StockFetcher Forums · Filter Exchange · Any Tom DeMark Indicator devotees want to trade filters?<< 1 2 3 4 >>Post Follow-up
mktmole
325 posts
msg #87341
Ignore mktmole
1/28/2010 4:35:38 PM

Edmond, if I may pass comment pls.
Mike..." Let me get this straight.You're buying when you see volume dry up? "
an example, using the daily bar chart of PVTB 09 sept 09 to today.
Oct26 and 27 09. this is panic selling oh high volume. Oct28 the activity here is 2 fold. Panic selling as shown by the excessive ultra-high volume but the mmaker is absorbing all this selling , narrow range bar, close above dp50. This senario now shows strength. The stock then goes through a period of stagnation ie accumulation. Now look at Nov 12 09, Dec 18th 09, Jan 7 '10, there was no follow through 'confirmation' on these up moves as this market was not ready to go up yet. So when will it. The tale begins to unfold on Jan 07 and 08 with range expansion up moves. Indication is given on Jan 12 and 22 with the mmaker testing for any remaining supply/ more selling that will knock the mkt dwn again and there is none as shown by the next 2 bars being up. Jan 11 and 15th are confirmed buy days with low risk entry. There is no supply left in this stock. Lows are now rising up on 'average', not excessive, volume with up closes. The mmaker has withindrawn from the mkt as they now want/waiting for the stock to move up. 1st target is +50% to resistance at 15.06 of Oct26 where 'effort' (volume) to punch through followd by confirmation of trend continuation will again be needed. excessive volume on up moves, will result in the wheels coming off the cart... and I believe tim sykes calls them skyscrapers.

rgds
mm

miketranz
716 posts
msg #87342
Ignore miketranz
modified
1/28/2010 4:59:50 PM

Looks to me like Jan 7 is the entry date.How many times does a set up like this turn into a run away move? 50% 75% 85%? So what you're basically doing is stalking low consolidation dry ups that are starting to break out.Is that what the DeMark filter is all about?Or is there any other filters that catch this kind of move? I just noticed EK & HBAN volume dry up consolidation before they started a move up.Would these be considered candidates?Maybe you guys are on to something.Mike.......

EdmondDantes
20 posts
msg #87344
Ignore EdmondDantes
1/28/2010 6:00:55 PM



There is a consolidation of price and volume but not much . They move like a ghost ship in the night . A stock that goes up while only increasing in volume lightly . This is where the Demark indicator is helpful . My winning % is 100 . Its not really about winning % its complicated because at some point when price does rise over a few days or week is it more profitable to sell or stay in the trade . Trusting the trade is not easy and deeply psychological something I am working on . I can say 100% but selling into small profits does not really count . I am really bad at buying and selling because of the amount of traffic a stock can get in the early hours this is why trading with the Demark indicator my timing becomes better getting into and out of a stock is no longer frustrating . Everything I knew was wrong or backwards until I made so many mistakes I was forced to learn . My trade goal is to enter my trades at the beginning of a trend and to ride each trend until its end or until the Demark turns down . The only pattern that I have noticed is that volume moves slowly there is no big buying spree. Buying is done in limits at certain prices over and over in slow increments . When there is a huge splash in volume than its only a day trade . I feel like an idiot saying I have been correct on 100 % of my trades but its true, I just need to learn to trust the trend more to extract more profit .

EdmondDantes
20 posts
msg #87346
Ignore EdmondDantes
1/28/2010 6:31:29 PM


I use many different Filters I have found here on Stockfetcher here is one Written BY TRO called ":Come back Kid " its a fantastic filter. Noticed I have placed the Demark Indicator on the bottom and I only start to buy when I see the Demark indicator turning up on light volume . Thanks Tro :) .

