Breakout Trading using Time and Sales

This is a discussion on Breakout Trading using Time and Sales within the Trading Journals forums, part of the Reception category; For today's trading, I've got the following stocks to keep an eye on: BBY, CSUN, DB, GME, MOBI, MU, PRGO, ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Mar 24, 2011, 2:03pm   #351
 
amit1986's Avatar
Joined May 2009
Re: Breakout Trading using Time and Sales

amit1986 started this thread For today's trading, I've got the following stocks to keep an eye on:

BBY, CSUN, DB, GME, MOBI, MU, PRGO, RHT, TEVA, TLB, TM, TSON.

Focus on clean, trending charts. The messier the chart, the higher the probability of getting chopped up on the trade.
__________________
Amit
amit1986 is offline   Reply With Quote
Old Mar 24, 2011, 2:50pm   #352
 
amit1986's Avatar
Joined May 2009
Re: Breakout Trading using Time and Sales

amit1986 started this thread Been a bit of a choppy, difficult morning. Results so far:

MU: +2 cents per shre
COF: +9 cents per share

Edit: COF was clearly an early exit. I entered the trade a little later than I would have liked, so was concerned as to a possible retracement. But it kept falling well after I closed my short. Oh well, it happens.
__________________
Amit
amit1986 is offline   Reply With Quote
Old Mar 24, 2011, 2:57pm   #353
 
amit1986's Avatar
Joined May 2009
Re: Breakout Trading using Time and Sales

amit1986 started this thread +6 cents per share COF reversal as it tried come back up to the $50 level. Clearly got out of that too early as well. Far too early.
__________________
Amit
amit1986 is offline   Reply With Quote
Old Mar 24, 2011, 2:59pm   #354
 
amit1986's Avatar
Joined May 2009
Re: Breakout Trading using Time and Sales

amit1986 started this thread Very frustrating morning. COF has now rallied 30 cents above my exit on the long reversal trade.
__________________
Amit
amit1986 is offline   Reply With Quote
Old Mar 24, 2011, 3:14pm   #355
 
amit1986's Avatar
Joined May 2009
Re: Breakout Trading using Time and Sales

amit1986 started this thread +8 cents per share SCS reversal trade. Stock rose about 8% within the first half hour. Started to look weak on level 2 / t&s so I shorted it while having a very tight 3 cent stop based on market maker activity on level 2. It started ticking down and when it stopped, I covered.
__________________
Amit
amit1986 is offline   Reply With Quote
Old Mar 24, 2011, 3:43pm   #356
 
amit1986's Avatar
Joined May 2009
Re: Breakout Trading using Time and Sales

amit1986 started this thread +4 cents per share NKE breakdown. Didn't enjoy that trade one bit due to wide and elastic spread. Glad it's over.
__________________
Amit
amit1986 is offline   Reply With Quote
Old Mar 24, 2011, 3:59pm   #357
 
amit1986's Avatar
Joined May 2009
Re: Breakout Trading using Time and Sales

amit1986 started this thread -5 cents per share FTO breakdown failed. Took an early entry on momentum which reversed quickly.
__________________
Amit
amit1986 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
Time & Sales glebecki First Steps 22 Mar 19, 2010 2:19pm
day trading software w/ time and sales OPTIONSTHIEF Trading Software 0 Apr 29, 2008 3:54am
Trading the YM with Time and Sales lurkerlurker Indices 4 May 31, 2007 10:16am
Level II and time of sales incorporated into trading systems pkfryer Trading Software 2 Jun 8, 2004 6:24pm

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