TheRumpledOne 6,529 posts msg #69177 - Ignore TheRumpledOne |
11/11/2008 9:36:58 AM

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TheRumpledOne 6,529 posts msg #69178 - Ignore TheRumpledOne |
11/11/2008 9:50:59 AM
Gap filled, clear to trade both ways.
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dforant1 76 posts msg #69179 - Ignore dforant1 |
11/11/2008 1:26:23 PM
11/7/2008 7:04:12 PM
*chetron
- Ignore chetron 11/6/2008 8:11:22 PM
@dforant1
DID YOU HEAR ANYTHING FROM AMERITRADE FOR MILKING THE COWS? *
Chetron ......Actually I found a method using Stategy Desk. Trendlines with Trade Manager make excellent alerts and activations in one move or use a conditional order and add in a stop. Ameritrade was utterly rude not responding :-) Those Cows don't stand a chance.
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chetron 2,817 posts msg #69180 - Ignore chetron |
11/11/2008 1:53:45 PM
@ dforant1
THANX FOR THE UPDATE.
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TheRumpledOne 6,529 posts msg #69181 - Ignore TheRumpledOne modified |
11/11/2008 3:03:19 PM
Sometimes, you have to WAIT.
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Eman93 4,750 posts msg #69183 - Ignore Eman93 modified |
11/11/2008 4:29:43 PM
All gaps get filled, sometimes just not on the same day!!
TRO I know this in not MTC but i really love the symmetry!!!
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TheRumpledOne 6,529 posts msg #69184 - Ignore TheRumpledOne |
11/11/2008 5:27:45 PM
GAPS in price usually get filled.
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dforant1 76 posts msg #69187 - Ignore dforant1 |
11/11/2008 7:30:02 PM
.when using the buy zone the actual open doesn't always match the opening candle. Use the actual open correct?
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Eman93 4,750 posts msg #69188 - Ignore Eman93 |
11/11/2008 11:03:09 PM
dforant1
- Ignore dforant1 11/11/2008 7:30:02 PM
.when using the buy zone the actual open doesn't always match the opening candle. Use the actual open correct?
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No you need to wait until 9:30am EST to get the true open..the open of the first bar of the day is the open price.
The buy zone is offest from the open price Open + 0.10 to 0.20 for long and Open - 0.10 to 0.20 for short.
Trading at the open is very volatilel, have your orders staged if you can, then you can have your finger on the button at all times.
I have been working on gap down "long" trades Buy At Stop (Open + 0.20) most of the time the price has wizzed past my buy zone by the time I hit the order button, I get an error back saying "current price is above Stop" and I miss the trade.
I have a better tool now that will let me pre stage a stack of orders, I wish I could have a radar screen like TRO (I have to manualy gather the opens and this takes time) I am working on having the orders prestaged automaticlly at the open.
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TheRumpledOne 6,529 posts msg #69189 - Ignore TheRumpledOne |
11/11/2008 11:53:39 PM
dforant1
11/11/2008 7:30:02 PM
.when using the buy zone the actual open doesn't always match the opening candle. Use the actual open correct?
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It depends on your platform/charting package.
TradeStation uses a consolidated data stream which means premarket orders can MESS UP the open of the first candle. THAT COST ME THOUSANDS OF DOLLARS YEARS AGO!
Now they have the DAILYOPEN FIELD for your chart indicators to use, thanks to you know who.
So to answer your question, you need to use the actual open price to calculate the long and short triggers.
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