push5280
201 posts
msg #87921
- Ignore push5280 |
2/7/2010 12:33:16 PM
I have been playing around with the WEEKLY IFT(2,3) for a couple of weeks and I think I've figured out the entry points with really good upside moves on almost every stock using this. I would like you all to take a look and maybe help me write the filter for finding these stocks.
1.) run this filter
2.) click IMGG to open the chart
3.) look at the Weekly IFT indicator time frame of 12/18/09 - 1/29/10, see how the line is "flat lined"?
4.) put your cursor over the weekly IFT on 2/1/10, thats the first day that the line moved up away from flat line, the close on 2/1/10 is .52. It then moved to a high of .71 on 2/4/10. thats a potential gain of 36% in two days.
If you look at any stock using the weekly IFT it works on all of them, I entered GS on the same chart 12/17 - 12/24 with a move up on 12/28 the close on 12/28 was 163.76, the next highest high was on 1/7/2010 of 177.67. potential gain 8.5%.
Any thoughts on how to code this to find the days when the IFT moves up from the flat line?
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chetron
2,817 posts
msg #87929
- Ignore chetron
modified |
2/7/2010 2:17:50 PM
maybe.....
corrected lazy math....
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gmg733
788 posts
msg #87953
- Ignore gmg733
modified |
2/8/2010 10:08:55 AM
I use something similar with weekly RSI(2) and MACD(2,3,1) and the flat line stocks are the most explosive. I'll have a look at this as it falls into my current research realm.
Thanks for the info.
BTW, 12/18 on the GS chart was the day you had a MACD(2,3,1) cross on the daily.
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push5280
201 posts
msg #87958
- Ignore push5280 |
2/8/2010 11:33:54 AM
@gmg
I've noticed the same thing with the WEEKLY RSI(2) too. I think I will add those to my watch list . thanks for sharing your thoughts
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gmg733
788 posts
msg #87973
- Ignore gmg733 |
2/8/2010 4:46:01 PM
So this is the downside to do this. If you watch the numbers intra week, you will get a small move up for the RSI(2) and you think, YES enter the trade. But then the next day it falls and the line 'corrects' itself.
I find watching for a dragging RSI(2) while you have an ascending MACD to the 0 line makes for a powerful move when it hits 0. Now, these can manifest themselves in the form of pullbacks, so watch support and resistance closely. If you move into a support area with a low RSI(2) and MACD is approaching 0, you get lift off. You'll see this mostly in pennants, flags and etc. patterns.
Also works well for a swing trade for first pull backs.
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calhawk01
135 posts
msg #87980
- Ignore calhawk01 |
2/8/2010 8:02:37 PM
Push i really like your filter. Can you please give me a email so i can eke some more knowledge from you?
uchaud2@students.towson.edu or you can reach me on msn messenger finumair@hotmail.com
Thanks
Happy trading!
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jrbikes
624 posts
msg #87981
- Ignore jrbikes |
2/8/2010 8:37:33 PM
XCHO IMYN EXTO
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jrbikes
624 posts
msg #87982
- Ignore jrbikes
modified |
2/8/2010 8:43:34 PM
someone add resistance crossing to this!
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chetron
2,817 posts
msg #87991
- Ignore chetron |
2/9/2010 6:45:19 AM
maybe...
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push5280
201 posts
msg #88152
- Ignore push5280 |
2/11/2010 8:25:14 PM
@calhawk
check your email
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