Early Morning Range Breakouts using time and sales

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Old May 14, 2012, 9:22pm   #81
 
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Re: Early Morning Range Breakouts using time and sales

robocop started this thread DISCA Short 2500 @ 50.69
Stop @ 50.77
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Old May 14, 2012, 9:35pm   #82
 
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Re: Early Morning Range Breakouts using time and sales

robocop started this thread TSLA Short 1900 @ 30.56
Stop @ 30.78
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Old May 14, 2012, 10:07pm   #83
 
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Re: Early Morning Range Breakouts using time and sales

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CRZO Short 2200 28.17
Stop @ 28.29
Exited @ 27.98
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Old May 14, 2012, 10:07pm   #84
 
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Re: Early Morning Range Breakouts using time and sales

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TSLA Short 1900 @ 30.56
Stop @ 30.78
Exited @ 30.29
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Old May 14, 2012, 10:08pm   #85
 
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Re: Early Morning Range Breakouts using time and sales

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DISCA Short 2500 @ 50.69
Stop @ 50.77
Exited 50.69
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Old May 14, 2012, 11:05pm   #86
 
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Re: Early Morning Range Breakouts using time and sales

robocop started this thread Daysummary

trades-05-14.jpg

tsla.jpg

disca.jpg

crzo3.jpg

rost.jpg

ctsh.jpg

bbby.jpg

Trying to use position sizing now (risk $ 200 per trade).
Notice that the commissions get pretty high when trading +1000 shares per trade.

BBBY - Breakout failed. The resistance line did its work very well.
CTSH - Not an early range breakout, but it looked at me as a good short at the time (due the double bull trap). I may could had a better breakeven exit, but you got to draw the line somewhere.
ROST - got in too late and got out too soon, most of the times this is a good thing, but this time it didn't work out well. I really should have waited till the ema broke.
CRZO - Got a good entry and exit.
DISCA - It was near the end of the move before it reached the other side of early range. So I probably should have passed on this trade (or use another strategy) to trade this stock.
TSLA - Again not an early range breakout, but more a daily breakout. Nice and easy trade.
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Old May 14, 2012, 11:13pm   #87
 
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Re: Early Morning Range Breakouts using time and sales

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Hey Robocop

I appreciate your postings. Good stuff.
I've been trading opening range breakouts for over a year. I have been making 20% on my account each month using this strategy.

I trade exactly the way you do with a few modifications. Which could possibly make a huge difference to your results.

Looking forward to connection with you next week. I'm not trading Monday and Tuesday. But will be trading the opening range on Wednesday to Friday. Connect with me on Facebook I've got some videos there you would enjoy.

Cheers
Somesh
Winattrading
Glad I'm not the only one who trade this strategy ;-).
I'd like to hear about your modifications. You can send me an e-mail if you don't want to post it here.

I will not yet connect you on facebook due privacy reasons.

Hope to hear more of you.

Cheers
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Old May 15, 2012, 10:31am   #88
 
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Re: Early Morning Range Breakouts using time and sales

Hiya Robocop

Great trades and thanks for starting this thread.
Apologies for asking to connect on facebook, thats all cool.

I appreciate you trading style as its the one I am using after tarding for over 6 years, and one that I have found consistently successfull for my style. I like the fact that you dont carry on any trades after the close, which is what makes daytrading so brilliant!

I wasnt trading yesterday, but these are the trades that worked.

3 challenges that I am finding at the moment is.

1. Although I am using 4 pc's. I often enter trades late as I can only seem to get to a finite number to be sure of the trade, this reduces the profit in the trade.
2. Because I dont have enough monitors, I also dont see the trades setting up in time.
3. I am in the uk, and using spread betting. some of the stocks are not available to spreadbet, sometimes when they are, IG INDEX doesnt allow you to short a lot of stocks. Which is frustrating when a stock is setting up nicely and then you find you are prevented from trading it.

Somesh

Click the image to open in full size.
Click the image to open in full size.
Click the image to open in full size.
Click the image to open in full size.

Last edited by WinAtTrading; May 15, 2012 at 10:50am. Reason: links to images didnt work
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Old May 15, 2012, 8:24pm   #89
 
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Re: Early Morning Range Breakouts using time and sales

robocop started this thread GRPN Short 1700 @ 12,81
Stop @ 13.08
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Old May 15, 2012, 8:39pm   #90
 
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Re: Early Morning Range Breakouts using time and sales

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GRPN Short 1700 @ 12,81
Stop @ 13.08
Covered 1000 shares @ 12.60
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