Early Morning Range Breakouts using time and sales

GRPN Short 1700 @ 12,81
Stop @ 13.08

Covered 1000 shares @ 12.60

ESRX Short 1000 @ 53.97
Stop @ 54.20

cover half @ 53.56

GRPN cover the rest for 12.48

ESRX cover other half @ 53.55

Daysummary







Nice trades with markets heading my way in the afternoon.

Hi Somesh,

(1) Do you use 4 pc's? I use a 15" laptop and sometimes an attached second 22" screen.
I iterate thru the stocks in my scanner, until I see something that is nearby the early range. Then I look how it behaves and how it was traded earlier, before I hit the buy or sell button.

(2) I think there is no need to have lots of monitors to display all the stocks in your watchlist at the same time. A main monitor with your charting package and another one for the broker software and optionally one for the news (if you are using a news service).

(3) It's true that shorting isn't always available at IG. I have experienced this a few times too. May be the new options feature could provide some help here, but I am not familiar with that. The trades on this thread are papertraded with ProRealtime. It is a fairly good simulator, but I have to pay a subscription license to use it for intraday trading.

Due the fact that I have a dayjob, I cannot trade the US morning session very often. Sometimes I trade it on monday.

Your trades looks indeed familiar with mine. How do you do your stockpicking/selection? Do you use a news service or a scanner, or both?

Do you trade also in the afternoon session? The MAKO and PETD trades do take up a long time to develop. Do you sit at the screen all this time? I trade the afternoon session from (local time) 20:00 until 22:00. Thats long enough for me to hold my concentration.

Cheers,
Robocop