yepher
359 posts
msg #34043
- Ignore yepher |
11/21/2004 8:02:27 PM
the missing "and" in the first filter probably has some effect..
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Joules360
30 posts
msg #34424
- Ignore Joules360 |
12/18/2004 6:39:42 PM
Here is the Best Filter in my opinion for capturing the pullbacks and retracements in a trending market....when the DOW, S&P and NASDAQ are in a general uptrend...go with the Long filter...if the Trend is down.....go with the Short Filter...The odds are in your favor this way....This can be tweaked in many ways...and I have done that on many occassions...but here are the basic filters...I dont think that Backtesting will give you its true measure..only in the fact that these are meant to capture the meat of the next up or down thrust lasting from 1 day to 10 days maybe....so you need to put a Breakeven + Profit stop as soon as you are in the money...and then follow it up daily with a stop just under the previous days low...Then you will have all winners of various percentages....If the market price goes against you by more than 5%....I would kill the trade with a stop and move on to the next one...I personally use a broker that allows 200 trades a month for $19.95...there are some cavaets such as only allowing 2 window trades a day at 11am and 2 pm...however...by buying equal $1000 or $100 dollar increments in all of the scanned picks....will allow you to benefit from diversication and the fact that most of these picks will continue forward... http://www.foliofn.com
You can not short with this broker as well...so you need to Le-Sling with the general uptrend of the market for these to work best. Just put up a daily and weekly chart of the DOW, S&P and Nasdaq and when the 5,3,3 Stochastic on both daily and weekly are turning up then go long...if they are down...sit out ...or find a good short with the short Le-Sling and use a broker that will allow shorting such as http://www.interactivebrokers.com which only charges $1 in and $1 out for up to 100 share lots....again diversification with small lots is the key to any of these filter scans working...If you only pick one and that goes down 5% you are done..howeve...if you pick them all...and some go and some go down...your average in most cases will be up....because the odds are in your favor... then hopefully you will avg say 1% week or doubling your money every 2 years...and this is conservative..in good trending markets..you will make more...Good Luck!
Here is the Joules360 Le-Sling Long Scan when the Market opens Higher:
Here is the Joules360 Le-Sling Short Scan for when the market opens Lower:
Good Trading!
Joules360
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roca1018
163 posts
msg #34448
- Ignore roca1018 |
12/21/2004 6:50:28 AM
Petrolpeter,
Where is the Gann thread?
Thanks,
Rich
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petrolpeter
439 posts
msg #34462
- Ignore petrolpeter |
12/22/2004 1:39:12 PM
RealWorld Trading/Dave Goodboy.
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SurfnDestiny
78 posts
msg #34504
- Ignore SurfnDestiny |
12/23/2004 3:38:32 PM
fetcher {show stocks where price is above 4
and volume is above 500000
and the 20 day slope of ma(5) is < 0
and MA(5) crossed above MA(20)
and date offset is 75}
I love it when a plan comes together.
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SurfnDestiny
78 posts
msg #34505
- Ignore SurfnDestiny |
12/23/2004 3:39:09 PM
fetcher [show stocks where price is above 4
and volume is above 1000000
and the 20 day slope of ma(5) is < 0
and MA(5) crossed above MA(20)
and date offset is 75]
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SurfnDestiny
78 posts
msg #34506
- Ignore SurfnDestiny |
12/23/2004 3:40:25 PM
it would be nice if I could edit my messed up posts.
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SurfnDestiny
78 posts
msg #34517
- Ignore SurfnDestiny |
12/26/2004 12:20:04 AM
One change to get the required twenty matches
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snappyfrog
721 posts
msg #161347
- Ignore snappyfrog |
9/6/2024 6:41:32 PM
@James549
From the filter on page 2 of this discussion, I added what I like since I trade options.
This works quite well. And, since I do trade options, I made a bearish copy of it also.
It too works quite well. The signals on both can be a little early sometimes, but I tend
to go back and look at the previous 3 - 4 days to see when they hit dead top or bottom
and are ready to be played.
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