tag:blogger.com,1999:blog-1325562478910773152.post1132281113831430429..comments2023-10-05T07:58:27.997-04:00Comments on OONR7: ICUI - Short... FME!!!!Unknownnoreply@blogger.comBlogger8125tag:blogger.com,1999:blog-1325562478910773152.post-66186810403672434122008-01-29T22:28:00.000-05:002008-01-29T22:28:00.000-05:00graytrader. ive found that when i take trade long ...graytrader. ive found that when i take trade long near ORL, or short near ORH, an .11 stop works pretty well - and that is not dependent upon price of shares. since crooks are habitual, ill sometimes go .13 as MMs still think in terms of tennies (1/16th) and 1/8th.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1325562478910773152.post-52566878158037726562008-01-29T20:43:00.001-05:002008-01-29T20:43:00.001-05:00And how did the futures trading go today?And how did the futures trading go today?Hammer Traderhttps://www.blogger.com/profile/01899289854022297720noreply@blogger.comtag:blogger.com,1999:blog-1325562478910773152.post-29816945055083866752008-01-29T20:43:00.000-05:002008-01-29T20:43:00.000-05:00OO: Why not wait until the price drop below the OR...OO: Why not wait until the price drop below the ORL and get an entry, for example 12:45 bar.<BR/><BR/>I picked RF on break of 6th bar, but didn't get much out of it.Hammer Traderhttps://www.blogger.com/profile/01899289854022297720noreply@blogger.comtag:blogger.com,1999:blog-1325562478910773152.post-87445740363089555662008-01-29T19:33:00.000-05:002008-01-29T19:33:00.000-05:00GT,Good observation, I use the outside bar to set ...GT,<BR/><BR/>Good observation, I use the outside bar to set my stop as opposed to the trigger bar. This often saves the trade for me.<BR/><BR/>In the case of ICUI, bars 2,3 and 4, have a high of exactly $31.50 which forms a bullish base, after which price spikes. The bulls are trying to defend this number as support. That defense is what causes the head fake on the first breach. Happens often and that's why I started using the outside bar as my stop.TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-1325562478910773152.post-53488767941118181552008-01-29T17:59:00.000-05:002008-01-29T17:59:00.000-05:00Interesting example.I have spread displayed right ...Interesting example.<BR/><BR/>I have spread displayed right beside last price in QT. For stocks under 100$, I discard anything with more than a 3-4 cent spread.<BR/><BR/>For ICUI, my stop would have been 12 cents away from my entry. With a 8 cent spread, that is only a measly 4 cent cushion before taking a 1R loss... and that is without slippage which could easily be a multiple of 8 cents.<BR/><BR/>I have noticed that when Jamie trades stocks with large spread, his stop is usually the high/low of a previous range of candles iof the entry candle. One could add 7-10 cents to the high of the entry candle in the case of ICUI, giving it more room. I am sure Jamie can enlighten us :-)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1325562478910773152.post-38111365914516237952008-01-29T17:34:00.000-05:002008-01-29T17:34:00.000-05:00thanks prd but... I actually exited BEFORE the mov...thanks prd but... I actually exited BEFORE the move. Sorry I didn't make that clear in the post (I just adjusted).OONR7https://www.blogger.com/profile/17622886234639917711noreply@blogger.comtag:blogger.com,1999:blog-1325562478910773152.post-69475354913656624032008-01-29T17:33:00.000-05:002008-01-29T17:33:00.000-05:00we are in the FED window, so congrats on being war...we are in the FED window, so congrats on being wary. the market is just f-ing with you - the next time to you try to hold something like that they will kneecap you. :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1325562478910773152.post-5660621823610483452008-01-29T17:10:00.000-05:002008-01-29T17:10:00.000-05:00Nice trade 007,i was very cautious today & that wa...Nice trade 007,i was very cautious today & that was good for me ,i took more then dollar gain but as i was careful i entered only 200 share.Good to see u r back with stock.PRD traderhttps://www.blogger.com/profile/06541433100379385122noreply@blogger.com