pthomas215
1,251 posts
msg #138076
- Ignore pthomas215 |
9/9/2017 3:55:06 PM
RON. are you asking about entry during the day or entry during the week? If your time frame is when you wish to enter during the day, I would suggest if the highly touted stock is up in pre market, enter on a dip in pre market. Usually you see stocks drop right at the end of pre market, as traders take their profit from an overnight bump. Or many times you see a dip at 6:45 (my time) as all the sell orders are being manually entered and executed from investors calling in.
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ron22
255 posts
msg #138079
- Ignore ron22 |
9/9/2017 6:10:11 PM
Mac & PT, Thank you for your replies. What are 2-3 good sources of pre-market data?
PT, is the common dip at 7:45, 8:45 or 9:45 EST? This newbie appreciates that you both are paying forward your knowledge.
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pthomas215
1,251 posts
msg #138084
- Ignore pthomas215 |
9/10/2017 2:55:01 AM
RON, you are welcome. I use Barchart to see what stocks have bumped and dumped in pre market. but I would suggest using a platform like Fidelity or TD to list stocks or ETF's on your watch list and see how they are doing in a.m.
https://www.barchart.com/stocks/performance/gap/gap-up
yes, at 9:45am EST you often see a pull back.
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ron22
255 posts
msg #138087
- Ignore ron22 |
9/10/2017 12:30:50 PM
Thanks a lot, PT. I will follow my watchlist in AM and check Barchart .
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pthomas215
1,251 posts
msg #138088
- Ignore pthomas215 |
9/10/2017 12:46:58 PM
Good deal. you will find a system that works for you. I like to first pull stocks from my favorite filters. Then I put those stocks through my charts to see how they look on paper. Then they go to the watch list. Then I look for good entry. And when you inevitably get the stock coming down after entry, remember how the chart looked. there is a book i read called Reminiscence of a Stock Operator. I do not recommend in any way the way the guy trades...all or nothing mentality. However when he doubts his positions, he says 'the tape looked good so I will stay". back in those days i guess they looked at tape. now we look at charts. the point being dont just pick a random stock in a good filter. run it through charts to see how it looks in order to make the watch list.
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ron22
255 posts
msg #138131
- Ignore ron22 |
9/12/2017 8:59:40 PM
Good advice. Thanks PT
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risjr
229 posts
msg #138427
- Ignore risjr |
9/28/2017 10:18:09 AM
Alot of these stocks take off, right at the market opening. Or, gap up from the night before. Does anyone has any recommendations, technical or otherwise, to try and profit from this?
Also, alot of the bid/ask spread is really low, late in the day, and then rises significantly the next day. Any feedback is appreciated.
Thanks
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pthomas215
1,251 posts
msg #138431
- Ignore pthomas215 |
9/28/2017 11:37:55 AM
risjr, i just added some logic to the filter around smoothing/consistency so hopefully you can see this as more of a swing trade filter. Ideas from other folks on here. hope this helps a little.
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risjr
229 posts
msg #138443
- Ignore risjr |
9/28/2017 3:56:38 PM
Thanks
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Mansor
78 posts
msg #143731
- Ignore Mansor |
6/6/2018 12:07:22 AM
NOT SURE IF THIS WORKS AS I INTEND IT TO WORK - 1ST POST ON SF
Replying to
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9/28/2017 11:37:55 AM
risjr, i just added some logic to the filter around smoothing/consistency so hopefully you can see this as more of a swing trade filter. Ideas from other folks on here. hope this helps a little.
Submit Fetcher[ Average Volume(30) > 3000000
weekly ema(5) is above weekly ema(5) one day ago
price crossed above weekly ema(13) within the past 1 days
close is between 1 and 155
average volume(90) above 50000
average volume(10) above 250000
offset is 0
draw IFT(5,9) and draw IFT(5,9) line at 0
and draw IFT(5,9) line at -.90
add column IFT(5,9)
IFT(5,9) < 0.80
add column separator
set{slope_incr, days(slope IFT(5,9) < slope of IFT(5,9) 1 day ago, 30)}
draw slope_incr
set{slope_pos, days(slope of IFT(5,9) < 0, 30)}
draw slope_pos
set{sort, slope_pos + slope_incr}
set{volcnt, count(volume above 50000, 100) }
set{volzero, count(volume equal 0, 100) }
set{x1, high - open}
set{Long_Profit, x1/open }
set{C1A, count(Long_Profit > .04 , 100)}
set{C2A, count(Long_Profit > .09, 100)}
set{C0010, C1A - C2A}
set{D1A, count(Long_Profit > .09 , 100)}
set{D2A, count(Long_Profit > .19, 100)}
set{D1020, D1A - D2A}
set{E1A, count(Long_Profit > .19 , 100)}
set{E2A, count(Long_Profit > .29, 100)}
set{E2030, E1A - E2A}
set{F1A, count(Long_Profit > .29 , 100)}
set{F2A, count(Long_Profit > .39, 100)}
set{F3040, F1A - F2A}
set{G1A, count(Long_Profit > .39 , 100)}
and add column daychg2
and add column C0010 {4_9}
and add column D1020 {10_19}
and add column E2030 {20_29}
and add column F3040 {30_39}
and add column G1A {40+}
and add column C1A {ttl}
sort column 6 descending
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I added from previous pages the following filter/command:
and add column average day range(10) {adr10}
and add column average day range(30) {adr30}
to your scanner above
2nd
I lowered avgvol from 3M to 500,000
3rd
close range 1-10 - I believe in buying more vol at cheaper $
After running the scan, I clicked and adr(30) with the highest %
TOP 4
1- ARMH -Kiss of death based Price > bb(20) & close < open
2- DARE
3- MDXG
4- VSAR
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