/* TRO COMEBACK KIDS */

set{hi52, high 52 week high}
set{lo52, low 52 week low}

hi52 below 10.00
hi52 above .80

lo52 above 0.10
average volume(90) above 300000

set{xRange, high - low}
set{AvgRng, cma(xRange,5) }
set{HiOp, high - open}
set{Long_Profit, HiOp/open }

set{B10A, count(Long_Profit > .05 , 100)}

set{A10A, count(Long_Profit > .05, 1)}
set{chg, sum( A10A - A10A 1 day ago ,5)}

and add column B10A {GT05%}
and add column AvgRng
and add column hi52
and add column lo52
and add column separator

add column chg{(wk)}
add column chg 1 week ago{(-1wk)}
add column chg 2 weeks ago{(-2wk)}
add column chg 3 weeks ago{(-3wk)}
add column chg 4 weeks ago{(-4wk)}
add column chg 5 weeks ago{(-5wk)}
add column chg 6 weeks ago{(-6wk)}
add column chg 7 weeks ago{(-7wk)}
add column chg 8 weeks ago{(-8wk)}
and add column separator
add column industry
add column sector
and add column separator

sort column 5 descending

and draw Upper Donchian Band(14,4)
and draw Lower Donchian Band(14,4)
and draw Center Donchian Band(14,4)

and draw DeMarker(14)

and draw EMA(9)

and draw MACD Histogram(8,17,9)


and close is above 2.00
and close is below 8.00
















miketranz
716 posts
msg #87348
Ignore miketranz
1/28/2010 6:36:32 PM

What stocks are you watching now?

mktmole
325 posts
msg #87350
Ignore mktmole
1/28/2010 6:41:39 PM

hi mike..
I wasn't passing along specific info re DeMark indicators, rather bar analysis and Edmond's insightful comments.
And its' not about looking for home run moves. Look 1st at the past/left to see what has happened
Look at 03 to 12 Nov09, but good only for a few ruples ... compare to similar Jan 15 to 25 '10....

Re Jan 7th.... would be an 'unconfirmed' entry date... will mkt go up or down next is a guess here IMHO.
next day Jan 8th is a positive sign as the mkt moves up for a 2nd bar on up relative volume, so here you could place a limit long order.
Jan 11h is another positive sign and confirmation of the up move now going to happen. FWIW, this would be my entry.
Jan 12 is just a mmaker trap designed to shake you out.

See Edmond's recent prior post about volume. Average relative volume is key, things are humming be it up or down.. Excessive volume should make you stop what you are doing because the market is yelling at you to pay attention now :)

Perhaps Edmond could elaborate further on his Demark charts/settings/usage.

rgds!

mm

chetron
2,817 posts
msg #87351
Ignore chetron
1/28/2010 6:43:26 PM

CLICKABLE....


Fetcher[

/* TRO COMEBACK KIDS */

set{hi52, high 52 week high}
set{lo52, low 52 week low}

hi52 below 10.00
hi52 above .80

lo52 above 0.10
average volume(90) above 300000

set{xRange, high - low}
set{AvgRng, cma(xRange,5) }
set{HiOp, high - open}
set{Long_Profit, HiOp/open }

set{B10A, count(Long_Profit > .05 , 100)}

set{A10A, count(Long_Profit > .05, 1)}
set{chg, sum( A10A - A10A 1 day ago ,5)}

and add column B10A {GT05%}
and add column AvgRng
and add column hi52
and add column lo52
and add column separator

add column chg{(wk)}
add column chg 1 week ago{(-1wk)}
add column chg 2 weeks ago{(-2wk)}
add column chg 3 weeks ago{(-3wk)}
add column chg 4 weeks ago{(-4wk)}
add column chg 5 weeks ago{(-5wk)}
add column chg 6 weeks ago{(-6wk)}
add column chg 7 weeks ago{(-7wk)}
add column chg 8 weeks ago{(-8wk)}
and add column separator
add column industry
add column sector
and add column separator

sort column 5 descending

and draw Upper Donchian Band(14,4)
and draw Lower Donchian Band(14,4)
and draw Center Donchian Band(14,4)

and draw DeMarker(14)

and draw EMA(9)

and draw MACD Histogram(8,17,9)


and close is above 2.00
and close is below 8.00
]



chetron
2,817 posts
msg #87354
Ignore chetron
1/28/2010 6:56:47 PM

MAYBE....

