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Trading times for Monday trough Friday
- Thread starter Walther
- Start date
Quote from Walther:
10:30 est was a correct call we got CCI divergence right on time.
It would be more like a scalping trade against trend so I do not think that many traders would take it.
13:35 was a correct call also with indicator confirmation .
It is a tug of war over control of direction of the trend . we will se what happens around closing.
Walter
Looks like a war of attrition going on...
Natalie
I meant "funneling" in the sense of "narrowing to", "concentrating on", "focusing on". I just don't get all too many occasions to use the word "funneling".Quote from walther:
What do you mean by " funneling " ?
But anyhow, I take it the answer to my question about funneling your indicator to work with individual equities, as suggested by Seykota, would be, "no", that you're seeking to explore your indicator as a general "all high probability setups are welcome" approach dictated by the indicator's signal (time). In that respect, I would think your indicator is to be viewed much like the TICK, in that it indicates a sentiment of direction that may be used to gauge entry time.
That being the case, since, unlike the TICK, which displays the amount of upticks vs downticks, your indicator has to do with time, perhaps you'd consider naming your indicator the TICK TOCK.
Quote from kgharris: Why 72MA? Thanks!
It's 4x18, and 18 is the Bollinger band width I prefer, when I use them.
I really don't think the 72 ma is anything magical, but its value lies in being sufficiently large on any time scale to remind the trader of the next higher time frame. EG, a 72ma on 5m is 24ma on 15m chart or 12ma on 30m chart. If you like something more geometric, like a Fibonacci number, you could use 89. Again, nothing grail-ish. amg
Quote from kgharris:
Walther - what is CCI divergence? Sorry if you have talked about this elsewhere...
Commodity Channel Index is an indicator, when it moves in opposite direction then price that is called divergence.
Go to Equis.com and use search box. They have almost anything there.
Walter
Quote from gms:
I meant "funneling" in the sense of "narrowing to", "concentrating on", "focusing on". I just don't get all too many occasions to use the word "funneling".
LOL
But anyhow, I take it the answer to my question about funneling your indicator to work with individual equities, as suggested by Seykota, would be, "no", that you're seeking to explore your indicator as a general "all high probability setups are welcome" approach.
From what I posted so far it might look like that I just want to make it as simple as I can.
1/ Trader get trading times one day ahead.
2/ 10-20 min before posted Trading time is due trader starts computer and looks at action.
3/ If At trading time set of indicators confirms a trade, trader places trade.
4? If at the time of Trading Time set of indicators does not confirm a trade, trader will jump into swimming pool or shoots pool till next trading time is due.
These posts are just an introduction, there is much more to it .
. Ask yourself a question : "If Walter can predict intermediate tops or bottoms with good accuracy, one day ahead, Can he be more specific when Trading time is 10-20 min away ?
In that respect, I would think your indicator is to be viewed much like the TICK, in that it indicates a sentiment of direction that may be used to gauge entry time.
Not at all. Trading time is a setup, set of indicators is a trigger.
TICK, which displays the amount of upticks vs downticks, your indicator has to do with time, perhaps you'd consider naming your indicator the TICK TOCK.
LOL, I actually prefer european spelling TIK- TAK
Walter
Quote from Girlpower:
Looks like a war of attrition going on...
Natalie
And on and on, I hope we do not have to wait too much longer for resolution of this fight.
Trading time of 15:10 was right on time , good CCI divergence ( I fired MACD today )
Trading times we correct but I feel that only two later trading times ( 13:25 and 15:10est) were tradeable.
Today count : 2correct ,tradeable , 1 correct, not tradeable( unless you are a scalper )
Walter