O'Reilly logo

The MEJT System: A New Tool for Day Trading the S 500 Index by Jeffrey Tennant

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

4. Trading the MEJT Sequence

When I began day trading, I quickly came to the conclusion that afternoons were a pain. The market seemed to move around aimlessly and without conviction most of the time, as if it were waiting for the final hour of trading for something serious to begin. No one can make any money if he cannot predict where prices are going and I did not see a clear way to make sense of what went on between the time the lunch hour ended and the time the last hour began.

However, since I had some success with the am sequence, I decided to have another look at the patterns taking place in the afternoon. I wondered if big traders telegraphed their intentions after returning from lunch just as they did in the morning.

I found that ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required