Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

usekhouse

Best Time of the Day to Trade

Recommended Posts

The purple boxes serve as key reference areas for trade entries....I enter trades based on tests of the boundaries of these areas....
so you are saying you would go long at bottom of box and short at the top ..if volume confirms it?

Share this post


Link to post
Share on other sites

Yes...that's one way to use those references, another is to use them at preferred times....that what we talking about in this thread.....(just trying to stay on the topic)....if you happen to see a test of the boundaries during the first or last hour, that is often a high probability entry....In fact I teach my students to look for seven (7) possible entries during the day session....all based (in part) on specific "preferred" times....

Share this post


Link to post
Share on other sites
Best time to trade is when there is free money left on the sidewalk. If you want to trade seriously you must be ready to do so 24 hours a day.

 

it is such a general myth that traders must glue their noses and eyes to their screen from beginning to closing hours during trading hours of whatever exchanges and locations in order to make a comfortable living.

 

in real life, such is never the case. think for a second, for yourself and for your own benefit--just where does a trader get the idea that you must glue yourself to your trading screens all the time? mostly, this idea is generated from other traders, more probably from trading gurus somewhere of some seeming authority stating that in order to make a comfortable living trading gc, cl, tf, 6e and whatever; trader must diligently apply himself/herself to the point of lunacy, in order to be profitable.

 

and if any trader wishes to be more consistently profitable, he/she must devote and apply himself/herself even more seriously in this trade.

 

you are correct my trading friend, sergso. what you said is what have been going around for years and years.... without any rebuttal.... L O L

 

if you have time, just take a look at the following attachments, perhaps, they might convince some traders to think otherwise, K?

 

the attachments are the partial records of executed trades that were placed only in the morning sessions in the u.s. perhaps, it was lady luck, just perhaps....

 

have a wonderfully profitable trading coming up week, everyone.

 

have fun and enjoy your trading spending as many hours as you deem most profitable, K?

 

nakachalet@gmail.com

5aa711eb615a7_4traderslab001.thumb.png.c4e87ddb043bbd76b363d910979b862e.png

5aa711eb65818_4traderslab_002.thumb.png.1a163ed761f27fe7a027b0e9ec63bf27.png

Share this post


Link to post
Share on other sites
Yes...that's one way to use those references, another is to use them at preferred times....that what we talking about in this thread.....(just trying to stay on the topic)....if you happen to see a test of the boundaries during the first or last hour, that is often a high probability entry....In fact I teach my students to look for seven (7) possible entries during the day session....all based (in part) on specific "preferred" times....

 

@steve46

 

did you just say about 7 probable profitable trades a day?

 

Ah Haa, it must be my lucky day again.... LOL

 

you just independently confirmed my attachments to previous poster.

 

take a look if you have time.

 

have a great and profitable trading day, steve; and everyone else.

 

nakachalet@gmail.com

5aa711eb69256_4traderslab001.thumb.png.9603f2ecf337a19e0e4516e4aeb16623.png

5aa711eb6d474_4traderslab_002.thumb.png.a7b093d90701d950832b2f50c70bada2.png

Share this post


Link to post
Share on other sites
attachment.php?attachmentid=15359&d=1369279797

 

Base on this graph that I have seen somewhere in the internet, what is the best time of the day to trade? Does this one require you a particular time zone? Or does trading in every part of the day will be helpful, I heard that timing means profitability, so how does this two things correlate?

 

The 'best time' depends entirely on how you trade.

 

I couldnt care less about the exact time Im sitting at the computer since I use limit orders to control entry and basic exit conditions with alerts to let me know a trade has been entered,

 

Of course, if you prefer stressful trading follow the plentiful advice in this thread.

 

G.

Share this post


Link to post
Share on other sites

Yes it does in some respect depend on your style and your skill level....

 

For example, I make money trading the open....I have the skills to do it.....I've watched inexperienced traders get slaughtered trying to trade the open.....what's the difference? There's not enough room on this form to complete the answer...

 

One thing is sure.....unless you're an options trader selling time premium, you need price movement to make money....and that movement happens most often during the opening and closing hour.....

 

The attached chart taken from my blog shows today's open....

5aa711eb9e208_CompletedChart.thumb.PNG.3c0000babf1d6ed0825debf3311508d1.PNG

Share this post


Link to post
Share on other sites
@steve46

 

did you just say about 7 probable profitable trades a day?

 

Ah Haa, it must be my lucky day again.... LOL

 

you just independently confirmed my attachments to previous poster.

 

take a look if you have time.

 

have a great and profitable trading day, steve; and everyone else.

