| StockFetcher Forums · Filter Exchange · Filter for bullish bucket formations | << >>Post Follow-up |
| Rock Sexton 111 posts msg #91226 - Ignore Rock Sexton |
4/15/2010 4:08:29 PM I've been using a lot of ichimoku lately and it would appear to go hand-in-hand with bucket formations when a breakout occurs. Does anyone have a good filter for buckets like that? |
| chetron 2,817 posts msg #91232 - Ignore chetron |
4/15/2010 6:49:14 PM isn't a bucket formation just an over sized cup and handle formation? |
| Rock Sexton 111 posts msg #91233 - Ignore Rock Sexton |
4/15/2010 7:33:14 PM You're right. It is. That would help too. |
| moby 314 posts msg #91241 - Ignore moby modified |
4/16/2010 12:54:33 AM a bunch here: http://www5.stockfetcher.com/sfhelp/proxysearch.php?sfHeadSrchType=web&restrict=Help&q=cup+and+handle&x=18&y=6 |
| marine2 963 posts msg #91244 - Ignore marine2 |
4/16/2010 2:19:44 AM Nice filter. I backtested it in a good stock environment in the year 2006 and here are the results. 88% Wins and ROI = 66%. That is a very good test result. Thanks for sharing. |
| chetron 2,817 posts msg #91247 - Ignore chetron modified |
4/16/2010 7:01:37 AM reprint.....= ) riggs - Ignore riggs 12/11/2005 5:00:58 PM riggs 1.thanks for the 3 interesting filters. 2. what is the time frame for the "expected" move ? its a day trading time frame or more likely days. 3. you replied before to another , but please spend few minutes to explain more practically how to use the first 2 filters (the longs). from the moment i have the daily list and specific stock, how do i interpate the data and on what point execute a trade. thanks again udi ******************************************************************************** UDI & Trendseeker - Thanks for taking the time to look. As far as "time frame," it works perfect in ANY time frame, weekly, daily intra-day. Let's take some time looking at a couple of stocks to get a real feel for how this works. I also promised to give you all a couple of fun filters to go along with this theme. Let me begin by pointing out that some charting sites don't pick-up the last 2 days of DMA(28,-14), much less the moving average period. But obviously and thankfully, stockfetcher does. Now take a look at the # 1. DMA 5% filter. You will see at the time of this post(12/11/05) 25 results. I alway look for stocks that are at least $3.00 BELOW the DMA. So lets start with "CTRP" @ $52.45. The first thing you want to look for is "reversal signals." What do you first see with CTRP on a daily chart? You see a major negative right? Bullish Engulfing with that huge dark candle. BUT! it's at a big time resistance level right? Also, look at the volume spike. Other than "Doji's", 50% increased spikes are a definite signal that better times are ahead. So what's next? How about indicators that show DIVERGENCE? I always start with CCI(7)for divergence, but if it's not there, I turn to 'TRO'S' RSI(2). And as you can clearly see, divergence shows it's beautiful face. So far we have a POSSIBLE play right? We have a stock where DMA is above price by more than $3, it's at a major resistance level AND it's a classic "Double Bottom" too! Next I look at the long term "weekly" chart. If the weekly chart shows the same, I pull it aside and wait for an intra-day set-up. And sure enough, the WEEKLY is more than $6 below the DMA! So now we pull up a 5-day HOURLY(60 MIN.)chart. What are we looking for? The same as above! DMA above price, reversal signals, and divergence. What is CPRT telling us on the hourly chart? It's telling us, "DO NOT WAIT ANYLONGRER!!!" It's clear that DMA is lurking above, you got a major exhaustion volume spike(reversal signal) at the 12:30 session, AND divergence with CCI(7)and RSI(2). You even have divergence with your Fisher Transform(10), and a nice round azz...I mean nice round bottom on your Slow Stochastics(5,3)and heading up! There is not a better example than CPRT! So what's the entry you ask? Well if you look at your 3 min. chart, it left us with a "bullish Thrusting line" at the 3:57 mark. So I will wait for the first 15 min session of the next trading day, and if it's a white candle, I wait for my indicators to go oversold & jump in when I see divergence in either slow stochastics(5,3)and or CCI(7). And volume has to be increasing prior to that. I also may enter after seeing significant changes on my level II screen as well. That usually tells me some "good news" just got released somewhere. Other than that, I look to get filled. I now want to show you how POWERFUL DMA is on hourly charts without the classic daily & weekly chart signs. Pull up a 3 month daily chart on(TOT). Notice how it's been in a trading range this past week? Notice also the negative responce you are getting from your slow stochastics? Also notice the BEARISH HARAMI you got yesterday(12/10/05) near resistance level? Now pull up your weekly. Not much different right? Now pull up a 10-day HOURLY chart on (TOT). Look at how the DMA is acting towards the end of the trading day. See how it's starting to point up? This is the "crytal ball" effect I've been try to