Quote from Samsara:
Ah, there are ways to identify in the first 10-15 min if there is some probability of those certain characteristics.
Good call on not holding past the close -- never tried.
Someone I've been looking into is Mark Fisher (and I never follow any person's "method", but something about what he does makes sense to me). One potential overnight long occurs when price trades down a certain extent early then rapidly rallies all to significant highs late in the day, trapping shorts. Never framed things that way myself, but it's worth studying to me.
Quote from Joe Doaks:
The way I do it requires over an hour into the day.
Let me recommend that when you get through your present traumas that you take the time every day to describe the shape of the day in an algorithm and test it. That will keep you from posting responses to certifiable loonies on ET.
Quote from Joe Doaks:
The way I do it requires over an hour into the day.
Let me recommend that when you get through your present traumas that you take the time every day to describe the shape of the day in an algorithm and test it. That will keep you from posting responses to certifiable loonies on ET.
Quote from Samsara:
Makes sense, if you have the chops to pull it off.
I must admit that over time I became exhausted with the prospect of modeling days like yesterday, for example. Chop that gives way to trend and trend to chop is the bane of my existence. Instead, I found it easier to just sit out of the market on certain days based on what happens early in certain correlated instruments.
I've been long today for the entire day. Replying to certifiable loons is the only way I don't become one myself out of boredom.