Trade Entries

Discussion in 'Risk Management' started by Money Trust, Mar 11, 2015.

  1. Handle123

    Handle123

    Often I am asked why trade other Indexes, well, if other Indexes had same underlying it make no sense to trade others but since they are not the same, and each instrument has it's own unique personality, and that often due to those who trade them. So if you look at four major indexes today, they were all different. Emini Russell tried to make a difference by breaking todays highs and failed. Now I go by volume often, making new highs on reduced volume tells me Profs are getting out of longs and when short selling to retail and when prices are dropping and volume expanding, Profs are getting out of their shorts and buying where retail is getting nailed by stops so Profs are accumulating. I like seeking more confirmation as in breakouts and I will take on more by averaging down, I use time rules on every trade I put on from 20 second charts to monthly charts, absence of movement is not what I want to see when I take a position, for me best trades allows me to enter and go my way so I have do my "Happy Dance". I also love trading failures, price hits Bollinger Bands after a sizeable move in one direction, study markets you trade often enough, you will see what average swings' mean, distance from lowest low to highest high of a swing, so when price hitting Bollinger Band, am looking for lower or equal high that doesn't go above the Bollingers, it failed to make newer highs, there are times when it can make high highs but many more rules and having to understand Price Structure and what volume should be doing.
     
    #21     Apr 1, 2015
  2. loyek590

    loyek590

    that russel is an fx play. Many figure small caps have less exposure to a rising dollar.
     
    #22     Apr 1, 2015
  3. Handle123

    Handle123

    Trading Chop. These are examples on how to trade using tighter stops cause the size of the bars are between 1-3 ticks. These are examples on how to trade chop and works best in ES as this market often does exactly this. Another reason why I prefer to trade first 75 minutes of day session, just quicker and volume in best of the day to push price for 2.00point targets, but have trade lunch chop for couple decades and can make consistent profits. Like fishing for Sardines, one or two doesn't make a meal but catch ten and adds up.
     
    #23     Apr 26, 2015
    RubiconTrading likes this.
  4. loyek590

    loyek590

    dang man, you're probably in and out 100 times before I ever get all in. I trade very slow, both the chop and the trend. I trade the chop by adding to losers, and I trade the trend by adding to winners. ALL the money is made on the trend.
     
    #24     Apr 26, 2015
  5. deucy28

    deucy28

    This Hall of Fame ends with (most recent posts) dated in the year 2010 !

    In 2013 as I recall, the top 100 most popular read threads from the inception of ET were posted on the Home Page in a ranking order. Since then, while Barron was working on the new version of ET, as I understood him, he would bring that posting back, but I have not seen it. I have always thought it would have an important on-going place on ET.
     
    #25     May 12, 2015
  6. wrbtrader

    wrbtrader

    Hopefully, he doesn't get the Hall of Fame threads mixed up with the most popular threads although there will be some threads on both list.

    Yeah, the Hall of Fame list should be updated.
     
    #26     May 12, 2015