This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.
We are fundamentally different than most other trading forums:
We work extremely hard to keep things positive on our forums.
We do not tolerate rude behavior, trolling, or vendor advertising in posts.
We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
We expect our members to participate and become a part of the community. Help yourself by helping others.
You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.
Looking at your watch list in hindsight, the easiest way to trade, I see several opportunities to take a dollar out of the swings the stocks made.
I know that trading on the right hand side of the chart is much tougher. I wonder what you are looking for and if monitoring that big a watch list on a one minute chart is problematic?
One other thing I noticed is that 4 of the stocks on your watch list have an ATR of less than the $1.00 target you aim for.
It is hard to find the Truth when you start your search with a preconceived notion of what the Truth will be.
I am mostly looking for one way directional moves from the open. So ideally moves which have taken price beyond the open and past the previous day close. Although I occasionally trade gap fades it is not something I am entirely comfortable with. Also don't like to chase if a stock has already moved like 6-7%. It depends on if I see anything on the tape, how it is behaving relative to market etc.
ADSK > was borderline as it was approaching +7% when it pulled back. However it can move 2 or 3 points from open in earnings, so in hindsight maybe too much hesitation.
ARUN > was chopping around the open pivot > disregarded
BCEI > this was decent, but tape was showing selling absorption in the 20.20s. Didn't stick with it, otherwise I could have entered when the level broke.
DGI > straight up from open > no pullbacks of any note until 32.50 level > left it alone as it was over 2.5 pts by that time
GPS > chopping around the open pivot > left it
HLF > fake down > then fake up as it moved back down negative > left it alone
HZNP > judged it had move too much before pullback
ISIS > moves too big > would have required big stop
NRG, SPLK > gap fade > left it
SWN > Failed to hold open then bouncing around the prev day close > left it alone
With regards to ATR , I typically include stocks which have moved decent amounts in previous earnings. So I don't have a hard and fast rule on ATR.
Thanks for input.
The following user says Thank You to jitasb for this post:
