TIMES and S & P E-mini

[omcate]

Hi,

Has anyone tried the TIMES method of Traders International to trade S & P E-mini ?


Thanks.

 

[candletrader]

Havent heard of it... for all you searchers of the Holy Grail, you are gonna be disappointed...

There are fundamentally only two ways to directionally trade the eminis (or for that matter, anything)... at least these are the only two ways that have worked for me

1) enter on breakouts in a trend
2) enter on retracements in a trend

The method is actually kind of irrelevant as long as it makes sense...

What separates the winners from the losers is the ability to keep stops...

 

[Risk Less]

If anyone has an explanation of this, please post it.

I have heard about this through the grapevine, but I wouldn't bet on it's validity.

Riskless

Quote from omcate:

Hi,

Has anyone tried the TIMES method of Traders International to trade S & P E-mini ?


Thanks.

 

[profitseer]

Quote from damonjanis:

If you randomly pick a time throughout the day and randomly pick a trade direction, and your stop loss size is the same as your target size, you will get 50/50 results.

Now, take that random system and tie it to the current trend (only trade during a strong trend and in the direction of the trend), and you will do better than 50/50 and achieve profitability.

seems to be the theme of the day. I wonder what that means? Nice work.

1. Ask a person on the street to pick a number between 0 and 3.
2. Ask a person on the street to pick a number between 0 and 6.
3. Ask a person on the street to pick a number between 0 and 9.
4. Assemble those numbers to arrive at your entry time. That gives you a max of 369 minutes from the open. (For example 000 would mean enter on the open, 120 would mean enter at 11:30 est)
5. Flip a coin, heads you go long and tails you go short.
6. ONLY TAKE THE TRADE IF IT IS THE DIRECTION OF THE TREND
7. Watch CNBC and wait for a mutual fund manager to announce the direction of the trend.
8. Don't expect to take many short trades.

 

[larrybf]

i saw it demonstrated at an online trading expo. despite all the super duper mumbo jumbo "proprietary signal" rap it looked like a system using a stochastic and MACD indicator. save yourselt $ 4000 and fool around with those indicators if you like.

 

[nkhoi]

it's appeal is in its simplicity since it use only 2 indicators and hasn't changed over years, I speculate that 1 of its indicator is %D = 5 trade in direction of the hook, the other indicator act as filter but I am less sure, have fun

 

[todd960]

It's a divergence system

 

[nkhoi]

diverg from what, could you be more specific?

 

[wally_]

Quote from todd960:

It's a divergence system

As long as it is divergent from a common sense it can actully work.

 

[wally_]

Quote from damonjanis:


I have found that it's easy to create a system of 50/50 results. If you randomly pick a time throughout the day and randomly pick a trade direction, and your stop loss size is the same as your target size, you will get 50/50 results.

Now, take that random system and tie it to the current trend (only trade during a strong trend and in the direction of the trend), and you will do better than 50/50 and achieve profitability. This is much less work than using a system with a lot of rules but in the end doesn't achieve results any better than a simple and slightly modified random system!

So simplicity rules here again, not so surprising, my favorite system has only one entry condition that boils down to comparing two numbers (most of the time) which you know a day before you place your entry.

You could improve the system by entering early in the trend by chosing the entry times in a less than random fashion.