Tradestation ATS signals-
IB Trades-
Showing posts with label Morning Gap Trades. Show all posts
Showing posts with label Morning Gap Trades. Show all posts
Monday, 11 January 2010
Key Trades from the Morning
We had a morning opening gap to the upside which was quickly filled. We had weakness in tech companies like AMZN and MSFT.
I took short trades based on my signals and they worked good.
Tradestation ATS signals-
IB Trades-
TECH weakness with Trend Signals to the short side.
Tradestation ATS signals-
IB Trades-
Key Trades from the Morning
We had a morning opening gap to the upside which was quickly filled. We had weakness in tech companies like AMZN and MSFT.
I took short trades based on my signals and they worked good.
Tradestation ATS signals-
IB Trades-
TECH weakness with Trend Signals to the short side.
Tradestation ATS signals-
IB Trades-
Tuesday, 8 December 2009
Learn from the Good trading days
Some of my trades from the day from IB and TS. IB has a nice feature which shows your trades and plots the P/L as a line chart underneath similar to Tradestation's "strategy equity" indicator. I traded the first 3 hours and the last hour. Obviously I should have held my Euro short longer into the afternoon to reap more profits. My trade execution could have been better judging by comparing my signals to my manual entries.
IB YM Trades
IB EURO Trades
IB NQ Trades
IB Gold Trades
QT Full YM chart
Tradestation YM Trades
Tradestation FULL CHART
Learn from the Good trading days
Some of my trades from the day from IB and TS. IB has a nice feature which shows your trades and plots the P/L as a line chart underneath similar to Tradestation's "strategy equity" indicator. I traded the first 3 hours and the last hour. Obviously I should have held my Euro short longer into the afternoon to reap more profits. My trade execution could have been better judging by comparing my signals to my manual entries.
IB YM Trades
IB EURO Trades
IB NQ Trades
IB Gold Trades
QT Full YM chart
Tradestation YM Trades
Tradestation FULL CHART
Tuesday, 7 October 2008
The bad trade
October 6, 2008. Chart of YM. Dow opens gap down, going down over 800pts intraday.
I'll tell you what happened. I was long 4 NQ contracts and short 1 YM contract. I was short 2 contracts on YM but I covered the additional contract on YM in the morning. My internet connection went out a little after I covered 1 contract on YM short. I waited to see what was going to happen because the market looked quiet and we bounced off the morning lows. The market kept dropping so I tried calling my broker but I was on hold for 10min and then I got disconnected for some reason. One hour before the market close my internet comes back on and I was stressed out. I decided to add to the YM short right near the lows when the Dow was down 800pts(even though I had a buy signal- market internals were like 300/1 to the downside, so I said screw it). I thought the market was going to fall -1000pts for the circuit breaker to kick in. Well, we reversed and I took a big loss on my YM short that I just added to and I sold my NQ long a little too soon for a loss as we rallied before the close. Lesson learned - trade 1 instrument, 1 direction, unless you plan on doing a longer term pair trade. My original plan was to hold the NQ/YM trade for a bounce, with the ability to add to the YM short if the market kept dropping (my internet went out so I couldn't add to the YM short unless I called my broker, I should have called sooner). My original thinking was that NQ would bounce more than YM because there would be more short covering in Tech names as opposed to financial names because of the short sell ban.
I hate Comcast.
Overall, I let emotions get to me on this trade and I miss-managed this trade very badly and took a big loss. I was up 7k in the last 2 weeks, but I lost all that plus another 3k. It may not seem like a big loss to some of you or compared to my January blow up, but it was a mistake that really set me back because I keep losing weeks worth of profits from making the same disastrous mistakes on crazy trading days like Monday.
