Dip buying and clock watching

I find when you see something like this, probability says it's a better trade to the upside. Watch the clock to time your entry.

AEM shows big drop and good entry right before  a new 5 minute candle appears...

AEM ends up as nice trade

Clock watching

Different periods of the day provide different levels of market activity. My trading day starts one hour after the open at 7:30 am or so. Since I'm on the west coast I'd rather get an extra hour of sleep than trade the open. I never feel I'm missing out on opportunities as there are so many during the rest of the day I can't advantage of all of them anyway. Although once or twice last fall when the markets were pile driving lower I got up earlier an was rewarded for it.

From 7:30 to about 9 am is what I call the first half of the day. Trends are established or countertrends are formed. 

From 9 -11 am is usually but not always "The Dead ZOne". Slowly trending stocks keep going, volume is lighter, sometimes quick volatility.

At 11 am the second half starts sometimes with very powerful moves. Being prepared for this is important. The moves can be a quick fake out then back to the original trend that continues  to the close. Whatever happens it's important to be fully focused at this time of day.

15 minutes or so before the close I start to reduce positions so I don't get stuck with any over night holds.

Check out todays action at 11 am...

First chart shows SRS in downtrend all day with slowing then reversal providing a long entry, then a pop right before 11 am. Second chart shows pop was shorted and it's heading down again.