Spydertrader's Jack Hershey Futures Trading Journal

Status
Not open for further replies.
Quote from optionpro007:

Spyder, if one was to bracket this market as you mentioned earlier, how do you get into the position, with stops ?
More...

I suppose instead of an OCO order, one could use a pair of conditional orders which included the stop price (for either directional trade) already set, and when Price triggered either, the conditional would automatically place the directional as well as the stop upon execution. Since I do not use stops, perhaps some of the more experienced 'bracket entry' folks can comment on their experience.

- Spydertrader
 
Quote from Spydertrader:

I suppose instead of an OCO order, one could use a pair of conditional orders which included the stop price (for either directional trade) already set, and when Price triggered either, the conditional would automatically place the directional as well as the stop upon execution. Since I do not use stops, perhaps some of the more experienced 'bracket entry' folks can comment on their experience.

- Spydertrader
More...

Thanks Spyder and excuse me for not making my question clear.

As per SCT guidelines, before a mayor announcement, expected to move the market substantially in either way, what are we supposed to do? Exit the market and reenter with a market order as we see price cross either boundary and then continue SCTing ?

Thanks.
 
Quote from optionpro007:

As per SCT guidelines, before a mayor announcement, expected to move the market substantially in either way, what are we supposed to do? Exit the market and reenter with a market order as we see price cross either boundary and then continue SCTing ?
More...

I only bracket on an FOMC Announcement. The others I hold through (or reverse as the market prescribes). Jack recommends using the bracket order when entering (after being sidelined) out of CCC as well.

- Spydertrader
 
Quote from Spydertrader:

I only bracket on an FOMC Announcement. The others I hold through (or reverse as the market prescribes). Jack recommends using the bracket order when entering (after being sidelined) out of CCC as well.

- Spydertrader
More...

Thanks Spyder.

Notice the new verb? =)
 
Chart for this morning.

Trading was not very easy. Point 3's didn't seem to last very long (or you could just say it was never a point 3 anyway). For example my blue channel I entered on three. When the next bar was green but not on increasing volume I got out which was a good thing to do and even made some ticks.

regards,
Ivo
 

Attachments

Status
Not open for further replies.
Back
Top