[dacoffey]

What type of time scales do people here use for trading?

I trade intra-week have developed a time scale system that allows me to easily gauge the time scale of the week.

There are 3 degrees of time in this scale: Act Scene Tick

So all data logged in my system has a DateTime also 3 numbers: Act Scene Tick.

In my system the time scale is 16:00 EST sunday until 16:00 EST friday.
This is 5 * 24 = 120 hours.

I keep data in 10 second ticks.

One scene is 144 ticks (24 minutes) long.
One act is 10 scenes or 1440 ticks long.
This means one act equals four hours.
So there are exactly 30 acts in the 120 hour trading week.

I developed this so I could easily report statistics based on what time of the week trades are most successful.

For example right now as I post this my clock says TUE 05:22:11 EST.

In my scale this would be:
Act 10 Scene 04 Tick 062