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.
- Forums
- ASX - By Stock
- Double bottom
Multi time frames. Watching EOD Daily high/lows/close, then...
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SMN (ASX) to my watchlist
(20min delay)
|
|||||
Last
38.5¢ |
Change
0.010(2.67%) |
Mkt cap ! $52.67M |
Open | High | Low | Value | Volume |
38.0¢ | 39.0¢ | 37.5¢ | $15.15K | 39.79K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1816 | 38.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
41.0¢ | 50 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1816 | 0.385 |
1 | 3859 | 0.375 |
2 | 24115 | 0.370 |
1 | 21553 | 0.360 |
2 | 4857 | 0.350 |
Price($) | Vol. | No. |
---|---|---|
0.410 | 50 | 1 |
0.425 | 7000 | 1 |
0.440 | 27779 | 1 |
0.450 | 20000 | 1 |
0.460 | 42437 | 2 |
Last trade - 16.10pm 22/05/2024 (20 minute delay) ? |
|
|||||
Last
39.0¢ |
  |
Change
0.010 ( 5.41 %) |
|||
Open | High | Low | Volume | ||
38.0¢ | 39.0¢ | 38.0¢ | 5147 | ||
Last updated 15.57pm 22/05/2024 ? |
Featured News
SMN (ASX) Chart |
The Watchlist
RDN
RAIDEN RESOURCES LIMITED
Dusko Ljubojevic, MD
Dusko Ljubojevic
MD
SPONSORED BY The Market Online