Technically, there are ZERO problems with it. Execution is the question if I would have one. Obviously the goal of trading is to take money from other traders, but not the 'why' of the question I was asking. The above you have listed, is the Motive without the Modus Operandi. It's like if I told someone who was mechanically inclined to replace a head gasket on a typical OHV smallblock. Sure they could probably figure out how to remove all the right bolts to get at it, replace it and get everything back together. But if they don't know they are to tighten the cylinder head bolts to a specific torque, in a specific sequence and in stages so that the gasket seats properly, install the pushrods, valve-springs, rockers and torque in the firing order of the engine, apply lube in all the right places, etc... the entire process will be a waste of time. To someone "in-the-know," you can tell them the simple motive of "replace that head gasket" and they will KNOW what needs to be done. Tell that same thing to the uninitiated, and well we can imagine what happens.... ----------------------------------------------------------------------------------------------------- By "WHY," I mean WHY the first 30min and not the 2nd, 3rd or 6th 30 minute interval in the day? WHY only the first 30 min and not the first 38 minutes? Is it b/c volatility is the highest during that period? Is it because the LOD/HOD of the day is typically put in early on in the day? Is it b/c the range of that first period is typically the highest? I have been keeping detailed tabular data on an index future I like to track for years. I keep tabular data for all of the skeletal data(Daily stats, Ranges,LOD/HOD Timings, distances from prior day's prices, etc). Since you mentioned 30 minutes of the open, I will quickly slice my data into that increment and pull it up from my tables for this discussion(looking at ~3 years of data). Of the questions I asked above, I could reason why YOU made that suggestion(which may or may not be of any value) based on numbers I have... If you look at the pic (See attached "numbers")... you can see in the green bars which shows how often the FIRST major timing of the day(LOD/HOD) occurrs in each of the 30 min timing windows in a RTH session. Indeed 57% of the days have the FIRST MAJOR LOD/HOD occuring within the first 30 minutes. If you observe the multi-colored plot, you can see that of course, on average, the first 30 minute period seems to have the highest range. In the lower right hand corner, you can see the Avg Daily Range based on the days that I randomly chose sitting right at around 150 tics for the YM. Lastly, you can see the distribution of the Daily Ranges in orange. Again, I'm not saying any of these numbers I'm showing are important. It is to get at the question of WHY you would suggest the "Motive" that you did? Along with the skeletal price details, I keep tabular data of intraday price movement of the actual gyrations using several distance filters for reversals. E.g., on Friday the YM RTH session had a move directly off the open(-2 tics) of 48tics up, 106tics down, 54tics up. Similarly that same date from 2014, the sequence was a short move of 26tics down(13 below the Open), 51tics up, 214tics down. See pic 'gyros' for what this looks like on a chart, although I keep this data daily in tables. This could be related to the 'volatility' question I posed. These particular questions aren't important, but just an example of the" WHY" I meant by my question. ------------------------------------------------------------------------------------------------------ As to the "HOW..." 1. Trade first 30 min -- Open or close all trades in that half hour, or just initiate there? 2. Pick instrument with adequate range. -- What is 'adequate?' 3. Set your risk parameter per trade. -- Based on what exactly? 4. Trade -- What triggers a potential entry(most important)? What triggers an exit?
Well, after getting an envelope and a pen, I can say that Yes, they are the same lengths on both the long and the short sides, but I can not say that they are one and the same table without further information.
Lots of questions. First, let us look at your interpretation of my words. How did you make out that I suggested a "Motive without the Modus Operandi."