Trading Times for S&P 500 Tuesday-Friday

Discussion in 'Trading' started by Walther, May 26, 2003.

  1. 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.
     
    #41     May 30, 2003
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    #42     May 30, 2003
  3. 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
     
    #43     May 30, 2003