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Howard,
Would you mind taking just a few minutes to help me understand exactly
what you're saying:
At 12:07 PM 7/28/2001, you wrote:
>RT's;
>
>I think time of day is one of the most critical elements of finding good
>trades in the SPoo's. The liquidity is there in the first hour and 1/2 and
So... you're saying trade from: 7:30 a.m. to 9:00 a.m. MST? Then take
a break.
>ususally the pit starts filling in again around 2 to 2:30 est.
Then trade from 11:00 or 11:30 a.m. MST... but til when? Close?
>I used to sit there ALL day watching the market. I felt I MUST put in a
>"full" day. An very successful experienced trader pointed out the problem
>with this compulsion... boredom (leading to initiating trades that shouldn't
>be taken for the reason of "If I'm sitting here I should be trading")
>burnout (reducing concentration levels during times of day when you should
>be most focused), and frustration (caused by watching random moves/trends
>that you miss but don't fit your trade criteria to begin with).
Excellent advice... but I'd like more clarity about WHEN you trade the Spoos.
>I also believe that Market Profile helps in identifying the type of day from
>the opening tick through watching the development of value areas and daily
>range.
What is "Market Profile" and where can I learn to use it?
>Howard
For what it's worth, I've attached a Word 97 document that contains jpegs
of an article that recently ran in active trader magazine. It's called
"Putting
Time On Your Side". I found it more confusing than helpful. He divides the
day into "red zones", "yellow zones", and "green zones".... which works
for me... but then he divides them all into 14 different zones, all spread
throughout the day.
Anyway... I want to thank you again for telling me about Patrick Spears.
I've had a very, very positive experience with his brokerage firm since I
switched to them.
I am extremely grateful to you for hooking me up with such a great broker!
I love it!
Warmly,
Brian Keith Voiles
> >From: "Michael Ferguson" <wl7bdn@xxxxxxxxxxxxx>
> >Reply-To: realtraders@xxxxxxxxxxxxxxx
> >To: <realtraders@xxxxxxxxxxxxxxx>
> >Subject: Re: [RT] Fri aftn
> >Date: Fri, 27 Jul 2001 14:21:04 -0500
> >
> >Thanks Earl
> >
> >That's a good one, reminds me of when I was learning to fish commercially,
> >something I did by buying a fishing boat and discovering all the mistakes
> >it's possible to make in the world's oldest profession. It was a matter of
> >years before I discovered the mechanism by which I could drive around and
> >avoid the schools of fish. Now that I know what to look for it is easier to
> >find them.
> >
> >I am pretty good at avoiding good trades in the same way; I trust my
> >"dogged
> >perserverence" will eventually train me to troll into the good ones, which
> >phrase was triggered by your barking dog.
> >
> >
> >
> >
> >----- Original Message -----
> >From: "Earl Adamy" <eadamy@xxxxxxxxxx>
> >To: <realtraders@xxxxxxxxxxxxxxx>
> >Sent: Friday, July 27, 2001 14:07
> >Subject: Re: [RT] Fri aftn
> >
> >
> > > My comment brought something else to mind which might be worth sharing.
> >When
> > > I have my data feed running and I'm sitting there watching it, my
> >instincts
> > > are akin to a beagle ... if something moves it's time to bark and hunt.
> >I
> > > refer to it in my trading notes as "Barking Dog" syndrome and is the
> >number
> > > 1 item in my list of losing habits. I find that aside from self control,
> >not
> > > watching the market when it's wandering is a good cure.
> > >
> > > Earl
> > >
> > > ----- Original Message -----
> > > From: "Earl Adamy" <eadamy@xxxxxxxxxx>
> > > To: "Realtraders" <realtraders@xxxxxxxxxxxxxxx>
> > > Sent: Friday, July 27, 2001 1:00 PM
> > > Subject: Re: [RT] Fri aftn
> > >
> > >
> > > > The trading day was likely over on the failed weak attempt to punch
> > > through
> > > > overhead resistance and reach 1221. I shut down my feed rather than be
> > > > tempted by some false breakout from the chop .... market will still be
> > > there
> > > > Monday.
> > > >
> > > > Earl
> > > >
> > > > ----- Original Message -----
> > > > From: "Michael Ferguson" <wl7bdn@xxxxxxxxxxxxx>
> > > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > > Sent: Friday, July 27, 2001 12:50 PM
> > > > Subject: [RT] Fri aftn
> > > >
> > > >
> > > > > I'm not much of a tape reader, but I am getting the impression that
> > > there
> > > > > are lots of people wishing the bell would ring right now.
> > > > >
> > > > >
> > > > >
> > > > > To unsubscribe from this group, send an email to:
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> > > > >
> > > > >
> > > > >
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> > > > >
> > > > >
> > > > >
> > > >
> > > >
> > > >
> > > >
> > > > To unsubscribe from this group, send an email to:
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> > > >
> > > >
> > > >
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> > > >
> > > >
> > > >
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
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> > >
> > >
> > >
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> > >
> > >
> >
>
>
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