Trading times are designed to be profitable. Not significant of glamorous. Just safe and profitable . Good enough for average Joe who wants to trade and not to lose his butt . Safe and profitable method even for beginner trader. I consider trading time call correct when there is either 8 CCI divergence or 10 or 21MA crossover . You understand that if I make that call one day ahead all I am looking for is a reasonable accuracy. If I can do these kind of calls one day ahead, It is reasonable to expect that I can be more accurate lets say 10-20 min ahead ? Thanks, Walter
I would consider it correct if it presented an opportunity to make money. Not if some indicator showed something on a chart. Again, if you are just looking at scalping a point at the trading times, more power to you. I misunderstood the system and the significance of each time. Sorry for all of the confusion.
My understanding of the times being called is that about that time, there will be a good setup for a reasonable trade. So far, at around the time of Walter's calls there has been a set up that has worked out well. However, it has not always been exactly at the time given, and more often been a few minutes away (either side in fact). I see the times as approximate and a useful guidance. I would certainly never try and place a trade exactly at those times unless there happened to be a good signal at exactly that time. It's the signal that counts IMO not the precise moment it occurs. Ok, now Walter, I do think you need to be very clear about what you are expecting from the trading times, so as there is no more confusion, and also be clear as to whether you are calling exact times or whether there is a small window of time involved in which a signal is likely to occur, because I am unclear on those myself. Thanks Natalie
Well, I think walter said above to give or take 20 minutes. Now, using a 1 minute chart of NQ, I'd expect there to be a signal of some sort within 20 minutes of ANY TIME given. Using a 5 minute chart or NQ, the signals will be fewer and farther between. So giving a time where there is a signal within 20 minutes on a 5 minute chart would be more significant. So again - it depends on what the point of this is.
When Walther posts ES times next week make this observation: 1) 1 hour before the projected time spreadsheet the price of the ES. 2) 1/2 before the projected time spreadsheet that price too. 3) Subtract #1 form #2 if the answer is positive go long 20 min before Walther Signal time. Short for vice versa. 4) Track the MAE MFE and calibrate your stops and targets based on the statistical iformation. Perhaps Walther has some times to backtest with. 5) Subscribe to Walthers service (Trading Times) when he gets it up and running. 6) Buy Metoox's house in the Bahamas after he moves to europe. Michael B. P.S. If a person is willing to post like this one day before the trade...it is worth looking into. The information that Walther is posting is enough for me to do further study with....and Thank you Walther
There was a great point made a couple posts up: a trade setting up within 20 minutes of the call time can happen at just about any point in time on a 1 minute chart. Walt(h)er has mentioned that the call times can be taken from 1m or 5m. THIS is where the confusion lies for me. For example, the 10:40 call had a very small short which might have been caught if trading from a 1m chart and the exact bar break lower was caught and the exact low was caught. However, a couple minutes later, there was a break higher for 3 to 4 points.