Key Times Turning Markets

Paracelsus

Newbie
9 0
I am trialling a system which suggests PUTATIVE times the major markets may change direction.

I would like to know if this would be useful to traders, and what it might be worth. (I wasn't sure where to place this thread, so I decided to put it in the Commercial section, in case I decide to charge for this later.)

These sensitive points in time assume no large news event which would swamp them, i.e. they are natural turning points in a quiescent market.

Only some of these will operate, in some markets, so use in conjunction with pattern formations and other TA. Always wait for confirmation of price action before initiating a trade.

All times are GMT (deduct 5 hours for EST).

Ok, let's go!


Friday, Feb 1st:

6:35
6:55
13:30
14:00
17:35
 

Paracelsus

Newbie
9 0
6:35 marked the start of an upward move in the DAX lasting an hour or more, from 11152 to 11200.

13:30 coincided with moves in multiple markets, presumably due to economic data out of the US. It was close to a top in DAX at 13:35, the start of a large move in the DOW (from 25020 to 25190), the start of an upward trend in Brent Oil that persisted the rest of the day, and it also marked a bottom in GBP/USD at 13050.

14:00 was close to tops in EUR/USD at 13:50 and Bitcoin at 14:05.

So I'm giving myself 3/5 on my first attempt.
 

Paracelsus

Newbie
9 0
Only one hit today, but a direct one.

11:55 marked the apex in a symmetrical peak in the EUR/USD, the centre of a triple top, and a level (1.1454) that was to remain the high of the day.

For tomorrow, Tuesday 5th Feb, my key times are:

7:10
8:35
9:10
13:50
17:10
 

Paracelsus

Newbie
9 0
Today it seems the EUR/USD was most in tune with the cosmic harmonies.

7:10 - EUR/USD breaks into a downward move from 1.1430

8:35 - close to bottom of EUR move at 1.1412

9:10 - minor peak in EUR at 1.1425

13:50 - EUR peaks at 1.1433 around 14:00. DAX begins upward trend as GBP/USD breaks downwards.

17:10 - symmetrical peak in USD/JPY occurred at 17:03, rising from 1.0984 to 1.1000, before dropping back to 1.0984. EUR makes double bottom at 1.1402.


For tomorrow, Wed 6th Feb, I only have two key times:

7:35
15:55
 

Paracelsus

Newbie
9 0
7:35 was close to the low of GBP/USD at 7:40 (1.2925), the intraday low point, from which it rose by 50+ points.

15:55 marked the culmination of a surge in Oil, FTSE, DOW (yes, I know they're correlated!) lasting around 40 minutes. The DOW, which I was trading, retested the high at 16:07, but then dropped cleanly to the 0.618 Fibonacci retracement level, and hasn't recovered this high yet. Sweet!


For tomorrow, Thurs 7th Feb, my key times are:

8:45
10:25
15:35
16:35
19:55
 

Paracelsus

Newbie
9 0
Just two hits on Thursday:

15:35 was close to the peak in DOW around 15:25

16:35 marked a bounce in DAX a top in EUR/USD.


For tomorrow, Monday 11th Feb, my key times are:

8:20
9:50
14:20
15:15
18:40

Today (Feb 10th) is a natural inflexion point in the cosmic fabric. Of course the markets are closed on Sundays, but I wouldn't be surprised to see a market correction in the next few days.
 

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