ES Journal Archive (2006 - 2008)

[my2cents]

What makes 10:30 such a reliable reversal time?

From my days in the wire room at Fidelity Investments.

Fedfunds Transfers

Acceptance of Fedline PC wire transfers of excess cash from overseas portfolios.

Any residual cash left over from the days trading in US gets wired to Tokyo in advance of Nikkei open. Then to London then back to US. The money never sleeps.

Kudos to John99 for being the closest.

 

[elbow]

volente,

Good call if stop was loose. Less risk to enter when seen. Brokers like the road lizard traders.

 

[romik]

Quote from romik:

long 1419.25, increased size

reversed, short 1417.25 increased bet size

 

[elbow]

times are irrelevant.....mind bias.......anticipation...daytrading emini's that is a trap....If i see a signal generated by that or any other price movement i must enter.....just my humble opinion......it is called discipline. it is called daytrading.

 

[john99]

Besides the 10:30 reversal period, which I see occuring more on range days, I also notice 3pm as a reversal period on trend days. My hypothesis is that automated trading programs close out positions at this time period when profitable and the price is below or above the VWAP.(many automated systems trade based on VWAP with exit points set at this time period)

What are other reasons for the 3pm reversal? Bonds closing.

 

[romik]

Proper charting algos

I've just realised I've been tracking a 200ma on a 10 min chart ~1418.25, when in fact it was and still is ~1419.25. Due to it being 1 point out of sync with the actual 200ma, so far 3 losing trades, instead of 0 realised losses

 

[elbow]

times are irrelevant to daytrader who gets to have the most fun. being wrong too often is not fun. or profitable.

 

[my2cents]

john99 you're over thinking it once again, its been the bond close since way back when. Bond mkt after 15:00 hrs no longer has a preponderance on the stock market.

Think flow of funds. Cash flow.

Liquidity (or lack of) enters the mkt. daily at 10:30 and at 15:00 hrs.

Porgie, thank you for the kudos the other week.

Oh, by the way, you do know a buy program was put on at 12:40 correct?

And it just might be coming to an end here, let's see. Otherwise it should run until 14:15. Oh I forgot, times don't matter.

 

[Optionpro007]

Hey elbow how about trying to post anything of value for a change. Most, if not all of your posts are an incredible/spectacular WASTE of time.

Never seen anybody try so hard to be put on ignore as well as you do. Congrats you did again.

Ciao !

 

[john99]

Quote from my2cents:

john99 you're over thinking it once again, its been the bond close since way back when. Bond mkt after 15:00 hrs no longer has a preponderance on the stock market.

Think flow of funds. Cash flow.

Liquidity (or lack of) enters the mkt. daily at 10:30 and at 15:00 hrs.

Are you trying to tell me hedge funds and IB's pull or put in money at these key time points and that is what we are seeing done behind the seens?

Here's is a great article from LBR, she talks about time point reversals, not sure how old the article is, but I think its relevance has stood the test of time.

<a href="http://docs.google.com/View?docid=dgckstqh_0fczbmp">LBR article</a>