chetron
2,817 posts
msg #62310
- Ignore chetron
modified |
5/8/2008 7:01:41 AM
ENJOY....
BUY AT THE CLOSE, SELL AT THE CLOSE??????????
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chetron
2,817 posts
msg #62325
- Ignore chetron
modified |
5/8/2008 11:07:32 AM
AND THE SELL SHORT VERSION....
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money123
19 posts
msg #62359
- Ignore money123 |
5/8/2008 4:24:42 PM
hey thanks for your work could you tell us what it is this stock is doing in order for it to show up on the scan thanks
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chetron
2,817 posts
msg #62367
- Ignore chetron |
5/8/2008 6:17:51 PM
THE STOCK WILL BE A SOLID CANDLE THAT CLOSES ABOVE THE PREVIOUS DAYS MEDIAN PRICE OF A TRANSPARENT CANDLE AND THE VOLUME IS ABOVE THE PREVIOUS DAY'S VOLUME.
THE IDEA IS THAT THE STOCK EXPLODED THE DAY BEFORE. IT THEN COMPRESSES TODAY, ONLY TO EXPLODE AGAIN TOMORROW.
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money123
19 posts
msg #62368
- Ignore money123 |
5/8/2008 6:46:51 PM
thank you for responding sounds great, one last question if stocks show up through out the day are they good for this to jump in early and get out the next day at the close or should we only go into stocks that come up on the scan at 3 45 thanks
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money123
19 posts
msg #62369
- Ignore money123 |
5/8/2008 6:52:50 PM
sorry one last thing,, if we go in at the close of the market, you are always taking a risk of the market opening up down in your opinion how will these stocks generally react and can we use this as a buying opportunity thanks for your insight and help!!!
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chetron
2,817 posts
msg #62371
- Ignore chetron |
5/8/2008 7:27:00 PM
I AM NOT USING THIS FILTER TO TRADE.
THIS IS A WORK IN PROGRESS.
MY IDEA IS TO WAIT UNTIL 3:45, TO ENSURE THAT THE COMPRESSION STAYS INTACT. I DON'T WANT ANY LEAKAGE.
I HAVE ALSO NOTICED THAT IF THE SOLID CANDLE HIGH IS A NEW 5 DAY HIGH, OR ON THE SHORT VERSION, LOW IS A NEW 5 DAY LOW, THAT IT ENDS UP BEING A REVERSAL INSTEAD.
IT IS ALWAYS RISKY TO HOLD OVER NIGHT.
AT THIS STAGE OF DEVELOPMENT, I WOULD NOT PLAN TO INCREASE MY POSITION DURING THE NEXT DAY. I WOULD BE LOOKING TO GET MY 200 BUCKS AND GET OUT OF DODGE.
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chetron
2,817 posts
msg #62372
- Ignore chetron |
5/8/2008 7:33:51 PM
LOOKING FOR REVERSALS...
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chetron
2,817 posts
msg #62373
- Ignore chetron |
5/8/2008 7:45:12 PM
SHORT REVERSAL...
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money123
19 posts
msg #62377
- Ignore money123 |
5/8/2008 8:10:11 PM
again thank you on the revived version does the 3 45 go for that to also do you no of any filters on here that can pull out stocks in the morning that have went down early are hitting support and looking to bounce up for a point or so thanks
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