JTrader
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Hi
whether trading on a mechanical or discretionary basis, traders are faced with a choice of entering or exiting trades on an intrabar or close of bar basis.
if trading on an EOD basis, you would naturally be entering trades on a close of bar basis.
With regard to exits from trades, it is more likely that these will be generated on an intrabar basis - perhaps by your stop-loss etc.
On timeframes < daily, with regards to trade entries, if the TA criteria has been met for a trade entry, some traders will will enter trades on an intrabar basis, while others may think that it is important to see the whole bar (close of the bar) before placing a trade, and will look for the TA criteria that would have signalled the entry on an intrabar basis, to still be relevant and in place at the close of the bar before entering the trade.
My questions are - do you prefer to see the close of the bar before entering/exiting a trade, or do you enter/exit trades on an intrabar basis, if the relevant criteria has been met, if so, why?
And, are you trading on a mechanical or discretionary basis?
Cheers
jtrader.
whether trading on a mechanical or discretionary basis, traders are faced with a choice of entering or exiting trades on an intrabar or close of bar basis.
if trading on an EOD basis, you would naturally be entering trades on a close of bar basis.
With regard to exits from trades, it is more likely that these will be generated on an intrabar basis - perhaps by your stop-loss etc.
On timeframes < daily, with regards to trade entries, if the TA criteria has been met for a trade entry, some traders will will enter trades on an intrabar basis, while others may think that it is important to see the whole bar (close of the bar) before placing a trade, and will look for the TA criteria that would have signalled the entry on an intrabar basis, to still be relevant and in place at the close of the bar before entering the trade.
My questions are - do you prefer to see the close of the bar before entering/exiting a trade, or do you enter/exit trades on an intrabar basis, if the relevant criteria has been met, if so, why?
And, are you trading on a mechanical or discretionary basis?
Cheers
jtrader.
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