 

nakachalet@gmail.com

 

Yes, depends on the day, but generally speaking there are several possibilities....

 

What I prefer however is to obtain favorable entry in the pre-market and (on a trend day) manage that entry until I am done scaling out.....or into the closing hour, whichever comes first....

 

What I like about this business is that I can miss the open, come back later and still make money....

 

See my previous post for today's chart

 

Good luck

Share this post


Link to post
Share on other sites

Oh and for the "critics" who will say it isn't in "real time"....you're right....you see I ACTUALLY TRADE and therefore I don't have the time (and I couldn't care less) to post and execute trades....figure it out...use it to your advantage.

 

No doubt about that. Hard to post charts and trade at the same time when you're day trading. Having said that, quieting skepticism is relatively easy to accomplish simply by posting screenshots of the executed trades later on along with the charts detailing the trade one took.

Edited by Enigmatics

Share this post


Link to post
Share on other sites
No doubt about that. Hard to post charts and trade at the same time when you're day trading. Having said that, quieting skepticism is relatively easy to accomplish simply by posting screenshots of the executed trades later on along with the charts detailing the trade one took.

 

Yeah I have a better way to do that.....my students watch me 1)PREPARE TO TRADE.......

2)TAKE the trades.......3)MANAGE the trades....... and 4)EXIT the trades......and frankly the rest (standing in line at the bank for example) doesn't matter.

 

So here's the bottom line....I do what I think I can given the time I have available to me....I try to help those few folks who think I have something that fits them.....I let someone else further up the pay scale sort the rest out....

 

Good luck

Share this post


Link to post
Share on other sites
Yeah I have a better way to do that.....my students watch me 1)PREPARE TO TRADE.......

2)TAKE the trades.......3)MANAGE the trades....... and 4)EXIT the trades......and frankly the rest (standing in line at the bank for example) doesn't matter.

 

So here's the bottom line....I do what I think I can given the time I have available to me....I try to help those few folks who think I have something that fits them.....I let someone else further up the pay scale sort the rest out....

 

Good luck

 

****WARNING: DO NOT TAKE WHAT I SAY PERSONALLY****

 

Now then ..... you said posting a screenshot doesn't matter to you. I definitely get that impression. Understand that it matters to people like me who read what you post. That's the difference, especially if you're on here trying to recruit new students. Can you blame me though? It's my hard earned money we're talking about here. I'm not going to hand it over and invest my own personal time because someone's chart looks really good.

 

I've been in the market about 3 years now and there's never a shortage of people who are able to post charts after the action has happened. Posting the snapshot of the entry/exit Time and Sales after you closed out your trade takes less time than working up a chart and is bonafied proof of the results. I'd actually put more stock in that then the chart. It's not like you'd be giving away your secret recipe ..... as clearly that is reserved for your students. Imagine if you went to a hedge fund and said, "Hey guys, I've been day trading for a few years. I have this super duper system that makes lots of money!" .... naturally what is their reaction going to be? They're going to want to see your trading history and tax returns to back it up.

 

Again Steve, you should not take what I say as a potshot at you. It is just the nature of these online stock trading forums. Everyone's a complete stranger with their own motivations and I don't know you from the next guy.

 

On the subject of volume ...... I love volume studies. I'm amazed by people who are able to trade price-only. I use both VSA, volume profile, VWAP, and peaks/troughs of the regular volume histogram in order to construct my trades. I'm better able to do it at "extremes" when the market supply/demand has run out during the day ..... and then taking a trade back to a volume congestion area (i.e. VWAP or POC). I've also been working on swing positions in the same fashion.

 

The beginning of the day with all those on-open market orders has always been the toughest for me though. So still working on that aspect because I want to be able to take advantage of liquidity. Lately I've gotten a little better at it by letting the market breath for about 15-25mins, watching for a range, and then a reaction to the extremes of said range .... usually looking for volume expansion at them to signal to me which direction we're headed in. Still have a long way to go.

Edited by Enigmatics

Share this post


Link to post
Share on other sites

and by all means don't take this personally yourself...

 

---------------------------------------

English seems to be a difficult language for so many people to understand...

 

"I don't care" is actually very simple to understand if you take a moment.....

 

I use money (the concept) as a method to screen the adults from the "adult" children (children in adult bodies)....because I trade for a living I don't really need to charge a fee, and in fact in each of my classes, there is usually one person who never receives an invoice...in my first class there were two who did not receive a bill...

