH levels are the king. You got many more people defending price.”

Learn How to Trade the Battle Plan
Practice on real ES sessions in the free simulator… no credit card, no signup.

Attend Battle Plan Boot Camp… Free

02

Don’t Trade Overnight Levels During RTH

Here’s the rule that saves accounts. Do not draw a Core Strategy level from the overnight session and then trade it during regular trading hours. The volume isn’t there to back it. George repeats this one across years of sessions, and he means it.

From the tape · Jul 1, 2026

“That’s one reason I don’t really draw, for example, Core Strategy levels from the overnight session to trade during the RTH. Don’t do that.”

He states it flatly. Overnight levels simply do not carry the same weight as RTH sessions from a pure volume standpoint. So he leaves them off the trade list.

From the tape · May 30, 2026

“I do not trade overnight. I’m so sorry. I do not trade Core Strategy levels formed in the overnight session during RTH.”

Now flip the direction, because the rule is not symmetric. You can trade an RTH level in the overnight session. The overnight book still respects a proven RTH price. George showed exactly this when a well-marked RTH level bounced price hours before the cash open.

From the tape · Jul 1, 2026

“Now, can you trade RTH sessions in the overnight? Absolutely. And last night was a beautiful example for where that overnight low bounced.”

03

The Overnight References That Still Count

Overnight levels don’t earn much credibility. A short list still does. ES E-mini futures trade all night through the Asian and European markets, so a few overnight prices carry real memory. Mark the highest price explored overnight and the lowest price explored overnight. Those two lines matter.

From the tape · Oct 29, 2022

“ES trades all night, so you got the Asian markets, you got Europe opening, London, all that stuff. So we want to know what was the highest price that explored last night and what was the lowest price it explored overnight. And I want to mark those levels.”

Why do those two hold weight when other overnight levels don’t? Because the overnight high and the overnight low are a peak and a valley. A swing high and a swing low. A break level pair. And it’s the price the world explored across a number of international markets while you slept.

From the tape · Oct 29, 2022

“The IB high and the IB low is nothing more than a break level. It’s a swing high and a swing low, but with extra importance, with extra power, because it’s where price explored overnight in a number of multiple international markets.”

So the morning routine is simple. Wake up, mark your peaks and valleys, and most mornings that just means the overnight high and the overnight low. Add the Initial Balance high and low. Then trade them.

From the tape · Oct 29, 2022

“Overnight low, overnight high, IB low, IB high are things I mark on my chart and trade every day.”

Two more references round out the overnight watch list. The previous day’s RTH opening price acts as a reliable magnet through the overnight session. And when George is forced to keep only one thing from the night, he keeps the highs and lows of Asia and London, plus a clean 30-minute front side.

  • Previous day opening: “That previous day opening is always a really good level in the overnight session,” George notes (Apr 30, 2026). Price will hunt it and hesitate there.
  • Asia and London highs and lows: “If you made me only pick one thing from an overnight session I’m going to carry forward, it’s the highs and lows of the Asia and London” (Mar 26, 2025).
  • 30-minute front sides only: The only overnight level George actually entertains trading is a 30-minute front side, or a break level on a 30-minute chart (Jun 21, 2026). Anything smaller, he leaves off.
04

How Price Reacts to Overnight Levels

Mark the overnight high and low and something useful shows up. The first time price challenges either one during the RTH session, it tends to bounce. First touch, first reaction. That gets even more reliable when the overnight level lines up with another one of your Strong Levels.

From the tape · Nov 16, 2022

“Typically you’ll find during the RTH session, depending on where we open up, that the first time price challenges the overnight high or challenges the overnight low, price will bounce off those levels… especially if there’s confluence with some of our other levels.”

The break also pays. When price clears the overnight high with force, George treats it as a defined move already loaded on the chart. Do it with vengeance and there’s a built-in target waiting above.

From the tape · Mar 18, 2025

“If we get over the overnight high, that most likely, if we do it with the vengeance, I’m going to be going long with a market order. I’m just going to go long because we had targets up here and I said there’s a built-in 20 pointer.”

One more spot to know. A few points underneath the overnight low is what George calls the Hail Mary position. It’s a low-probability, last-ditch long. Not a core setup. You reach for it only when a hard flush snaps below the overnight low and you want a lottery-ticket entry into a snapback.

