Is there a trading platform that supports time of day analysis?

[J_Smith]

Probably don't need years of data but a longer history is a corrective to the last twenty trading days. But once you set conditions on a price move - up 30, 40, 50, 75 bps before the close - you need a lot of data to fill the hoppers.

I come from a quant sales background - DRI, BARRA, StarMine - and sold stock selection models for the last ten years - Haugen model, IQS. I daytrade futures and I'm trying to get a grip on the time of day patterns I've mentioned.

Again, different people see things differently!

I returned to trading not so long ago, after a few years of time wasting, and, it has taken me a while to get back into the swing of things - you would be amazed how much you forget when you stop, but recently, I have purposely forgotten a good bit of what I had learned, as it was costing me money, so, stopped using it right away.

The best way to "see" what you need to see, is to have money on, and watch it go into the red and green - there is no better way to get the brain to "cop on".

Of course, never risk too much when conditioning the brain, as if one is silly enough to think that one can make thousands, before one makes hundreds, then Dan Brown comes to mind!

J_S

 

[J_Smith]

Here is something for you to think about.

As price approaches a key level, the more "certain things" align, the higher the odds of a breakout/breakdown occurring.

If the break occurs, then follow thru is again dependent on "certain things".

This implies that knowing what the "certain things" are, can help improve the odds.

J_S

 

[ms33]

How do you define key level?

 

[der_kommissar]

First thing that comes to mind is Nanex and Hunsader's twitter feed...He frequently posts time of day analysis (broken into 15 minute segments I believe)...Very odd distributions (which many have picked up on over the years)...i.e. the European open (3 am ET), and I believe there are two big ones back to back around 3:00-3:30 pm ET.

 

[victorycountry]

How do you define key level?

they are usually clustered ... perhaps you can find them using either 1 Hour or daily moving average levels ...

 

[Laissez Faire]

Interesting, but not surprising, that people start preaching and answering everything else than what you asked.

I know that Linnsoft Investor RT may have some possibillities for doing statistical analysis, but I have no experience using it self. Check it out.

If not, this should be rather easy to set up in Excel and using the sorting function. It may take you some time initially, but when it's done, it's done. Just a matter of inputting the data.

 

[J_Smith]

How do you define key level?

Different people will have different ways.

You can have a key level on any timeframe, as it all depends on your objective and your max % risk per trade.

For daytrading the ES, the current day's volume per price will help to identify key levels, very similar to market profile, and very effective when used correctly.

It all depends on what your objective is, and your risk profile - do you have these identified yet, or are you jumping the gun!

J_S

 

[J_Smith]

First thing that comes to mind is Nanex and Hunsader's twitter feed...He frequently posts time of day analysis (broken into 15 minute segments I believe)...Very odd distributions (which many have picked up on over the years)...i.e. the European open (3 am ET), and I believe there are two big ones back to back around 3:00-3:30 pm ET.

the holy grail..is but a tale
keep the meek..stay so weak
forget such shite..with all your might
and learn to see..the one, two, three

a fool won't know..what others show
reason it be..head can not see
Socrates did stress..most do possess
get so tired..from being inspired

a friend of mine..did speak with twine
he drove most mad..and kept them sad
he said so much..few could not touch
his biggest jewel..was "most are fool"

his color true..it was so blue
his symbol fly..it was the "eye"
his style was say..of VSA
he had the rope..he was " no dope"

J_S