Discussion in 'Trading' started by Walther, May 14, 2003.
Walther, can you tell something about your stops and profit targets.
Thanks for time update!
Does that mean that 12:15 was "cancelled"?
... ever hear of the magic 8-ball??
Just made another 1.5 pts, beautiful !
Total up 4 pts.
Will see what 14:35est bring us!
My stop is closest high or low or $ 200.00 whichever comes first.
Profit target will be depending on what do you trade, average intraday swing in Dow is about $ 400-500.00 so I would exit at 250-300.00 but it just depends.
Trading times are designed to assist traders with their methods already in place so I do not want to get much deeper into stops and such.
Next time a proctologist with a flashlight will show us where the times come from.
No cancellation, 10:10 and 12:15est trading times were posted yesterday and after analyzing price action after opening I added 14:35est. as an another trading time. I never cancel trading times , indicators keep me out if not done correctly. I am sure that in the future I will make a mistakes in calculations , but am having drink only after I do analysis for the next day so that should help a little.
You could see that both earlier today's trading times can be considered as good calls using 21MA as directional tool.
I wasn't questioning the times - was just confused because you said the "NEXT" time was 14:35 - and you said that before the 12:15 time hit. Thus, the "NEXT" time was really 12:15, and you added 14:35.
No problem. Just wasn't clear on what you were trying to say.
What were we supposed to do at 12:15 EST according to your system?
I dont get what's so hard to understand about this - walt's explained it over and over again.
The "times" are not a system. You are not supposed to do anything specific based on the times. He is suggesting that most system signals will work better at or close to the times he is giving. He is suggesting that you use these times to filter your own systems signals and see if those signals seem to work better at these times vs. any other times.
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