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Then, if we take the less orthodox view of using the market price
distribution on the 24 hour ES we have a val=1139.5 and vah=1148.5 and
vap=1144. So if we get a rally going then vap and vah are the probable
targets. And not to leave the Open out = 1143.75 which is probably the most
probable target.
bobr
----- Original Message -----
From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, April 02, 2002 7:55 AM
Subject: Re: [RT] Time and Motion Trading Test
> Classical MP theory says we are in for a range bound day defined by 1144.1
> and 1134.30 because the open was within Monday's value area. So far the
> first 3 half hour brackets are pretty much hanging onto Monday's value
area
> pivot of 1139.2. So, its for S/R trading within vah and val until a close
> and open outside that area.
>
> bobr
>
> ----- Original Message -----
> From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, April 02, 2002 7:43 AM
> Subject: Re: [RT] Time and Motion Trading Test
>
>
> > 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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