2ManyStocks 5 posts msg #61723 - Ignore 2ManyStocks |
4/23/2008 10:15:20 AM
Does anyone have a filter that fetch's piercing pattern reversals??? Thanks...
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marine2 963 posts msg #61736 - Ignore marine2 |
4/23/2008 1:04:27 PM
Never heard of that pattern before?
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2ManyStocks 5 posts msg #61738 - Ignore 2ManyStocks |
4/23/2008 3:45:15 PM
key reversal?
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2ManyStocks 5 posts msg #61739 - Ignore 2ManyStocks |
4/23/2008 3:45:40 PM
V bottom
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nikoschopen 2,824 posts msg #61743 - Ignore nikoschopen |
4/23/2008 4:16:41 PM
I think this thread is similar to the one ure looking for: Bottom Filter Help
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WALLSTREETGENIUS 983 posts msg #62475 - Ignore WALLSTREETGENIUS modified |
5/11/2008 8:20:18 AM
You'll find that not only are these "Piercing Patterns", but they are also
"Belt Holds" at the same time. This would make it an absolute bottom
reversal
RIGGS
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money123 19 posts msg #62480 - Ignore money123 |
5/11/2008 12:02:31 PM
thanks for the filter when is the best time to run these and what is a good hold time to get the result thank you
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WALLSTREETGENIUS 983 posts msg #62487 - Ignore WALLSTREETGENIUS |
5/11/2008 4:09:20 PM
thanks for the filter when is the best time to run these and what is a good hold time to get the result thank you
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There's never a "good hold time" with short term trading. I personally never hold more than 3 or 4 days on average. I like to sell before
oscillators and indicators get to overbought territories. There is always a buyer when people are buying. Finding a buyer when everyone is selling is a whole other ball game. So sell while the price is still going up is the best advice I can give you. I know it sounds simplistic, but it really is the best way to get out of a stock.
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WALLSTREETGENIUS 983 posts msg #62489 - Ignore WALLSTREETGENIUS |
5/11/2008 4:38:31 PM
2manystocks -
If you are looking for "V-Bottoms", this is probably one of the best avenues to take. Just don't be fooled by certain "bottoms." Make sure you have an absolute bottom, and one way I find them is by looking at Force Index(2), and Bearpower. If you are looking at a deep bottom on either of these indicators, make sure it is a 2nd more shallow bottom (divergence)than the first one. But price must be equal or lower than the first. Take a look at May 9th's results. (SUN) & (EK). look at the two levels on FI(2). So, If in fact it is a more Shallow bottom, wait for these indicators to tick up, and make sure it is a reversal signal...i.e., "Piercing Pattern", "Morning Star", "Bullish Engulfing", etc....I have a lot of fun with this one particular filter, so I hope you do as well. BTW, you'll find quite a few "Piercing" candles in this filter.
RIGGS
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money123 19 posts msg #62510 - Ignore money123 |
5/12/2008 11:29:52 AM
when is a good time to run the scan before during or after the market or dosent it matter thanks
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