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

To: TraderAlan who wrote (5064)	10/28/1999 8:00:00 PM
From: Don Pueblo	Read Replies (2) \| Respond to of 18137

That's a good observation. I break things down into three time segments, open to 10:30, 10:30 to 2:00, and 2:00 to close. As you know, the period between 3:30 and 4 can be pretty wild too. These time segments help me make evaluations about the overall trend on a particular issue versus the indices. I actually figured it out when I did a complete analysis of my trades over a one week period and discovered that the trades I made between 11 and 2 were consistently higher percentage losers. I'm not implying that one time segment is better or worse; I LOVE the mornings before 11, whereas you do better in the afternoon. Just pointing out that for me, breaking the day up helped me analyze my trades and filter out the less successful stuff.

To: TraderAlan who wrote (5064)	10/28/1999 10:28:00 PM
From: E. Davies	Read Replies (1) \| Respond to of 18137

Re: Morning vs. afternoon trading What I have found is that the afternoon is when the larger buyers/sellers tend to step into a stock. I don't like trading then as much because you are dependant on predicting the movements of even as little as one person. I like the statistics of many people operating. The mood of the masses are easier to follow than the choice of a single person. Eric

To: TraderAlan who wrote (5064)	10/29/1999 1:25:00 AM
From: fftrader	Read Replies (1) \| Respond to of 18137

TraderAlan,<morning vrs. afternoon trading> I find it also very interesting, one that I am constantly pondering. The following is what I have discovered so far,hope it works. At the opening some of the best plays appear to be off gaps. These appear on more volatile days such as today(28th), otherwise we may be only looking at continuation type formations based on prior trading days S&R,etc. Two of the books that I have read recently touch on this subject indirectly. First is "stock patterns for daytrading" by Barry Rudd. In the majority of his daytrading graphic examples he is only entering trades after a 5 or 6 bar consolidation(from opening)which equates to 25 to 30 min(he uses 5 min. charts)after the opening (min.)He then plays breakouts based on S&R of that day or sometimes the prior day. Second is "Street Smarts" by Conners & Raschke.Two of their best formation/setup plays can be played intraday(Turtle Soup&TSplus1). These take 20 periods to develop, so if you are looking at a 5 min. chart then 20 X 5 = 100 min.(Min.)= later morning to develop. Everything considered,I'll probably end up trading late morning and afternoon(skipping east coast lunch)especially as here on the west coast 6:30 opening comes very early!! My wake up call is Maria B(CNBC) not the computer.I'll let her get me up........... ff