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40yotrader
 

Registered: Oct 2002
Posts: 236

 

08-02-05 03:16 PM

Got a decent trade early today in ES.

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stockhero
 

Registered: Dec 2004
Posts: 32

 

08-02-05 04:39 PM

yeah DT, I'm pretty tight on my stops with those, even though i tend to keep em mental due to the often low volume, high volatility nature of em. of course as I'm getting used to em I find too often I'm getting out too early on the gainers. LNCR and CERN were sick picks this morning - I got about a quarter from each but they immediately surged 2 bucks within 5 mins after - i love that crap...good luck today sir i'm done after a bunch of MOO's came through for me --

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le140
 

Registered: Jan 2003
Posts: 173

 

08-02-05 04:46 PM

i am done for the day

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ForrestGump
 

Registered: Dec 2004
Posts: 145

 

08-02-05 05:10 PM


Quote from 40yotrader:

Got a decent trade early today in ES.




40,

Very nicely done.

You entered very early on this trade. May I ask if you are using a new method now? If I recall correctly from reading your original thread, you were adding something like 40% to 70% of the lowest of previous 5 days ATR to the opening price to get your entry signal.
Has there been a change in the market or have you simply found something that you like better?

Thanks.

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Diamondtrim
 

Registered: Mar 2004
Posts: 603

 

08-02-05 05:13 PM

Ok Folks,

Here is how it goes. Was in my hot tub late last night. Woke up late missed the open completely. Opened everything up an hour after the open. Turned on my TI and started. When I goof off I sometimes do less taking offers and more bidding, thinking I missed the move. That was the case today. Traded in and out of RIMM which was CRAZY. Just got a little lucky. I really think that this is the perfect example of day where TI really pays for itself! I think I am done untill the last hour unless something crazy happens.

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Diamondtrim
 

Registered: Mar 2004
Posts: 603

 

08-02-05 05:16 PM


Quote from stockhero:

yeah DT, I'm pretty tight on my stops with those, even though i tend to keep em mental due to the often low volume, high volatility nature of em. of course as I'm getting used to em I find too often I'm getting out too early on the gainers. LNCR and CERN were sick picks this morning - I got about a quarter from each but they immediately surged 2 bucks within 5 mins after - i love that crap...good luck today sir i'm done after a bunch of MOO's came through for me --



You are pointing out an important point. You don't want to trade my method going for quarters. I try shooting for points, big moves. That is why I can get into something with 200-300 shares and scale up if I need to. I think that is the only way to trade RIMM, GOOG, SHLD,etc.

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