Venice
82 posts
msg #89322
- Ignore Venice
modified |
3/9/2010 2:53:23 PM
open, 10:30, and 2:30. Has anyone else noticed a similar trend? I know from open till whenever is pretty much anyones game, but what is going on with the near consistent 10:30 reversal upwards and the 2:30 reversal upwards?
Sometimes the 2:30 makes a lower low then the 10:30, other times not. The 2:30 time has always been another good buy in time for me though.
Or is this just something I'm witnessing as part of the current environment?
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Kevin_in_GA
4,599 posts
msg #89324
- Ignore Kevin_in_GA |
3/9/2010 3:39:06 PM
There is a lot of day trading that goes on in the first hour, along with fresh money being dumped into or pulled out of the markets. Around 10 AM things settle down, and usually there is a reversal or stall depending on any key economic news.
You can usually fade the direction the market has taken from open until that time profitably. Probably easier to fade the 10 AM reversal than trying to fade the open, although not being well versed in that style of trading I may be off base on that assumption.
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miketranz
962 posts
msg #89327
- Ignore miketranz |
3/9/2010 6:06:47 PM
If you see a consistent pattern,take a position,get an education.....
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