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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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To: Chip McVickar who wrote (11878)2/12/2008 6:00:00 PM
From: Patrick Slevin   of 12410
 
No, I've crossed numbers & markets. Haven't set up the scans on TS as yet so I'm prone to mucking it up.

130 minute would be the Cash, 135 minute would be the Future so 45 minute on the SP Future.

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I look at the patterns based on the old Day Sessions, 9:30 EST to 4:15 but except for the one chart that is set up to see the Day Session all of my charts run as 24 hour charts.

Been thinking about setting up 24 hour charts but using Tick bars so the Night Session will be diminished in importance. For example, if you rely on MACD or Sto or RSI et cetera the Night Session flatlines or otherwise goes askew.

So using Tick bars the night session becomes shorter for the chart & more meaningful. Take for example 2,000 Ticks as a bar. You'll have fewer bars at night, the most in the morning until 11 AM or so, then another light session and finally a more active session up until 4:15. The Chart has to "break" for Daily reckoning somewhere so the last bar will be less than 2,000 Ticks.

I haven't created a database where I can get a sense of 24 hour patterns yet, so I try to trade based on what I think the Day Session (9:30 to 4:15) will be. But I have to create something else. The 24 hour chart has become more important.

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Momo = momentum trading.
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