tell everyone. The day's sessions ended with a couple of Harami cross', no real volume to speak of, and still appears to be in an overall sleepy state. Now look to the left of the chart all the way over on 11/30/05. See how price is dropping but DMA is rising? It went FROM 124 TO 129 in no time! The day prior to that(11/29/05)on a daily chart didn't really show any kind of buying signals. No real DMA, divergence etc...but things sure did change intra-day the next day didn't they? And you didn't have to wait for divergence or EMA crossovers to figure out something was about to happen right? What happened? DMA rocketing baby! Here is a DMA filter to spot BOTH divergence and Doji's. A special thanks to THERUMPLEDONE for the divergence part of the filter.... This next DMA filter will find stocks dropping and then resting on the 50-day MA. The DMA will then serve as your price target. Now this next DMA filter is showing "filter error" but is working just fine. This filter is going to find a few nice HOURLY filters for you. We talked about the powerful effects hourly charts have with DMA. I hope this answers the questions you two had, and I'm glad I had the time to go over them for you. I'm in a great mood today, I had Cleveland +12 @ Cincinnati on a straight bet for $2,200.00 and won 20-23! Love those DD spreads... RIGGS. riggs - Ignore riggs 1/15/2006 3:46:41 AM I've never been one to beat a dead horse, and don't like pulling from the grave, but I thought it was time to put closure to these threads. The only way to do that is to end it with a bang! So check this out.... DMA & RSI(2)IS THE "ONLY" WAY! riggs - Ignore riggs 1/18/2006 9:05:51 AM nikochopen, Let me guess....you're going to bet ALL the stocks on that page right? Also you will notice that most of the stocks have the DMA slope pointing downward! Why on earth would you put money on a stock like that? I have about 10 different filters I draw from, and if I'm lucky I might use one from each filter. And do you know how to trade? If so, you could have made money at some point on MANY of those stocks! So don't come at me with black & white! Trading is not at all like that. Out of all those stocks you posted, let's see what happens tomorrow! I'll put on a trading clinic if you like, and I'll find 1 or 2 of them that will ROI just fine. It's not about the filters. It's about entry & exit points & market timing! Filters provide "market timing" and GOOD trading skills will always provide the "entry & exit points." Besides all that, were not even talking about that filter anylonger! You are way behind my friend. This is the filter you need to be wasting your time on backtesting.... It's not about "high scores", it's about taking what the market will give you! Do you have the balls to do that? Yes? Then you will be a success. If you just want to wait for a "green" colored performance column, then you will always be driving a limo for guys like me. RIGGS. riggs - Ignore riggs 1/18/2006 5:44:30 PM luc 1grunt - Here's the scan you're looking for.... RIGGS riggs - Ignore riggs modified 1/28/2006 12:55:30 PM riggs - Ignore riggs modified 2/16/2006 8:29:00 PM For those of you lucky enough to actually see this post, I'm releasing the 3 new filters as promised. I just got a great corporate gig because of these filters, so I won't be spending much time here anylonger. An ivestor that saw my filters somewhere else on the internet, has hired me to head up his research department, and his trading room. Now unlike the other investors last week, he seems to think we should "spread the wealth along to everyone." Now with this being my very last post, I want to make sure you all understand what to look for, and how to use "The 3 Dominators!" As I said last week, "you'll never use another filter ever again." Someone recently asked me "why don't I just use rsi-2 and be done with it?" Had I been able to post, I would have told him, it's because rsi(2)does NOT foretell the future like my filters do. The only thing rsi(2)tells you is...the stock has bottomed out and no more harm can be done to it. But, It doesn't tell you good things are to come like DMA. How many times do we see DMA fall WITH rsi-2 below 1? Too many if you really want to know. rsi-2 IMHO is no better than the MACD Histogram IMO. In fact, I see much better results from MACD-H! RSI-2 is nothing more than a 50/50 daytraders entry indicator.It doesn't tell you about the future price of a stock, and more times than not, it will sit below 1 for days on end! So enough of "that little indicator that MIGHT." DMA(Displaced M.A)will NEVER leave you looking in through the out door! In fact, it rings a bell and TELLS the other lagging moving averages to "get up here now!" And we already know that price will ALWAYS follow suit. I noticed some of you were fighting with the "slope" of the DMA. You had the wording correct, but it wasn't in the right place. The phrasing needed to be # 1. priority! That meant the filter itself needed to START with the "slope" phrasing. So thats how I took care of the "slope" issue. Next, you'll notice I strategically placed the EMA(39)more