Don's Opening's Journal....

...Since these are designated "opening only orders" they are automatically cancelled if not filled. So there should be no need to be cancelling anything
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Don,

I think he means that he is doing it with Interactive Brokers _CURRENTLY_ using Limit Orders before the market opens.

Soon, IB will implement honest to goodness OO orders.

nitro
 
I see professional traders on this forum. Does anyone of you apply Japanese Candlestick Charting Techniques ? How has your accuracy rate been so far ? I can't resist this Hammer on NXS.TO on exccessive volume and an extremely oversold market. What do u think ?
 
OK, .8 envelope....6 fills, 6 winners!
$1569 ++

This was good because I have a roomful of new (student) traders in the office to see the results...it's always nice to have them see reality trading in real time...

:-)
 
7 orders, 2 fills, 2 winners Plus 37 cents minus 4 cents commish. Sold the BAC way to early, but better than a stick in the eye.

edit: housing starts just came out negative, and I guess I didn't sell the BAC too early after all.
 
15 orders, 4 fills, 1 big winner, 1 small winner, 1 scratch (+6 cents), 1 small looser (-7 cents). Worst trade of the day: scratching HIG and cancelling MU before open. THAT would have been a different story. But what the heck, still profitable:)
 
7 fills, 6 winners +1500 (am holding AOL still, if I covered right now I would only be up about $800.....it seems a bit too strong......"gotta stop thinking"...)

:-)
 
all out at 9:43
8 orders 2 fills 1 win 1 loss
plus 17 cents net after commissions

Woulda held a little longer but IB's quotes went bonkers (like showing negative numbers on size, bid and ask way off of what tradestation was showing) - could be making better exits right now but did not want to chance a system problem.

edit: oy, my 6 cent loser is now a 60 cent winner and is just now starting to threaten a shakeout.
 
I don't think you can predict false moves. well otherwise they would not be that fake. maybe yes anyway..
I am not smart enough. so I pyramid in. Throw some shares in, see how they are absorbed, and what comes next. It is funny how you see things differently when you have money in a stocks.
if there is a shake out, I stay in and average the position. That beats going in all at once imho.
if there is no false move, I am already in. that also beats not being in (when you would wait for the shakeout) and just see the trade run away (and higher !). pyramids ! pyramids I tell you!

tntneo [/QUOTE

I've thought about this, and it sounds like a good plan, sort of like scale trading in futures, the only problem is this. How do you know its a fakeout and not the real deal.
I've been working on an indicator that works real well AT TIMES to try to catch these false moves and slingshots but there are some kinks I got to work out.
It worked beautifully with ADI this morning and got .50 out of it, and worked well with CLS short but was shaken out for a small gain.
 
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