Trader's clock: Benefit or bogus?

Discussion in 'Trading' started by toad57, Aug 14, 2002.

  1. toad57

    toad57

    A picture is at: http://www.millennium-traders.com/daytra5.jpg

    My main question is this: Do you feel the timeframes depticted by this device (I know, you have to squint) are accurate or worthwhile? green=OK, yellow=CAUTION, red=DANGER
     
  2. Oh, gaawwd yes. This clock is so cool I have one in every room
    of my house to remind me how cool it really is.

    :D
     
  3. It's a benefit;if thats the traders clock that is in some books-''mid day doldrums'' etc...[danger,dont trade then]:cool:

    If and only if you know a stock well,you can tell that your stock sometimes is making a genuine[not mostly fake ]
    move at lunch,have traded a well known stock well then.

    ______________________________________

    Bottom line,there are [some high probability] logical moves that overule it,but good general guide.:)