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 Posted - 02/23/2012 15:00:50   |
quote:
Originally posted by ant___
Thought I'd try the @ESD12.D this morning since it fit the criteria nicely.
Entered with one contract (due to first time using the Tachyon Beam Method on Futures) at 10:04 at 1352.75.
Still in trade with stop trailing now at 1359.25...{Edited: stop trailing at 1358.75 and just closed at that price.}
Tachyon Beam Method on Futures
__ant, not familiar, can you please share what it is?...
or is that proprietary from Vince or yourself?
Thanks |
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| Posted - 02/24/2012 10:50:53 |
tachyonv,
I am trying to figure out what you are looking for on the Daily & Weekly charts....OR....
Better yet...What would make you steer clear of trading a symbol that qualifies in every
other way based on either the Daily or Weekly charts? |
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| Posted - 02/24/2012 11:24:18 |
Have to leave early today - so had to exit early:
PRGO + .36
PANL + .23
GMCR + .32
All 200 shares trades.
Thanks again tach. Off to see my Grandson.
Hook |
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| Posted - 02/24/2012 22:17:59 |
| Thanks
Tachy and all for the commentary. Here's a question for the group that
may (or not) open the list and range of candidates. Does anyone have
thoughts or experience with modifying the $2.00 intraday range down to
$1.00 and then to take profits at $.26 but trade in lots of 2000? There
are alot of S&P companies that trade around the 50.00 mark and bang
back and forth buy a dollar or two. Would the size limit the fills?
Or could you structure the exit to take 1000 at $.24 and the other after
$.28. What do you think -- Thoughts? |
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| Posted - 02/25/2012 13:08:18 |
quote:
Originally posted by cam111
Thanks
Tachy and all for the commentary. Here's a question for the group that
may (or not) open the list and range of candidates. Does anyone have
thoughts or experience with modifying the $2.00 intraday range down to
$1.00 and then to take profits at $.26 but trade in lots of 2000? There
are alot of S&P companies that trade around the 50.00 mark and bang
back and forth buy a dollar or two. Would the size limit the fills?
Or could you structure the exit to take 1000 at $.24 and the other after
$.28. What do you think -- Thoughts?
You
want to have enough intraday range to make it the stock/ETF/Futures a
good day trading vehicle. We want to capture a portion of its daily
range. If the daily range is not large enough, there isn't enough
profit potential. Test these concepts for consistent performance. For
me, experience and testing has shown that a 2 point range is a good
minimum daily range filter for stocks in addition to other requirements.
As Tachyonv correctly stated in a previous post:
quote:
quote:
Originally posted by tachyonv
Just an observation. Too much tinkering around and not enough simulated and real trading going on.
Bluntly,
before trying to improve this method, why not first learn to trade it,
as-is, well? Maybe the method can be improved, maybe not, but until a
trader truly masters it, as-is, tinkering with it is a waste of time.
Perhaps
the tinkering is a form of procrastination, a fear of real trading, a
fear of failing at trading a method which works, or even a fear of
succeeding wtih a method which works.
Well, know thyself is an
important issue for a trader. Don't trade this method if you're afraid
of it. NP, less competition for fills for my trades then. Or trade it,
but be smart about it, master it as-is before being presumptious about
improving it.
What I'm saying in other words is, too much
diversionary, distracting stuff herein. Time to trade it or get off the
proverbial pot. It is not time to improve it before even really
understanding it.
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| Posted - 02/25/2012 15:36:54 |
quote:
Originally posted by tachyonv
Desktop set up including time and sales
Hmmm.. Tach must have a real powerful machine with so many apps opened and yet able to use it for intraday trading |
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| Posted - 02/25/2012 20:36:02 |
the
only apps open are internet explorer, outlook, excel, and
tradestatio... at first sight.. that he has pin things to the task bar,
does not mean they are all running at the same time.
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| Posted - 02/26/2012 04:53:43 |
Tachyonv,
I started following your post a few days ago and thanks for another
great contribution to the Tradestation community. This looks very solid
and I have been paper trading trying to understand the actual trade
trigger a bit better. It is my goal to better understand what
combination of KC channel position/movement, %R, volume and other
criteria you use to trigger the trade. My goals in writing this post is
to see if you can further educate us in some of your logic behind your
trades.
You have supplied your trades for several days and I
have analyzed each one to see what your probable trigger was. For your
trades on 2/15 you supplied the time and entry price so analysis was
reasonably straight forward. For all the other trades no time was
supplied so I made assumptions on when entry was and so my analysis may
be flawed here.
I am able to classify the trades into three
categories and I have given them descriptive names. The trade types are
reversal, breakout and unknown. If you have better names I will use
those. I am looking to see if my knowledge is correct on the different
trade triggers.
REVERSAL: This is the vast majority of the
trades and in these it appears that we are waiting for the price to hit a
morning low, reverse and then cross back above the LKC. It appears
that the buy is made at the MKC and when the %R is above 30. Is this
basically correct and how do you use volume in the decision? Is it a
good idea to take the trade a bit earlier if the %R is very high? Are
there any other factors you can share with us?
