Multi time frames. Watching EOD Daily high/lows/close, then using 1hour or 30 min opening range chart for direction, confirmed on 15 min, then entries on 5 min. Watching the DOM and order flow more than anything. The plan was formulated in the last hour of Friday's trading, 1.46 number. which I posted somewhere. I just needed confirmation and that happened yesterday but was a bit dodgy on the close due to low volume. Today's open was slow, managed to get a small position and once the opening range was holding I ending up buying more around 12 o'clock, and a few more a bit later around 3 pm. The market was quite thin till then.
My trades are nearly always planned out prior the market is opening so all I need to do is execute.By the time my order was filled I was paying 1.56 and still have pending orders lower. Because you know the fundamentals are solid it's a relatively easy trade to do. Simply because if I get caught out holding I know it's just a matter of time. This stock is going to offer near perfect trading opportunities as the trend develops.
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Last
48.5¢ |
Change
-0.010(2.02%) |
Mkt cap ! $71.28M |
Open | High | Low | Value | Volume |
49.5¢ | 50.0¢ | 48.5¢ | $187.2K | 378.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 468 | 48.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.0¢ | 63094 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 468 | 0.485 |
3 | 29250 | 0.480 |
2 | 25000 | 0.475 |
2 | 34635 | 0.470 |
2 | 17171 | 0.465 |
Price($) | Vol. | No. |
---|---|---|
0.500 | 63094 | 4 |
0.515 | 13182 | 1 |
0.520 | 72780 | 2 |
0.525 | 21886 | 1 |
0.530 | 5000 | 1 |
Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
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SMN (ASX) Chart |