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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Patrick Slevin who wrote (42173)12/13/2000 9:22:28 AM
From: SE  Read Replies (3) of 44573
 
I hesitate to even post this today as the patterns are mixed as to direction today. That is not unusual on the first cycle day. This is what I have typed out for myself as my "cheat sheet" for trading on the day. I hope it doesn't confuse too many too much, but the analysis will be done during trading following what is below.

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One Down Day:

Early Point could be a high or a low and will come around 9:50 give or take about 15 minutes. If a low point, the inversion will happen between 10:30 and 11:30 with the low coming late in the day after 15:00, around 15:25 as an average.

One Way Up:

Early point normally a high at 9:40. In this pattern there is always an inversion that comes at an average time of 11:23, but when the first point is a high, more normally at 10:00 to 10:50. The late high comes at the close. If the first point is a low, this pattern could still present itself with a late inversion and muted move to an early point 2 LOW and a move up to the close.

Trading Points:

If early point is a high point, look to short. Once short be careful from 10:00 to 10:50 for a reversal. If the reversal comes, get long as we past the point 1 HIGH for a ride to the close.

If early point is a low point, look to go long. Once long, be careful from 10:30 to 11:30 for a reversal. If the reversal comes, get short as we pass the point 1 LOW for a ride to at least 15:00.
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