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| johnsund 16 posts msg #70157 - Ignore johnsund |
12/30/2008 10:21:23 AM TRO - Just to make sure I understand, you would Fade the Gap at the open, then looking at the AAPL chart from today, there would be no other trade opportunity until the gap filled at 10:40 (price moved downward, from open to close), and then the price moved to the Buy Zone at about 13:50, when green candles showed at the bottom edge of the blue line. That is the trigger to go long and maybe get $.25 from then until 13:59. Since the gap had not filled prior to 10:40 and no price thereafter entered the Buy Zone until 13:50, there were no statistically sound reason to enter a trade. Correct?? Thanks. ===================================== Correct? That's not the best question. Instead ask, WOULD THAT HAVE BEEN PROFITABLE? ===================================== TRO - Your are correct - that is the right question. It would have been slightly profitable - maybe $.25 if one were quick on the trigger . But, am I correct that the rules would have prevented any other entry until the gap had been closed because until the gap was filled there was not a statisically sound reason to enter? Thanks. |
| johnsund 16 posts msg #70160 - Ignore johnsund |
12/30/2008 10:28:58 AM Throughout this thread there are references to staging orders in Tradestation for AAPL and/or RIMM. I understand how this is done as a purely mechanical act - one has to only follow the instructions TS provides. However, I am not clear on where in the range of prices staged orders would be placed. With AAPL currently trading at about 87.30, where along the spectrum of prices would staged orders be placed. Already today the range of prices has been from a high of 87.75 to a low of 86.63. So, where would "staged order" prices be placed? Thanks for any assitance that can be provided. |
| TheRumpledOne 6,529 posts msg #70172 - Ignore TheRumpledOne |
12/30/2008 11:46:03 AM
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| TheRumpledOne 6,529 posts msg #70173 - Ignore TheRumpledOne |
12/30/2008 11:47:56 AM Staging orders? I have no idea what that is. Long trigger is open + .10 through open + .20 Short trigger is open - .10 through open - .20 Those are the ONLY ENTRY TRIGGERS. |
| johnsund 16 posts msg #70177 - Ignore johnsund |
12/30/2008 12:44:49 PM In this thread Eman93 used the term on 11/11/08, and on kreslik.com I am sure that the term was used, but am unable to utilize the search function - Mikal is addressing this for me. |
| TheRumpledOne 6,529 posts msg #70191 - Ignore TheRumpledOne |
12/30/2008 2:49:59 PM Staging orders has NOTHING to do with what I am doing. |
| TheRumpledOne 6,529 posts msg #70193 - Ignore TheRumpledOne |
12/30/2008 3:06:58 PM
ALL BIG MOVES MUST PASS THROUGH THE BUY ZONE - NO EXCEPTIONS! |
| johnsund 16 posts msg #70202 - Ignore johnsund |
12/30/2008 4:10:58 PM TRO - I assume from your comment on the last post of the chart that you would have made the downtrending trade that began at about 10:23 as price entered the first red line on a red candle at about 87.32, and then would have ridden the price down to about 84.90 or so. Since price did not fill the gap (from open to prior close) until later in this series of candles, is this one of those times that you know from experience that since price got very close to filling the gap, but did not, that that was good enough and you entered the trade any way? This is the point I am still stuck on. For us newbies, MUST the gap be filled prior to any trades other than Fading the Gap at the open? Or are there times when close is good enough? Thanks for your patience!!! JS |
| TheRumpledOne 6,529 posts msg #70209 - Ignore TheRumpledOne modified |
12/30/2008 5:46:34 PM "For us newbies, MUST the gap be filled prior to any trades other than Fading the Gap at the open? Or are there times when close is good enough?" AAPL gapped UP. So you can only go SHORT until the gap fills. There were only SHORT trades on AAPL today. Close is NOT good enough. Does that answer your question? |
| johnsund 16 posts msg #70210 - Ignore johnsund |
12/30/2008 7:03:07 PM As you well know I am struggling to "see" as you do, and therefore my question has not been clearly answered. I am looking at the 1 minute AAPL chart from today. I see the gap up at the open. As the red candle drops into the red buyzone ( - .10) from the open it is a buy signal to go short. That carries into the 2nd minute where one would probably get out, or if you have the experience to anticipate what might happen, you might stay in the short trade until the 6th minute and then exit. Whatever. Your answer was, "There are only SHORT trades on AAPL today." What is confusing to me is the word "trades", indicating there is more than one. If the rule about the closing the gap should not be violated, then I see just one legitimate trade today - the Fade the Gap trade at the opening as described above. After that, while the gap did fill at about 10:49, from then until closing no red or green candle entered or exited the buy zone. So, not to beat a dead horse (me????) is there more than one legitimate trade today that does not violate the fill the gap rule? If so what is it? Thanks for your patience!!! JS |
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