 

For folks who feel they need to SEE what I do in person.....I show them.....since I call the shots in this life, that's what I have chosen to do....I choose NOT to show them my bank account, my P&L, my tax records, my health records, pictures of my family, pictures of my dog.....or anything else that I hold personal & private....if they don't like that, I gently encourage them to find another person to work with....

 

Interestingly once a person sees me trade....they never mention "money" or "proof" again...

 

I believe any skilled professional should be willing to demonstrate their skills (once). The other side of the coin has to do with threads like those I posted here on this site....the way I figure it, if a person reads these, at some point it should be apparent that the author knows what he is talking about...Especially with MY threads where at the beginning so many of you rocket scientists seem to want to show up and tell me how "it won't work"....and "I read on Wikipedia that this isn't possible" (lol) and on and on.....unfortunately there seems to be no shortage of "experts" and emotional cripples who want to vent their anger at those few of us who actually know how to do this....my advice to all of you is point & click elsewhere...

 

Fortunately there are a few folks who get the message...."gee, this guy doesn't really want to build a commercial business selling mentoring (how could he with just 4 students @$200/month for a couple of months?).......duh and since he's insulting everyone within earshot and telling people to find help elsewhere.....what's the catch......

 

In the end it comes down to basic street smarts...no one can completely eliminate risk in life....at some point you have to either "go for it", or sit on the sidelines and talk about it while other people "go for it"....

 

Thanks

Share this post


Link to post
Share on other sites

Better make haste and run Enigmatics...next you will be hit hard with the nfantile and adolescent verbiage..does not help the self image..nada..zilch..zero...

Share this post


Link to post
Share on other sites

Better make haste and run Enigmatics...next you will be hit hard with the infantile and adolescent verbiage..does not help the self image..nada..zilch..zero...

Share this post


Link to post
Share on other sites

The best time to trade is when your particular market provides sufficient liquidity and opportunity for you to profit. This will be different for different markets and trader skill levels.

 

For example, trading FDAX futures is best 3:00 a.m. (Eastern) to about 6:00 a.m. But if you tried trading ES during that time you'd have to go for smaller profit targets as it usually doesn't move as well. Now at 9:30 a.m. (Eastern) ES picks up and FDAX becomes computer-dominated and whippy. So you could trade ES over-night or FDAX during the day but you'd have to be on your game and would trade them differently.

 

Trading currencies would be best from the European Open (3:00 a.m.) through the U.S. Morning Session, but Japanese Yen and Gold often move very well during the early Asian Session (8:00 p.m. Eastern). Of course, Gold moves well during the U.S. Session too almost every day.

 

Look at some charts of the market(s) you're interested in. Both time-based and volume-based, or time-based with volume as an indicator. That will give you a good idea of where to focus. Years ago I chose to be selective . . . make my money and stop in a couple of hours to enjoy my kids and golf . . . and not be tied to my computer screen 24/5.

 

Good Luck!

Chartsky

www.chartsky.com

 

attachment.php?attachmentid=15359&d=1369279797

 

Base on this graph that I have seen somewhere in the internet, what is the best time of the day to trade? Does this one require you a particular time zone? Or does trading in every part of the day will be helpful, I heard that timing means profitability, so how does this two things correlate?

Share this post


Link to post
Share on other sites

There are at least 2 basic approaches to trading, one is what I'll call opportunity based and the other is what we call process based (explained more on my blog). Opportunity structured traders will seek out exceptional opportunity at all times and even in multiple markets. Process based traders focus on following a specific process that enables them to read the market at a high level. Both styles can work but opportunity based trading requires a higher degree of discipline and would be better for a pair of traders then individual.

 

The best time to trade is when your most profitable, of course. Most traders do well when volatility is higher then average and direction is more predictable. I divide the market up into Pre Market, Open, Morning, Evening, After Hours/Night.

 

I've found good opportunity in the S&P 500 emini during most of those sessions/times if one know how to trade except for evening trades. The best opportunity for me is typically off the open and into the morning hours -- as well as after hours. If you trade late evening/evening then you will probably want to plan on holding some trades over the regular session close. Typically, systems that trade trends do better with longer holding periods. So, if you know the market is going to trend then buying as early as possible and holding until the close is going to be hard to beat.

 

It is not at all required to trade all day to trade well. Many would do better just trading a few hours per day.

---

Home - OrderFlowDashPro

Edited by Predictor

Share this post


Link to post
Share on other sites

When i used to day trade (which i dont do anymore) i used to like the asian timing cause it wasnt a hassle and the pairs used to make regular patterns....US timing zone is a mess to handle and soon i abandoned the US timezone..

