alf44
2,025 posts
msg #69586
- Ignore alf44 |
12/5/2008 11:47:01 AM
"...dummy spot pick up a few that your scan missed the other day..."
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How can that be ?
Am I missing something here ?
An "Inside Day" is very explicit...why would there be a discrepancy ? tia
Regards,
alf44
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chetron
2,817 posts
msg #69587
- Ignore chetron
modified |
12/5/2008 12:04:48 PM
i am sorry, i meant, my filter version of your worksheet did not pick it up, because i assumed doji and nr4 would include id's.
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alf44
2,025 posts
msg #69589
- Ignore alf44
modified |
12/5/2008 12:30:39 PM
Ahhh...I see !
Nope !
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An "Inside Day"...can DEFINITELY be...a "doji"...an "NR4"...and even an "NR7" !
But, a "doji" and an "NR4" or "NR7"... DEFINITELY does NOT have to be a "Inside Day" !
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Regards,
alf44
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alf44
2,025 posts
msg #69590
- Ignore alf44 |
12/5/2008 12:37:02 PM
Chet...
...now decipher the importance of the "tight" column in TRO's "dummy spot filter" . tia
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chetron
2,817 posts
msg #69600
- Ignore chetron |
12/5/2008 4:23:01 PM
i don't know, alf, what is the importance of the number of consecutive inside days?????????????
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alf44
2,025 posts
msg #69602
- Ignore alf44
modified |
12/5/2008 5:31:31 PM
chet...
...don't think it's (ie. the tight column) showing consecutive Inside Days ! (if I understood you correctly)
As a matter of fact...consecutive Inside days are fairly rare (at least on the Daily Charts).
I'm not sure what TRO is trying to display here...perhaps he can offer some clarification.
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I actually DO have a measure in my "Range Contraction/Expansion" scan...that looks for "Sharks".
A "Shark" ...as I call them ...is 2 consecutive Inside Days. (it's a variation of a Jeff Cooper pattern)
I like to watch for "Sharks"...but, they don't...ah hem..."surface"...frequently. They obviously are an indication of "contraction"...and when they DO pop up...they can be explosive ! fwiw
Regards,
alf44
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chetron
2,817 posts
msg #69603
- Ignore chetron |
12/5/2008 6:01:03 PM
tight is a narrowing range day
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alf44
2,025 posts
msg #69604
- Ignore alf44
modified |
12/5/2008 6:20:16 PM
huh ?
Can you elaborate further ?
Say that I see symbol XYZ...and a "4"...in the "tight" column...what is that suppposed to be tellin' me ?
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BTW, Rumpled...feel free to jump in here if you like !
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*** EDIT --> The "tight" # indicates how many consecutive days "Range" has been narrowing (ie. contracting) from the day before...with the MOST RECENT DAY...being an "Inside Day" !
Hmmm...kind of a neat thing to know...nice work TRO !
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TheRumpledOne
6,411 posts
msg #69629
- Ignore TheRumpledOne |
12/6/2008 7:59:42 PM
Forget about this one.
Been busy with NEVER LOSE AGAIN, FADING THE GAP and RUN FOREST, RUN.
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alf44
2,025 posts
msg #69634
- Ignore alf44
modified |
12/6/2008 10:51:24 PM
"Forget about this one " ???
---------------------------------
Rumpled...I've been preaching "Range Contraction" for 5 years here at SF...and finally...you make
an "overt" contribution to this approach...and after having done so you say...
..."forget about it" !!!???!!!
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You disappoint me, my man !!!
Believe it or not...THIS just may be one of your more insightful contributions...YET !
Ironic that it's called "Dummy Spot"...and the most prolific SF contributor...EVER...is too "dumb" to see the significance !!!
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But I kid ! (sorta)
You know I love ya...you know I hold you in the highest regard...you know you're the Edison...the Steve Jobs...the Riggs...of StockFetcher !!!
Seriously...this is good stuff...delve deeper into this "Range Contraction" stuff !!!
Though I joke around...your "outside the box" insight...is never lost on me...I lap it up with a spoon !!!
Regards,
alf44
PS. NOW GET BUSY !!!
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