Hi Herman, Gracias.
For short-term trades (2 to 5 bars or so), I almost always enter intraday, on Stop-Limit. I used to have to do the whole thing manually (watch all the symbols all day long), but finally some brokers here offer broker-activated stops and stop limits. For decades, we had only limit and market orders, which are still the only official exchange orders. Even with the broker delay of a couple of seconds, it's still faster than I can do it manually, and it simply doesn't matter in the end. I will enter intraday at market sometimes when I see the obvious. I only play opens against the grain (buying gap downs and selling gap ups). Yes, you'll have to slow down a bit. ^_^ But really, the shorter the time frame, the more noise, so you'll be dealing with a lot less noise. I scan the market several times a day RT, and then different scans for EOD. Mostly RT I am looking for big volume and significant price change. I am aware that early volume doesn't count as much as later volume ... somebody will make a wave, cause some excitement, and never show up again after lunch. I like to think my experience helps me to judge, but there are tricky folks out there. ^_- Yuki Monday, January 8, 2007, 9:43:08 PM, you wrote: H> Very enjoyable and educational comments Yuki, thank you. H> I can't locate the EOD chart segment I used but you are right: it probably H> was a Bull-Flag and your trading strategy makes a lot of sense. What makes H> me shudder is that such patterns may take weeks to complete - Coming from H> trades lasting only a few minutes I really, REALLY, have to change my way of H> thinking here... I suppose you have an alarm clock??? H> Two questions: H> Do you use Intraday (Real-Time) entries/exits or do you place orders ahead H> of time? H> Do you scan the market automatically to find trades? H> Looks like we need code to detect trends and ranges. Perhaps they can both H> be defined using bands or trend lines. I need to think (google) about this H> some more: ranges, trends and contrarian entry points. H> best regards, H> herman
