The 7:30am spike?

True, that is until news is released that takes a normally reliable price pattern and completely destroys it (IE Fed annoucements at 2:15). I guess if you are not trading at 8:30 est then it doesnt matter if you dont know what is happening then but its always good to know when market moving news is being released intraday so, if anything, you at least know that it's coming.

Quote from andrewbee:


I think statistically reliable patterns of price movement carry much more weight than news.
More...
 
Quote from andrewbee:

Actually, I think not having run over 1 million simulated trading runs with 2 years of tick-level data and progressively refined your algorithms is much more likely to make one "out of it".

Flame me if you wish, but I think statistically reliable patterns of price movement carry much more weight than news.
More...


did you know that the fed is releasing it's rate decision on the 25th of this month at 2:15 est? have you heard of inflation? gdp? i find it questionable that someone who says they have studied price patterns this in depth for 2 years and says they are profitable has no clue what time most of the major premarket economic news is released.
 
Quote from robbie380:

did you know that the fed is releasing it's rate decision on the 25th of this month at 2:15 est? have you heard of inflation? gdp?
More...

No shit, Sherlock. Yes, I know about those things. But they don't affect my trading.

I'm not sure what is so hard to understand about the fact that I run a purely mechanical system, every hour the market is open, through both run-ups and drawdowns. Needless to say, if the run-ups didn't outweigh the drawdowns, I would not be doing it.

The only thing that matters to me is price action. Emotions? TA? Fundamentals? Guesswork? You can keep them. I love not having the stress that goes with trying to predict market direction, entry and exit points.
 
Quote from andrewbee:

No shit, Sherlock. Yes, I know about those things. But they don't affect my trading.
More...

If you know, then why did you start this thread ? :confused:
 
Quote from jeb9999:

If you know, then why did you start this thread ? :confused:
More...

Because I didn't know that practically every day some kind of news comes out at 7:30 Central. I thought it was pretty much dispersed throughout the day, and wasn't sure what was causing this spike at the same time every day. I thought it was a pretty straightforward question really, driven by curiosity more than anything, that has been turned into a massive discussion by people who misunderstood where I was coming from.
 
Quote from andrewbee:

Hi,

I trade the YM, and I noticed that at 7:30 Central time, almost every morning, there is a spike, either up or down. Once it's over, the price trend then usually goes back to what it was doing before.

This is exactly an hour before regular trading hours commence and the stock exchanges open. Anyone know the origin of this spike? A bunch of automated systems all kicking in at the same time perhaps? Does it happen with other e-minis?

Thanks
More...

There goes my edge. Now everyone is going to know about these pre-market spikes. :mad:
 
Quote from reiehaxm:

There goes my edge. Now everyone is going to know about these pre-market spikes. :mad:
More...


Get some of those long balloons and a pump and you can work some Saturday birthday parties you fucking clown.
 
Quote from andrewbee:

Hi,

I trade the YM, and I noticed that at 7:30 Central time, almost every morning, there is a spike, either up or down. Once it's over, the price trend then usually goes back to what it was doing before.

This is exactly an hour before regular trading hours commence and the stock exchanges open. Anyone know the origin of this spike? A bunch of automated systems all kicking in at the same time perhaps? Does it happen with other e-minis?

Thanks
More...

Stock_trad3r is that you?

werd
 
You must log in or register to reply here.
Back
Top