BOSSOM
B astardization Of Sidinuks Simple Opening Method or “BOSSOM” for short.
The core of the BOSSOM method is located at the Knowledge section at t2w.
http://www.trade2win.com/knowledge/articles/general%20articles/developing-a-trading-strategy
http://www.trade2win.com/knowledge/articles/general%20articles/developing-a-trading-strategy-2
The b astardization part comes from my own studies.
The purpose of this portion of my journal is to post the results of trades taken with YM, and also collect data for this and other futures to use for further testing.
Some questions I hope to answer are
At what time durring the trading day will an entry become more likely to not succede to the target?
Does the closing range combined with tomorrows opening range have an effect on the likleyhood of the target being reached?
And others that I’ll post as they come to mind.
I may have to open up a thread elsewhere to place misc. charts and images in, we’ll see what happens to the potential upgrade to the journals forum first, and decide latter.
OK, here’s the lay out.
The opening range can be completed within the first 90minuts, but some (often?) times it takes longer.
So when the first 90 minutes of trading has occurred “AND”the price is with in up to10% of the middle of ether side of the days range, I enter a bracket order at ether end of the range up to that point.
If the conditions have “NOT” been met at that time, then we wait until the 135 min. range has been completed, and use that one for entry purpose.
The stop loss is set at the last reaction high/low prior to entry. A 5m chart will be used to determine this.
The target will be a completion of the average daily range, or 4:00 NY time, which ever comes first.
All entries and stop loss will be placed at the extreme end + 1 tick
The average daily range is a 10 day average, so for instance if the 10dar is 95, and the morning range is 65, then 95 – 65 = 30 point target.
Thursday filter will not apply, Thursdays are fair game.
A 1.6 range expansion the previous day will apply.
The range will be figured using the 9:30 open.
Currently my plan is to continue posting to this method for a total of 30 trades, after that I’ll give it a rest.
One obvious problem is when the morning range is equal to or greater than the adr; in that case there will be no trade.
B astardization Of Sidinuks Simple Opening Method or “BOSSOM” for short.
The core of the BOSSOM method is located at the Knowledge section at t2w.
http://www.trade2win.com/knowledge/articles/general%20articles/developing-a-trading-strategy
http://www.trade2win.com/knowledge/articles/general%20articles/developing-a-trading-strategy-2
The b astardization part comes from my own studies.
The purpose of this portion of my journal is to post the results of trades taken with YM, and also collect data for this and other futures to use for further testing.
Some questions I hope to answer are
At what time durring the trading day will an entry become more likely to not succede to the target?
Does the closing range combined with tomorrows opening range have an effect on the likleyhood of the target being reached?
And others that I’ll post as they come to mind.
I may have to open up a thread elsewhere to place misc. charts and images in, we’ll see what happens to the potential upgrade to the journals forum first, and decide latter.
OK, here’s the lay out.
The opening range can be completed within the first 90minuts, but some (often?) times it takes longer.
So when the first 90 minutes of trading has occurred “AND”the price is with in up to10% of the middle of ether side of the days range, I enter a bracket order at ether end of the range up to that point.
If the conditions have “NOT” been met at that time, then we wait until the 135 min. range has been completed, and use that one for entry purpose.
The stop loss is set at the last reaction high/low prior to entry. A 5m chart will be used to determine this.
The target will be a completion of the average daily range, or 4:00 NY time, which ever comes first.
All entries and stop loss will be placed at the extreme end + 1 tick
The average daily range is a 10 day average, so for instance if the 10dar is 95, and the morning range is 65, then 95 – 65 = 30 point target.
Thursday filter will not apply, Thursdays are fair game.
A 1.6 range expansion the previous day will apply.
The range will be figured using the 9:30 open.
Currently my plan is to continue posting to this method for a total of 30 trades, after that I’ll give it a rest.
One obvious problem is when the morning range is equal to or greater than the adr; in that case there will be no trade.
