Index futures timing

Specially for cnms2 today's review.

The first chart is INDU index. Notice the same picture - two pivot times are related to one price level. It makes price level very important turning point.

I call this point a major. Related reversal is visible on daily scale.

Notice how spot index re-tests this level before go higher.
 

Attachments

The second chart is ES. As I know you (cnms2) trade namely ES.

Notice that we have no retest but the general picture is the same - 2 pivot times and one related level.
 

Attachments

Quote from MoveTimer:

Specially for cnms2 today's review.

The first chart is INDU index. Notice the same picture - two pivot times are related to one price level. It makes price level very important turning point.

I call this point a major. Related reversal is visible on daily scale.

Notice how spot index re-tests this level before go higher.
More...

Hi,
You seem to do the same thing like the guys on www.perfecttradingsystems.com
Are you him or his student ?
 
Thanks. Very interesting.

I remember some older ET posts from Walther (I think). He too was calculating "important" time points. I'm not familiar with this kind of time analysis. You obviously can't disclose your method, but I wonder if it is based on some kind of numerology, or some geometrical method that may somehow calculate those points at the confluence of some dynamic sentiment trendlines...

I enjoy the mind challenge that new (to me) concepts involve. :)

I'm kind of the opinion that pivot lines, as well as many of the TA based trading methods are self-fulfilling prophecies that work because they're followed by many traders. :)
Quote from MoveTimer:

The second chart is ES. As I know you (cnms2) trade namely ES.

Notice that we have no retest but the general picture is the same - 2 pivot times and one related level.
More...
 
I remember some older ET posts from Walther (I think). He too was calculating "important" time points.
More...

yes, I saw his posts. Walther predicted exact points in time, my stuff is a bit different.

I'm not familiar with this kind of time analysis. You obviously can't disclose your method, but I wonder if it is based on some kind of numerology, or some geometrical method that may somehow calculate those points at the confluence of some dynamic sentiment trendlines...
More...

numerology? geometry? no, thanks :)
read first pages of this journal
 
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