I am starting this thread to see if there is any interest of people actually making a recomendation for a trade. an easy format would be as follows but feel free to be as detailed as possible.. do not be vague..
Trade type: intraday short term, day position, scalp, swing etc
entry criteria and order type : i.e resist thrusted thru buy stop to open
Exit criteria and order type : total stop 10 ticks below
or profit trailing stop.. etc.
then you can explain anything if you want
THIS IS NOT THE PLACE TO RUB IN SOMEONES FACE IF THEY ARE WRONG AND IT IS NOT THE PLACE TO PUMP YOUR EGO IF YOU ARE RIGHT.. IT IS FOR RECOMENDATIONS... i Am including a copy of one that I made last night .. it was a good one, but trust me not all of mine are golden!
04-09-08 07:26 AM
here is my trade for oil tomorrow...
at 8:29 am i place buy stop entry 30 pts above mkt ..
same time place sell limit 50 points above 30 pt entry.. if my stop gets filled.. for half of the position
set another sell limit at 90 pts above 30 pts for all but one contract.
brk even stop (loss) order for 1 remaining position.
Stop loss order if filled on all 5 at 20 pts.. below entry..
risk 1000.. potential gain: 2800 + end of day close of 1 remaining long if everything works properly
http://www.elitetrader.com/vb/showthread.php?s=&threadid=124196
have some fun with this and maybe it will help others understand and see what good trading is all about.. or bad !
no one here that i know of is making a commission off of this information.. so for the sake of regulations.. It is now for "paper trading and demo accounts" this information should not be used in real trading no matter what
Trade type: intraday short term, day position, scalp, swing etc
entry criteria and order type : i.e resist thrusted thru buy stop to open
Exit criteria and order type : total stop 10 ticks below
or profit trailing stop.. etc.
then you can explain anything if you want
THIS IS NOT THE PLACE TO RUB IN SOMEONES FACE IF THEY ARE WRONG AND IT IS NOT THE PLACE TO PUMP YOUR EGO IF YOU ARE RIGHT.. IT IS FOR RECOMENDATIONS... i Am including a copy of one that I made last night .. it was a good one, but trust me not all of mine are golden!
04-09-08 07:26 AM
here is my trade for oil tomorrow...
at 8:29 am i place buy stop entry 30 pts above mkt ..
same time place sell limit 50 points above 30 pt entry.. if my stop gets filled.. for half of the position
set another sell limit at 90 pts above 30 pts for all but one contract.
brk even stop (loss) order for 1 remaining position.
Stop loss order if filled on all 5 at 20 pts.. below entry..
risk 1000.. potential gain: 2800 + end of day close of 1 remaining long if everything works properly
http://www.elitetrader.com/vb/showthread.php?s=&threadid=124196
have some fun with this and maybe it will help others understand and see what good trading is all about.. or bad !
no one here that i know of is making a commission off of this information.. so for the sake of regulations.. It is now for "paper trading and demo accounts" this information should not be used in real trading no matter what