[TheNegotiator]

Breaking the day up definitely would be important to me overall in my trade selection. During the middle of the day, there tends to be far less impetus to move the market than at the open and close. This is generally always the case. However, like the recent summers being far from dull(in the trading sense), I'd say that when there's important stuff going on, the market will move.

[steve46]

Yes, well to elaborate briefly there is a single trade that sometimes occurs almost exactly one half hour before close of cash (the NYSE cash close). That trade is called "the clean-up" and it occurs as participants flatten or establish positions in anticipation of an event the next day or in Europe. It can be traded or one could simply observe and use the direction of that last trade to provide a way to establish a bias for trading in the Globex, Asian or European markets that follow. Actually there are many other examples but it would be a digression from the subject of your thread....In fact I see that I have wandered off the subject quite a bit...please feel free to remove this post if you don't mind.

Steve

[TheNegotiator]

Lol. I think it's actually useful to demonstrate how an understanding of the underlying mechanics of a market should be the cornerstone of any nutritious strategy!

The how and the why of the markets are likely to dictate its longevity.

[steve46]

For general interest I think I will post today's "clean up" trade that occurred about 6 minutes early

As mentioned a few posts ago, this is considered one of the easiest setups to take advantage of...because when it occurs it usually gives you at least 5 points.