Trading Times for S&P 500 Tuesday-Friday

Walther · May 28, 2003

Quote from wally_:

Keep it up. Stress free trading is not a bad idea at all.

Thanks,
I believe that stress free trading is the only way to go to achieve trading longevity . I saw good traders to self destroy themselves or quit to get away from the daily stress . By eliminating stress trading becomes a fun job and this is what i want to have, a fun job trading .
Walter

Walther · May 28, 2003

Quote from Walther:

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TT for Wednesday : 9:55, 10:55est, I have very weak signal at 9:35 and 10:15 also but do not pay too much attention to these.

Thanks,
Walter [/B]

Today's price action surprised me a little. Supposedly weak signal at 9:35 was a good one with MA' and CCI confirmation and 9:55 was intermediate high.
10:15 was intermediate bottom. So much for a weak signals.
Walter

wally_ · May 28, 2003

Quote from Walther:

TT for Wednesday : 9:55, 10:55est, I have very weak signal at 9:35 and 10:15 also but do not pay too much attention to these.

Thanks,
Walter

The first call was right on the money, +4 ES in a 7 pt range, not bad at all. Now the 10:15 one could have been played too for at least 5 pts, but I did not pull the trigger. I did not expect a strong reversal, although there was a strong CCI divergence and a slight stochastics divergence on 1 min charts at that time.

wally_ · May 28, 2003

the other major call. It could have been played as a pullback for a max 2 pts on 1 min charts, but that was not as clear cut to me as the first call, because the pullback was pretty shallow, not even 38FR, but actually nothing better was possible at that time.

Walther · May 28, 2003

Quote from wally_:

The first call was right on the money, +4 ES in a 7 pt range, not bad at all. Now the 10:15 one could have been played too for at least 5 pts, but I did not pull the trigger. I did not expect a strong reversal, although there was a strong CCI divergence and a slight stochastics divergence on 1 min charts at that time.

Print chart of this one you did not take. With time you will recognize this setup and will take it in the future.
Walter

tradersaavy · May 28, 2003

I am just off today.

The 9:55 call I took as a breakout up. I watched a 1.25 gain turn into a loss.

10:15 was picture perfect. ES hit 1m 200ma support, formed a double bottom with divergence. Looked like mucho overhead resistance though and I therefore stayed out. Darn it !!!!

Walther · May 28, 2003

Quote from tradersaavy:

I am just off today.

The 9:55 call I took as a breakout up. I watched a 1.25 gain turn into a loss.

10:15 was picture perfect. ES hit 1m 200ma support, formed a double bottom with divergence. Looked like mucho overhead resistance though and I therefore stayed out. Darn it !!!!

That is the thing with TT method ,it gives just a few signals and should not be filtered any further. If you would have taken all signals today, you would be better off.
Walter

Walther · May 28, 2003

Quote from Walther:

[
TT for Wednesday : 9:55, 10:55est, I have very weak signal at 9:35 and 10:15 also but do not pay too much attention to these.

Thanks,
Walter [/B]

Well , I had to reevaluate what weak signal means. " Weak" TTsignals were the best entries today, 10:15 was days low right on time! 10:55 was confirmed with indicators also.
Not bad.
Walter

Walther · May 28, 2003

TT for Thursday are 9:50,10:35,11:00 11:25est.
It looks like a chop fest for tomorrow. Those of you, who are interested in participating in my yahoo group, send me an email or pm.
Walter

wally_ · May 28, 2003

Two of them are close to my standard times: 10:30 and 11:30, 9:50 is close to the first half an hour close, so they look pretty convincingly. We'll see what happens...

Thanks for posting.