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • How's about other crypto exchanges? Are all they banned in your country or only Binance?
    • Be careful who you blame.   I can tell you one thing for sure.   Effective traders don’t blame others when things start to go wrong.   You can hang onto your tendency to play the victim, or the martyr… but if you want to achieve in trading, you have to be prepared to take responsibility.   People assign reasons to outcomes, whether based on internal or external factors.   When traders face losses, it's common for them to blame bad luck, poor advice, or other external factors, rather than reflecting on their own personal attributes like arrogance, fear, or greed.   This is a challenging lesson to grasp in your trading journey, but one that holds immense value.   This is called attribution theory. Taking responsibility for your actions is the key to improving your trading skills. Pause and ask yourself - What role did I play in my financial decisions?   After all, you were the one who listened to that source, and decided to act on that trade based on the rumour. Attributing results solely to external circumstances is what is known as having an ‘external locus of control’.   It's a concept coined by psychologist Julian Rotter in 1954. A trader with an external locus of control might say, "I made a profit because the markets are currently favourable."   Instead, strive to develop an "internal locus of control" and take ownership of your actions.   Assume that all trading results are within your realm of responsibility and actively seek ways to improve your own behaviour.   This is the fastest route to enhancing your trading abilities. A trader with an internal locus of control might proudly state, "My equity curve is rising because I am a disciplined trader who faithfully follows my trading plan." Author: Louise Bedford Source: https://www.tradinggame.com.au/
    • SELF IMPROVEMENT.   The whole self-help industry began when Dale Carnegie published How to Win Friends and Influence People in 1936. Then came other classics like Think And Grow Rich by Napoleon Hill, Awaken the Giant Within by Tony Robbins toward the end of the century.   Today, teaching people how to improve themselves is a business. A pure ruthless business where some people sell utter bullshit.   There are broke Instagrammers and YouTubers with literally no solid background teaching men how to be attractive to women, how to begin a start-up, how to become successful — most of these guys speaking nothing more than hollow motivational words and cliche stuff. They waste your time. Some of these people who present themselves as hugely successful also give talks and write books.   There are so many books on financial advice, self-improvement, love, etc and some people actually try to read them. They are a waste of time, mostly.   When you start reading a dozen books on finance you realize that they all say the same stuff.   You are not going to live forever in the learning phase. Don't procrastinate by reading bull-shit or the same good knowledge in 10 books. What we ought to do is choose wisely.   Yes. A good book can change your life, given you do what it asks you to do.   All the books I have named up to now are worthy of reading. Tim Ferriss, Simon Sinek, Robert Greene — these guys are worthy of reading. These guys teach what others don't. Their books are unique and actually, come from relevant and successful people.   When Richard Branson writes a book about entrepreneurship, go read it. Every line in that book is said by one of the greatest entrepreneurs of our time.   When a Chinese millionaire( he claims to be) Youtuber who releases a video titled “Why reading books keeps you broke” and a year later another one “My recommendation of books for grand success” you should be wise to tell him to jump from Victoria Falls.   These self-improvement gurus sell you delusions.   They say they have those little tricks that only they know that if you use, everything in your life will be perfect. Those little tricks. We are just “making of a to-do-list before sleeping” away from becoming the next Bill Gates.   There are no little tricks.   There is no success-mantra.   Self-improvement is a trap for 99% of the people. You can't do that unless you are very, very strong.   If you are looking for easy ways, you will only keep wasting your time forgetting that your time on this planet is limited, as alive humans that is.   Also, I feel that people who claim to read like a book a day or promote it are idiots. You retain nothing. When you do read a good book, you read slow, sometimes a whole paragraph, again and again, dwelling on it, trying to internalize its knowledge. You try to understand. You think. It takes time.   It's better to read a good book 10 times than 1000 stupid ones.   So be choosy. Read from the guys who actually know something, not some wannabe ‘influencers’.   Edit: Think And Grow Rich was written as a result of a project assigned to Napoleon Hill by Andrew Carnegie(the 2nd richest man in recent history). He was asked to study the most successful people on the planet and document which characteristics made them great. He did extensive work in studying hundreds of the most successful people of that time. The result was that little book.   Nowadays some people just study Instagram algorithms and think of themselves as a Dale Carnegie or Anthony Robbins. By Nupur Nishant, Quora Profits from free accurate cryptos signals: https://www.predictmag.com/    
    • there is no avoiding loses to be honest, its just how the market is. you win some and hopefully more, but u do lose some. 
    • $CSCO Cisco Systems stock, nice top of range breakout, from Stocks to Watch at https://stockconsultant.com/?CSCOSEPN Septerna stock watch for a bottom breakout, good upside price gap
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.