TriPack and Walther
I was in a good discussion earlier about key intraday time cycles...if there tradable or not.
Speaking for myself...I mainly trade the first hour so I was only concerned with Walther's 0945am est time and Tripack's 1001am est time.
Here are two charts to reflect the intraday based on the 1min and 3min chart interval.
Walther's 0945am est Watch
TriPack 1001am est Watch
Note: I do know a few traders that are Short since 10am est (at/near TriPack 10am est time to Watch) based on their own trade methodology. The charts above only reflect key Short signals or key s/r levels because of the traders I know that were Short or had a Short bias via daily chart analysis.
Also, with no key pre-market news and no key economic report releases today to stir up some strong trends...
what happen between 0945am - 10am est was normal in my opinion (choppiness or tight range).
Are these times tradable???
The above charts should answer that.
Had I used Walther's key time with
my trade methodology...I either would have taken a loss or exited at breakeven based on the key pivot point analysis in the above chart (I did get a weak Long signal but ignored it because of no confirmation from market breadth).
However, I would have had difficulty in making back my money pior to 10am est because of market conditions until TriPack's key time that correlated well with my trade methodology that produced a big time Short signal.
Simply...TriPack's time was more accurate than Walther's time to watch of 0945am est. In fact, I would not have made money via Walther's time and would have via TriPack's time to watch of 1001am est.
In boxing terms...Tripack is now ready to dethrone Roy Jones Jr....
http://www.boxingtalk.net/pages/gallegos13.htm
Walther's gets a shot at Antonio Tarver in a box-off to see who gets the winner of TriPack vs. Roy Jones Jr.
Yep...I know what your all saying...one day of success doesn't make you a champ...
However, in boxing terms...go tell that to Buster Douglass that whipped Tyson in Japan.
P.S. I'm a huge fan of Roy Jones Jr.
However, I'm ready to jump on the TriPack bandwagon
NihabaAshi