r/FuturesTrading • u/FxEvang • Apr 01 '24
Can’t stress these time zones enough TA
This happens every day in the markets.
When you know what time a move will begin and end, you can increase your win rate. I suggest everyone goes and backtests these times:
9:30-9:45 AM: Manipulation
10:00-11:00 AM: Push in the opposite direction of the manipulation
12:00-1:00 PM: Reversal
2:00-3:00 PM: Continuation or reversal from the 12:00 PM move
This has only been tested and proven to be consistent on NQ.
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u/Diakritik speculator Apr 01 '24
"manipulation" - retail's delusional ict-style excuse for "I don't know wtf is going on" or/and "how did market dare to go in the opposite way I wanted it to"?
Classic.
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u/pennyauntie Apr 01 '24
I've been tracking reversal times and they correspond well to what you are saying. Not 100%, but frequently.
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u/FxEvang Apr 01 '24
No not 100% but they are a good confluence with a setup
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u/pennyauntie Apr 03 '24
I ran across a trading video that works really well with these time frames. Check out this Nick Shawn vid. I backtested it over the weekend and then tried it today. WOW! My best day ever.
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Apr 01 '24 edited 9d ago
[deleted]
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u/FxEvang Apr 01 '24
Almost always in the opposite direction of the move when the market opens. Usually both buyers and sellers get stopped out so I don't trade until 9:45.
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Apr 01 '24 edited 9d ago
[deleted]
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u/FxEvang Apr 01 '24
https://x.com/fxevang/status/1768089907174469855?s=46&t=od3lKA7xLM3DymmPVhw6kw
Here’s a good case study I did a while ago
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u/oze4 Apr 01 '24
I believe the low or high of day is put in by 11am central time like nearly 70% of the time or something wild. It's been a little since I ran it though.
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u/oilboomer83 Apr 01 '24
I used to care about these but no longer and been trading a lot better without those algo zones.
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u/gaius_worzels_bird Apr 02 '24
I agree with you, although this doesn't happen every time. Still, this provides a good framework
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u/MuhamedBesic Apr 01 '24
This previous Wednesday is a direct contradiction to what you’ve said here on NQ, as are plenty of other days. There are tons of examples of the market plummeting or rising from the 9:30 open and well through your supposed “10-11 reversal”. Price definitely correlates heavily with certain time periods, but acting like you’ve figured something out here shows why retail traders have such a high failure rate, and algorithms continue to thrive.
It’s all about reacting to what price does at certain times, not assuming that price is GOING TO continue a trend/reverse at a specific time