RE: Auction?9 May 2023 12:19
DJENKS. Happy to help, only educational.
Please do not follow these strategies. If so your playing at your own risks.... as this my game plan only.
Every one has their own game plan.
Unfortunately nobody knows when the RNS comes out.
So If your trading long or short.
Short does not mean short betting the stock. That's cfd.
What you have is RSI. MacD. Bollinger bands. EMA Cross over indicator..tools etc. To help make decisions to your trading but not guaranteed.
Ema cross will have a long play line and a short play line from the share price if moving up or down. You have to go learn how they work. You might already know.
I would set lines to think where the next price will move to on long candle wicks. So long candle stick red drop. Lower. To green long wick higher. This gives me an idea where the market may move but not guaranteed. Because they are the last longest trading volume indicators.. mins, hours, day etc.
So instead of me throwing say 150,000 shares at one price. In hope. Idea set limit unders Lower and limit stop orders higher to where the share price is at.
So through the minutes, hours, day or week,how you want to play it.
Example...
So if I set say 10 small parcels at 15,000 that's 150,000 shares. Average out, as you please your own money, differ sizes optional. More Lower less higher.
I'd look at the price, look at the RSi, bollinger yellow line middle range. Once it's at the yellow line. How playing it. So if minute or hour days etc.
I'd set 5 limit stop orders higher than the yellow bollinger. Set 5 Lower at limit orders. Of the the yellow bollinger. All being equally averaged out, as I dont know the movement.
Moves down it picks up limit orders, it moves back up to pick higher limit stop orders. With that I'm hoping on support from the other traders. To follow as it moves up. So basically I'm averaging my risk strategy. I'm not throwing my lump figures at one prices.
Price montering comes out, auction kicks in. And one of my orders is in at the time. As you have to be in before not as it comes out.
If im in with 15,000 from one of my 10 parcels. I go in the auction. 10,000 go in SETSqx as the trade equally cross over and the other 5,000 goes into the order book SETS.
I try follow the movement of the shares price and let it pick up smaller orders low and high. As I know it moves around to pick up orders to put in the order book. Once the orders go in the book. It then works out all the buys and all the sells. And moves the price to the average it worked at as the share price of the min, hour, day.
Because you don't have a crystal ball lol. The price can keep moving down. So I decided to take my loss.
If it moves up. I then take my profit.
As known your profit/loss.
Unfortunately nobody knows how the market will move on news, no news.
So I'm basically montering my risks.
Orders can be as Low as your desire or higher.
A.B