Market Calls

[EqtTrdr]

GOOG 248's

nice

 

[MAESTRO]

Lost 18K. Congrats to the bulls.

 

[Boy Plunger]

stocks:
JCI
FD

back and fill ... then position long with tight sell controls ...

good trading

alex

EDIT: i decided the action was poor in FD/JCI after the morning rush;decided to go long XLE with bids in crude steadily increasing

 

[inandlong]

Daytrade range break

AEOS - American Eagle Outfitters

Empirically decent average daily ranges relative to today's opening range. Nice local landmarks on which to base the entry/exit decisions.

 

[inandlong]

Same trade as yesterday. Quick outs look for 40-50 cents long and 30-40 cents short.

Newer traders in the confidence-building stage can trade a range break with 100-200 shares and risk very little while being in a trade. Nothing brings it all together as well as a realtime trade. I'd rather be in with a small loser than out because of my perceived difference between the two.

 

[EqtTrdr]

*cough*

http://www.elitetrader.com/vb/showthread.php?s=&threadid=45831&perpage=6&pagenumber=1

 

[backman]

"Same trade as yesterday. Quick outs look for 40-50 cents long and 30-40 cents short."

some others for perusal....signals off break out/breakdown of ORB

shorts:
RMBS URBN JOYG JMDT

long

PTEN PETD

all are somewhat "long in the tooth" for daily profit targets

 

[kowboy]

Quote from backman:

"Same trade as yesterday. Quick outs look for 40-50 cents long and 30-40 cents short."

some others for perusal....signals off break out/breakdown of ORB

shorts:
RMBS URBN JOYG JMDT

long

PTEN PETD

all are somewhat "long in the tooth" for daily profit targets

What is orb on your breakouts/breakdowns? What does orb mean?
Thanks

 

[backman]

"What is orb on your breakouts/breakdowns? What does orb mean?"

ORB: opening range bar,,,,difference between high and low of first 10 minute bar (or 15/20/30 minute bars) i like to use highs and lows of bar as entry and stop loss points....

check the charts on different time frames, and see what time step seems to work best for your risk/reward plan

 

[kowboy]

Quote from backman:

"What is orb on your breakouts/breakdowns? What does orb mean?"

ORB: opening range bar,,,,difference between high and low of first 10 minute bar (or 15/20/30 minute bars) i like to use highs and lows of bar as entry and stop loss points....

check the charts on different time frames, and see what time step seems to work best for your risk/reward plan

Ok thanks backman.
Sammy Chua teaches a similar Bo/Bd setup using the 30 minute opeining range, only going long strong stocks if the futures were +strong, and only going short weak stocks if the futures were-weak.