Sunday Debate: tides of the daily prices

[barjon]

Market participants, especially floor traders, are the cause of periodic movement in price during the day. These intraday time patterns – like the notorious DOW 3pm (UK time) reversal – have been dubbed “tides of the daily prices”.

So, your topic for this week is:

Day traders must watch certain key times very closely and they should be a crucial feature in their trading plans.

Enjoy

jon

 

[arabianights]

Key times I find:

7-9:30 - Open. Best bit!
9:30-11 - continuation of trend, very anaemic.
11-12:45 - nothing happens at all, ever
12:45-2 - yanks come in, specially with us pits opening. essentially a second open, usually with similar character to real open
2-2:30 - milling around waiting for stocks to open
2:30-3 - wait to see what happens
3-4:30 - stuff happens
4:30-5:30 - more stuff will happen if it's been a busy day, otherwise it won't. Sometimes good for a nice squeeze at the end if we're on highs/lows
5:30 - why the **** don't you go home?