hi, im new.

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TheRumpledOne
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Postby TheRumpledOne » Sun Dec 02, 2007 4:31 pm

jana:

Sounds like you are on your way to making AAPL JUICE!!

Just wait for the Buy Zone trades to appear and then take action.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby jana » Sun Dec 02, 2007 6:19 pm

yea baby !!!!

You might want to look into staying with the trend longer by watching on a 8 min chart too.

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Postby TheRumpledOne » Sun Dec 02, 2007 6:41 pm

Chart interval doesn't matter...it's all about price action.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby cjackson » Mon Dec 03, 2007 5:59 am

TheRumpledOne wrote:Hey cjackson:

Thanks for sharing.

What's the reason for the non buy zone trades? Were you bored waiting for the next trade?

I don't think you want an automated SL... the market makers like to run stops.

Are you trading via the MATRIX? You can set that up for ONE CLICK entry/exit.... you don't want to confirm buy zone trades... way too slow.

Are you using RadarScreen? If yes, then you can load up the TOP 20 COWS and see where the next trade is. I advise AGAINST THIS until you really get the hang of this style of trading.




Are you FADING THE GAP? Yesterday, AAPL gapped UP and then kept dropping. I know that $3 gapped filled... EASY MONEY!!




Please keep posting your results. A screenshot with your entries/exit would be very educational.

Thanks again.


thanks for the replies tro and friends...btw you can call me jackson my first name is chris but everyone i know calles me jackson. it works. heh

i took the day off from being a computer junkie and i definatley needed it. what an amazing past couple of days if you live in arizona! absolutely beautiful.

tro- my non buy zone trades were not only boredom but i was also at times trying to force something into happening so that i could gain back what i had lost. something i was able to get over very quickly hahah because i for sure had no business doing so.

thanks for the info on the automated stop loss...it just seems sometimes that i cant react fast enough if the sale isnt going my direction.

and to be honest with you i dont know what the matrix does or how it works, and same with the radar screen. im very new with tradestation and have been on it daily learning new things, i will look into those features and see what i can come up with... could you possibly point me in the right direction? i have an idea what the radar screen is used for...but im lost in the matrix....heheh

and yes i am fading the gap, but i think im exiting too quickly to really milk it right. i know that you use the 1min candles for the first 15min and then switch to 5min but do you use this for fading the gap also?

thanks for the help! everyone! arr!!!

ps i have no idea how to catch a screen shot on tradestation. ill add that to the list. hahah

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Postby TheRumpledOne » Mon Dec 03, 2007 2:55 pm

The Matrix is a trading screen. Just type <ctrll> n and click on MATRIX. If you want to buy, click on the blue column at the price you want to buy. To short, click on the red column. To exit your trade, click on the p/l column which will be either green or red depending if you are up or down.

Click on the window you want to save as a picture, then click file, click save as picture... MAKE SURE YOU SAVE IT AS A JPG FILE!!!

Yes, same setup for fading the gap.
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Postby cjackson » Mon Dec 03, 2007 6:22 pm

thanks i will try out the matrix soon. im still a little weary to try though!


ok i have a big feeling that when im in the buy zone and buy, i need to stay in longer for profit. my bad trades i stay in for too long of a time hoping that they will go my way, but on the other hand i dont let my profit ride very long.

tro what was the stat that you talk about that if the price goes in the buy zone it will go up some 50cents a certain amount of time? whatever it is i need to remember it, because even though i have a win rate of 70% on my trades my bad trades are still overtaking my profits. any advice?

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Postby eudamonia » Mon Dec 03, 2007 10:28 pm

Jackson,

Yes be impatient with your losers, and be patient with your winners.

Edward
Eudaimonia (pron.: you-die-moan-e-a) (Greek: εὐδαιμονία) is a classical Greek word commonly translated as 'happiness'. The less subjective "human flourishing" is often preferred as a translation.

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Postby cjackson » Tue Dec 04, 2007 2:45 pm

my first great gap play! thanks for the advice guys!....next challenge: lets see if i can get this screen shot up right...

Image


good enough for a 656.13 improvement! my best trade!


arrrrr!!

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Postby TheRumpledOne » Tue Dec 04, 2007 6:31 pm

Nice trade.

Load the _TRO_DOPC indicator so you can have the HORIZONTAL LINES on your chart.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby cjackson » Tue Dec 04, 2007 6:34 pm

thx. what does DOPC stand for? what does it indicate and how should i use it?

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