johnsund 16 posts msg #70139 - Ignore johnsund |
12/29/2008 4:46:29 PM
TRO -
Just to make sure I understand, you would Fade the Gap at the open, then looking at the AAPL chart from today, there would be no other trade opportunity until the gap filled at 10:40 (price moved downward, from open to close), and then the price moved to the Buy Zone at about 13:50, when green candles showed at the bottom edge of the blue line. That is the trigger to go long and maybe get $.25 from then until 13:59. Since the gap had not filled prior to 10:40 and no price thereafter entered the Buy Zone until 13:50, there were no statistically sound reason to enter a trade. Correct??
Thanks.
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TheRumpledOne 6,411 posts msg #70153 - Ignore TheRumpledOne |
12/30/2008 9:46:51 AM
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TheRumpledOne 6,411 posts msg #70154 - Ignore TheRumpledOne |
12/30/2008 9:48:13 AM
johnsund
12/29/2008 4:46:29 PM
TRO -
Just to make sure I understand, you would Fade the Gap at the open, then looking at the AAPL chart from today, there would be no other trade opportunity until the gap filled at 10:40 (price moved downward, from open to close), and then the price moved to the Buy Zone at about 13:50, when green candles showed at the bottom edge of the blue line. That is the trigger to go long and maybe get $.25 from then until 13:59. Since the gap had not filled prior to 10:40 and no price thereafter entered the Buy Zone until 13:50, there were no statistically sound reason to enter a trade. Correct??
Thanks.
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Correct? That's not the best question.
Instead ask, WOULD THAT HAVE BEEN PROFITABLE?
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johnsund 16 posts msg #70157 - Ignore johnsund |
12/30/2008 10:21:23 AM
TRO -
Just to make sure I understand, you would Fade the Gap at the open, then looking at the AAPL chart from today, there would be no other trade opportunity until the gap filled at 10:40 (price moved downward, from open to close), and then the price moved to the Buy Zone at about 13:50, when green candles showed at the bottom edge of the blue line. That is the trigger to go long and maybe get $.25 from then until 13:59. Since the gap had not filled prior to 10:40 and no price thereafter entered the Buy Zone until 13:50, there were no statistically sound reason to enter a trade. Correct??
Thanks.
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Correct? That's not the best question.
Instead ask, WOULD THAT HAVE BEEN PROFITABLE?
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TRO -
Your are correct - that is the right question. It would have been slightly profitable - maybe $.25 if one were quick on the trigger . But, am I correct that the rules would have prevented any other entry until the gap had been closed because until the gap was filled there was not a statisically sound reason to enter?
Thanks.
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johnsund 16 posts msg #70160 - Ignore johnsund |
12/30/2008 10:28:58 AM
Throughout this thread there are references to staging orders in Tradestation for AAPL and/or RIMM. I understand how this is done as a purely mechanical act - one has to only follow the instructions TS provides.
However, I am not clear on where in the range of prices staged orders would be placed. With AAPL currently trading at about 87.30, where along the spectrum of prices would staged orders be placed. Already today the range of prices has been from a high of 87.75 to a low of 86.63. So, where would "staged order" prices be placed?
Thanks for any assitance that can be provided.
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TheRumpledOne 6,411 posts msg #70172 - Ignore TheRumpledOne |
12/30/2008 11:46:03 AM
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TheRumpledOne 6,411 posts msg #70173 - Ignore TheRumpledOne |
12/30/2008 11:47:56 AM
Staging orders?
I have no idea what that is.
Long trigger is open + .10 through open + .20
Short trigger is open - .10 through open - .20
Those are the ONLY ENTRY TRIGGERS.
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johnsund 16 posts msg #70177 - Ignore johnsund |
12/30/2008 12:44:49 PM
In this thread Eman93 used the term on 11/11/08, and on kreslik.com I am sure that the term was used, but am unable to utilize the search function - Mikal is addressing this for me.
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TheRumpledOne 6,411 posts msg #70191 - Ignore TheRumpledOne |
12/30/2008 2:49:59 PM
Staging orders has NOTHING to do with what I am doing.
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TheRumpledOne 6,411 posts msg #70193 - Ignore TheRumpledOne |
12/30/2008 3:06:58 PM
ALL BIG MOVES MUST PASS THROUGH THE BUY ZONE - NO EXCEPTIONS!
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