Hi @Reettrader

If you take a look at the DAX then the best reversal time per day is 10:30.
Means you have to cut it down to 30m charts for that instrument.

In fact there are many influences for this like
• IB = initial balance: first hour of with my system first half hour after opening
• did a gap to previous day occur?
• are important announcements that day @ 10:30 or @ 14:30?
• is it a special weekday - like the last of month / quarter?
and more

Those influence the direction of a trade tremendously.

Just find your time patterns that are a very good way for high probable gains.

GFIs1 - wishing you much "reet"!

GFIs1! I love that you are reacting here. Your Dax-journal was actually the original inspiration for me to look at this phenomenon. I very much like the idea of taking 1 trade per day. I tried daytrading 5mins, but that will give me heart attack before I'm 45. And also it interferes too much with my real job. I really like how taking 1 trade per day on set hours lets me leave the screen in the meantime.

I'm am now writing some code in Ninjatrader to test different hours of the day, and indeed different days of the week, to get some statistical info and basis. I dont think in the end this will be fully automated system, but it can make decision making much easier.

I understand gaps, they get filled more often than not. But what do you mean by initial balance?

Thanks for the inspiration! Grüezi!

GFIs1 

Hi @Reettrader If you take a look at the DAX then the best reversal time per day is 10:30. Means you have to cut it down to 30m charts for that instrument. In fact there are many influences for this like • IB = initial balance: first hour of with my system first half hour after opening • did a gap to previous day occur? • are important announcements that day @ 10:30 or @ 14:30? • is it a special weekday - like the last of month / quarter? and more Those influence the direction of a trade tremendously. Just find your time patterns that are a very good way for high probable gains. GFIs1 - wishing you much "reet"!

As a matter of fact, I immediately took a test trade at 10:30 just now (instead of at 10:00) in the Eurostoxx50 Future.

Short FESX @ 3701.

There was a gap down open, which was filled. A trading range day is expected. So now down? Lets see.

Reettrader 

As a matter of fact, I immediately took a test trade at 10:30 just now (instead of at 10:00) in the Eurostoxx50 Future. Short FESX @ 3701. There was a gap down open, which was filled. A trading range day is expected. So now down? Lets see.

A loser. Black friday. Lesson learned.


Sent using the NexusFi mobile app

Reettrader 

A loser. Black friday. Lesson learned. Sent using the NexusFi mobile app

This time oriented thing has very good relationship with events/holidays, for example we short markets in this time around or at least close portfolios as FII take money out of markets before long westerner holidays. At least that's what people believe, uncannily enough it also works for most people here.

Pacific time....

9am is 0.382 of the day
10:30am is 0.618

generally i have noticed this pattern when filling a gap or probing back into the past days value area. you can not just hope its going to reverse at these times . to trade the idea you need to be able to read tempo ..opening drive ..opening test drive ..open action .. ect..ect..

forgiven 

generally i have noticed this pattern when filling a gap or probing back into the past days value area. you can not just hope its going to reverse at these times . to trade the idea you need to be able to read tempo ..opening drive ..opening test drive ..open action .. ect..ect..

But if it reverses more often than not around that time, it’s tradable,no? I would like to see a reversal signal though.


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11am CST is the European/Frankfurt cash market close. I have an indicator which shades a different color from - Asian Open, European Open (Frankfurt/London), NY Open & the European Close. When different global financial hubs are open for business money tends to flow in & out of certain assets, especially during heavy risk on or risk off sentiment. Positions tend to be flattened in the Eurostoxx, DAX, Bund futures, etc. around 10-11am and have an indirect effect on US equities and interest rate products, as well as the Euro and other currencies during their respective sessions


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HitTheBid 

11am CST is the European/Frankfurt cash market close. I have an indicator which shades a different color from - Asian Open, European Open (Frankfurt/London), NY Open & the European Close. When different global financial hubs are open for business money tends to flow in & out of certain assets, especially during heavy risk on or risk off sentiment. Positions tend to be flattened in the Eurostoxx, DAX, Bund futures, etc. around 10-11am and have an indirect effect on US equities and interest rate products, as well as the Euro and other currencies during their respective sessions Sent using the NexusFi mobile app

Just to let you know, the European cash close is at 10:30 am CT