| StockFetcher Forums · General Discussion · NEVER LOSE AGAIN!! | << 1 ... 19 20 21 22 23 ... 105 >>Post Follow-up |
| TheRumpledOne 6,529 posts msg #68665 - Ignore TheRumpledOne |
10/22/2008 9:42:29 AM
The system may be flawless but it's up to the trader to execute properly. |
| TheRumpledOne 6,529 posts msg #68668 - Ignore TheRumpledOne |
10/22/2008 10:39:29 AM
RIMM GAP DOWN ONLY TRADE LONG UNTIL GAP FILLS. |
| ultra5150 15 posts msg #68669 - Ignore ultra5150 |
10/22/2008 10:54:41 AM Does it look like we'll get some apple juice today? |
| luc1grunt 622 posts msg #68670 - Ignore luc1grunt modified |
10/22/2008 11:16:02 AM Avery, I think many of those seeking more knowledge of your system wish to know your trade entry, stop (mental or physical), profit goals and overall trade management. Since you are posting nearly real time, a great education may be provided if you show the live trades and your thought processes. Many on here understand them and know "how to trade", but to those "relatively" new, this would benefit greatly. I did exactly that in the daytrading tips thread. Just a suggestion my friend. Grunt |
| lctrcbddha 28 posts msg #68671 - Ignore lctrcbddha |
10/22/2008 11:19:52 AM I'm not actively trading this (yet). But from what I understand, TRO says... For down gaps - when a green candle is above the open by .20, buy. For up gaps - when a red candle is below the open by .20, short. Don't wait for the candles to close. Just do it. Exit at any weakness. I'm still not sure how "weakness" is defined. Sometimes TRO says to just scalp .10, sometimes he says to let it ride. The sell stop is the opposite end of the buy zone than your entry. But TRO says you should have already scalped your .10 before that happens. If the price moves your way by 1.00 and stops, TRO says to exit. Again, sometimes TRO says to let it ride though. After the gap closes, yes continue using the original buy zone. However, one is not limited to trading only in the direction of the gap once the gap has been filled. Yeah, there does seem to be an uncomfortable degree of "feeling" and "knowing" with this method, especially with regard to whether to scalp before a loss or let it ride. Even if you just let it ride though, the statistics are on your side. ultra5150 wrote: > When you fade the gap, do you actually watch your screen all days, and just use your > instinct to get out of a trade (like when the price is whipsawing), or if there's a special > trick to it? > Do you set a particular point to take profit? How do you know if the price will continue > to run higher or lower? > Without a sell stop, how can you tell the day is not gonna go your way? Or do you just > hold your breath and watch? > After the gap is filled, you said you will trade both up and down, do you still stick with > the original buy zone (open +- $0.10)? > I have looked through this thread and maybe I missed it, but I don't understand the key > to entries and exits, perhaps you or someone who are trading with this strategy can help? |
| TheRumpledOne 6,529 posts msg #68672 - Ignore TheRumpledOne |
10/22/2008 11:32:38 AM
GAP FILL! |
| TheRumpledOne 6,529 posts msg #68673 - Ignore TheRumpledOne |
10/22/2008 11:33:44 AM
DIMES COUNT, TOO. |
| TheRumpledOne 6,529 posts msg #68674 - Ignore TheRumpledOne |
10/22/2008 11:35:29 AM luc1grunt Avery, I think many of those seeking more knowledge of your system wish to know your trade entry, stop (mental or physical), profit goals and overall trade management. Since you are posting nearly real time, a great education may be provided if you show the live trades and your thought processes. Many on here understand them and know "how to trade", but to those "relatively" new, this would benefit greatly. I did exactly that in the daytrading tips thread. Just a suggestion my friend. Grunt =================== I have posted the BUY ZONE RULES. There is NO THINKING INVOLVED. It's all REACTION. |
| luc1grunt 622 posts msg #68675 - Ignore luc1grunt |
10/22/2008 12:07:45 PM I understand (always have)....the post was for others who continue to ask the same questions. I don't think they lack intelligence or ability, I think just want clarification. Human nature to be inquisitive. Maybe this will do. |
| TheRumpledOne 6,529 posts msg #68677 - Ignore TheRumpledOne |
10/22/2008 2:01:00 PM
GOOD EARNINGS. |
| StockFetcher Forums · General Discussion · NEVER LOSE AGAIN!! | << 1 ... 19 20 21 22 23 ... 105 >>Post Follow-up |