pieman

Thanks for the indicator, has anybody converted this to and ELD file? Regards Anthony Sydney, Australia

Hi All, Am looking for a 24hr pivot indicator to use on the Emini. I have the floor traders pivots, but am looking for the 24hr market. I realize that Soultrader has posted a good one, but the data needs to be entered daily and it wipes off the previous days. I am will to pay for one if there is a commercial one that people can recommend. or there may be one somewhere hidden in this forum. Only requests are that it plots the daily and weekly and monthly pivots based on a 24 hr trading session and leaves the previous days on the the chart for future reference. Regards Anthony Sydney, Australia

Hello all, I have been wondering for a while now, what is the most favorable time of day to trade and why. Having been a purchaser of many a system, a lot of them encourage people to trade on in the morning or not over lunch, or not on Friday afternoons or not on Fridays at all, I was hoping to get some expressions of interest of the favorable times to trade. I assume in the morning, before lunch, volatility can be quiet high, people are positioning themselves for market announcements, holding back, or trying to "guess what the news will do to a market". They could also just stay out of the market before and after and announcement, therefore limiting there possible trading time. Also many systems don't trade over lunch (the so called dead hour). Not trading in the last 30 minutes has also been heard of. Could it be, that in the USA , people would like to just work in the morning, therefore be done trading by lunch, to spend the day by the beach or on their yachts etc etc lol. Surely if you have a system that needs you to look at a PC all day long cant be a good system , or that it maybe, but its not a good life. Surely people get into day trading, to escape the pressure of going to work and to escape the work feeling etc. If you could make a consistent 2 points per day per e mini contract, surely by multiply your contracts , it would be better to get in then out and enjoy your rest of your day. I reside in Australia, the US markets currently open at 130 am to 8am, not a time i would consider favorable, at all, its hard on family and personal life (no matter how much money you make) I would prefer to trade just the final 2 hours each day ie 6am to 8am, that way i have a definite finish point and not hanging around watching all day. I also have the rest of the day to enjoy,(to spend on my yacht lol). Would i be right to assume that afternoons, while still volatile, have more " consistency" to trends, as news is rare and market surprises are limited Any thoughts would be greatly appreciated regards Anthony Sydney, Australia