luc1grunt
622 posts
msg #45773
- Ignore luc1grunt |
7/13/2006 1:05:12 PM
Bought AAPL after it showed upward momentum (along with NAZ comp) at 52.60 (inside the gap) with a quick target of $ .34 (just shy of yesterday's close). When it blew through the gap, set a trailing stop at .25 from 54.10. Hit my stop at 53.85.....quick $100+. Today's the day I "should have" bought 200 shares, but got toasted for $75 yesterday in 5 minutes on this particular stock.
...........still working on my initial stop (mental or mechanical) once I place the trade on gappers......anyone wanna share some techniques? Right now it is based on the average range of the 1 minute bars, but that can be tricky. Luc
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guru_trader
485 posts
msg #45799
- Ignore guru_trader |
7/14/2006 4:47:51 AM
dafishman, here is TRO's page1 filter with the 80% criteria ...
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dafishman
9 posts
msg #45803
- Ignore dafishman |
7/14/2006 8:28:55 AM
thanks i appreciate it.
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TheRumpledOne
6,529 posts
msg #45853
- Ignore TheRumpledOne |
7/14/2006 11:13:07 AM
"...........still working on my initial stop (mental or mechanical) once I place the trade on gappers......anyone wanna share some techniques? Right now it is based on the average range of the 1 minute bars, but that can be tricky. Luc"
For Gap Downs...
You can use 1, 5, 10, 15, 30 or 60 minute low.
Pick one:
If after minute 1, the price is lower than the 1 minute low, cut loss.
If after minute 5, the price is lower than the 5 minute low, cut loss.
If after minute 10, the price is lower than the 10 minute low, cut loss.
Etc...
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luc1grunt
622 posts
msg #45884
- Ignore luc1grunt |
7/14/2006 2:10:41 PM
Thanks Avery. Fading gaps have been profitable....thanks again for the filters / displays. Anyone else on "stop" methods for gappers? ....always looking to squeeze another few pennies out of a good strategy. Luc
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TheRumpledOne
6,529 posts
msg #45886
- Ignore TheRumpledOne
modified |
7/14/2006 2:29:06 PM
"Thanks Avery. Fading gaps have been profitable...."
Avery T. Horton, Jr. aka TheRumpledOne,
gifts and donations accepted, PO Box 43575, Tucson, AZ 85733
HINT: State-of-the-art computer equipment always appreciated! :)
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guru_trader
485 posts
msg #45912
- Ignore guru_trader |
7/17/2006 2:58:17 AM
"State-of-the-Art computer equipment"?! Don't you have that already?
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luc1grunt
622 posts
msg #45930
- Ignore luc1grunt
modified |
7/17/2006 4:12:50 PM
Avery IS a "state of the art computer equipment"!
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TheRumpledOne
6,529 posts
msg #45943
- Ignore TheRumpledOne |
7/18/2006 12:12:02 AM
"State-of-the-Art computer equipment"?! Don't you have that already?
LOL... there's always something new!
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__fetcheruser123
msg #45952
- Ignore __fetcheruser123 |
7/18/2006 3:12:35 PM
TRO, you got kick out of TradeStation??? How are you automating your trades now?
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