Trading times for Monday trough Friday

Walther · May 22, 2003

Quote from amg:

Certainly won't quibble with the 14.25-- the was "the" turn given that most of the day was, again, spent in churn. However, the 10.40 time was a dud, IMO, as it was truly minor and in the middle of a run. The 11.15 got a turn, but again, it was in the midst of a wiggle that wasn't resolved (in a minor way) til 11:54, or with emphasis at 14.25.

Please don't take this as negative criticism. A good cycle system will have a few duds now and again.

Sorry but no duds here
If you look at the chart, there was range about 7 points from about 11:00 till close. How can you have anything significant in that kind of a range ?
Point is there were CCI divergences right on time and experienced trader who believes in trading times could scalp for 2-3 points .
Thanks,
Walter

kernan · May 22, 2003

Quote from Walther:

Sorry but no duds here
[/B]

We must be looking at two different charts. The last call was good, the first two were not tradeable, IMO.

I am not criticizing you either, and appreciate you sharing. But, you seem to be getting cocky Walther!!!

Walther · May 22, 2003

Quote from nkhoi:

depend on how wide is your stop is, it may or may not work

Thanks for the charts, but this week trading times analysis is done for Nasdaq100. Most of the time you can trade Nasdaq from Dow or SP and vice versa but last two days that was not the case. It shows little better on Nasdaq100 charts, look at 8 period CCI divergence at these times.
Thanks again,
Walter

Walther · May 22, 2003

Quote from kernan:

We must be looking at two different charts. The last call was good, the first two were not tradeable, IMO.

I leave decision to enter trade up to the individual trader, scalper could make 1.5 point on each of the first two trading times, others could not. Good thing is that trading times will not put you on the wrong side that often. So far we have about 20 calls and not even one incorrect.

I am not criticizing you either, and appreciate you sharing. But, you seem to be getting cocky Walther!!!

Because I didnot agree with that dud classification ?
Walter

nkhoi · May 22, 2003

2 things;

1) you need a matching end quote when you quote thus for amg quote you need [/QUOTE] for it to show up properly

2) when you post trading times specify for which market if not too much trouble.

Girlpower · May 22, 2003

Quote from Walther:

Thanks for the charts, but this week trading times analysis is done for Nasdaq100. Most of the time you can trade Nasdaq from Dow or SP and vice versa but last two days that was not the case. It shows little better on Nasdaq100 charts, look at 8 period CCI divergence at these times.
Thanks again,
Walter

In defence of Walter here.

I've just pulled up a 1 min chart of NQ and looked at 10:40 EST with 8 CCI.

At 1540 exactly there was a tiny short scalp for 1-1 1/2 points, However, there was a very tradable long for 3-4 points at 1043/1044 EST with a good CCI signal. Yes, it was a continuation inside a bigger trend, but nevertheless there. In my view a good entry point into a relatively low risk trade. Take a look at the 1 min NQ to see it. Also - he did state at the beginning of the week he was calling times for Naz and not ES or Dow.

Also, I'm sure he can be forgiven for being there 2-3 minutes early (in time to see the signal and take the trade)...

Natalie

Walther · May 22, 2003

Today's range from 11:00 till closing was so small that I was thinking of just not posting any trading times . It would be nice to take Friday off. But I just squeezed two trading times out of nowhere. Here they are :
Trading times for Friday : 9:35 and 10:10est.

Next week I will do S&P500.
Thanks to all for participating !
Walter

Quah · May 22, 2003

Quote from Walther:

So far we have about 20 calls and not even one incorrect.

Perhaps you can explain the criteria you are using to determine if a call is "correct" or "incorrect".

kernan · May 22, 2003

Quote from Walther:

I leave decision to enter trade up to the individual trader, scalper could make 1.5 point on each of the first two trading times, others could not. Good thing is that trading times will not put you on the wrong side that often. So far we have about 20 calls and not even one incorrect.

Because I didnot agree with that dud classification ?
Walter [/B]

I did not call you or your calls a dud.

Here is the deal - if you are coming up with trading times for scalps, that is great. I still disgree on the first two calls being tradeable - you take the best case scenario (in and out at the lowest/highest point). If your rules are take a quick point at the time, ok. But, I was under the impression the trading times were MORE significant than that. I probably came to that impression on my own - sorry.

Quah · May 22, 2003

Quote from kernan:

I did not call you or your calls a dud.

Here is the deal - if you are coming up with trading times for scalps, that is great. I still disgree on the first two calls being tradeable - you take the best case scenario (in and out at the lowest/highest point). If your rules are take a quick point at the time, ok. But, I was under the impression the trading times were MORE significant than that. I probably came to that impression on my own - sorry.

There lies the rub. A "call" will only be proven correct at the exit - the the "calls" as we get them are only for the entry.

If the "call" is intended to give only 1 or 2 NQ points, then you are right - they can't be that significant. I also assumed the times were supposed to be at significant points of reversal or continuation.