Evening trading US shares

[yacarob1]

I sometimes wonder whether I should quit using stops altogether and just let my exiting method run its course and do the work.

Maybe it's ok as a defensive back-stop to have it there just in case I lose my internet connection or whatever.

 

[Grey1]

I sometimes wonder whether I should quit using stops altogether and just let my exiting method run its course and do the work.

Maybe it's ok as a defensive back-stop to have it there just in case I lose my internet connection or whatever.

Stop has to be dynamic and relevant to the market .. Stop should shrink or widen depending what phase of the cycle market is going through

Grey1

 

[Mr. Charts]

I mentioned a failed trade in post #159 which was similar to Pitbull's.
Here is the image as promised.
Long entry on the X hairs and exit at time of screenshot.
I have erased some of the comments to stay within t2w guidelines.
If a trade starts off right and doesn't follow through the way it should then I personally see no point in actually waiting to lose money by waiting for a stop to be hit.
When the evidence (NOT your "opinion") says something is not happening the way it should, then why stay in the trade?
All in my opinion, of course, but it works for me.
Others trade differently, that's what makes a market.
Richard

 

[Mr. Charts]

One of the many ways I find stocks setting up for nice moves is to look at what I call hot stocks - ones which are likely to attract a lot of buying/selling on the day.
One of today's was ESCL which I chose pre-market.
If one of these sets up one of my patterns, and it's feasible to trade it with a tight stop of a max of 10-15c, then fine. Otherwise I don't trade it.
This type of hot stock usually moves quite differently to its normal behaviour.
Here is my first trade today.
There are usually opportunities like this most days so a professional trader can often get off to a nice profitable start in the first half hour of trading.
This one produced a profit of $850.
There are many ways to trade, but I prefer directional moves and they are, imho, not difficult to find almost every day, even when the market is flat.
I am currently enjoying another bite of the cherry with ESCL, being long again from 7.24 with a trailing stop at 7.48. If it goes up further I will raise the stop as it moves up.
I have erased some of the details of the annotations to stay within t2w guidelines.
I hope someone finds this type of pattern useful or interesting.
Richard

 

[Mr. Charts]

Trailing stop raised to 7.60

 

[Mr. Charts]

Exited at 7.85 for another 61c, another $1220

 

[neil]

One of the many ways I find stocks setting up for nice moves is to look at what I call hot stocks - ones which are likely to attract a lot of buying/selling on the day.
One of today's was ESCL which I chose pre-market.
If one of these sets up one of my patterns, and it's feasible to trade it with a tight stop of a max of 10-15c, then fine. Otherwise I don't trade it.
This type of hot stock usually moves quite differently to its normal behaviour.
Here is my first trade today.
There are usually opportunities like this most days so a professional trader can often get off to a nice profitable start in the first half hour of trading.
This one produced a profit of $850.
There are many ways to trade, but I prefer directional moves and they are, imho, not difficult to find almost every day, even when the market is flat.
I am currently enjoying another bite of the cherry with ESCL, being long again from 7.24 with a trailing stop at 7.48. If it goes up further I will raise the stop as it moves up.
I have erased some of the details of the annotations to stay within t2w guidelines.
I hope someone finds this type of pattern useful or interesting.
Richard

Most interesting pattern Richard and one that I like

 

[Mr. Charts]

Here is an interesting situation with ADBE this afternoon.
I hope some people find my comments helpful/interesting/thought provoking.
I have erased some of the details of the annotations to stay within t2w guidelines.
Some would call it a false breakout - it was, but the clues were there in advance.

Richard

 

[superfly]

Here is an interesting situation with ADBE this afternoon.
I hope some people find my comments helpful/interesting/thought provoking.
I have erased some of the details of the annotations to stay within t2w guidelines.
Some would call it a false breakout - it was, but the clues were there in advance.

Richard

Thanks for some very illustrative examples.
Lesson: one blocktrade doesnt neutralize serious selling intent.
Do you enter with market orders or stop market orders and in this particular trade, where did you place your initial stop?

I like to get in with a stop marketorders, so on average Im paying a little premium for the market to prove me right. On the other hand, this kind of entry also keeps me out of some of the weaker moves.

