hi W.B. - yes, i will try not to over-use your welcome by pestering with questions.. - thx for the feedback, this is helping me a lot in my work.
i think one of my questions was not clear:
by the way, i still can't figure out how you can anticipate that Wednesday morning will be an important point... (this is NOT a question
) - i know you have mentioned you use your own techniques - this approach does sound similar to Gann's, i have read some Gann material in the past, but not much and not done anything with it, but i have seen one trader who uses his version of the Gann methodology to anticipate intraday reversals..
i understand your point that people do things at certain times regularly - for example, i have studied intraday volume in the index futures and the bulk of it gets traded in the first 1-2 hours and the last 1-2 hours... - but this is "obvious" knowledge/fact, i.e. there is lunch time, there are logical, sensible reasons for morning and afternoon to be relatively more important time windows because that is when more volume naturally comes in - however, i have not looked at the distribution of volume for different days of the week, for example - would you suggest that some days are more "important" than others? - i can only guess that the day before a holiday, for example, could be lighter volume and the day after heavier... - of course, then there are seasonal effects, such as the summer lull.... - i am not sure if what i am trying to say here is relevant at all to how you look at things.
i am looking forward to see how Wednesday turns out.
i think one of my questions was not clear:
i assume this means you bought puts - i am trying to understand why do this rather than, for example, just keep a stop on the longs and re-enter if stopped out...
by the way, i still can't figure out how you can anticipate that Wednesday morning will be an important point... (this is NOT a question
) - i know you have mentioned you use your own techniques - this approach does sound similar to Gann's, i have read some Gann material in the past, but not much and not done anything with it, but i have seen one trader who uses his version of the Gann methodology to anticipate intraday reversals.. i understand your point that people do things at certain times regularly - for example, i have studied intraday volume in the index futures and the bulk of it gets traded in the first 1-2 hours and the last 1-2 hours... - but this is "obvious" knowledge/fact, i.e. there is lunch time, there are logical, sensible reasons for morning and afternoon to be relatively more important time windows because that is when more volume naturally comes in - however, i have not looked at the distribution of volume for different days of the week, for example - would you suggest that some days are more "important" than others? - i can only guess that the day before a holiday, for example, could be lighter volume and the day after heavier... - of course, then there are seasonal effects, such as the summer lull.... - i am not sure if what i am trying to say here is relevant at all to how you look at things.
i am looking forward to see how Wednesday turns out.