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TRADE ENTRY INTRADAY by CUTLOSS


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TRADE ENTRY INTRADAY by CUTLOSS

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  #1 (permalink)
 Cutloss 
Midway florida
 
 
Posts: 244 since May 2021

Started a thread on taking loss so now we must start a thread with ideas for trade entry.
This is for intraday trading

I will start with an idea later in this post for a trade entry.

How or why do we enter trades? we enter most trades to make money or at least try but should we be looking at the trade entry from a standpoint of what is the worst case scenario of loss at this point and if that is the case then why do so many not take appropriate losses and how is it a thread about TRADE ENTRY is starting out on a meandering path talking about losses from start point?

well we often just click and trade without thinking maybe even on a whim or maybe because we were looking at the wrong chart and traded the wrong insturment that can happen. here is a short list of reasons we might enter a trade.

1. technical chart reasons to buy or sell i.e. trend line broken
2. fundamental reasons i.e. economic report came out today i.e. jobs report
3. just guessing up or down i.e. its just 1 micro!
4. price action hh ll
5.volume action increasind decreasing delta etc
6. we want action see number 3
7. Technical price chart pattern
8. POC point of control i.e. mkt deltas and volume at price charts etc
9. Freind likes bitcoin higher see number 3 unless friend is elon musk
10. chart indicator or analytics say to buy or sell
11. momentum or speed of the market
12. the tape the order book

like a i said a small list

but when we enter an intraday trade it really boils down to 2 different things to start and that is we are expecting the market to do this "X" because of this "Y" so we are hoping xy are highly correlated once we take the trade. in simpler terms we would say

1. i think the market is going higher from here because it already fell this much and looks low. i think the selling is over. so I am buying (COUNTER TREND). This is a long trade into a falling market. we are buying lower lows.

2. I think the market is going lower from here because it just moved a lot lower and it looks like it might continue in the same direction longer so I am going to go with the trend and go lower by selling with the momentum. we are selling lower lows.

now. just reading those 2 and you can and should try to word them yourself but you will see the 1st option the counter trend move always seems like the easier one to get behind and the one that makes us feel smarter and the one that makes us think we are going to be very big winners by being almost the 1st people to buy! more on this later.

At least to me is for some reason is way easier for me to buy into a sell off and get long than it is for me to sell into a momentum lower lower selloff and go with this trend. (an dperhaps it is also to just sell period even if long and losing.. seem easier for me to buy a losing short rather than sell a losing long. and this is just me. for me it always seems easier to be a buyer in any situation. i just like to buy I guess!!!!

EXCEPT WAIT! why is it so damn easy for me to click sell and take a small profit but way more difficult to hit sell on a large profit and why can i just go market so easily to take a small profit or any profit for that matter? but i will wait and wait to get filled until i miss the trade on a limit order to enter the market long but i digress try and keep up! !ha ha ah I got long the ES earlier as i was sitting here. i study the mkts a lot. i enjoy watching random walks probably a little too much. that tag line for plenty of fish really reeled in the ladies. JK any digression 2 so im at what about 68. % done with digression..

Oh yeah trade entry.. so for me easier to buy on all occassions than it is to sell except when I am selling a profit. .that is like not even thinkng because there is no worry for loss or risk anymore. it feel sgreat to be risk off!! maybe that is also part of the problem. maybe risk on is where we should feel good and maybe risk off is when we whould be worreid becuase we are not making money or not trading and we are sitting here with 30 mkts and 8000 stocks. anyway ok that was 3.

TRADE ENTRY many facets which lead to position size and diversification even intraday and diversification of times and scales and am i a scalper or am i holder and what is it that i want to accomplish when i enter this trade? I WANT TO MAKE MONEY or points.

Trade ENTRY. Look at a 5 minute bar any 5 minute bar was it green or red? if green buy market
and if red sell market AFTER THE 1st 1 min and 20 seconds after the close of the 5 minute bar. or 80 seconds after the close of the 5 minute bar. if red sell if green buy

this ensures that you are going with trend and quite possibly buying low. if you are not buying low or high then you buying higher which is going with trend or selling lower which is going with trend. this way you take out your decisions and let the mkt dicate your price not YOU.

That was it for entry so far but feel free to add to this idea on trade entry with examples and pontifications. i got long an es earlier i did not even know teh mkt was going to be open. why did i enter well i said its a holdiay and they usually run it up on holiday markets. so i jut clicked buy and exited.

