Volume Dynamics Specialist
Posted 31 August 2018 - 12:41 PM
So we're talking about this silly 6.5 hourly trading day from 9:30 - 4:00.
The questions arise, what the hell do you do with that odd half hour?
And then, when does it start on the hour? on the half hour?
Take this - the guys in the pits are all on 65...
You really want to follow the chump clock?
Because that's what they call "hourly".
Member
Posted 31 August 2018 - 01:23 PM
da chief has been on the boyz using the 65 minute charts for 30 years or more. Hourlies work fine for 24 hour futures sessions. 30 minute cash charts are fine as well. Programs run more off price/volume dynamics now than they have in the past. The two spx red days we have so far is simply the end of the month square which is common. We should be back to the recent highs by Wednesday next week if not sooner.
Volume Dynamics Specialist
Posted 31 August 2018 - 01:39 PM
Yep, up through early to mid-September...
We had down into mid-August (8/15 actual)
Up into this time frame.
Member
Posted 31 August 2018 - 09:44 PM
da chief has been on the boyz using the 65 minute charts for 30 years or more. Hourlies work fine for 24 hour futures sessions. 30 minute cash charts are fine as well. Programs run more off price/volume dynamics now than they have in the past. The two spx red days we have so far is simply the end of the month square which is common. We should be back to the recent highs by Wednesday next week if not sooner.
if u want to see 65 min hours in action,,,,watch ur streaming 1min dow chart and watch what happens into and after the est.s of 1035 1140 1245 150 and 255....ull be amazed at how the boyz play the clock .....calculate the dows 12 hr rsi off those hourly closes against the half span ma of the rsi best day trading tool ull find
Member
Posted 02 September 2018 - 06:45 PM
Which size and type shoe will perform better? Depends on the intended use and conditions of use:).
For trading ideally one should use the increment where the action is most expressed and dominant, where the chart shows the least amount of noise. An accelerating market should be traded from increasingly shorter time frame charts (because of shorter and shorter rest periods) while after the momentum stalled it should be traded from the slow lane until it becomes settled and again, shows relative strength vs peers and the overall financial market universe.
When one compares (on the same time scale) a market ETF, a sector ETF and an industry ETF in that sector they are progressively more noisy until an industry and stocks in it through rotation or whatever stabilizes and start deviating from the rest, garners attention and accelerates and the game begins again. Easier said then done, of course, but it presents a good challenge and there are tools measuring degree of noisiness and acceleration of directional power.
XHB is a good example. Through mid February it was accelerating in lockstep with the overall market and trading it with 15 minute chart provided many clean setups. After that it lost momentum and became a basing market where now 1, 2 and 4 hour charts are giving clearer signals. I consider it a sleeper and expect it to accelerate once it clears recent highs and trade it with 30 minute charts.
Cheers, F&D
