graftonian
1,089 posts
msg #135451
- Ignore graftonian |
4/15/2017 10:25:54 PM
I was looking over mac the river rats latest post, and it got me to thinking about using ratios to describe price action; but I need some help on one point, I will try to describe that point:
It appears to me that future price action is somehow dependent on how far the user variable "investor_ratio" has risen in the recent past. I would like to quantify this for a possible sort mechanism.
So, if any of you out there can help, "please". And Mac, thanks for the idea.
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graftonian
1,089 posts
msg #135476
- Ignore graftonian
modified |
4/17/2017 5:49:29 PM
The original filter posted in msg #135451 has been modified and is obsolete
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pthomas215
1,251 posts
msg #135478
- Ignore pthomas215 |
4/17/2017 7:22:34 PM
GRAF, great filter. question--visually when you are looking at the ones that pop up, are you looking for the short term and long term averages to be compressed, or spacing in between the averages?
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graftonian
1,089 posts
msg #135481
- Ignore graftonian |
4/17/2017 10:32:20 PM
@PT
Choosing is kind of a subjective thing. Standing back and looking at all the charts tonight (4/17), only one really stands out, that being SCON.
Why?
1. the investor_ group is coming out of a deep low
2. the white_space and trader_ group are making a good run, although I'd like to see the trader_group a little more stable.
3. volume is OK, but nothing to write home about.
4. the 2 day slopes of the 3 groups, excellent; seldom do I see a slope greater than .01.
I have not checked the news, insider trades, etc.
The next choice, and far distant second would be TRCH
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pthomas215
1,251 posts
msg #135484
- Ignore pthomas215 |
4/17/2017 11:19:47 PM
Thank you. SCON really popped today. If it doesnt continue right away, it seems it will do what many do...drop down to the EMA 13 (in this case 1.90) and then back up after consolidation.
That said, I would say you created the best GUPPY filter, Brother !
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pthomas215
1,251 posts
msg #135490
- Ignore pthomas215 |
4/18/2017 1:37:21 PM
GRAF, I took SCON today at 2.10. it ran to 2.20 and I got out because i saw that it resists at 2.20. If it goes to 2.30, I will get back in. i just wanted to share my thinking on it.
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graftonian
1,089 posts
msg #135491
- Ignore graftonian |
4/18/2017 2:26:44 PM
Nice going, PT. I just wasn't happy with SCON, and finally got in at 0905(cdt) $2.24, only to be stopped out at1020 ($2.13).
I tried COUP from my GUPPY REVISITED filter, nothing there, stopped out this AM
And from my X MARKS THE SPOT, I tried ENZ and RMTI. Only RMTI is in play, but the volume is cooling, and the trader group slowly contracting. A little gain, but not enough to make up for the 3 losses and commissions.
On all my trades I am working on the 15 minute chart, with stop-loss at EMA(13). Maybe that is unreasonable, but I hate to lose. COUP recovered and is at a small gain at this time, However, ENZ and SCON continue to fall.
"it ain't what you trade, it's how you trade it"
TRO
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pthomas215
1,251 posts
msg #135493
- Ignore pthomas215
modified |
4/18/2017 4:44:39 PM
I know. I hate stopping out. I did get back in SCON at 2.11, mostly because Barchart has it as a really strong buy, and is not in overbought territory. so less on technicals and more on fundaments. however I do think it is hitting support @2.05 or so.
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graftonian
1,089 posts
msg #135494
- Ignore graftonian
modified |
4/18/2017 6:56:33 PM
Not much to select from tonight, HRTX being the only candidate IMHO. Good Luck.
On another subject, pull up a 1 year chart of SQQQ and SPXU with the guppy lines. Let me know what you think.
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pthomas215
1,251 posts
msg #135496
- Ignore pthomas215 |
4/18/2017 8:14:47 PM
Yeah, good find on those two. From LT and ST averages standpoint, it appears that eventually price action can only go up. the question is how long it will take to start happening. I look on a 2 day 30 minute chart all the time to see movements that will most likely take place in the short term. with SQQQ and SPXU, it appears they are both on the fence. could go either way. But within the week I would expect price to move above the averages. I got in CUK, TXMD and SCON late today because they look good on a 2 day 30 minute chart. I am biased towards catching entry when price is upward moving but still below the MA20 and EMA13. That way, even if I catch half the run up and price doesnt go all the way to the upper BB, I can still get out with decent profit.
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