Let me rephrase the above, as it says something I didn't mean. It is really cool to see these cycles 24 hours in advance and to be able to plan ahead. The quoted text implies that the above mentioned cycles also existed the day before, and carried through to today. That is not what I intended to say. Throwing out the day before, I can pull up a chart of tomorrow's anticipated cycle activity, and know where the cycle lows and highs are anticipated to be. That is what I meant.
1011 CST A cluster of turning points, cycles and Gann stuff is pointing to 1114 CST as a time of significance in the ZB. This is different than my best time to buy or sell. Just an FYI that something may happen at 1113 to 1114. Can't predict the size of the move. It may just be a small blip like yesterday's final posted times.
1120 CST A bit of a tough call but I sold 1 ZB 107 01 with a tight stop at 107 05. I think we will drift down with the larger multi-hour cycle I've been talking about. If we don't have a break below 106 31 within an hour I'll exit.
1158 CST and 1210 CST are two small cycle peaks that then become in-phase with the larger hourly cycle pointing downwards. I'll hold my short until then but if I get stopped out, I think I may call it a day.
I'm doing this in a rush, but I just wanted to show what happened today for the record. 1) Note the above quote, in particular the 1210 CST and the larger hourly cycle reference. 2) Albeit, early and stopped out, note my short position. Attached please find an Amibroker JPEG where 1310 EST is marked with a red line.
After market report for Thursday 28 June 2007: The only real solid trade based on my research into price, time and cycles was the 1210 cycle peak mentioned. My larger hourly cycle kept us in the proper frame of mind for the overall trend. What am I doing these days? I divide my current studies into the following areas: 1) I continue looking for the single best time to buy and the single best time to sell on any given trading day. I've discussed this thoroughly already. 2) I'm currently studying Gann (heavily), and Elliot Wave (moderately). 3) Based on item two, as well as several books. I'm now considering the relationship between price and time. If you would like proof positive that price and time are related, and can be predicted, I point you to 1210 today, Thursday 28 June 2007. That time was based off of a cycle high several days ago, a certain count of minute bars that spiraled out from that top. I inadvertently minimized the signficance of this time point by calling it a minor cycle peak. It was in fact a major point in time due to its distance from its most recent time point nearest neighbor. I posted in my first journal about price projection numbers I would use that were similar to Fibonacci, but different. I've always used these numbers to project price levels. Now I will be using these numbers to project future points in time. 4) I'm looking at longer term hourly cycles based on a specific slice of the trading day. There really is a sweet spot time range for a trading day when taking into account the incrementing of bar counts from swing highs and swing lows on the hourly bar chart. The 24 hour day doesn't work. How many hours, beginning where and ending where are the three important questions you must answer. 5) I'm looking at a time series and then trying to determine if a pattern within that time series will repeat forward into the future. 6) Occasional discretionary trades following the standard setup I've discussed repeatedly in this journal, i.e. the retracement trade posted here: http://www.elitetrader.com/vb/showthread.php?s=&threadid=86414&perpage=6&pagenumber=112 . 7) I'm beginning to trade the YM based on MoveTimer's journal. The thing about the YM is that my average trade is lasting maybe 1 to 5 minutes. The equivalent trade in the bonds would run 30 minutes to 2 hours. There is good and bad in that observation. One good thing is I'm able to capture more than my upper range of the equivalent bond trade, and do it in less time. The bad thing is that the YM will turn in a matter of 1 second and be against you.
I took a discretionary trade short 2 ZB 107 12 at 0800 CST. Just looking for a few ticks. Major trades will come later today.
0847 It would be interesting to find out what that was all about. For those following later we went up and down roughly 8 ticks very quickly. More of a Dow futures move rather than a bond move.