What trigger(s) do you use to get into a trade ?

This is a discussion on What trigger(s) do you use to get into a trade ? within the New to Trade2Win forums, part of the Reception category; I always try and enter on a pullback. This keeps my exposure to a minimum. On FTSE max stop usually ...

Reply
 
LinkBack Thread Tools Search this Thread
Old May 22, 2008, 11:23pm   #17
 
ceydababy's Avatar
Joined Apr 2007
Pullbacks....

I always try and enter on a pullback. This keeps my exposure to a minimum. On FTSE max stop usually 5 points.

I have two MA's and bollinger bands and dependent where the price is when I get the signal, I look for pullbacks to the Bolly Bands or the MA's.

I always drop t/f's too for entries. I find by drilling down I can pinpoint an entry much more clinically than just hitting from my higher t/f.

I guess this is a bit fuzzy and discretionary ! but it seems to work for me.
ceydababy is offline   Reply With Quote
Old May 23, 2008, 12:46am   #18
 
options's Avatar
Joined Jul 2001
Quote:
Originally Posted by rathcoole_exile View Post
I use Pivots too, I'm a big fan.
i'm aware that there are many variations, but never got my head around Camarillas, Fin Pivots etc.

Does anyone use any such variation, and if so can you explain what the difference is and why you use it ?

Or does everyone just stick with "normal" PPs ?
"...but never got my head around Camarillas"

Gave up on that when she started shagging prince charles...
__________________
http://www.trade2win.com/boards/truth/

"Adapt or die!" Said the Coackroach to the Dinosaur.

Beware of false signals bearing gifts.

"I have seen the enemy...and it is me."

Follow the path of least resistance.

Last edited by timsk; Oct 14, 2010 at 12:13pm. Reason: Housekeeping
options is offline   Reply With Quote
Thanks! The following members like this post: rathcoole_exile , nkruger
Old May 23, 2008, 11:40pm   #19
 
options's Avatar
Joined Jul 2001
K, to try and get this thread back on track...

What Rathcoole said in his first post does hold a bit of sway. I know a trader who would not even think about trading when winds are very strong around him. (I am being serious now)...(Stop laughing)...

He also doesn't normally trade on a Friday. He calls it traders graveyard day.


Anyway... Support and resistance and pivot points have always worked well for me.

Then letting and having the patience to allow the market to lead you in the correct direction.

The smaller the time frame though the harder it is.
__________________
http://www.trade2win.com/boards/truth/

"Adapt or die!" Said the Coackroach to the Dinosaur.

Beware of false signals bearing gifts.

"I have seen the enemy...and it is me."

Follow the path of least resistance.
options is offline   Reply With Quote
Old May 24, 2008, 7:50pm   #20
Joined Feb 2004
Quote:
Originally Posted by options View Post
K, to try and get this thread back on track...

What Rathcoole said in his first post does hold a bit of sway. I know a trader who would not even think about trading when winds are very strong around him. (I am being serious now)...(Stop laughing)...

He also doesn't normally trade on a Friday. He calls it traders graveyard day.


Anyway... Support and resistance and pivot points have always worked well for me.

Then letting and having the patience to allow the market to lead you in the correct direction.

The smaller the time frame though the harder it is.


if your being serious about not trading on fridays, then thats quite mad as fridays has always been really bad for me and i was actually seriously thinking about making it a strict rule that i don't trade on fridays.
jayjay121 is offline   Reply With Quote
Old May 24, 2008, 8:23pm   #21
 
rathcoole_exile's Avatar
Joined Jun 2007
Quote:
Originally Posted by jayjay121 View Post
if your being serious about not trading on fridays, then thats quite mad as fridays has always been really bad for me and i was actually seriously thinking about making it a strict rule that i don't trade on fridays.
many people do the same.
especially when you consider that Fridays, in addition to all the other usual profit taking activity etc, are also the weekly and monthly Options expiration days with all the added volatility that that produces.
__________________
my Opinion is never "humble "

karl6666: 'Why doesnt anybody like you R_E, is it because you shout?'
rathcoole_exile is offline   Reply With Quote
Old May 24, 2008, 11:47pm   #22
 
options's Avatar
Joined Jul 2001
Excellent reply Rathcoole grasshopper son. You learn your lessons well...

But. The market being the double edged sword that it is also provides ample opps for the short time frame trader who is not afraid to take those opportunities.

As a general rule though, spot on. A lot of pros take a long weekend. Or at least are done by 10 ish uk time.

Me though, just to be obstropulous, Fridays have always been good to me. Mondays have always been terrible... Some traders do a 3 day week, some do full time for 5 months and take the rest of the year off.

It is whatever works for you.

I would personally only want to make one trade a year.

No. guess not. I would get bored.
__________________
http://www.trade2win.com/boards/truth/

"Adapt or die!" Said the Coackroach to the Dinosaur.

Beware of false signals bearing gifts.

"I have seen the enemy...and it is me."

Follow the path of least resistance.
options is offline   Reply With Quote
Old May 25, 2008, 8:22am   #23
Joined Mar 2007
Hi options good to see you about mate hope your well...been a while!

As far as triggers go and nick will already know this the 20ema works great for me, after a divergance setup in the trend of the higher timeframe.
brutusdog is offline Commercial web site   Reply With Quote
Old May 25, 2008, 9:32am   #24
Joined Feb 2004
for me at the moment .........it goes in this order and i like all to be confirming.

regular divergence only (more powerful if part of a 1,2 step pattern)
a broken trendline,
clear of s and r with enough room to make my target,
finally check my dom to see levels are in my favour.

its quite alot and i must admit i sometimes enter trades without all confirming, but when all are very high probability.............
jayjay121 is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Article: Pulling the Trigger Q&A T2W Bot Educational Resources 4 Sep 20, 2009 7:51pm
Likely trigger of world war three? arabianights The Foyer 47 Dec 24, 2008 5:29am
Can't Pull the Trigger dugan51 Psychology, Risk & Money Management 47 May 1, 2006 5:42pm
Trigger block? daxdaytrader Psychology, Risk & Money Management 0 Apr 6, 2006 10:32pm
IB TWS - Why Didn't My Stop Trigger? jonnyy40 Brokerages 2 Oct 24, 2003 10:50am

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)