How to find trend in Global emini sp

January 13th, 2010, 11:03 AM

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.
THANKS
Masood

January 13th, 2010, 12:58 PM

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.

January 16th, 2010, 08:25 PM

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
Masood

How to find trend in Global emini sp

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How to find trend in Global emini sp