Time Scales

[dacoffey]

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

I trade intra-week, and 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 and also 3 numbers: Act, Scene, and Tick.

In my system, the time scale is from 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

[peaches]

Interesting concept.

[elmagd2000]

Thanks for sharing your ideas...
Pls. go further how that can improve your trading. I am afraid that makes it tougher.
anyway good luck.

Hani