BREAKOUT: The
OPEN 2/15 and the PRGO 2/16 trades appear to be breakout trades where
the buy is made after the first hour opening range and when the UKC is
exceeded with a %R > 90. This appears to be a very good way to enter
a trend day on these stocks. I can also see classifying these as
reversal trades where the low is made in the opening first 5 minutes.
Is this a correct understanding and is the success rate on this type of
trade as high as on the reversal trade?
UNKNOWN: These are the
ones that do not seem to fit the above patterns. The NFLX and RRC on
2/24 do not seem to have setups that match the others. Can you clarify
here?
Again, another great contribution to our understanding of
trading and any more information on the actual trigger would be really
helpful. Thanks for all the help.
Regards Lloyd
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| Posted - 02/26/2012 14:14:29 |
quote:
Originally posted by bwjr
tach,
I haven't even gotten to 100 shares yet and I've already seen my limit
orders bounced off and even through by a cent or two. Once I build some
confidence I will scale up. I've never traded discretionary, only
automated, so I'm also a little clumsy at the orders. What Route do you
trade through? I've always used ARCX for my automated stuff, but I
just realized my order bar was set on Intelligent, and I just now set it
to ARCX.
you will always see fill
issues when not trading round lots.. or anything less than 100 shares...
always best to trade in increments of 100.. |
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| Posted - 02/26/2012 16:20:17 |
Dear
Tachyonv. I follow your posts since four days ago, and this is simply
incredible.... Thanks a lot for your strategy and comments
I will try your newest advices tomorrow. Thanks again !!! |
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| Posted - 02/26/2012 16:59:27 |
Tachyonv
- Do you generally hold an open trade until either the stop or target
is hit, or will you often exit early before either is reached?
Also, should "EV – LONG entry 29.87" be "EV - LONG entry 29.29"? |
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| Posted - 02/27/2012 10:52:24 |
quote:
... poopy diaper on 13 mos. old, it was soupy and very aromatic.
Have had similar experience....we've come a long way.... |
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| Posted - 02/27/2012 10:58:19 |
Tachyonv,
Have
you considered buying y shares and at 0.52 PT, selling half of the
shares and let profits run on the second half to a trailing stop (such
as a Parabolic or Goose's LeBeau)....or, does that approach not work
w/this method? |
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| Posted - 02/27/2012 11:44:56 |
| Closed
2 trades: Both entered about 10:00 - 10:02. Closed PRGO +0.56 at 11:30
and another symbol unrelated to this method's list for +3.00 at 10:36. |
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| Posted - 02/27/2012 15:10:25 |
tachyonv,
thanks for the system... it does requires lots of patience but it is
simple and I understand the premise of it... easy to trade with 10 or
1000 shares and allows for simple risk management.
ant__ i am also
doing multiple exits ... 3 targets and selling 1/3 at each target ...
first at 0.26 second at 0.52 and third away at 1.00. so I would think
that is up to each individual as they make the system their own... the
system is only looking to capture 25% of the Daily Range, so that is not
bad at all if you think about it.. and with 8-10 positions open at the
same time one can make a pretty penny..
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| Posted - 02/27/2012 15:51:48 |
quote:
Originally posted by ottrader
tachyonv,
thanks for the system... it does requires lots of patience but it is
simple and I understand the premise of it... easy to trade with 10 or
1000 shares and allows for simple risk management.
ant__ i am also
doing multiple exits ... 3 targets and selling 1/3 at each target ...
first at 0.26 second at 0.52 and third away at 1.00. so I would think
that is up to each individual as they make the system their own... the
system is only looking to capture 25% of the Daily Range, so that is not
bad at all if you think about it.. and with 8-10 positions open at the
same time one can make a pretty penny..
Agreed.
Have
seen 0.52 PTgt occur quickly and then watch multiples of that
follow...so, it seems prudent to me (perhaps not long term though) to
partial exit and let profits run w/a ratcheting trailing stop. Maybe
I'm wrong. |
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| Posted - 02/27/2012 17:27:19 |
quote:
Originally posted by ottrader
tachyonv,
thanks for the system... it does requires lots of patience but it is
simple and I understand the premise of it... easy to trade with 10 or
1000 shares and allows for simple risk management.
ant__ i am also
doing multiple exits ... 3 targets and selling 1/3 at each target ...
first at 0.26 second at 0.52 and third away at 1.00. so I would think
that is up to each individual as they make the system their own... the
system is only looking to capture 25% of the Daily Range, so that is not
bad at all if you think about it.. and with 8-10 positions open at the
same time one can make a pretty penny..
How can you possibly monitor 8-10 trades a day in order to make entry decisions on that many? |
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| Posted - 02/27/2012 18:44:54 |
quote:
How can you possibly monitor 8-10 trades a day
The
way I do it is by using RadarScreen with color coded cells and Alerts,
sorting to bring candidates that meet entry criteria to the top. All
linked to chart and matrix.
TradingDude
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