StockFetcher Forums · Filter Exchange · A "Milking the Cows" Dashboard Filter<< 1 2 3 >>Post Follow-up
TheRumpledOne
6,359 posts
msg #55466
Ignore TheRumpledOne
10/2/2007 9:22:30 AM

"What is the formula you use for the BuyZone ? "

The Buy Zone is a really simple scalping strategy based on statistics.

There are 4 horizontal lines:

Long Top = open + $.20

Long Bottom = open + $.10

Short Top = open - $.10

Short Bottom = open - $.20

When the price enters the Long Zone from below you buy.

When the price enters the Short Zone from above you sell short.

Trading stocks from the MTC SELECTION FILTER with this method that move $.50 over 80% of the time puts the odds in your favor. You "kmow" if they move $.10 in a direction that odds are they will move $.50 or more in the same direction.

The trade usually only last a minute or two. Sometimes, if you catch the move just right, you may be in the trade for 15 minutes and net dolllars per share.

Remember this, the open is the starting price and every big price move must pass through one of the zones. All you have to do is enter the trade while the price is in the zone and you will be in a position to catch the move. It is that simple.

Stops? Think about it... if you are in a Buy Zone trade and the price crosses the open, it's time to pack it in. If you allow it to enter the opposite zone without exiting and perhaps reversing your position, then you are hoping and not trading.

When to take profit? If you are long and priice is making lower lows and/or lower highs, it would appear the run is over and it's time to take profit. You can always exit a part of your position to lock in profit and let the rest ride.

I have posted about the Buy Zone at length on www.kreslik.com








TheRumpledOne
6,359 posts
msg #55467
Ignore TheRumpledOne
modified
10/2/2007 1:48:53 PM

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The HiOp and OpLo columns tell the story.




binhp
69 posts
msg #55594
Ignore binhp
10/9/2007 12:53:20 AM


Thanks for the explanation TRO !

-BP

simplegolpadia
11 posts
msg #56864
Ignore simplegolpadia
modified
11/20/2007 1:09:38 AM

*****

TheRumpledOne
6,359 posts
msg #56869
Ignore TheRumpledOne
11/20/2007 9:37:20 AM

Can you manually trade it profitably?

If NO, then you should NOT be attempting to automate it.



chetron
2,817 posts
msg #66969
Ignore chetron
9/5/2008 8:40:33 AM

pop


no need to read this post. glty




TheRumpledOne
6,359 posts
msg #69092
Ignore TheRumpledOne
11/7/2008 3:42:58 PM

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Someone was asking about trading stocks under $40 shares using "MILK THE COWS".

DRYS is a short cow. Not quite good enough to be a long cow. But you can still make money trading it.

chetron
2,817 posts
msg #70564
Ignore chetron
modified
1/10/2009 7:18:49 PM

A

TheRumpledOne
6,359 posts
msg #70567
Ignore TheRumpledOne
modified
1/10/2009 9:28:43 PM

A

chetron
2,817 posts
msg #70569
Ignore chetron
modified
1/10/2009 9:43:48 PM

B

StockFetcher Forums · Filter Exchange · A "Milking the Cows" Dashboard Filter<< 1 2 3 >>Post Follow-up

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