I'll tell you what happened. I was long 4 NQ contracts and short 1 YM contract. I was short 2 contracts on YM but I covered the additional contract on YM in the morning. My internet connection went out a little after I covered 1 contract on YM short. I waited to see what was going to happen because the market looked quiet and we bounced off the morning lows. The market kept dropping so I tried calling my broker but I was on hold for 10min and then I got disconnected for some reason. One hour before the market close my internet comes back on and I was stressed out. I decided to add to the YM short right near the lows when the Dow was down 800pts(even though I had a buy signal- market internals were like 300/1 to the downside, so I said screw it). I thought the market was going to fall -1000pts for the circuit breaker to kick in. Well, we reversed and I took a big loss on my YM short that I just added to and I sold my NQ long a little too soon for a loss as we rallied before the close. Lesson learned - trade 1 instrument, 1 direction, unless you plan on doing a longer term pair trade. My original plan was to hold the NQ/YM trade for a bounce, with the ability to add to the YM short if the market kept dropping (my internet went out so I couldn't add to the YM short unless I called my broker, I should have called sooner). My original thinking was that NQ would bounce more than YM because there would be more short covering in Tech names as opposed to financial names because of the short sell ban.
I hate Comcast.
Overall, I let emotions get to me on this trade and I miss-managed this trade very badly and took a big loss. I was up 7k in the last 2 weeks, but I lost all that plus another 3k. It may not seem like a big loss to some of you or compared to my January blow up, but it was a mistake that really set me back because I keep losing weeks worth of profits from making the same disastrous mistakes on crazy trading days like Monday.
The bad trade
October 6, 2008. Chart of YM. Dow opens gap down, going down over 800pts intraday.
I'll tell you what happened. I was long 4 NQ contracts and short 1 YM contract. I was short 2 contracts on YM but I covered the additional contract on YM in the morning. My internet connection went out a little after I covered 1 contract on YM short. I waited to see what was going to happen because the market looked quiet and we bounced off the morning lows. The market kept dropping so I tried calling my broker but I was on hold for 10min and then I got disconnected for some reason. One hour before the market close my internet comes back on and I was stressed out. I decided to add to the YM short right near the lows when the Dow was down 800pts(even though I had a buy signal- market internals were like 300/1 to the downside, so I said screw it). I thought the market was going to fall -1000pts for the circuit breaker to kick in. Well, we reversed and I took a big loss on my YM short that I just added to and I sold my NQ long a little too soon for a loss as we rallied before the close. Lesson learned - trade 1 instrument, 1 direction, unless you plan on doing a longer term pair trade. My original plan was to hold the NQ/YM trade for a bounce, with the ability to add to the YM short if the market kept dropping (my internet went out so I couldn't add to the YM short unless I called my broker, I should have called sooner). My original thinking was that NQ would bounce more than YM because there would be more short covering in Tech names as opposed to financial names because of the short sell ban.
I hate Comcast.
Overall, I let emotions get to me on this trade and I miss-managed this trade very badly and took a big loss. I was up 7k in the last 2 weeks, but I lost all that plus another 3k. It may not seem like a big loss to some of you or compared to my January blow up, but it was a mistake that really set me back because I keep losing weeks worth of profits from making the same disastrous mistakes on crazy trading days like Monday.
I'll tell you what happened. I was long 4 NQ contracts and short 1 YM contract. I was short 2 contracts on YM but I covered the additional contract on YM in the morning. My internet connection went out a little after I covered 1 contract on YM short. I waited to see what was going to happen because the market looked quiet and we bounced off the morning lows. The market kept dropping so I tried calling my broker but I was on hold for 10min and then I got disconnected for some reason. One hour before the market close my internet comes back on and I was stressed out. I decided to add to the YM short right near the lows when the Dow was down 800pts(even though I had a buy signal- market internals were like 300/1 to the downside, so I said screw it). I thought the market was going to fall -1000pts for the circuit breaker to kick in. Well, we reversed and I took a big loss on my YM short that I just added to and I sold my NQ long a little too soon for a loss as we rallied before the close. Lesson learned - trade 1 instrument, 1 direction, unless you plan on doing a longer term pair trade. My original plan was to hold the NQ/YM trade for a bounce, with the ability to add to the YM short if the market kept dropping (my internet went out so I couldn't add to the YM short unless I called my broker, I should have called sooner). My original thinking was that NQ would bounce more than YM because there would be more short covering in Tech names as opposed to financial names because of the short sell ban.I hate Comcast.