Fetcher[
/* TACHIKAWA */
SET{VAR1,DeMarker(14) 1 DAY AGO}
SET{VAR2,DeMarker(14) 2 DAY AGO}

SET{VAR3,COUNT(VAR1 BELOW DeMarker(14),1)}
SET{VAR4,COUNT(VAR1 BELOW VAR2,1)}
SET{VAR5,COUNT(LOW BELOW Lower Donchian Band(14,4),1)}

SET{VAR6,VAR3 * VAR4}
SET{VBUY,VAR6 * VAR5}

SET{VAR13,COUNT(VAR1 ABOVE DeMarker(14),1)}
SET{VAR14,COUNT(VAR1 ABOVE VAR2,1)}
SET{VAR15,COUNT(HIGH ABOVE UPPER Donchian Band(14,4),1)}

SET{VAR16,VAR13 * VAR14}
SET{VSHORT,VAR16 * VAR15}

SET{VPLAYS,VSHORT + VBUY}

ADD COLUMN VBUY
ADD COLUMN VSHORT

DRAW VSHORT ON PLOT VBUY


draw Upper Donchian Band(14,4)
draw Lower Donchian Band(14,4)
draw Center Donchian Band(14,4)

draw DeMarker(14)

draw EMA(9)

draw MACD Histogram(8,17,9)


close is above 2.00
close is below 8.00
VPLAYS ABOVE .5
DO NOT DRAW VPLAYS



]



miketranz
716 posts
msg #87387
Ignore miketranz
1/29/2010 10:04:00 AM

Question for the experts,looking at the PBW & DBC charts,the DeMark indicator is at a bottom.Where would you enter a long side trade & why?Where would you place your stops?The exit I could handle myself.Thanks,Mike....

chetron
2,817 posts
msg #87892
Ignore chetron
modified
2/6/2010 10:59:07 AM

demarker sequential entries.....

i used the medium risk entry


Fetcher[

/* demarker sequential long */
/* var4previously at 9, the var3 goes to 13, finishing with var1 tick up to buy */

set{var1,count(close is above close four days ago, 9)}
set{var2a,low 5 day high 2 day ago}
set{var2,count(high 2 day low above var2a,1)}
set{var3,var2 * var1}

set{var4a,low 2 day ago}
set{var4,count(close below var4a,30)}

draw var4 line at 13
draw var2 on plot var1
draw var3 line at 9

var1 crossed above .5
var4 crossed above 12.5 within last 13 day

close above .1
volume above 100000
]




and .....


Fetcher[

/* demarker sequential short */
/* var4previously at 9, the var3 goes to 13, finishing with var1 tick up to short */

set{var1,count(close is below close four days ago, 9)}
set{var2a,high 5 day low 2 day ago}
set{var2,count(low 2 day high below var2a,1)}
set{var3,var2 * var1}

set{var4a,high 2 day ago}
set{var4,count(close above var4a,30)}

draw var4 line at 13
draw var2 on plot var1
draw var3 line at 9

var1 crossed above .5
var4 crossed above 12.5 within last 13 day

close above .1
volume above 100000

]




and mix it all up.....

Fetcher[

/* demarker adultrated with chetronisms */

/* demarker sequential short */

set{var1,count(close is below close four days ago, 9)}
set{var2a,high 5 day low 2 day ago}
set{var2,count(low 2 day high below var2a,1)}
set{var3,var2 * var1}

set{var4a,high 2 day ago}
set{var4,count(close above var4a,30)}
set{var5,count(var1 crossed above .5,1)}
set{vshort,var5 * var4}

/* demarker sequential long */

set{var11,count(close is above close four days ago, 9)}
set{var12a,low 5 day high 2 day ago}
set{var12,count(high 2 day low above var12a,1)}
set{var13,var12 * var11}

set{var14a,low 2 day ago}
set{var14,count(close below var14a,30)}
set{var15,count(var11 crossed above .5,1)}
set{vbuy,var15 * var14}

set{vplays,vbuy + vshort}

add column vbuy
add column vshort

draw vshort line at 12.5
draw vbuy line at 12.5

vplays above 12.5
do not draw vplays
close above .1
volume above 100000


]



StockFetcher Forums · Filter Exchange · Any Tom DeMark Indicator devotees want to trade filters?<< 1 2 3 4 >>Post Follow-up

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