I think the second breakout of the day was a no brainer, good trend, and a tight stop would have created a decent gain. The early trade, I agree, would have been risky. Anyone else trading dummy feel free to step in!
Babak Thanks for this thread. Enjoying it a lot. Kevin, what parameters are you using in Trade-Ideas? Jerry
I use a few different scanners, TI being my favorite...the following are scanned criteria throughout my scanners: Strong volume gainers, % gains, % lossers, new 52 week high, new 52 week low still trying to find new ones. anyone else have TI recs?
One stock I did catch was SIRI. It was a pretty simple low risk trade...but I got out late considering I was not monitoring it. If anyone has any better ideas but the 5ema for a mechanical stop...please say so!
Nice trades Kevin. Just one thing though, I think we have different defn of inside bars. I would call the fourth candle (SIRI chart) an inside cande since both its high and low were contained by the previous one. The fifth candle would also have qualified for the same defn. But the sixth one which you point to isnt one. Or am I missing something?
I love setups like that. The trend was down (I'd base that on the EMAs I use -- a 10 and 20 EMA) and it printed that doji after an upward retracement. I would have been looking to get short below the doji. Mike
Mike and to anyone else: - How much slippage do you encounter generally when entering and being stopped out? I was wondering how much it impacts overall performance. - Do you position size each trade to include slippage and/or commissions? TIA