From the tape · Sep 2, 2025

“A few points underneath there is kind of the Hail Mary position, we call it.”

05

Untested Levels: When a Line Doesn’t Count Yet

Here’s the concept that ties the whole session question together. A high or low created outside regular trading hours doesn’t fully count as a level until RTH has tested it. Price touched it overnight, sure. The RTH crowd never voted on it. So you mark the note and you wait.

From the tape · Nov 30, 2024

“We have this RTH low but it has not been tested in the RTH session… RTH low not tested in the RTH session, it doesn’t really count. Let’s test it in the RTH session. Just make that note.”

That untested note is a gift. A level taken only in the overnight session and not yet tested in RTH often produces the sharpest reaction later. George keeps those lines on the chart on purpose, and they pay.

From the tape · Mar 28, 2026

“This RTH low here was tested in the overnight session, but not tested in the RTH. And look at the note I made on it. Not tested in RTH. You want to keep that on your chart. It’s significant… when price got down to the untested RTH low, this is where we finished, and we did ladder back for many hours, almost a 50-point move from that area.”

So the rule for carrying levels forward is clean. If RTH already tested a level, it did its job and you can retire it. If RTH never tested it, keep it. That covers halfbacks, session highs and lows, even Sunday openings.

What to carry forward to the next session
LevelCarry forward?George’s rule
RTH high / lowOnly if untested“Not tested in the RTH session” earns a note and stays on the chart.
RTH halfbackOnly if untested“This RTH halfback has not been tested in the RTH session. I would carry that forward.”
Sunday openingOnly if untested“I don’t normally carry forward Sunday openings unless they have not been tested during the RTH session.”
Asia / London high & lowYesThe one thing worth keeping from the overnight session.
Small overnight levelsNoThey often do nothing. Leave them off the chart.

George carries an untested halfback forward without hesitation (Feb 22, 2026), notes every high with its RTH context (Mar 8, 2026), and keeps a Sunday opening only when RTH never retested it (Dec 27, 2025). Same test, every time. This is the discipline behind the Sunday Chart Prep routine.

06

Anchor to the Last Full RTH Day

Holidays and shortened weeks throw traders off. The fix is simple. Treat every half-session and overnight stretch between full days as one long overnight session, and anchor your levels to the last full RTH day. That’s the day the crowd showed up and proved price.

From the tape · Jan 20, 2025

“Friday was the last full RTH day. That’s the day I’m using for my levels… I’m treating all of that as one overnight session and I’m using Friday’s RTH high, lows, and halfbacks as the important levels.”

Notice what he pulls from that day. The RTH high, the RTH low, and the RTH halfbacks. The proven RTH structure. Everything that happened in the thin sessions after it gets folded into one overnight blur that doesn’t change the levels. This is the same instinct as reading who controls the market before you take a side. Anchor to real volume. Ignore the noise. And when price wanders into the muddy middle between your RTH levels, Stand Down until it reaches one that counts.

From the tape · Mar 29, 2025

“I’ve taken the trades more than once, but the best time is the first touch. The second touch less likely to be defended again unless it’s at a wonderful high time frame trade location such as at the bottom of a range.”

✦

Keep Learning

Q

Frequently Asked Questions

What is RTH in trading?

RTH stands for regular trading hours. For ES E-mini futures and MES micro futures, that means 9:30 AM to 4:00 PM Eastern, the window when the New York cash session runs and institutional volume floods the tape. Everything outside that window belongs to ETH, the extended or overnight session.

George teaches it plainly: no futures trader needs to trade outside those hours. The volume in the RTH session far exceeds anything the overnight session prints, and volume validates levels. Want to sharpen it further? Narrow your focus to your best trading hours inside RTH itself.

Should you trade overnight levels during RTH?

Only two of them: the overnight high and the overnight low. Ignore every other level you believe the overnight session created. Overnight volume runs thin, and a level built on thin volume carries no proof. Once the 9:30 bell rings, trade the levels that real RTH volume built… the Strong Levels that do what they are supposed to do.

