Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

nrs250

Entry and Exit Points Vs. Time of Day

Recommended Posts

I have been fairly successful (i.e. >75 %) when I enter a trade early AM/mid-day versus within 1st 30 minutes of the day.

 

I have found that stops of 1% of total portfolio have worked out well. It seems that that itself forces more discipline for entry points, knowing that an ill advised entry will get you stopped out prematurely.

 

I have used the following assumptions:

 

1) It is impossible to try and time the point of exhaustion for selling pressure when the market is trending down that day.

2) Taking the middle out of a move to the upside is OK (its OK to sell out a bit early and enter a trade a bit later that the exhaustion bottom on a selling wave as long as you take a chunk out of the middle). The trouble here is I often misjudge the level of buying pressure and sell out way too early..making money is making money but I need advice here.

 

3) Every move up is eventually followed by a move down and an opportunity for entry. I think others have said "there is always another trade opportunity". The times when I have let emotion rule and try and chase an entry point has almost always ended in getting stopped out.

4) I will not hold into earnings or big news... it totally screws my risk management plans because of gap downs the next day

 

5) I seem to gravitate towards 5-10 stocks and watch them. I can't get to know more that that and still keep my eye on the ball.

 

Any comments would be appreciated. I am new to this and would appreciate input on my assumptions and suggestions for improvement.

Share this post


Link to post
Share on other sites

Basically, the "Pivot Point" is a way for traders to identify situations wherein it signals an entry or an exit of a trade.

 

New York open 7:00 A.M to 4:00 P.M

Japanese/Australian open 7:00 P.M to 3:00 A.M

London open 3:00 A.M to 11:00 A.M

 

The best time to trade is at the beginning 3.5 hours of starting times, because the major currency pairs tend to move the most in a particular direction normally when there are economic news releases

Share this post


Link to post
Share on other sites

How are you currently timing it? Some sort of 'price action' seems the obvious way, maybe looking at volume too. There are a couple of simple bar (or candle patterns) that are pretty effective at indicating price rejection.

Share this post


Link to post
Share on other sites

It's all about what works for you and your trading setup. Personally, I love to trade the open of markets, look for my setup, ride it and get out. And it's creating a smoother P/L for me.

 

But trading is all about finding your rhythm and then working it to the fullest capacity.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • $CSCO Cisco Systems stock, nice top of range breakout, from Stocks to Watch at https://stockconsultant.com/?CSCOSEPN Septerna stock watch for a bottom breakout, good upside price gap
    • $CSCO Cisco Systems stock, nice top of range breakout, from Stocks to Watch at https://stockconsultant.com/?CSCOSEPN Septerna stock watch for a bottom breakout, good upside price gap
    • MNST Monster Beverage stock, top of range breakout above 60.45, from Stocks to Watch at https://stockconsultant.com/?MNST
    • ...hallucinates.... Student: “What if we gave the monkey LSD?” Guru: “The monkey already did LSD”
    • Question: To those that had/have cancer, what were the signs that made you think “something is not right here” to make you go see a doctor? Answer: So, 5/25/2018, I woke up, got ready for work, and as I walked to my car, I started gagging. Like something was stuck in my throat and I needed to clear it. And then it went away.   But 10 minutes after that, I was T-boned at 40mph on the driver side door. But what made me see a doctor was while my muscles felt better and bruises were going away, the gagging still continued, I started having fevers, my neck felt swollen, I was having such a hard time breathing, and I'd have random sharp pains in my chest, but not from where the seat belt saved me.   2 weeks after the accident, I finally see an urgent care doctor, who looks me over, tells me I'm fine, but luckily requests a neck X-ray. And I ask for a chest X-ray, which he rolls his eyes but let me have (most of my pain was in the neck, so I understand).   The very next day, he calls and says “So, that chest X-ray shows there's a 4 inch mass on your heart and lungs, and your lungs have been filling up with fluid, as well as in your pericardial (heart) wall. We need you to come in tomorrow.”   Turns out the big mass, due to the accident, caused my heart and lungs to tear and fill with fluid, the swollen neck and gagging was caused by 2 metastasized tumors, and the fevers and weight loss were symptoms. Stage 4b Hodgkin's Lymphoma.   But thankfully, we went very aggressive with chemo (and had a lot of bad side effects that don't normally happen to patients), and now I'm about 16 months cancer-free. Yay lucky X-rays! Rachel Jurina, Quora Source: https://www.quora.com/To-those-that-had-have-cancer-what-were-the-signs-that-made-you-think-something-is-not-right-here-to-make-you-go-see-a-doctor   Profits from free accurate cryptos signals: https://www.predictmag.com/  
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.