Comments on: Dummy Trading – “Creative” Entries? http://blog.stocktickr.com/2006/09/21/dummy-trading-creative-entries/ Improve your trading! Sun, 07 Nov 2010 23:29:05 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Dave http://blog.stocktickr.com/2006/09/21/dummy-trading-creative-entries/comment-page-1/#comment-408 Dave Thu, 28 Sep 2006 12:05:30 +0000 http://blog.stocktickr.com/2006/09/21/dummy-trading-creative-entries/#comment-408 @butterboy Thanks for the informative comments. It's funny that you mention that you use the 15 minute bars to trade later in the day. I've been using them to trade earlier in the day and then switch to the 30 minute bars around mid morning. @butterboy

Thanks for the informative comments. It’s funny that you mention that you use the 15 minute bars to trade later in the day. I’ve been using them to trade earlier in the day and then switch to the 30 minute bars around mid morning.

]]> By: butterboy http://blog.stocktickr.com/2006/09/21/dummy-trading-creative-entries/comment-page-1/#comment-406 butterboy Thu, 28 Sep 2006 01:28:29 +0000 http://blog.stocktickr.com/2006/09/21/dummy-trading-creative-entries/#comment-406 I dummy trade strictly off the fifteen minute candles. I think the key is not entering the trade as early in the day. Some stocks that are candidates are choppier in the morning and then tend to make the move after it's midday consolidation. If you notice, lots of trades on the 30 min bars happen after the third or fourth bar. By using the fifteen minute candles during that timeframe I can still get a reasonable stop. The key is to not get in so early in the day and just wait. Sure you'll miss some oppurtunities, but most of the time you'll catch the big movers. On that same day (9/21) there was an opportunity to short on the fifteen minute candle with a stop of approximately 20 cents if you include slippage at the time you thought about shorting. As far as deciding whether or not to take the trade, I'm not qualified to answer that. Personally, I'm horrible at choosing the "perfect" setup, so I just setup my criteria, and whatever shows up, I just take the trade. Through time I've created more rules just to filter out the stocks that are less probable to make a move , i.e. a bar opening on one side of the 20 MA and closing on another. I hope this comment was helpful. Good luck on your trades. I dummy trade strictly off the fifteen minute candles. I think the key is not entering the trade as early in the day. Some stocks that are candidates are choppier in the morning and then tend to make the move after it’s midday consolidation. If you notice, lots of trades on the 30 min bars happen after the third or fourth bar. By using the fifteen minute candles during that timeframe I can still get a reasonable stop. The key is to not get in so early in the day and just wait. Sure you’ll miss some oppurtunities, but most of the time you’ll catch the big movers. On that same day (9/21) there was an opportunity to short on the fifteen minute candle with a stop of approximately 20 cents if you include slippage at the time you thought about shorting. As far as deciding whether or not to take the trade, I’m not qualified to answer that. Personally, I’m horrible at choosing the “perfect” setup, so I just setup my criteria, and whatever shows up, I just take the trade. Through time I’ve created more rules just to filter out the stocks that are less probable to make a move , i.e. a bar opening on one side of the 20 MA and closing on another. I hope this comment was helpful. Good luck on your trades.

]]> By: zen-trader http://blog.stocktickr.com/2006/09/21/dummy-trading-creative-entries/comment-page-1/#comment-392 zen-trader Sun, 24 Sep 2006 06:10:43 +0000 http://blog.stocktickr.com/2006/09/21/dummy-trading-creative-entries/#comment-392 That set up, to me, would be a totally valid trade. That set up, to me, would be a totally valid trade.

]]> By: Jamie http://blog.stocktickr.com/2006/09/21/dummy-trading-creative-entries/comment-page-1/#comment-385 Jamie Fri, 22 Sep 2006 03:37:27 +0000 http://blog.stocktickr.com/2006/09/21/dummy-trading-creative-entries/#comment-385 Hey Dave, I played this one on the open because I was confident that everyone was, as you said, "stalking it". However, I did get nervous around noon, when it came back up and tagged yesterday's low. There were no dummy entry points, however, that tag and immediate pivot was probably the best intraday entry point (with a stop 10 above yesterday's low). Cheers to the great new stuff on this site! Hey Dave,

I played this one on the open because I was confident that everyone was, as you said, “stalking it”. However, I did get nervous around noon, when it came back up and tagged yesterday’s low. There were no dummy entry points, however, that tag and immediate pivot was probably the best intraday entry point (with a stop 10 above yesterday’s low).

Cheers to the great new stuff on this site!

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