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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Patrick Slevin who wrote (42564)12/19/2000 11:44:27 PM
From: SE  Read Replies (1) of 44573
 
I picked two days that should be close to the action for today. The flows are similar, with a LOW, HIGH, LOW pattern. However, the days ended up decidedly different in result. One was a one way down day (10/25/00) and the other was a one way up with a tail (6/7/00).

On each day there was a high point at 11:27, give or take 13 minutes, a Low point made at 13:30 give or take 10 minutes on either side, a High point at 14:35 give or take 5 minutes on either side and a low point at 16:07, give or take 7 minutes on either side. Those times are pretty solid.

It was the degree of movement off the 11:27 high point that determined the direction. On one day the move lower set a new intraday low at the 13:30 time and set the one way down pattern. On the other day, the move lower set a higher intraday low at the 13:30 time and the pattern was up and away from there.

So even though the flows were similar, the degree of the flows made the day either an up or a down day. Gotta watch the flows during the day and adjust the trading philosophy.



10/25/00  9:40 L 11:15 H 13:20 L 14:30 H 16:15 L 1 Down
06/07/00 10:20 L 11:40 H 13:40 L 14:40 H 16:00 L 1 Up/Tail

Average  10:00   11:27   13:30   14:35   16:07
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