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  #2 (permalink)
 Cutloss 
Midway florida
 
 
Posts: 244 since May 2021

ScreenHunter 20574


just a thought that the usually run the sp500 higher on holiday so i bought one
total discretion but no more of a gamble than studying a price chart if that worked all the time or even half the time
we would have real day trading millionaires in ferraris and lambos on every corner and we all know that is not happening! because
when it does like the guy in game stop then send you to congress FAST!

that trade took 30 minutes to make 10 dollars! a 1 lot micro.
sounds pretty low doesnt it? is though. well i need to subtract my 1.90 in expenses evereyday those are still working against me on the weekends! so it is really 3.80 but its a 3 day weekend oh damn.. 5.70 in costs now!!

10-5.7= wow I am down to $ 2.30 now i pay 1.25 round turn which is very high if you ask me. that is why you want to get on to the minis as soon as possible.

BUt my expenses do not change if i am trading a MINI and not a micro however the RISK CHANGES by a FACTOR of 10! but maybe it lower due to much lower fees on the mini vs micro

a 1 lot in the ES with 2 full points is 100 dollars minus 5.70 is roughly 94 dollars in a half hour now that is nothing to be upset about but working in the micros actually teaches you discipline in a whole lot of ways because knowing and wanting to do mini size instead of mico but still learning in micro is discipline in itself because who walks into the bar and says

oh that guy just said he trades crypto and bitcoin ha well i trade the MICROs bahahah

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  #3 (permalink)
 Cutloss 
Midway florida
 
 
Posts: 244 since May 2021


at 750 i will take this trade entry ! which means 751.20 seconds i wil lbuy or sell the es based on the color of the 5 minute bar here we go !

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  #4 (permalink)
 Sandpaddict 
Langley
 
Experience: Intermediate
Platform: Ninjatrader
Broker: IB
Trading: Futures
 
Sandpaddict's Avatar
 
Posts: 643 since Mar 2020


Cutloss View Post
Started a thread on taking loss so now we must start a thread with ideas for trade entry.
This is for intraday trading

I will start with an idea later in this post for a trade entry.

How or why do we enter trades? we enter most trades to make money or at least try but should we be looking at the trade entry from a standpoint of what is the worst case scenario of loss at this point and if that is the case then why do so many not take appropriate losses and how is it a thread about TRADE ENTRY is starting out on a meandering path talking about losses from start point?

well we often just click and trade without thinking maybe even on a whim or maybe because we were looking at the wrong chart and traded the wrong insturment that can happen. here is a short list of reasons we might enter a trade.

1. technical chart reasons to buy or sell i.e. trend line broken
2. fundamental reasons i.e. economic report came out today i.e. jobs report
3. just guessing up or down i.e. its just 1 micro!
4. price action hh ll
5.volume action increasind decreasing delta etc
6. we want action see number 3
7. Technical price chart pattern
8. POC point of control i.e. mkt deltas and volume at price charts etc
9. Freind likes bitcoin higher see number 3 unless friend is elon musk
10. chart indicator or analytics say to buy or sell
11. momentum or speed of the market
12. the tape the order book

like a i said a small list

but when we enter an intraday trade it really boils down to 2 different things to start and that is we are expecting the market to do this "X" because of this "Y" so we are hoping xy are highly correlated once we take the trade. in simpler terms we would say

1. i think the market is going higher from here because it already fell this much and looks low. i think the selling is over. so I am buying (COUNTER TREND). This is a long trade into a falling market. we are buying lower lows.

2. I think the market is going lower from here because it just moved a lot lower and it looks like it might continue in the same direction longer so I am going to go with the trend and go lower by selling with the momentum. we are selling lower lows.

now. just reading those 2 and you can and should try to word them yourself but you will see the 1st option the counter trend move always seems like the easier one to get behind and the one that makes us feel smarter and the one that makes us think we are going to be very big winners by being almost the 1st people to buy! more on this later.

At least to me is for some reason is way easier for me to buy into a sell off and get long than it is for me to sell into a momentum lower lower selloff and go with this trend. (an dperhaps it is also to just sell period even if long and losing.. seem easier for me to buy a losing short rather than sell a losing long. and this is just me. for me it always seems easier to be a buyer in any situation. i just like to buy I guess!!!!

EXCEPT WAIT! why is it so damn easy for me to click sell and take a small profit but way more difficult to hit sell on a large profit and why can i just go market so easily to take a small profit or any profit for that matter? but i will wait and wait to get filled until i miss the trade on a limit order to enter the market long but i digress try and keep up! !ha ha ah I got long the ES earlier as i was sitting here. i study the mkts a lot. i enjoy watching random walks probably a little too much. that tag line for plenty of fish really reeled in the ladies. JK any digression 2 so im at what about 68. % done with digression..

