Trading times for Monday trough Friday

Quote from tradersaavy:

There was a great point made a couple posts up: a trade setting up within 20 minutes of the call time can happen at just about any point in time on a 1 minute chart.

Walt(h)er has mentioned that the call times can be taken from 1m or 5m. THIS is where the confusion lies for me.

For example, the 10:40 call had a very small short which might have been caught if trading from a 1m chart and the exact bar break lower was caught and the exact low was caught.

However, a couple minutes later, there was a break higher for 3 to 4 points.
More...

Do not take trade exactly at trading time! Trading time is set up and your indicators are a trigger. If at of after trading time there is a signal from your indicator then you take a trade.
For this presentation I added 8period CCI divergence as an indicator( trigger ) Look at the chart and look for 8CCI divergence around 10:40. You should see it clearly. Next week I will be posting Trading times for S&P500 and I will try to put together "final " set of indicators . I have to learn to be clearer in my explanations.
Thanks,
Walter
 
Quote from Girlpower:



I have found that within a few of minutes of each of the times called so far there has been one of a number of things occur.

Dirction shift (good to get in on), top or bottom called (again good toget in on), change in character from maybe trending to chopping or vice versa (again a good signal to either get in or walk away completely) or a good entry point into a continuation.
So, I can't help but take the times seriously and be aware of the possibilities as they arrive. As to always taking a trade at exactly that point in time, I'm much less sure.


You take trade ONLY if indicators confirmed Trading Time setup. If it happens exactly at Trading Time, fine but it usually does not. It might take a while, especially after 12:00 . You have to wait for a trigger !

Thanks,
Walter

.
More...
 
I've been reading this thread and I've been watching how these times play out.

It does seem that the times are accurate enough (pretty accurate overall) at predicting some sort of playable trade within a very short time of the posted time.

Sometimes reversals, sometimes breakouts from consolidation, or continuation of trend, etc. Usually for several nq points, usually 4 or more. (sometimes much more)

Trades taken on/near these times based on the times + price action, indicators, etc., Are still just like any other trades. Place your bet, place your stop, and your define your exit point and you just might make the bux.

I'm reading statements in this thread like - this is where I'm confused - this I'm less sure about, etc.

Are these times expected to produce *certainty*? Heck, every time that I am an instant away from clicking on *transmit* order, the market whispers in my ear, "are you 'sure' that you want to put on this trade?"- kind of like windows, "are you sure that you want to delete this file?"

The best certainty that a trader can hope for is the certainty that if the trader indeed is trading an edge properly, that in the long run there will be more gains produced than losses and expenses.

Just from a couple of weeks observation and some trading on these times, it appears to me that they are accurate enough, often enough to be traded profitably in the long run. (at least so far)

On the ones that I've traded, I've been whipped on a couple of them, but have produced profits on most. I've also declined quite a few of them. Some I'm glad I did, some I wish I hadn't. (sometimes I'm taking a nap) :D But that's trading aint it.

I agree with Natalie, "It is indeed very interesting and hard to ignore."

Thanks for posting the times Walther....it's also fun to watch and see how they will play out even when I don't trade at/near them. :)
 
Quote from Walther:

Quote from Quah:



Well, I think walter said above to give or take 20 minutes.

I never said that. Do not put your words into my mouth. Unless you are trying to misrepresent...

Walter
More...

You never said that? Here is exactly what you said - "Exactly, 10:40 is a setup and CCI divergence and or MA crossover are the triggers, so actual trade might take place when divergence and or crossovers are complete which might take 10 - 20 min .."

Maybe I misunderstood - but it sure sounds like you are saying that the actual trade can take place up to 20 minutes after you "call" time.

Stop being so defensive. Your ego has seemed to grow exponentially since the beginning of this exercise.

