There is one special case that might work: place a stop buy order at where a horizontal S-Line and a upward slanting S-Trendline meet (vice versa for down cases). I have tried it in numerios occasions on daily charts and it worked like a charm. However, I am not sure this will work on intraday charts. Cheers. Holt
I never ever use a market order except for my stops, I meant limit or trying to get bid when buying or ask when shorting. Susana
Whoa, easy tiger, I think you misread my intentions completely. It was just a comment meant to further the nice discussion that you already have going here in this thread. I will be more than happy to share my thoughts on the matter (not asking for anyone to do anything for me), I just thought it would be nice to stir the thought processes a little bit and see what comes from it.
If that is the case, I apologize for the aggressive response and patiently wait for your thoughts on this matter. Susana
cchili - I remember your posted charts on the AHG thread quite well (I printed them out to put them in my AHG binder of studying materials). Very glad to see you resurface here, and I look forward to you sharing your insights. Sandy
With all due respect to those of you who have posted your charts here, I can't seem to get the thought out of my head that these all look great in HINDSIGHT, or as the computer types say, in "batch mode." The analogy to the Hershey threads is also legitimate and, in my opinion, troubling. It's easy to connect the dots and draw perfect trendlnes with commentary after the day is done. Shoulda, woulda, coulda and lets make believe we did. Moreover, the complete absence of posting realtime blotters doesn't make things better. Please, take no offense. Food for thought.
Hi susana, First of all thanks a lot for this thread I'm learning a lot. About the tyoe of entry, I didn't quite figure your number 1 option (the easy one). Let me tell you how I enter and tell my what's the diffrence with nubmer one. I always use the "magic tick" rule no matter what method I use to enter. In order to ensure I'll be first in line, let's give an example, when I want to enter long where the magic tick is 1300.50 I wait for the ask to be at 1300.50 and then I immdietly buy (using the DOM of course), or buy ask. vice versa for short. Now, if I understand correctly this is the hard way according to you but I don't figure what's the easy way. Do you just put limit order where the magic tick is supposed to be? what if you're filled before it even gets to the magic tick? Or maybe I just misunderstand so correct me.
Susana, Thank you the great thread. I will be posting some of my charts shortly. I liked your chart http://i36.tinypic.com/2na4kqs.jpg The first two Longs (9:48 & 9:56) in the Matching Lows, you had gone long when the Highest High of the two matching Lows bar is taken out. Same is true with the 12:13 long. For Matching Highs, you had gone short when the low of the breakout bar is taken out. Curious to say why you did not go short when the Lowest Low of the two mathing high bars are taken out? You could notice this at 11:12 and 13:02. Curious to see why there is a difference between how you take Matching Highs (Long when Highest High it taken out) while Matching Lows (Short when the Breakout bar low is taken out). Thank you for your help. Have a good day,