Reversal time power

Becoming a successful trader is all about developing your strategy, which entails finding a play that you feel confident you recognize when it appears in your charts and then acting upon it in a smart manner.  Once you have a proven strategy that you feel confident to sit at the table with and play, you need to have within your playbook the rules that will keep you in and/or take you out of plays.  One of my rules when I see a potential play is to check the clock, as there are key pockets of time around which you may see consistent price reversals in stocks and the general market.  The key reversal times I have found to be be meaningful are the following:

  • 9:50-10:10 am
  • 10:25-10:35 am
  • 11:15-11:30 am
  • 1:15-1:30 pm
  • 2:15-2:30 pm
  • 3:00 pm
  • 3:30 pm

Look to reversal times to provide the following:

  • Washout buy opportunities
  • Parabolic short setups
  • Profit taking opportunities