Overall, I let emotions get to me on this trade and I miss-managed this trade very badly and took a big loss. I was up 7k in the last 2 weeks, but I lost all that plus another 3k. It may not seem like a big loss to some of you or compared to my January blow up, but it was a mistake that really set me back because I keep losing weeks worth of profits from making the same disastrous mistakes on crazy trading days like Monday.
Wednesday, 24 September 2008
Successful Day HPT's Live Chat Room
Well, Today was a good day for the guys in the room. The trade signals seemed to work pretty well. I'm working on holding my trades longer. I cut myself off about 8pts on my gold short and 10pts on my NQ long at the close. Of course we got Gasparino coming in 10min before the close on CNBC to pulloff a 100pt rally on some more rumors about what the FED is going to next. Some shorts that weren't watching there positions closely, got ZOLTED pretty bad.
For ForexIntraday and the rest of the guys-
Here's a live Trade from today-
Successful Day HPT's Live Chat Room
Well, Today was a good day for the guys in the room. The trade signals seemed to work pretty well. I'm working on holding my trades longer. I cut myself off about 8pts on my gold short and 10pts on my NQ long at the close. Of course we got Gasparino coming in 10min before the close on CNBC to pulloff a 100pt rally on some more rumors about what the FED is going to next. Some shorts that weren't watching there positions closely, got ZOLTED pretty bad.
For ForexIntraday and the rest of the guys-
Here's a live Trade from today-
Sunday, 7 September 2008
YM is up nearly 300pts?
It's sunday night. A night I wish was January 21, because YM futures are up 280pts right now. Why? Is it the government bailout of FRE and FNM that has everyone jumping for joy? It seems I'm wrong on all my calls, so its probably just best to fade my ideas. Crude Oil is up, Gold is up, Treasury yields are set to open up, and guess what, the Euro is up. I guess everything I said that was going down, is now up. Is 12,500 the next target on the Dow like I thought a week ago? Or are we going down like I thought yesterday. My conclusion is, I have no fucking clue where this market is going anymore. Maybe I should buy a house....Whatever.
Here's the 2yr bond future contract. Looks just like January/March all over again.
Monday, 5 May 2008
May 5 outlook
This morning we got ISM # and the Fed is Holding a TAF Auction at 10am EST. I feel bearish this morning. ES looks like it is going open with a gap down around 6-8pts. Apparently Japanese markets were closed for Greenery Day observation, so today could be a light volume day.
I'm going to be watching for weakness in Financial and Mortgage Investment sectors, Particularly FRE, FNM, LEH & C.
update: CFC and BAC look interesting.
Saturday, 3 May 2008
Trading morning Gaps with NYSE A/D
Sometimes NYSE A/D opens up in a high range of say 3-5. When NYSE A/D is above 3 I'm looking for long trades, however, on this type of trading day, this strategy would have done badly because the gap up in the morning open was faded. Considering NYSE A/D started out around 5/1 and quickly dropped into the 2/1 range, this would indicate the morning gap is getting faded and I want to follow my trade signals without a LONG bias. Overall, put less confidence in NYSE A/D levels when there is a morning gap because these gaps have a high probability of getting faded. Give the market about 45min from market open to see if the morning gap will hold.
Wednesday, 30 April 2008
FSLR earnings are Faded
FSLR- The gap up- fade trade. FSLR had earnings this morning. Wish I faded this gap.
Gold long scalps (I partly based my long scalp on oil getting support)
My first trade on Crude was bad. My second scalp was decent.
Airlines seem to move the most right after the open.
Finally got a good signal on AAPL, I should have held half for my buy signal.
Gold long scalps (I partly based my long scalp on oil getting support)
My first trade on Crude was bad. My second scalp was decent.
Airlines seem to move the most right after the open.
Finally got a good signal on AAPL, I should have held half for my buy signal.
