Recent content by evostik

Hi Scolfield No, not at all. Cheers Steve

Hi Scolfield Why don't you ask questions politely? Cheers Steve

Yes, inital STOPs are set automatically and dragged accordingly. Personally, I could not trade this method profitably without such facility. For me it is VITAL. Cheers Steve Oh, forgot to say that the STOP (for me) isn't set at 10c. It is specific for each trade dependant upon ATR.

Hey Stefan I use a hard stop which is placed automaticaly when the BUY STOP is filled. I vary the stop size based upon ATR of the stock I am looking at. Along with share size, of course. For me, a stop of >10c means the ATR and/or spread of the stock does not meet my criteria and is...

Hi D70; please, what is a blotter? Thanks Steve

Nice One, Richard. As it happens, FAS wouldn't come up my scanner this morning because one of the filters I use is ">2%" in terms of gain. So, keeping its chart up all the time is a good idea. That aside, if it had, I would probably have entered on the bar ending time 14:50 because that is...

Hi Mik1973 Sorry, but what do you mean? Cheers Steve Actually Mik1973, please forget I posted a reply to you; I really don't want to get drawn in to a pointless debate or anything. Thanks for your understanding.

Hey Mr Charts I still follow this methodology as part of my daily trading and just wanted to say 'thanks' again for describing it in such detail in this thread. I know ther are plenty of others who are negaitve about it but all I can say is that it works for me and is profitable. Anyway; I...

Hi Zing Just my own preference, really, buy I tend to avoid stocks under $20 so TROX wouldn't get on my list. My filter only presents stocks between $20 and $100 which, along with manually adjusting min volume for the day, as the day progresses, helps to narrow down on suitable spread and ATR...

Hey Zing I certainly agree with what you say, I don't have the 'ideal' solition but I trade a methodology which very similar. So, after using the IB scanner to give me a list of filtered stocks (lets say biggest gainers) I 'highlight and copy' the stocks and then 'paste' into an IB watchlist...

Oh well; I read the posts by Zing and Richard (ta) and I felt a bit more enthusiastic about taking the time and effort to say something, or comment on things and maybe, on the very odd occasion, even possibly help someone on the road to being a profitable trader. Then other posts come along and...

Cheers Richard I try really, really hard to NOT get drawn into posting but sometimes I just get so frustrated that newer/learner traders might get 'put off' and misguided for all the wrong reasons and that is, in my opinion, just sad! Anyway, I will now go away again - LOL Steve

ATR 9c at entry - above yesterday high - plenty room to round number resistance - volume great - etc. simples....

Anyone take SBUX on break of it's 5th 1min bar?

Just my opinion (no real evidence or anything), but I reckon DMA is a 'must' to trade (profitably) similar to the methodology described here. Without DMA, I don't know how a trader could stop/exit as needed. Cheers Steve