Oh yeah trade entry.. so for me easier to buy on all occassions than it is to sell except when I am selling a profit. .that is like not even thinkng because there is no worry for loss or risk anymore. it feel sgreat to be risk off!! maybe that is also part of the problem. maybe risk on is where we should feel good and maybe risk off is when we whould be worreid becuase we are not making money or not trading and we are sitting here with 30 mkts and 8000 stocks. anyway ok that was 3.

TRADE ENTRY many facets which lead to position size and diversification even intraday and diversification of times and scales and am i a scalper or am i holder and what is it that i want to accomplish when i enter this trade? I WANT TO MAKE MONEY or points.

Trade ENTRY. Look at a 5 minute bar any 5 minute bar was it green or red? if green buy market
and if red sell market AFTER THE 1st 1 min and 20 seconds after the close of the 5 minute bar. or 80 seconds after the close of the 5 minute bar. if red sell if green buy

this ensures that you are going with trend and quite possibly buying low. if you are not buying low or high then you buying higher which is going with trend or selling lower which is going with trend. this way you take out your decisions and let the mkt dicate your price not YOU.

That was it for entry so far but feel free to add to this idea on trade entry with examples and pontifications. i got long an es earlier i did not even know teh mkt was going to be open. why did i enter well i said its a holdiay and they usually run it up on holiday markets. so i jut clicked buy and exited.

3. Lol. No really!

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  #5 (permalink)
 Cutloss 
Midway florida
 
 
Posts: 244 since May 2021

ScreenHunter 20576



that one was a quick scalp winner off of the same momentum strategy entry idea. now i took the winner fast because it was the 3rd red bar lower and i figured a reversal may come since it is a holdiday trade and I am going to be going on a short sunset walk in the woods with my girl and my dog.

you should try this entry on the next bar. you do not need to wait for another 5 minute bar.. the previous one was red so at every 80 seconds past the 5 mins you can sell 1.

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  #6 (permalink)
 Cutloss 
Midway florida
 
 
Posts: 244 since May 2021

ScreenHunter 20577



calling it a night. have a great holdiay tomorrow.

I bought one more an ENTRY into a losing trade on a scalp based on my premise that there is usally a lil buying pressure when mkts are open during the holdiays or in between.

I forced my fill by triggering some algos with a market order.

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  #7 (permalink)
 bobwest 
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart, NinjaTrader
Trading: ES, YM
 
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Cutloss View Post
ScreenHunter 20577



calling it a night. have a great holdiay tomorrow.

I bought one more an ENTRY into a losing trade on a scalp based on my premise that there is usally a lil buying pressure when mkts are open during the holdiays or in between.

I forced my fill by triggering some algos with a market order.

Hi @Cutloss,

I am transferring this thread from the Emini and Emicro Index section to Trade Journals, which better reflects its content. Locating threads in more appropriate sections keeps the forum better organized and easier to use by members who are interested in them.

It is an interesting thread, as your previous one is also.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
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  #8 (permalink)
 Cutloss 
Midway florida
 
 
Posts: 244 since May 2021

monday night futures..are they open tonight?

here is my entry for tonight. I am looking to buy a dip. if we get one.. i will wait if the mkt sells off on the 1 minute until we have 1 green bar after 2 reds in a row..
so red red green i buy mkt .. 15 seconds after the close of the 1 minute bar

again.. 1 minute bars.. red red green 15 seconds buy

or if green green red bar 15 seconds then sell i fyou want to get short. agaisnt a buy

just an idea nothing to back it up .. i am just throwing out entry ideas for all to watch and try to get away from tradign price action based on bar closes which is what
so many are doing now too crowded.. no thank you on an entry

in the nq i would look for a tet of 13620s before i would bu it if it sells hard.

off for a bike ride. before the open and i wont be trading much tonight headed out for a drink later. watching the sunset

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  #9 (permalink)
 Cutloss 
Midway florida
 
 
Posts: 244 since May 2021

just entered and exited the ym i am trying to trade all 4 indexes the russell the nq the dow and the sp500 so that i can get great at trading all of them as well as soon coming up oil natural gas and currencies i am going to start trading some bitcoin also.. day trading that is. because as much as i dont like it is sure does move and i like that!!

trades for tonight. batting 100%
ScreenHunter 20597

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