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> hi,
>
> Im thinking wether limiting trading to/or excluding certain times of the
session
> maybe better for various reasons and would like to hear what INTUITIVE
and
> SYSTEM traders think about it:
>
> IMO special times in S&P :
>
> first hour
I would be very cautious in the first 15/20 minutes but as the main move of
the morning and even the whole day can start around the 1st half hour I
think you will struggle to get on board any move if you don't trade within
the 1st 60 minutes. Unless you are trading some breakout type strategy
> first 2 hours
same as above but more so!! The first two hours is the best time to trade
for me.
> last hour - after bond close
last hour can be very erratic or very dead. even earlier on a Friday.
Either way I would not want to be involved. I do enter any new trades in
the last hour. If the market is active in the last hour the move usually
started well before that. I am usually fairly tired by then anyway and
probably not thinking straight.
>
> Would you recommend to EXCLUDE those times, especially the first hour ?
> (after a first trend has establiched ?) or JUST trade the last hour ?
>
> Im not trying to be even more lazy but CONCENTRATE better on SAFER (if
> there is such thing) periods of the day ?
>
> thoughts ?
>
I am cautious in the lunch time. If ADX drops below 15 during the lunch
hour then I wont try and guess which way it will break I just wait for it
to happen. I don't want to be part of the Local's lunch :-). The squawk
will tell me how full the pit is and how many big locals there etc which
also gives me a gauge.
It seems to me that the S&P consists most days of 3 moves. Morning one
starts around 10am then corrects during lunch, say 1200 onwards.
Afternoon move starts usually around 145/200pm.
rgds
Philip
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