S&P daily pivots and break-down & up Targets

Joe, in one of your videos you mentioned to watch out for the time 9:36 in the market, since a lot of times the market changes directions then (is that right, or am I recalling the time incorrectly?). I was just wondering if there were any other times that that is likely to occur, any time during the afternoon?

Also, is there a good resource for learning about how time of day affects the market? I know simple things like trading is fastest at the opening and near the close, and slow in the middle of the day, but I'd like to learn a little more in depth.
 
Q:

Joe, in one of your videos you mentioned to watch out for the
time 9:36 in the market, since a lot of times the market changes directions then (is that right, or am I recalling the time incorrectly?). I was just wondering if there were any other times that that is likely to occur, any time during the afternoon?

Also, is there a good resource for learning about how time of day affects the market? I know simple things like trading is fastest at the opening and near the close, and slow in the middle of the day, but I'd like to learn a little more in depth.




A:

We go over the times in the market every day in the room

Have you been in to our room yet ?

There are many times of the day a market is likley to change
direction based on time of day
 
Funky Friday - did not want to cooperate!?!:p. Not a bad week, but curious. . .did you make a dime on Friday?

gA

I'd go to your room - but at the moment time does not permit.
 
OMG...........................KILLED IT ON THE OPEN

had the room short from 1269.50

1st tgt 1266

then 1264

to 1256

said we should hold there

the other trader took over in the room, I had to run out

but he got them long @1253 area i think but he had a great rest of day as well.....

You swing trade, our room goes short and long all day

you may not like the style....

but you are welcome to stop by



Take Care,


Joe Baker
 
Excellent forum. Thank you for sharing with us.
Do u think it advantageous for one to learn how to read the orderbook on globex?
 
be careful trading globex

I will post a pic on how we use globex, very simple

watch the YEN, and you have to know the key numbers!

I wiil put togather some pic for you


Take Care,

Joe Baker
 
Joe:

I just started looking at your levels, .... I must say it is a breath of fresh air to hear your unbiased feel for the market, as traders. who cares which way she goes, as long as you are on the correct side!

Do you do much work in any other markets, I see you mentioned The YEN?

good trading,

el surdo
 
Hi Joe

Great work, I spend a lot of time on the ES journal. Would
love to get access to your room. Do you still have room?

TIA
 
JB: It seems to me the "levels" stated before the open at YouTube (Line in the Sand, Breakout, Breakdown, Ultimate Target) were traded differently in your room?

Ga
 
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