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Steve.
I ditto Earl, and I would go even farther and say nothing happens until
2 PM eastern when Chicago comes back from lunch. I do think some set-up
occur, such as stop running in the 1 to 2 pm time zone.
Don
Earl Adamy wrote:
>
> Futures indexes generally trend the most up to 11a and after 1p Chicago
> time. 11a-1p is often range bound and dead money time or worse yet, time
> to get stops run.
>
> Earl
>
> ----- Original Message -----
> From: "Steve Roberts" <steve80866@xxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Saturday, March 11, 2000 10:33 AM
> Subject: [RT] Best Time of Day for Trading?
>
> > Time for my weekend ponderings: I've been working on a congestion
> breakout
> > technique that exits at a price objective, applying this to the 5
> minute
> > e-mini and the Small Nasdaq. I've been noticing that it often works
> much
> > better in the first 2 or 3 hours of the session. Now, this may be
> wishful
> > thinking, since I'm a part time trader and spending a couple hours
> with the
> > market and then heading for the office appeals to me, but I wonder if
> there
> > is anything to this?
> >
> > Can anyone shed any light on time of day trading? When would it be
> most
> > likely, and when would it break down?
> >
> > I expect it would break down when the market is quiet while waiting
> for
> > reports or Greenspan to speak. Other thoughts on this?
> >
> > Thanks,
> >
> > Steve
> >
> >
> >
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