Eman93
4,750 posts
msg #87500
- Ignore Eman93
modified |
1/30/2010 10:11:17 PM
Use the filter to find high probabilty trades...
On a gap down go long above the open...... On a gap up go short below the open....
thats it..... thats all there is.
The hard part is trading it in real time manualy at the open. the hard stop at -.10 is a great rule but as you know t it may bounce around those levels quite a bit. but over time you win more than you lose.
You need to do it many times with real money IMHO... Paper may help but it just isnt the same....... how would you teach someone to hit a curve ball.... you can tell them every little detail.... but the student stlll needs to experance it many times in real time and in real life pressure situations and be able to hit it.
|
stratiG
147 posts
msg #87508
- Ignore stratiG |
1/31/2010 11:45:19 AM
M..I just sent you the code for NT.
|
mesayah
658 posts
msg #87519
- Ignore mesayah
modified |
1/31/2010 2:18:30 PM
Got it Strat. Thanx.
|
miketranz
961 posts
msg #87522
- Ignore miketranz |
1/31/2010 4:19:32 PM
The best trade in the house is right off the open,fade the gap.All the money is on the open...
|
mesayah
658 posts
msg #87523
- Ignore mesayah |
1/31/2010 4:38:06 PM
right. If you have the time to set your stop loss with that thing bouncing around like crazy and if you set a mental stop, good luck.
|
cwn6161
40 posts
msg #89080
- Ignore cwn6161 |
3/4/2010 2:34:04 PM
Anyone still doing this?
FCX, RIMM were two I milked this morning..
|
sbuck143
88 posts
msg #89088
- Ignore sbuck143 |
3/4/2010 5:37:40 PM
very interesting strategy. I will admit I only read about 5 pages in before skipping to page 80 and reading from there.
Where did "sell after .50c" get changed from the initial posts "sell after 1.00"?
|
cwn6161
40 posts
msg #89128
- Ignore cwn6161 |
3/5/2010 9:45:59 AM
I don't remember ever seeing a sell after 1.00
The stats are based off of a 50 cent+ move after the stock moves 10 cents, so I normally just shoot for the .5 mark from the open. Then again, I'm just starting the method this week, so I'm going slow.
|
stratiG
147 posts
msg #89130
- Ignore stratiG |
3/5/2010 10:00:37 AM
yes, the stats are based on +-.50. I suggest you go back and read all the posts.
|
cwn6161
40 posts
msg #89158
- Ignore cwn6161 |
3/5/2010 1:50:57 PM
stratiG
Where are you setting your scalp takes at?
I'm currently shooting for 40 cents to take profits - but I just read how you set a scalping point and then move your stop up to breakeven. That's a good idea, especially after I see myself getting stopped out twice this morning on FCX, where I could have made cash if I scalped.
|