TheRumpledOne
6,411 posts
msg #88149
- Ignore TheRumpledOne
modified |
2/11/2010 6:22:27 PM
http://www.traderinterviews.com/content/120SecondsWithTom.php
Tom: That's one of the things I've also been working on in the past 12 months. I could certainly setup real-time scans to find all the stocks that are achieving two-day highs or lows accompanied by strong volume, but I've found a better way. I keep very small positions open in about 300 of my favorite trading stocks - $200-$300. Of course, that may mean a single share or just a few shares depending on the price. Then I simply sort my P&L by gains and this allows me to see which stocks have achieved gains or losses over a two day period. I then pull up charts for those gainers and losers and see which meet my criteria. I then simply add to my long or short position in those stocks. This allows me to enter a position with very small risk. I also am very disciplined, on the long side, about only adding to those positions that are in the top five when I sort for percentage gains. If a stock is not in that top five, I won't add to the position. It's my way of sticking to my personal rule of only buying stocks that are making higher highs and selling stocks that are making lower lows - even if only on a two-day basis.
Tom: I follow the two-day highs because I'm in it for a very short-term. If you're trading short-term then your signals need to be short-term. But also I've found that two days is when the institutional buyers seem to catch on and they also buy in so I'm riding that wave that the big money creates in those stocks as well. When I see stocks make new two-day highs and when the volume is at least 30% above the average, that's a good sign that bigger buyers are coming in.
Tom: Occasionally I'll also take a look at the ADX and if it is climbing toward or just over 40 that's also a good indication. A false breakout can occur when you have a new two-day high but the ADX isn't over 40 so I do watch that out of the corner of my eye when I'm making a decision. It works especially well on longer-term swing trades. I found that 35-day breakout in stocks like Continental or United or some other airline or with health care stocks that have doubled over the last 35 days tends to continue their breakouts when combined with an ADX signal line over 40 - at least for a few days. I like to use a 35-day, 30-minute candle chart for those.
*** WORK IN PROGRESS ***
Why did I post this filter?
1) Because I can.
2) Need to keep my SF coding skills sharp
3) and it's been a while.
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miketranz
961 posts
msg #88178
- Ignore miketranz |
2/12/2010 9:22:01 AM
Avery,could you post a clickable link the interview you did a while ago? Thank,Mike....
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TheRumpledOne
6,411 posts
msg #88185
- Ignore TheRumpledOne |
2/12/2010 10:10:27 AM
You have to join the site to hear that interview now. They made it a members only site. But...
I did an interview with Tim last week and he said it will be available to all. It shoud be ready in a couple of weeks.
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stratiG
147 posts
msg #88192
- Ignore stratiG |
2/12/2010 11:29:56 AM
Thanks, TRO. Let us know when the interview is released.
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TheRumpledOne
6,411 posts
msg #88202
- Ignore TheRumpledOne |
2/12/2010 12:36:15 PM
That would be tooting my own horn....LOL!!
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klynn55
747 posts
msg #88227
- Ignore klynn55 |
2/12/2010 4:35:44 PM
you mean blowing! horn that is!
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miketranz
961 posts
msg #88230
- Ignore miketranz |
2/12/2010 5:06:57 PM
Avery,you're the man,thanks.......
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TheRumpledOne
6,411 posts
msg #90005
- Ignore TheRumpledOne |
3/20/2010 11:33:38 AM
Here is a link to my latest interview:
http://www.traderinterviews.com/free/2010-02-25_Trading-Like-a-Lab-Rat-Avery-Horton-TROFree.php
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TheRumpledOne
6,411 posts
msg #90006
- Ignore TheRumpledOne |
3/20/2010 11:45:19 AM
*** WORK IN PROGRESS ***
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TheRumpledOne
6,411 posts
msg #90021
- Ignore TheRumpledOne |
3/20/2010 4:35:39 PM
*** WORK IN PROGRESS ***
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