| StockFetcher Forums · Filter Exchange · bollinger bands | << 1 ... 5 6 7 8 9 ... 23 >>Post Follow-up |
| wallman 299 posts msg #26369 - Ignore wallman |
5/2/2003 12:07:24 PM HI DAB,i've gotten alot of help with trading over the years,so i don't mind giving back if i can help...pulling the trigger early is fine once you get the confidence,PCS and DTHK today were perfect examples for me cause i know these stocks from past trades,that's the really neat thing if you stick to this system long enough,you'll build up a list that really react well to bottom bb's,PCS volume increase was a little questionable but since i know it from the past that was no problem for me,also i believe DTHK 2nd candle back was an even day,a stock i would discard normally but since i also know that one well,to me it looked like a good play,you will also get to know the ones to stay away from after awhile,a few just fail time after time,knowing these things puts you at an even greater advantage than most folks,but it will just take time,i would strongly suggest you keep some kind of journal and record what you notice everyday about certain things with different stocks,believe me these stocks will turn up again very often,you could just pull up a random backtest of say matches for 100 days ago or so and you would be suprised at the ones that turn up that are matches recently,good luck with your double bottom system,i've found that with any system dealing with bottom bb's,buying on green is pretty important.....see ya,MUDDY |
| dabonenose 26 posts msg #26370 - Ignore dabonenose |
5/2/2003 4:00:58 PM Well Muddy,,,I use the must open green for double bottoms too,,,LOL. It's amazing how many screens can feed off of a core screen. My double bottom always culminates in several down days too, so I figured why not wait till it turns up green to buy, and it works,,,LOL. The basic for the double bottom was generated originally here by the Fetch crew and I just added my little tweaks, like price, volume, etc. etc. Thinking about it,,,this is a bulletin board(delayed chat room,,,LOL). Dab |
| defghca 150 posts msg #26371 - Ignore defghca |
5/2/2003 4:06:37 PM wallman; thank you for the most interesting filter would adding "close 1% above low" insure the formation of a tail would close "decreasing for more than 2 days" catch 3 days, and 4 days and 5 days also i trade on the TSX and unfortunetly due too low volume and or capitalization i have not been able to tweak your system . any ideas or help is appreciated. |
| wallman 299 posts msg #26372 - Ignore wallman |
5/2/2003 6:10:32 PM HI DEFGHA,thanks and your more than welcome...yes,adding close 1% above low should give you a tail,the reason i don't use it is because i want to see every match the basic filter brings up,because as i stated in an earlier post,if you do this long enough and keep some type of journal or your memory is good(mines not)then you will develop a "core" of stocks which are pretty deadly with the bottom bb bounce over the last couple of years,therefor if one of these matches again i may play it even without a tail,but i don't ever recommend that until you are very familiar with these stocks,and yes 2 days decreasing will catch 3 or more the last time i tried it,i just don't use it cause 2 down days never worked even near as well as three and it just gave me more charts to read,since i discarded 2 days anyway,for myself i didn't see the point,if you trade on the TSX and volume and/or cap is a problem then tweaking is a problem and i wish i could help but i have no idea......also i believe that it was your earlier post that requested i post my system that i used profitably for so many years,i will be glad to do that in a few days,it's just that it takes a lot more work to get the feel of it and i didn't think it would be of much interest,but i sorta thought that about this bb method and from the response i guess i was wrong.....so i'll try to get it out on a post this weekend, stay tuned...SEE YA |
| wallman 299 posts msg #26373 - Ignore wallman |
5/2/2003 7:03:58 PM HEY DAB, i like your term "must open green" MOG for short,i've been interested in bb's for years and the one thing i can tell you after all those years that is ALMOST certain to me,is that if you play ANY kind of either beaten down and/or bottom bb method you better make sure you get a "running start" at the open,otherwise it can keep dropping for days if there is no buying interest out there,it seems to be a large but simple to use advantage to give yourself,many huge gains are started just by a little green at the open,if you watch for a few weeks you'll propably see what i mean......GOOD LUCK |
| wallman 299 posts msg #26374 - Ignore wallman |
5/2/2003 8:25:09 PM HEY EVERYBODY, about 6 weeks ago i started adding the methods pics to a fake portfolio on clearstation.com to see what would happen taking these pics and trading them in the worst case scenerio i.e. NO stops and entering "blind" putting in market orders before the open,having no idea if they would open up or down,having no idea if they would open way above my 2-3% buy limit(many did by the way,giving up over 5% at the start of the trade)just typing in the symbols basically and letting em run,up or down,taking no profits and not replacing them with "fresh" picks,well, i don't check too often so when i checked them tonite i was amazed at how they have done so far(there were a few higher priced ones i threw in so i could fill the 40 max allowed port faster)if your not familiar with that site and you want to see how the picks did,here is how......go to CLEARSTATION.COM on the homepage and over in top left corner click on "recommend",then when you're on the recommend page go over to the top right to the "find a recommend list" box and type in "dabomz"(that's me)...i started it because i wanted to see what would happen if someone newer to the method started trading it and would make a few mistakes as it would be only natural to do so(i still make quite a few).......HAVE FUN,MUDDY |
| defghca 150 posts msg #26375 - Ignore defghca |
5/2/2003 9:26:50 PM wallman i take good note of your comments. i will have to work harder on the TSX on the subject of your previous system, it was just intellectual curiosity and also two are better than one. as by my last post your bb system is fantastic...on us stocks. |
| ddsmith2 10 posts msg #26377 - Ignore ddsmith2 |
5/3/2003 11:39:11 AM Wallman, Appreciate, as I'm sure everyone does, your willingness to share your knowledge and wisdom with us. I have reviewed all the past posts and have a couple of questions. Once your stock has moved up to the 75% RSI level, you stated that you will continue to let it run as long as it opens up (green);however, you also will sell if it turns around on you. Any details on what that would look like, such as price drops below the previous days close, 1% below previous days close, etc. On buying first thing in the AM, you like to see it open green and then buy 15-20 minutes later (around 9:50) if the price isn't over 3% of previous days close. What if the stock opens green but by 9:50 is actually trading below the previous days close. Does this make it a no play or maybe an even better play? Thanks a million |
| ddsmith2 10 posts msg #26378 - Ignore ddsmith2 |
5/3/2003 12:02:26 PM Wallman, Another one if you don't mind. On your post to DAB on 4/30 you said you had also bought KOPN. When I look at that chart, it appears to have a very short shadow on bottom compared to top. If you see this also and played anyway wondering what make the difference to make it a play. Thanks again. |
| ddsmith2 10 posts msg #26379 - Ignore ddsmith2 |
5/3/2003 12:10:47 PM Wallman, As you can probably tell, I am studying this morning. One more. Say you are looking at a few stocks. One is green at the open, you wait and watch till 9:50 to make your trade. By 9:50 two others are also in the green, all below the 3% above previous close level. Do you tend to play the one that opened in the green or look at all three equally as options at that point (how far above previous close, volume, price,etc). and choose the best based upon those? Thanks, |
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