Disliked{quote} If you don't mind: do you set these 'automatically' once the session is in progress, or do you wait for something? I guess you have a high success-rate with these, otherwise you wouldn't do it...Ignored
Patience is a virtue...
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finding good trades with Nasdaq, dow, spx, and dax 43 replies
Disliked{quote} If you don't mind: do you set these 'automatically' once the session is in progress, or do you wait for something? I guess you have a high success-rate with these, otherwise you wouldn't do it...Ignored
DislikedThis pa looks you in the eye and says " Go ahead punk, make my day". Watch the Dow, this is snapping back!Ignored
DislikedThis pa looks you in the eye and says " Go ahead punk, make my day". Watch the Dow, this is snapping back!Ignored
Disliked{quote} sounds a bit like trading the opening range , opening range breakout actually has a simple and logical concept, but like anything else it works when it works.. sometimes it's better to fade the hi/lo and sometimes its a runner.. I dont like trading breakouts, but some do..Ignored
Disliked{quote} Yeah, I avoid breakouts, but this is indices, might work different here, hence my interest.Ignored
Disliked{quote} yes, especially because its trough an exchange and not OTC - but it's very hard not getting chopped to death with that method , it looks like the holy grail in a fast moving market, but not in a slow non direction day.. I guess it depends on the stop and the target, it doesn't suit me to be honest..Ignored
Disliked{quote} one day itīs a good tactic, one day itīs not. no one can say if a slow moving market is changing to a fast moving with a breakout or not. if you have a limit not only for a single trade but a risk-budget for each trading-day, the risk of getting chopped to death is eliminated - as long as one follow his rules. as often, this is a question of money-management and disciplin.Ignored
Disliked{quote} yes, agree, but also one of the reasons I don't like breakouts ... and also a good idea to have a max drawdown everyday, especially if you're trading intraday.. but the strategy would prolly work if you had some fixed exit or something, one could do many different things and maybe work on some filters.. this is using the 1hour opening range after the 09.00 opening - one could use other TF, but this is just to filter some of the noise.. buy if price break the high, sell if price break the low - stop could be on the opposite side of the range...Ignored
Disliked{quote} agreed. to me itīs just one of the approaches i use among others. i understand why you donīt like it. today, there was no opportunity to use pivots, but as a daytrader, trying to make money each day, i could not resist... maybe i can make some points trading the dow.Ignored
Disliked{quote} I notice you have a downside daily stop of -50 points.Do you also have a daily target? eg... -10, 0 +30 +30 you stop and bank the 50 points on the day-- cheersIgnored