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

    • I guess US has fund managers and investment banking institutions looking after the portfolios on behalf of their clients.
    • There are many resources related to forex trading available on forums like babypips and forexfactory etc.
    • Candle stick pattern is one of the easiest charting patterns available to learn and make money. However, new traders never learn about the skills needed for earning money but they rush for making money and eventually lose their money.
    • Nothing wrong with being a ‘progressive’. Nothing wrong with being a ‘conservative’.  Very generally, ‘conservatives’ have preponderance of the here and now neurotransmitters, prefer empirical references, the rule of law, and value individual agency (It has been said that conservatives love humans and progressives love humanity) . Very generally, ‘progressives’ are dopaginaric - driven by passion for a better possible future, prefer references to others  (Example Karmela won’t answer questions with facts.  She cites the opinion of 18 ‘experts’), have a penchant for rule by man/mobs not by law , and value ‘societal' agency.  However, excesses of either tendency indicates mental illness, collective malaise, and has consequences.  When either camp is systematically captured by control seekers and/or, situationally by mobs, the whole is lessened. A key sign that is occurring is when one side no longer allows disagreement.  Progressives have  currently gone crazy in those excesses and are no longer allowing anything but unithought... examples - You can still be a vocal pro choice republican.  Try being a vocal pro life democrat. For snicks just try it.  You’ll get cancelled.  Bust a myth about blacks in America, true up the real  history of Republicans ending slavery and what has happened since, how the democrats are the party of the KKK, how Obama did not a fkn thang for blacks in general, be a black republican, etc.    You will get canceled in a heartbeat. Step up and question the social agendas of federally subsidized schools at a board meeting... get treated like shit and also get an immediate case number with the FBI ... Question the requirements to watch and lickkiss the 'rainbows' and also make sure your kids show up for it, not to mention fund transitions out of your pocket and see what you get ‘labeled’ Question mainstream media bias - even just to mention that biased, agenda driven narrative is different from truth in reporting - and see what happens to your voice... Excesses have consequences... imbalances have consequences... just sayin’
    • SBUX Starbucks stock, watch for a top of range breakout above 99.81 at https://stockconsultant.com/?SBUX
×
×
  • Create New...

Important Information

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