Robert H

It looked like an ORBD for me as well. However, the entry at 9:35 AM @ 13.02 would place it 0.25 from VWAP. That means a profit target of 12.50 would be needed for 2:1. Given how much it had already gapped down, that type of drop would be quite improbable. Also, the opening candle was 0.30 with a large bottom wick. For a $13 stock like PBR, 0.30 is quite large for an ORB. Adding to your short on the new 1-min high was probably unncessary since it was making higher-highs and higher-lows on the 1-min. Nothing wrong with your thought process. Sometimes ORBs just don't work out.

JT, I have 2x34" ultrawide monitors stacked on top of each other. You can see my setup here. I use the 5-minute chart since that is best for identifying setups/patterns. Once a stock catches my attention, i load it into one of the bottom two stations. These include 1-minute charts where I can get a closer look at the price action for entry/exits.

Try selecting hidden windows by going to the Windows menu. At the bottom select More Windows and a little pop-up will display all open windows. If you can't find pop-out windows, you can close them from the Windows taskbar. Just hover over the DAS icon and then click [X] on the right of each row.

You need to use the ROUND2 function as outlined in this post. Try this: Price=Round2;Share=BP/Price

Great trade, Robbie! Love you how you scaled out at the HOD and before the dump. Excellent trade management on a high risk-to-reward play!

Robbie, I don't have yesterday open and close. The other four are correct.

Nice trades, Jimmy! Good job on noting areas of improvement.

Not sure if you can change the commission structure. Try emailing [email protected].

Check out tradingsim.com Someone posted about it here.

Monk, it happens when you press SHIFT repeatedly or hold it for too long. It happens to me as well every now and then. This guide explains how to enable/disable it.

Right click a horizontal line and Config. The changes are applied to new lines and not existing ones. So it's best to Remove All Lines first, add a line, then change config.

Yes $2.95 per trade up to 1k shares. Please see the CMEG sticky for more info.

Yikes! Thanks for reporting back, Martin. They should really let that be known before you open an account from abroad. Will you be looking for another broker then?

Sorry to hear that, Martin. Is you account with Interactive Brokers US or some sort of European subsidiary? Andrew and myself are with IB Canada and the PDT rule does not apply. I can confirm this since my account is under $25k USD.

M ABCD/Moving Average Trend – May 17, 2018 Macy's was in play yesterday as it popped to new 52-week highs. Today saw the bullishness continue with a huge ORB to the upside. I didn't take the trade, but rather waited for a pullback. Around 10 AM, I saw an ABCD forming and waited for a new 5-min high. My stop loss would be 33.95 and my initial target at 34.35. With an entry at 34.10, my reward-to-risk was around 2.0. After the stock popped, I scaled out aggressively at 34.35. I kept some shares for 34.50 and above. With my last bit of shares, I hoped to get to a level at 34.91 so I let it ride the 9 EMA. When it tested the 9EMA at 11:30 AM, I should have gotten out but it surged back to test the HOD again. I made the mistake of walking away and came back to see it lose the 9 and 20 EMA's. I quickly sold all and closed the trade. The ABCD was a nice clean setup and I feel that I executed the trade well. The Moving Average Trend trade was a big fail on my part as I had many signals to exit: test 9 EMA, double top, loss of 20 EMA. Lesson learned: don't leave a trend trade unattended.

Nice trades, Carlos! Congrats and thanks for sharing.

I suggest you guys start a spreadsheet so everyone can mark their availability in a central location. Easier to schedule around. Take a look at the NYC signup sheet as an example.

Is the Share size equal to your long position? Press the [P] to set it and the button should switch to SELL.

[email protected]

WTW ABCD - May 11, 2018 WTW gapped up and then rocketed at the open. I considered taking an ORB but it was too far from VWAP for a favourable risk-to-reward. Andrew ended up going long at 74.80 at 9:38 AM and managed to get some profit before the drop to VWAP. Shortly after, I watched an ABCD pattern consolidate with a strong support at VWAP and the 9 EMA. My stop would be VWAP at 73.80 with a target of 75.89. With an entry at 74.50, the risk to reward-to-risk was 2.0. I accidentally took double the size and quickly sold half just above break-even. Despite my conviction that it was a long, I wasn't able to manage my risk properly with that larger size. The stock continued to make higher-highs and higher-lows and I scaled out accordingly. When it made a new 5-min low, I was all out. Unfortunately for me, that was just a quick pullback and the stock ended up hitting my target a few minutes later. Oh well--great trade nonetheless.

JD Opening Range Breakdown - May 4, 2018 I watched JD slowly trend down after bumping it's head on the 50MA at the open. It continued to make lower-highs and lower-lows until it finally lost VWAP. I waited for some sort of a pullback as the 3rd 5-mionute candle was just way too large and quick to trade. At 9:45 AM, I saw that it was a great 15-min ORB down. My profit target would be a level at 37.03 with a stop above VWAP at 37.85. With an entry at 37.65, my reward-to-risk was 3.0. On the dip I quickly coverred some and continued to take profit on the lower-lows. When the stock reversed, it shot up so quick that I was barely able to cover my last bit of shares at break-even. Looking back on this trade, I should have covered more aggressively near the bottom since it was very extended from VWAP. Live and learn.

SQ ABCD - May 3, 2018 SQ opened up really strong on some sort of a Bull Flag. I watched it for an ORB but it quickly retraced and consolidated around the 47.80 level. After watching it hold the level, I waited for a new 5-minute high to go long an ABCD pattern. With an entry around 48, my stop would be 47.75 and my target the PCL at 48.65. The reward-to-risk was 2.7. After it made a new 5-min high, Bulls jumped in and pushed the stock higher towards Y/YY levels. I took some profit there and continued to scale out at the HOD and PCL. My last bit of shares were sold on a new 5-min low right before it dumped to VWAP and below. This was a classic ABCD trade on a bullish stock that was strong above all the moving averages and VWAP. In the first 30 minutes, the success rate of these types of trades seems quite high.

James, there's a link to the Google Sheet in the first post. Please put your name T-shirt size down. Thanks!

Got it, Bal. You didn't include a T-Shirt size?

Also, what was the minimum amount required to open the account? Account minimum is $30k. Please see this post for more details.