MoneyTec Traders Community Forum - View Single Post - Day trading or positional/longer term trades?

Toellies · 07-08-2003, 06:55

Hi Buff every one

you should move to sunny SA. I think we have the perfect time zone. I day trade 08h00 our time until 17h30. I have also looked at my trading results in terms of time buckets during the day have found that there are only two time periods that I am really successful. Thats is with the European open (08:30 to 10:30 London time) the American Open (08:30 to 10:30).

I usually wait for the first move to start (sucker set-up) then go with the second wave of the morning. I have been pretty successful so far! The only times I have not been successful is when I did not have the dicipline to wait for the first movement of the day to finish then follow either the continuation of the first move or follow the new direction!

07-08-2003, 06:55	#11
Toellies level 1 Join Date: Aug 2003 Posts: 20 Downloads: 0 Uploads: 0 Rep Power: 0	Day Trading Hi Buff every one you should move to sunny SA. I think we have the perfect time zone. I day trade 08h00 our time until 17h30. I have also looked at my trading results in terms of time buckets during the day have found that there are only two time periods that I am really successful. Thats is with the European open (08:30 to 10:30 London time) the American Open (08:30 to 10:30). I usually wait for the first move to start (sucker set-up) then go with the second wave of the morning. I have been pretty successful so far! The only times I have not been successful is when I did not have the dicipline to wait for the first movement of the day to finish then follow either the continuation of the first move or follow the new direction! Last edited by Toellies : 07-08-2003 at 07:10.