long range bar sucks.
if people bought the close of the big bull bar at 3:50, they didn't even get ...
ppteam 发表于 2010-9-29 15:57
For big bar, I use tick charts to find the entry point. Spy's ticks chart looked more smooth. I was in when I saw a big reversal bar at the bottom around 15:45, longed at 1137.5 out at 1138.5, if I want take more risk , I could get two points. my 2cents
BOT SSO 11:26:41 @39.55 should be a few penny less due to slow system. I am trading at IB using ThinkorSwim chart.
SLD SSO 12:08:45 @39.72 took profit too early
SLD short SSO 14:20:53 @39.82 set stopped at 39.92, previous highest bar at 39.91.
BOT covered SSO 15:25:01 @39.56 after I moved the stopped at 39.55, it was hit :(. I should have waited for the 2nd leg.
yeah. but the problem for big bar is, one minute it could be a bull bar, and it could ...
ppteam 发表于 2010-9-29 16:08
I thought tick charts could solve big bar problems when we consider a entry point. It is very useful for trading reversal. I use both 5 mins and ticks chart.
Here attached a picture, It shows the reason when I consider trading a reversal scalp.
yeah, same here.
The first trade's long target is hard to set.
The second short, actually I think is good also. But it's hard to get the sharp down leg. who knows. Or, for range days, short from new high of the day, if the price action is choppy.