What do you guys do at 11:30?

[masonyes]

I am basing this theory off the small number of stocks that I've reviewed but it seems like that stocks seem to dip around lunch time usually to their day-time low. Am I crazy?

 

[Bakinec]

Why doesn't the NYC lodge take my application? These idiots think 1 year's difference going to make much difference?

Midday is range time, at least for index futures.

 

[nazzdack]

Quote from masonyes:
----this theory.....small number of stocks....
----stocks seem to dip around lunch time usually to their day-time low.

1) Small Sample Bias?
2) Stocks should do "that" during a downtrend.

 

[foxridge]

I am an index trader. I stay away from the doldrums. The ranges provide many traps. Once I realized that 30% of stop-outs occurred during this period- I abandoned it and has greatly increased my overall gains.

I do not enter a new trade after 11:15 am.

Of course, every strategy requires some flexibility. On certain days the EU has some emergency announcement or there maybe a long-term Fib trend that was hit causing a reversal. Therefore, I will set price alarms outside the existing range and I will receive a text page to "get back to work".

I hope this helps.

 

[Petsamo]

11:30 is when Europe's markets close. Europe's markets should close at a certain area. After that, the US markets are free to do what they want. Before 11:30, both markets generally move together.

 

[u21c3f6]

Quote from Petsamo:

11:30 is when Europe's markets close. Europe's markets should close at a certain area. After that, the US markets are free to do what they want. Before 11:30, both markets generally move together.

I eat lunch.

Joe.

 

[risky63]

warming up on the driving range.

 

[Petsamo]

Quote from u21c3f6:

I eat lunch.

Joe.

At 10:30 central time (my time) my eyes are glued to the monitor.

 

[Restricted]

Buy reits hand over fist. Just like every other day. What else would i be doing?

 

[equitydaytrader]

Quote from foxridge:

I am an index trader. I stay away from the doldrums. The ranges provide many traps. Once I realized that 30% of stop-outs occurred during this period- I abandoned it and has greatly increased my overall gains.

I do not enter a new trade after 11:15 am.

Of course, every strategy requires some flexibility. On certain days the EU has some emergency announcement or there maybe a long-term Fib trend that was hit causing a reversal. Therefore, I will set price alarms outside the existing range and I will receive a text page to "get back to work".

I hope this helps.

after 6 mos. of professional trading i have adopted this strategy as well and i trade in equities only. after 12p cst no more new positions, but i do keep an eye on a few stocks if i'm expecting a big movement.