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THREE SET UPS
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Created: by Jeff Castille Attachments:243

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THREE SET UPS

  #311 (permalink)
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Fat Tails View Post
Are margin requirements really that important - or put in different words, are you trading or gambling?

Thanks Fat Tails for the Money Management reminder. I am doing 1-contract trades only (maximum 2 per day). To safeguard any unexpected "big" loss, my trades always have a pair of bracket orders.

Beth

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  #312 (permalink)
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Jeff Castille View Post
If news is coming out at 7:00 AM......I don't trade from 6:45-7:15. If you happen to be in a winner and your protective stop is at b/e +1 then you may choose to let it ride.

If a signal bar is generated from 7:00-7:15 (15 min chart) I will act upon it on bar close. This is NOT typical though......usually what happens is.......there is an over reaction to the news creating a very large bar......after the over reaction there is a pause......this often creates an inside bar......so in reality the next set up would occur at 7:30 in this example.

Hi Jeff

You trade between 9:00 am and 12:00 noon in the morning. Will you take a trade when the signal bar (say an Inside bar) completes at 9:00 am? Appreciate your tip. Thank you.

Beth

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  #313 (permalink)
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cunparis View Post
Inside bar didn't do so well today.

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I ended up -$215 on crude. But was 3/3 on ES.

Yes....OUCH..........but.......the day isn't over. These are the times when having a good "forgetter" is important ! lol Just move on to the next set up.

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  #314 (permalink)
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wgreenie View Post
Hi Jeff

You trade between 9:00 am and 12:00 noon in the morning. Will you take a trade when the signal bar (say an Inside bar) completes at 9:00 am? Appreciate your tip. Thank you.

Beth

I trade between 6-9 and 10-11:15 PST and ......yes......if the bar immediately preceeding the open and the end of lunch is a good set up bar then I take the trade......because it is triggered during the trading hours.

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  #315 (permalink)
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wgreenie View Post
3 1-contract trades based on 2 Inside Bar set-ups. $80 before commission.

Great job.

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  #316 (permalink)
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Hi Beth,

sounds reasonable! But why are you then interested in trading on a lower margin? For me the margin requirements have never ever been a criterion to select my broker, as all brokers require less margin than my money management rules.

I strongly believe that all those who are trading on a reduced margin are heading for disaster.


wgreenie View Post
Thanks Fat Tails for the Money Management reminder. I am doing 1-contract trades only (maximum 2 per day). To safeguard any unexpected "big" loss, my trades always have a pair of bracket orders.

Beth



Last edited by Fat Tails; June 29th, 2010 at 02:15 PM.
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  #317 (permalink)
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Got this just now @ a little into NY mid-session

Just came back after some hours out of my trading desk; and got this HIT @ 6E @ 6:00pm(GMT+1).

Lolu

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THREE SET UPS-3setups6e29062010_0607pm.png  
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  #318 (permalink)
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Fat Tails View Post
Hi Beth,

sounds reasonable! But why are you then interested in trading on a lower margin? For me the margin requirements have never ever been a criterion to select my broker, as all brokers require less margin than my money management rules.

I strongly believe that all those who are trading on a reduced margin are heading for disaster.

I agree with you Fat Tails 1,000,000,...%! I have been trading mainly stocks and directional options with IB for 4+ years. Most of the investment funds reside with IB and Mirus is a new comer early this year. Lower margin = less transfer between accounts. No worries. I'm a Conservative trader and will never trade beyond predetermined limits.

Beth

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  #319 (permalink)
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Cunparis- how is your time zone related to EST.
are you in GMT+1?

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  #320 (permalink)
 Vendor: www.ezcolortrading.com 
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A Long profitable trade to end the day. $200 before commission.

Note:

1. In real life, I seldom trade in the afternoon based on my former "losing" trading experience.

2. High/Low for the Yellow inside bars have been shifted to their subsequent bars because I was running the Inside Bar strategies.

3. Bracket orders for the Long trade back to normal in the afternoon though I had to cancel the Sell Stop order manually.

Beth

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THREE SET UPS-cl-08-10-6_29_2010-15-min-pm.jpg  

Last edited by wgreenie; June 29th, 2010 at 06:53 PM. Reason: Fixed typo on the chart
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