(edited to add: You even said this a couple of posts ago - "You take trade ONLY if indicators confirmed Trading Time setup. If it happens exactly at Trading Time, fine but it usually does not. It might take a while, especially after 12:00 . You have to wait for a trigger !" Which again, is part of my point - especially when looking at signals on a 1 minute chart. )
More...
 
Once again I will make a statement from Quah's post and good point made. Walt(h)er has implied a 10 minute window before or after the call time. That would equal 20 minutes. In the post that Quah just wrote he shows a quote from Walt(h)er stating 10 to 20 minutes for the play working out. So, Walt(h)er has established a 20 minute window. This window of time just needs some explanation.

"If you get a signal near the call time, then you have a setup"

This does not work for 1m charts. There could be 4 different signals in a 20m time period on a 1m chart. If these call times are for 5m charts within a 10 minute window either side of the call time then there is only time for one move.

Walt(h)er, at 10:40 yesterday, which I have already explained in an earlier post, there was a very quick move down on a 1m chart which if you caught the exact breadown and exact bottom you may have caught 1.5. Then no later than 5minutes from the call time NQ broke out on upside for 3 - 4 points. Then, at 10:50, still within 10 minutes from the call time, you could say that there was a short.

I hope the point being made, that a 20minute window on a 1m chart does not work, is clear and perhaps provokes insight how call times may work for 1m charts. I play all my trades from 1m charts, by the way.
 
As Quah pointed out, Walther himself (likely in defense of his methods, imo) says that it can take up to 20min for a signal to be generated after the 'trading time'.

Given that Walther's 'trading times' are supposed to indicate a time when significant market activity is likely (or, going by the recent record, 20-0, guaranteed :D) to occur, my interpretation is that "at x.xxam/pm, and up to 20min after, the market will make a significant move, any move".

Well, I have a couple of points to raise here.

Firstly, there doesn't seem to be any definition of what a significant move actually is. As one of the more recent examples shows, it could be as little as 1.5 or 2 points. I don't know about you, but I would hardly call that signficant.
In any case, whatever magnitude of movement is defined as signifcant, it needs to be within the context of how the market was acting before the 'trading time'. For example, if the market had an average range of 4 points per bar over the past 10 bars then you could hardly call 2 points 'significant'.

Secondly, the time of the day of the 'trading time' must also be taken into account. Say the call is '9.35'. Well, surely you can't give THIS call up to 20min to play out -- obviously you are going to SOME significant movement between 9.35 and 9.55.
To claim that a 5 point move occurring at 9.45 was predicted by the 'trading time' is totally bogus.

I'm not saying this has been happening, just that I think if we're going to talk seriously about Walther's 'trading times' we need to be a lot clearer about what they represent and about how to measure their accuracy/value.
 
Quote from Quah:



You never said that? Here is exactly what you said - "Exactly, 10:40 is a setup and CCI divergence and or MA crossover are the triggers, so actual trade might take place when divergence and or crossovers are complete which might take 10 - 20 min .."


I just have to ask you again to stop misrepresenting. I NEVER SAID""" GIVE OR TAKE 20 MIN " Did I ? Do you see it somewhere ?


Stop being so defensive. Your ego has seemed to grow exponentially since the beginning of this exercise.

My ego ? You are the one who is trying to make it a pissing contest. Maybe you should post your trades instead of trying to get personal.

Walter

(
More...
 
Ok Walter - I'll leave this thread alone.

If you remember - I defended you and your times from the start of you posting them. This is because I do something similar with times of my own, and I understand (understood) what your times represent.

Now you are acting like I'm against you in some way - when I'm not. Your choice.

Good luck!
 
Quote from Quah:

Ok Walter - I'll leave this thread alone.

If you remember - I defended you and your times from the start of you posting them. This is because I do something similar with times of my own, and I understand (understood) what your times represent.
Now you are acting like I'm against you in some way - when I'm not. Your choice.


I just pointed out to you that you misquoted me and didnot care much about that ego crack either. So I responded in the same spirit .
Walter
More...
 
You must log in or register to reply here.
Back
Top