Which overnight levels actually matter in ES futures?
The overnight high and overnight low matter most, because ES trades all night through Asia and London and those are the peak and valley the world explored. The previous day’s RTH opening is a reliable overnight magnet, and the Asia and London highs and lows are worth carrying forward. Small overnight levels usually do nothing.
What does “not tested in the RTH session” mean?
It means a high or low formed outside regular trading hours that the RTH crowd has not yet challenged. Until RTH tests it, the level doesn’t fully count. Mark it and keep it on your chart, because an untested level often produces the sharpest reaction when price finally reaches it during RTH.
Does price bounce off the overnight high and low?
Yes, typically on the first touch. The first time price challenges the overnight high or overnight low during the RTH session, it tends to bounce, especially when that level lines up with another Strong Level for confluence. A forceful break of the overnight high can also open a built-in target for a long.
Which levels should you carry forward to the next session?
Carry forward any RTH level, halfback, or Sunday opening that has not been tested in the RTH session, plus the Asia and London highs and lows. After a shortened week, treat the gap as one overnight session and anchor to the last full RTH day, using its RTH high, low, and halfbacks.
Which overnight levels should you mark before the open?

Three primary levels: the overnight high, the overnight low, and the overnight half back, the midpoint between the two. Some traders also note the midnight opening price and the overnight market profile distribution. Those secondary reads add context. Mark the three primaries as part of your pre-open level routine, then build the rest of your map from RTH structure.

Why is the RTH session king?

Volume. The institutions, the funds, and the serious size all transact between 9:30 AM and 4:00 PM Eastern. A move that happens on that volume means something. A drift that happens on overnight air can evaporate in the first minutes of the day session. When you respect RTH structure, you trade where the proof lives, and you place your entries in the right trade locations instead of guessing at ghost levels.

Does George’s group ever trade outside regular trading hours?

Rarely, and only with a written reason. In the futures trading room at microstrader.com, the overnight session gets traded only when price reaches one of the Battle Plan trade locations. The Battle Plan is the daily written trade plan that maps every entry in advance, long and short. If price tags one of those locations at 2 AM, the trade counts. If it does not, the platform stays closed until the open.

Can the overnight session tell you anything useful?

Yes. Context. Was the overnight session net long or net short? Did price hold inside the prior day’s RTH value area, or travel above it, or below it? Those reads frame what kind of open you should expect. Treat them as background, weigh them lightly, and let the day session confirm or reject them. The overnight session provides context. The RTH session remains the king.

Do overnight highs and lows work as trade locations?

They can, when they line up with your plan. The overnight high and overnight low mark where the extended session ran out of buyers or sellers, so ES futures often react on the first touch. React and trade are two different standards though. Wait for price to reach the level, watch how it behaves, and take the entry only if it matches a location you mapped in advance. No level, no trade… and that rule holds in every session.

Field Dispatch · Free

Get the Sunday Library Lesson

One lesson from this library in your inbox every Sunday… George’s own words, with the receipts. Part of the free SITREP.

DISPATCHED SUNDAYS 11:00 CT · UNSUBSCRIBE ANYTIME

Your Next Step
Step 1 · Free
Foundations Course
  • ✓13 free lessons
  • ✓Take the Trader Test… are you cut out for this?
  • ✓Risk rules, the ES/MES contract, Technical Analysis 101
Start the Free Course
Step 2 · Never-Ending Free Trial
ES Live Trading Room
Every Tuesday… watch the live Zoom session simulcast free on YouTube.
Watch Free on Tuesday
Step 3 · Get Started for $7
The Battle Plan
  • ✓Know where to go long
  • ✓Know where to go short
  • ✓Your daily ES trade plan drawn on your TradingView chart
$7 Gets You Started

Parting shot · Mar 26, 2025

“Just focus on the levels that are created during RTH.”

— GEORGE, MICROSTRADER · WATCH THE RECORDING ↗

Part of the MicrosTrader Trading Library… every teaching mined from George’s live ES & MES futures sessions on YouTube. Futures trading involves substantial risk of loss and is not suitable for every investor.

See These Lessons Traded Live

One Battle Plan. Traded Together. Every Session.
Mighty Micro
Mighty Micro
Mighty Micro
MicrosTrader Support
Hey! I'm Mighty Micro, your MicrosTrader support assistant. I can help with membership questions, indicator troubleshooting, Zoom access, and more. What can I help you with?
Mighty Micro is thinking...