Regards

 

[seancass]

There are US stocks like MSFT which have been trending nicely, and predominantly in one direction of late. Very few major spikes and a strong trend north have led to late session trading opportunities.

I wonder if members might share information on their own favourite US stocks which tend to trend well throughout the day in either direction thus enhancing the chances of making some profits? The stocks which others find a joy to trade because of their enhanced predictability.

Sean

 

[PitBull]

Hi Sean

Some stocks I have on my watchlist for potential swing plays and also ones that have been trending nicely of a late,

Casino stocks such as WYNN, LVS

Airline stocks CAL, UAUA

CSCO on a nice trend

SEPR consolidating at 52 week highs

NKTR, made bounce off support yesterday and a key reversal for quick short swing play

AEOS breaking out to new 52 week highs

Watch BBBY for a breakdown from resistance

CMCSA broke out of 52 week highs yesterday, watch for pullback for entry

I find the best opportunities for evening moves are the hottest stocks of the day, I don't concentrate on one stock only but I have many favourites, some outlined above.

Hope this helps
Best regards
Pitbull

 

[seancass]

Hi Sean

Some stocks I have on my watchlist for potential swing plays and also ones that have been trending nicely of a late,

Casino stocks such as WYNN, LVS

Airline stocks CAL, UAUA

CSCO on a nice trend

SEPR consolidating at 52 week highs

NKTR, made bounce off support yesterday and a key reversal for quick short swing play

AEOS breaking out to new 52 week highs

Watch BBBY for a breakdown from resistance

CMCSA broke out of 52 week highs yesterday, watch for pullback for entry

I find the best opportunities for evening moves are the hottest stocks of the day, I don't concentrate on one stock only but I have many favourites, some outlined above.

Hope this helps
Best regards
Pitbull

Some interesting stocks there, Pitbull, thanks for sharing. If I discover any of interest I'll similarly post them.

By the way, take care in the UK. They're rounding-up all the Pitbulls!

Sean

 

[Mr. Charts]

superfly,
You ask, "Do you enter with market orders or stop market orders and in this particular trade, where did you place your initial stop?"
Personally I use market orders in this situation and my stop depends on level 2 buy/sell pressures. MM and other participant behaviour, momentum, T&S. Have a look at http://www.trade2win.com/knowledge/articles/general_articles/an-example-of-tape-reading/
for an example. There are three examples of mine on Google video you can find.

Hello Sean,
Some of my favourite core trading stocks are AAPL, SNDK, AMGN, ERTS, VLO.
Richard

 

[superfly]

superfly,
You ask, "Do you enter with market orders or stop market orders and in this particular trade, where did you place your initial stop?"
Personally I use market orders in this situation and my stop depends on level 2 buy/sell pressures. MM and other participant behaviour, momentum, T&S. Have a look at http://www.trade2win.com/knowledge/articles/general_articles/an-example-of-tape-reading/
for an example. There are three examples of mine on Google video you can find.

Hello Sean,
Some of my favourite core trading stocks are AAPL, SNDK, AMGN, ERTS, VLO.
Richard

http://www.trade2win.com/knowledge/articles/general_articles/an-example-of-tape-reading/
on 10-25-06 I gave this vid a 10. i will now look at your other vids on google

Regards

 

[Mr. Charts]

If you google my name, Richard Joyson, and then look for video#1, #2, #3, you should find them.
Richard

 

[Mr. Charts]

Y'day I traded the afternoon session as usual then had to go out.
When I got back about 8pm I decided to see if there were any late opportunities.
The three best ones I found were LEA, LVS and VTR.
As you can see they were strongly trending stocks.
Needless to say, had I been trading earlier in the evening I would have been in them much earlier.
All the entries and exits were on the flow I could read on my market depth screens.
There is an example on KLab as previously mentioned.
The point in posting is to say that one of the reasons US intra day trading is so good is that even for people who get home later there are opportunities to make money.
Richard.

 

[Mr. Charts]

LEA long

 

[Mr. Charts]

LEA closed
+24c per share

 

[Mr. Charts]

VTR long

 

[Mr. Charts]

VTR closed
Scratch trade