Breakout Trading using Time and Sales

[amit1986]

Done for the day. Back on Monday.

Good trading to all!

 

[zbojnik]

You can go through a prop trading company with a minimum $5000 deposit and they will give you $100k BP on a high split 95%+ and $0.005 commish.

Where does one find one of these firms? Any recommendations?

 

[amit1986]

Not got much this morning on the pre-market list and futures are quite flat, so looks to be a choppy day ahead.

P, ZNGA, ACOM, and LEAP.

 

[amit1986]

two trades on WSM:

-7 cents per share (breakdown failed)
+16 cents per share (reversal trade)

 

[amit1986]

JOY has a nice chart but the spread is simply too wild and wide, so not going to trade it.

 

[ChocolateDigestive]

Where does one find one of these firms? Any recommendations?

pm me for details

 

[amit1986]

can't really find any momo anywhere

 

[amit1986]

I'm going to call it a day before I lose my mind. It's been very choppy and difficult to find any momentum anywhere.

Good trading to all!

 

[zbojnik]

pm me for details

Can you PM me please? I dont think I can because I only have 2 posts...

If not I'll will try to get some more posts...

 

[zbojnik]

I dont know how advanced the IB scanner is but I know a some pros who use this scanner.

Free Stock Screener - MadScan Free Real time stock screener and stock scanner alerts.

check it out, it is awesome

Google has one too: Google Stock Screener

 

[evostik]

I'm going to call it a day before I lose my mind. It's been very choppy and difficult to find any momentum anywhere.

Good trading to all!

Hi Amit

I am finding a lot of chop today too; are you? Or maybe I am not finding them/scanning well! I have only made one 'Mr Charts' type breakout trade today and that was a small gain of +9c on CCL.

cheers
Steve

 

[amit1986]

Hi Amit

I am finding a lot of chop today too; are you? Or maybe I am not finding them/scanning well! I have only made one 'Mr Charts' type breakout trade today and that was a small gain of +9c on CCL.

cheers
Steve

Hi Steve,

I finished trading about an hour ago and today's results weren't so bad. Perhaps your scanner is not set appropriately?

 

[amit1986]

Not got much on the watchlist this morning, but the futures are gapping up healthily, so today could provide some nice moves.

FTK, AIG, HRB, FSYS, WSM, MDVN, ARUN, DNDN, AGNC

 

[amit1986]

+23 cents per share HRB breakout to new highs

 

[amit1986]

+3 cents per share HRB again...got out a little too late so just a small scalp

 

[amit1986]

FSYS had a nice chart on it...steep fall, tight consolidation, breakdown...but the spread was simply too wide and the stock too thin, so I decided not to trade it.

 

[ChocolateDigestive]

MDVN breakout south

 

[amit1986]

MDVN breakout south

hope you got it !!

too volatile for my taste

 

[amit1986]

watching CBS

 

[amit1986]

+2 cents per share CBS breakout...really slow moving stock