This video is a book review of The MEJT System, A New Tool For Day Trading The S&P 500 Index, by Jeffrey Tennant.
The MEJT System is less of a system and more of an indicator which divides a day into two sessions – a morning session and afternoon session – and then attempts to establish a bias for each session. If you day trade the ES, it’s worth checking out.
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sounds like a good book
and i confirm –yes there is morn and afternoon sessions
morn ftse controls the dji —-dax the ndx and the euro controls all till high noon—europe close
then the currency centers change to usa control and whilst the first 2 hours afternoon can be quite or not—we all know about the last 2 hours
big instos have control centers in london/germany /europe——-usa and both know what each others want
afternoon session controls europe futures which close 5 minutes before usa close
instos work of and communicate via piviot points set to a mathamatical formular
have fun enjoyment/excitement –become a daytrader
my job is picking tops and bottoms via piviots and form reading ect —intraday swings
sometimes im right or to early /late—today was a great reversal
Thanks for the quick review.
(IMHO) the Opening Range is a great intraday tool to keep you on the correct side of the trade. (but not always)
If you traded intraday today and you were short, then you had cover or have your head handed to you.
better understand where the pivots and S&R are on the charts before attempting to trade intraday.
And yes I agree, there are at least two major directional moves in the mrkt intraday.
Again, that’s just my op.
happy trading
Thanks for the review. Assume the first 3 5-minute candles in the a/m start at 930. What time do the afternoon candles start? Thanks again.
Hi Mike,
The (3) am bars start at 10:05, 10:10, 10:15.
The (3) pm bars start at 1:10, 1:15, 1:20
all times Eastern
thanks very much, Jason.