Two Questions For Practicing Day Traders

Discussion in 'Trading' started by ironchef, Oct 6, 2023.

  1. SunTrader

    SunTrader

    Well admittedly it's a lot more simple with futures. See the bid buy the bid, see the offer sell the offer. The spread is the spread and is almost always narrow (especially during RTH session).

    I plan my entry (ex a long) to hit right as price is ticking down on a pullback, almost always getting filled sometimes at a better price. Then when it comes to time exit as price is ticking up I purposely enter a limit at or below current price. Again almost always getting filled, sometimes at a better price.

    Of course there are times when an entry was a mistake, or for an exit when price is really ripping but I don't expect it to last - in either case a market order is used bam I'm out.

    It took me a long time to understand the mechanics of it, but after it happening just by chance a few times I thought why not.

    HTH
     
    #191     Oct 21, 2023
    ironchef likes this.
  2. padutrader

    padutrader

    are you above 60?
    anybody between 8 and 30 would just google and find out anything you want to know
     
    #192     Oct 21, 2023
  3. padutrader

    padutrader

    you are pro
    you should be teaching us

    just watching 1M makes me dizzy
     
    #193     Oct 21, 2023
  4. ironchef

    ironchef

    I thought you were talking about inside bars, drinking, after work.:D:D
     
    #194     Oct 21, 2023
    SimpleMeLike likes this.
  5. ironchef

    ironchef

    Thanks. Appreciate the suggestions.
     
    #195     Oct 21, 2023
  6. ironchef

    ironchef

    #196     Oct 21, 2023
    padutrader likes this.
  7. speedo

    speedo

    Inside bars are consolidations, on a lower time frame they often appear as a standard pullback. As such they are breakout patterns in trends....in trading ranges, not so much except as scalps.
     
    #197     Oct 21, 2023
  8. tiddlywinks

    tiddlywinks

    No one has mentioned Harami and Engulfing candlestick patterns?

    Both Harami and Engulfing, are 2-candle patterns, with 1 candle being an "inside bar".
    Look 'em up... The previously posted Inside Bar Pattern Explained link is nothing unique. Just saying.

    Good trades to all.
     
    #198     Oct 21, 2023
    ironchef likes this.
  9. SunTrader

    SunTrader

    I posted (#144) a chart with one minute SPY Inside Bars. Simple (not SML) is best.
     
    #199     Oct 21, 2023
    ironchef likes this.
  10. ironchef

    ironchef

    I went back and looked. You are right.
     
    #200     Oct 21, 2023