Trading Times for S&P 500 Tuesday-Friday

[wally_]

Quote from tradersaavy:

Wally, what is the general concept of what you do to put on a trade. I didn't know there was much else other than pivots and s/r. I wouldn't know when to trigger a trade without them.
Thanks.

The pivot and R/S are fine. I was once using a fine mechanical system based on the pivot and MAs.

I trade within a mechanical system that involves MAs and PSAR, but you can look for setups based on CCI or stochastics divergences, and MAs crossings. Divergences can sometimes be false starts so it's good to use MAs as a confirmation that a reversal in trend has started. Commonly used MAs: 8, 13, 21, 34. All are Fibonacci numbers, but 10, 20, and 50 are used too. 50 is too large, I would say, but anything between 10 and 30 should work fine.

 

[wally_]

Quote from Walther:

Quote from wally_:


Wally,
How many of your entries coincided with those posted TT this week or previous weeks ?
Thanks,
Walter

Walther,

I really don't know because I was not following your TT very closely in the past. This week more closely than before, and a few of my entries were very close to those suggested by your TT.

The last one in coincidence with your times was 14:35, a good entry using my criteria would happen at 14:36 or 14:37. It would be a short for some 2 ES pts.

Thanks,
Wally

 

[Walther]

Today was ok. 9:45,10:55 and 14:35 were good TT, 10:25 and 14:10est never got confirmed by indicators.
This week we had 11 good TT and 4 not confirmed TT . If you keep stops at less then 3 points you would have a 1 loss.
Next week i will stick with S&P 500 to complete 4 weeks.
So far there was 29 correct TT 9 not confirmed by indicators TT since 3 weeks ago. From 29 there were 2 losses if you had stops less then 3 points. That is 90% hypothetical winners, so potential is there.

Interest in forming yahoo group was little bit less then I expected but I value very much every person who expressed an interest and will go ahead with it after I complete the next week.
Walter