Early Morning Range Breakouts using time and sales

This is a discussion on Early Morning Range Breakouts using time and sales within the Trading Journals forums, part of the Reception category; Originally Posted by piggybridges wolfewave targeting 37.70ish? (not that I trade such patterns. Just taking a guess, lol) good journal ...

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Old May 21, 2012, 9:54pm   #177
 
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Re: Early Morning Range Breakouts using time and sales

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Originally Posted by piggybridges View Post
wolfewave targeting 37.70ish? (not that I trade such patterns. Just taking a guess, lol)

good journal
Thanks, I will lookup that pattern later.
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Old May 22, 2012, 8:17am   #178
 
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Re: Early Morning Range Breakouts using time and sales

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@Winattrading, the patterns still exists!

Cheers,
Robocop
Yesterday was the perfect day to trade breakouts! So well done.
The market pretty much rallied from the open to the close with a bit of pausing here and there. It proves again how important it is to follow the futures. Now its just a matter of getting a hold of the distinction of when is a good time to be trading this strategy due to the sentiment or market conditions being right, or when is a good time to be staying out of the market as the markets decide what to do and oscillate. There will always be days like this, but they dont come that often, so how do you know when?

If you look at your results over the last month, you would find far better profits if you only traded ORB when the market is working in your favour. i.e. Taking shorts when the market is bearish, and taking longs when the market is bullish.

I'm still getting my head around the trading times, as this can also have a dramatic effect on your profits.

Good trading Robocop.
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Old May 22, 2012, 3:40pm   #179
 
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Re: Early Morning Range Breakouts using time and sales

long URBN, SLV, GG, NOV, C, EOG, CHK

Looking like a good day for breakouts.
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Old May 22, 2012, 6:02pm   #180
 
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Re: Early Morning Range Breakouts using time and sales

robocop started this thread take a look at BMC
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Old May 22, 2012, 6:27pm   #181
 
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Re: Early Morning Range Breakouts using time and sales

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take a look at BMC
I was as looking for a long, but it tends to break out to the lows.

Look for something else.

Last edited by robocop; May 22, 2012 at 6:36pm.
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Old May 22, 2012, 8:08pm   #182
 
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Re: Early Morning Range Breakouts using time and sales

robocop started this thread CREE long 900 @ 27.51
Stop @ 27.30
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Old May 22, 2012, 8:22pm   #183
 
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Re: Early Morning Range Breakouts using time and sales

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CREE long 900 @ 27.51
Stop @ 27.30
Stopped out and made a mistake to take the opposite direction as well. Let see what it does.
stop now to 27.40
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Old May 22, 2012, 8:33pm   #184
 
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Re: Early Morning Range Breakouts using time and sales

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Stopped out and made a mistake to take the opposite direction as well. Let see what it does.
stop now to 27.40
Taken half @ 27.01
stop to 27.30
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