BERTSLLC
2 posts
msg #86897
- Ignore BERTSLLC |
1/24/2010 9:22:45 AM
need a query for pincher / close below .25 / ADX below -37 / PPO below - 30
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trendscanner
265 posts
msg #86904
- Ignore trendscanner |
1/24/2010 12:50:58 PM
I think I know what you mean by a pincher scan but I'm not sure how to write one using your criteria exactly as you posted them. For example, ADX below -37. I don't think ADX is ever negative, but I might be wrong. PPO below - 30 would be useful if the PPO on this site was like the one on Stockcharts but it's somewhat different on SF.
A potential candidate pincher filter might look like this but you'll probably have to tweak the settings to find one that works best:
Maybe HNAB, DRLY, HOMS, BONZ or IVOB are they types of charts you're looking for?
GL
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shovel52
18 posts
msg #86930
- Ignore shovel52 |
1/24/2010 7:46:07 PM
It's probably just me but has any one run the performance tab on this scan? the numbers are outrageously high.
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Kevin_in_GA
4,599 posts
msg #86934
- Ignore Kevin_in_GA |
1/24/2010 8:24:33 PM
Yes. But if you look at stocks over $1 (a limitation on my current trading account) it fails consistently.
I'm not so sure that this is a robust trading system if it is so price dependent - but you can't really knock its performance within the < 0.25 range.
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trendscanner
265 posts
msg #86935
- Ignore trendscanner |
1/24/2010 8:25:12 PM
Going long on pincher plays is a form of bottom fishing that, in my experience, can be risky but sometimes very profitable. A good pincher stock has to be stalked and watched frequently if not continuously. The time to go long is when heavy buying comes in and short covering is happening; that can produce short term, explosive upward volatility. Buying too early results in the stock continuing to decline; you'll either lose a ton or get stopped out repeatedly.
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chetron
2,817 posts
msg #86937
- Ignore chetron |
1/24/2010 8:45:15 PM
PINCHER IS SHORT SQUEEZE PLAYS?
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trendscanner
265 posts
msg #86940
- Ignore trendscanner |
1/24/2010 9:04:25 PM
Pincher play can be a short squeeze but not necessarily. The "pincher" term refers to the PPO and ADX lines "pinching" together when PPO (or sometime MACD) is plotted above ADX, usually in Stockcharts. See the charts for HNAB, DRLY, HOMS, BONZ or IVOB in the filter above as examples. Generally means stock has dropped hard and been trending down for a long time.
The board below is where a lot of pincher players come to pinch.
http://investorshub.advfn.com/boards/board.aspx?board_id=9737
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chetron
2,817 posts
msg #86942
- Ignore chetron |
1/24/2010 9:07:31 PM
THANX
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chetron
2,817 posts
msg #86964
- Ignore chetron
modified |
1/25/2010 7:07:37 AM
how about....
ADULTERATED VERSION
ANOTHER LOOK......
or simply....
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BERTSLLC
2 posts
msg #95000
- Ignore BERTSLLC |
7/22/2010 9:16:37 PM
wow that was a while ago i posted that q here this is more of what i was looking for...
close < 0.25
Percent Price Oscillator(10,50) < -0.3
ADX(14) > 37and
MACD(5,15,10) < -0.01
ADX(7) > 85
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