| StockFetcher Forums · Filter Exchange · A "Milking the Cows" Dashboard Filter | << 1 2 3 >>Post Follow-up |
| TheRumpledOne 6,411 posts msg #55466 - Ignore TheRumpledOne |
10/2/2007 9:22:30 AM "What is the formula you use for the BuyZone ? " The Buy Zone is a really simple scalping strategy based on statistics. There are 4 horizontal lines: Long Top = open + $.20 Long Bottom = open + $.10 Short Top = open - $.10 Short Bottom = open - $.20 When the price enters the Long Zone from below you buy. When the price enters the Short Zone from above you sell short. Trading stocks from the MTC SELECTION FILTER with this method that move $.50 over 80% of the time puts the odds in your favor. You "kmow" if they move $.10 in a direction that odds are they will move $.50 or more in the same direction. The trade usually only last a minute or two. Sometimes, if you catch the move just right, you may be in the trade for 15 minutes and net dolllars per share. Remember this, the open is the starting price and every big price move must pass through one of the zones. All you have to do is enter the trade while the price is in the zone and you will be in a position to catch the move. It is that simple. Stops? Think about it... if you are in a Buy Zone trade and the price crosses the open, it's time to pack it in. If you allow it to enter the opposite zone without exiting and perhaps reversing your position, then you are hoping and not trading. When to take profit? If you are long and priice is making lower lows and/or lower highs, it would appear the run is over and it's time to take profit. You can always exit a part of your position to lock in profit and let the rest ride. I have posted about the Buy Zone at length on www.kreslik.com |
| TheRumpledOne 6,411 posts msg #55467 - Ignore TheRumpledOne modified |
10/2/2007 1:48:53 PM
The HiOp and OpLo columns tell the story. |
| binhp 71 posts msg #55594 - Ignore binhp |
10/9/2007 12:53:20 AM Thanks for the explanation TRO ! -BP |
| simplegolpadia 11 posts msg #56864 - Ignore simplegolpadia modified |
11/20/2007 1:09:38 AM ***** |
| TheRumpledOne 6,411 posts msg #56869 - Ignore TheRumpledOne |
11/20/2007 9:37:20 AM Can you manually trade it profitably? If NO, then you should NOT be attempting to automate it. |
| chetron 2,817 posts msg #66969 - Ignore chetron |
9/5/2008 8:40:33 AM pop no need to read this post. glty |
| TheRumpledOne 6,411 posts msg #69092 - Ignore TheRumpledOne |
11/7/2008 3:42:58 PM
Someone was asking about trading stocks under $40 shares using "MILK THE COWS". DRYS is a short cow. Not quite good enough to be a long cow. But you can still make money trading it. |
| chetron 2,817 posts msg #70564 - Ignore chetron modified |
1/10/2009 7:18:49 PM A |
| TheRumpledOne 6,411 posts msg #70567 - Ignore TheRumpledOne modified |
1/10/2009 9:28:43 PM A |
| chetron 2,817 posts msg #70569 - Ignore chetron modified |
1/10/2009 9:43:48 PM B |
| StockFetcher Forums · Filter Exchange · A "Milking the Cows" Dashboard Filter | << 1 2 3 >>Post Follow-up |