Traders Laboratory - View Single Post - Entering On Buy-Stops/Sell-Stops
View Single Post
  #5 (permalink)  
Old 11-28-2007, 05:26 AM
BlowFish's Avatar
BlowFish BlowFish is offline
BlowFish is in da house

Trader Specs
 
Join Date: Mar 2007
Location: Europe Mostly
Posts: 763
Thanks: 23
Thanked 103 Times in 74 Posts
Re: Entering On Buy-Stops/Sell-Stops

Quote:
View Post
Dog - it's pretty much the ONLY way I enter on an intraday basis.

Reasons:

1) Guaranteed to filter out some losing trades (esp how I enter with candlesticks).

2) Guaranteed to get into every winning trade.


As soon as I realized that, the decision was easy on how to enter. Of course, your system must accommodate buying above or selling below the current price.
So you stop into the BO of the bar you get a signal on for example? Nice thing with this sort of entry is momentum often takes you away from your entry pretty quick. Downside is I guess your stops are a little further away.

Reply With Quote