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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: TraderAlan who wrote (5059)	10/27/1999 11:21:00 AM
From: Matthew L. Jones	Respond to of 18137

Thanks, Alan. This night session stuff is new to me. Matt

To: TraderAlan who wrote (5059)	10/28/1999 7:49:00 PM
From: TraderAlan	Read Replies (3) \| Respond to of 18137

One time issue that is very interesting to me is morning vs. afternoon trade entry. For years, the majority of my positions were late morning. This year, 80-90% of my trades have been afternoon. Part of it is the noisy swing, i.e. there has been so much fakeout in the first hour or two that it's been hard to read the trend. A day like today is an exception since the buying power was so strong, it overwhelmed any insider who wanted to play fade games. Afternoons have been easier, by 2p or so, since it's poop or get off the pot time for trending issues and I can usually find nice cup and handle plays or clean breakdowns. How does this sound as a thesis on current morning/afternoon action: the best morning trades tend to fade the apparent trend and the best afternoon ones follow the apparent trend? Or is this too simplistic? I'm chaining myself to my desk and forcing my eyes open, like the guy in Clockwork Orange <g>, to follow and trade the morning until I get the hang of the current vibe. Doesn't mean I'll be in at the open but at least pull a few triggers by 10:15a or so. Alan