than 2% above price, so that when the EMA(3)crosses over it, there will be a BLAST of energy! and it will happen EVERYTIME without fail! Then the EMA(13)will get ahold of the EMA(39), and that's when the stock catapults! By this time(3 or 4 days later), you will be ready to exit EARLY and catch the next one. I have looked at HUNDREDS of filters, and nothing even comes close to the regularity and precise price targeting of this filter. The beautiful thing about it is, you can make it(DMA)do what ever you want. Can rsi-2 do that? Not in this lifetime! Will it give you price targets? Never! Does it ring a bell? Yes, rsi-2 tells you when it's lunch time and thats it! Heck, even I can see a Sharks fin in the water on a surfboard! But DMA equips the surfer with infrared high powered Binoculars, so he sees the Shark fin 3 swells away under a dim moonlight night! # 1. DMA 5% FILTER: Next you guys are gonna see the ELDER-RAYS magic. I've been talking about "Bullpower/Bearpower" since I came here, and finally someone(Maxreturn)wrote it in filter terms. Take a look at the "offset" days, 3 and 4 days back. Then you couple it with DMA, and you've got "DOMINATOR 2!" Get to know this filter, it will be your second best friend. Sorry about that wives.... # 2. DMA & Bullpower / Bearpower: We all know a market top is coming soon, so this filter is right on time at the time of this post 12/3/05. It's my DMA shorting filter. BTW, can you short stocks with rsi-2? I wonder...anyhoo, my shorting filter will get you in BEFORE the "dark cloud" covering. How many times have you tried to short a stock, but never got an uptick? This filter is geared to get you in EARLY just B-4 the storm. Now I implemented IMO the only reason to ever use RSI(2), so you'll see it's small occurrance in the filter, but it does play a nice role. Start looking for intraday reversal signals and get in. Don't worry about the price moving up a $1 or two, just take a long look at that DMA deep below. Pick the stocks with the widest range between price and DMA. In other words, if price is $22, then look for DMA to be around $18-$19. That way, you will cover around $16-$17. BTW, price will ALWAYS surpass DMA by a couple of dollars. DMA is not like other moving averages, price rarely rests on the DMA. Now the beauty of this is, you will cover the same way as Filter # 1. It's just that easy!!! # 3. DMA SHORTING FILTER: Well, there you have it. Do your OWN research and you'll see that there aren't 3 better filters around. Now remember, SF isn't perfect, so only look for stocks where DMA is pointing up or horizonatlly across the chart. I'll add a couple of fun filters to go along with these, but these are all you'll ever need. So you can all stop e-mailing me everyone(EBAY People) "THE ONE & ONLY DOMINATORS" are now yours! THE MIGHTY RIGGS! riggs - Ignore riggs modified 2/16/2006 11:22:47 PM I told all of you some time ago to never overlook Elder-Rays "Bullpower/Bearpower." Check out the performance of these scans.... DMA IS THE ONLY WAY! RIGGS ************************* WALLSTREETGENIUS - Ignore WALLSTREETGENIUS 3/11/2006 11:28:03 PM ******************************************************************************** Scott asked...... "this filter states it will give you entry and exit points has any one had success with this or tweaked it for better peformance. I also am unclear on the columns wich is entry and wittch displays exit." ******************************************************************************** Try this for tweaking....Then make it a 7 day offset. As you can see, it doesn't matter. This is one of the best short term filters on this site. But people would rather drink poisonous Kool aid than admit to it. LOL! ******************************************************************************** Scott then asked.... "Also Dominator Two has any one tweaked it for better performance?" How's this for tweakin' & performance? Not a better 1 day filter on the planet! Hey daytraders, take heed! RIGGS WALLSTREETGENIUS - Ignore WALLSTREETGENIUS 3/12/2006 12:50:23 PM Scott, The "columns" are not for "enter or exit." They are where the DMA is situated in conjuction with price. And the "Stochastics" column is just an indicator I look at when buying at the bottom. Listen, I suggest you read everything you can about DMA, because there is alot of opposition about this MA. I use it for market timing only. You should really check out my latest work though. The entry and exit points are much more reliable. Read my "And The Hits Just Keep On Coming" thread. **** THE MIGHTY RIGGS ACCUMULATION WARM POP-80 **** **** THE MIGHTY RIGGS BULLPOWER / BEARPOWER **** RIGGS |
| Eman93 4,750 posts msg #91336 - Ignore Eman93 |
4/17/2010 5:19:55 PM You da man Chet.......... you trade any of these? |
| chetron 2,817 posts msg #91338 - Ignore chetron |
4/17/2010 6:45:40 PM NO, BUT THE GENIUS' ROUND BOTTOM LOOKS MORE INTERESTING THAN ANY CUP AND HANDLE FILTER I HAVE SEEN. |
| StockFetcher Forums · Filter Exchange · Filter for bullish bucket formations | << >>Post Follow-up |
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