All times are cst:
To find a trend we look for major markets that open ,trade and influence each other:
1:ASIA 3:30 P.M. TO 3:30 A.M. NIKKI opens at 7:00 p.m and Hang SANG at 9:00 P.M.
2:EUROPE 3:30 A.M. to 8:30 A.M.
3: U.S. morning 8:30 A.M. to 12:30 P.M.
4: U.S. afternoon 12:30 p.m. to 3:15 P.M.
The concept is that the first 30 minutes of open of each market set the tone for the hours that follow. So to find a trend we have the following half hour windows:
1: 3:30 P.M. to 4:00 P.M.
2: 3:30 A.M. to 4:00 A.M.
3: 8:30 A.M. to 9:00 A.M.
4: 12:30 P.M. to 1:00 P.M.
The following 2 users say Thank You to masood for this post:
Masood - am not trying to pick on you.
lot of days, it retraces or reverses after 30min open trend and sometimes the reversal is strong enough to even change 15min/30min trend reversals. Like what happened today, it was downtrend in first 30mins but has been strong reversal and long trend on ES. just from my eyes.
Well, I agree with you but these periods, I mean 30 minute periods can be considered as reference bars and could weigh heavier on establishing a trend for that perticular day. Iappreciate your observation and kindness to point that out.Thanks