Time factor in trading

Most system that I have seen do not consider the time factor in making the decision other than the timeframe. This is a bit puzzling as the charts is telling us about price and time.

How many of you actually have time factor in your trading rules. e.g If price do not go lower than 1.1234 this Friday, go long on Monday etc ? Something like Support/resistance with time factor built in?

I'm thinking of using something like this sometimes to increase my position.
1) major trend is up
2) price hit support level - enter long position

after 2 days (dont increase position when price touch support too quickly, that's noise)
3) price hit the same support level again - enter another long because it's a strong support (the stronger the support in a bull trend, the more likely the price to rally, so we just bet more on something that's more probable).

Anyone actually doing something like this?

I dont catch your argument really well luqmanz but i do seriously consider time factor in my trading coz usually when i get a flag, its an indication that price SHOULD move to some point where I expected it to go within a stipulated frame, this will also factor in which market is working the price etc etc. So if it does not do as i expected it to, i would release the position with a loss or minimal profit.

I think subconciously many traders note this fact due to the very reason that its not very desirable to be STUCKED in a position that drys you out. But noting time and value depreciation on a strategic manner is a different ball game alltogether.

regards
jest

I think time factors most heavily into day trading and not so much into long term trading. The only time I would say that it has an affect on your trading decisions for swing or long term trades is if it ties up capital that could be used for a better opportunity..

for example, if you enter a trade expecting it to start trending upwards strongly and it trades in a range for an extended period of time, well if you saw another opportunity stirring then you might want to dump that position to free up your capital or lower your market exposure.

I thought everybody in here is looking for price action..not time!!

Actually I know and believe that time is far more an important factor then price, actually price depends on time,

When time has arrived, it is inavitable that a trend reversal shall occur!!, after all we know,

f(t) = p where t= time and p = price

All u need to know how price react with time, and that should be it. Also must remember key Chart TF is the Daily, where most changes occur historically.

What is ' f ' in your equation?

OK, Restating the eq,

Function of (time) = Price

hope u understand now

Lets try answering visually, what I'm talking about.
(please do not ask me more then what I'm posting here)

chart of gbp/usd daily(Today 10-05-07 dd-mm-yy)

http://www.forexfactory.com/attachme...1&d=1178771303

The only time factor I include in my trading is:

- No Friday trading beyond noon Euro time.
- Blackout periods around news announcements

i use time factor! .if the price gets pressured on one area for long period of time resonating. gives good indication for move coming.

actualy pritty close what gfxtrader uses. but dont know if reading it same way. but its there.

only splitting it not vertical but horisontal.

some previoius posts from the subject:

http://www.forexfactory.com/showpost...62&postcount=3
http://www.forexfactory.com/showpost...1&postcount=18
http://www.forexfactory.com/showpost...2&postcount=27
http://www.forexfactory.com/showpost...1&postcount=10
http://www.forexfactory.com/showpost...5&postcount=38

About the only effective strategy using time that I know of is waiting for a breakout or exiting your position if the market hasn't moved in a certain period of time.

Both of these strategies are based on sideways action in the market, such as if at least ten bars roughly line up in a row on their tops and bottoms, set up a stop entry above and below for breakouts, and if you're already in the market, dump your position.

"Timing" the market based on moon cycles, astrology, vertical fib lines, or quirks in the past (ie: stock market usually rallies on Friday, and crashes on Monday... so go short around close of Friday) is no more than gambling.