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The system trade here is a break above the first hour high at 1141.5 and
since the day's range is so narrow so far compared to the average, John
might easily get the 4 points to take it from the current four to the
average of 9.29.
bobr
----- Original Message -----
From: "John Cappello" <jvc689@xxxxxxx>
To: "Ira Tunik" <irat@xxxxxxxxx>; <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, April 02, 2002 7:29 AM
Subject: [RT] Time and Motion Trading Test
> Dear Ira,
>
> I am using EST . The cash S&P at 10 AM was -7.4 and at 10:15 was -
> 7.14, maybe a buy signal in raw state. I am looking initially at a 4
> pt stop and 11:15 AM exit.
>
> Sincerely,
>
> John
>
>
>
> ------------------ Reply Separator --------------------
> Originally From: Ira Tunik <irat@xxxxxxxxx>
> Subject: Re: [RT] Time and Motion Trading
> Date: 04/02/2002 06:32am
>
>
> In almost any cycle study a pattern shows up. When you use 10:00 AM,
> which
> time zone are you in? If you are still trading at 2 PM it certainly
> isn't
> the west coast. By breaking down the daily bars one can locate
> certain times
> of the day when markets tend to reverse their direction. If you get
> down to
> the 5 min. 3 min. and 1 min. time frames you are able to get down to
> the 1
> 1/2 hour cycles, etc. There used to be patterns that occurred when
> it was
> lunch time in NY and Chicago, but they only held up for a little
> while. One
> has to take the time to not only find the cycle but to analyze it and
> understand that it will not remain constant and for a while they
> could become
> self fulfilling. I have not been able to find a timing system that
> will
> stand alone as a trading vehicle. If anyone has, I would be
> interested. Ira.
>
> PS. Does the sky have a color or is it just a reflection of something
> else?
> Just like some on this list, who act as mirrors of drivel and bad
> taste.
>
> John Cappello wrote:
>
> > Certain authors have written about the subject. The one I have been
> > casually following is an observation that the S&P market starts to
> > establish two major moves , one at 10 AM and another at 2 PM.
> >
> > I have just been observing the 10 AM move by logging in the cash
> > value at 10 AM and again at 10:15 AM. In 4 of the five days followed
> > the direction up or down movement was sustained to at least until
> > 11:15 for what appeared to be a profit.
> >
> > Has anyone tried to build a system around anything close to this
> > concept.?
> >
> > Ben made a beautiful post on calls with charts and all...no comments
> > from the peanut gallery likely because they did not understand it.
> >
>
>
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