StockFetcher Forums · Filter Exchange · /* HORIZONTAL LINE DISPLAY */<< 1 2 >>Post Follow-up
TheRumpledOne
6,359 posts
msg #56350
Ignore TheRumpledOne
11/2/2007 7:54:05 PM

Fetcher[
/* HORIZONTAL LINE DISPLAY */

apply to symlist(aapl,drys,rimm,crox)

set{open1, open 1 day ago}
set{close1, close 1 day ago}
set{high1, high 1 day ago}
set{low1, low 1 day ago}


add column separator
add column open1
add column close1
add column high1
add column low1
add column separator

and draw open1 on plot price
and draw close1 on plot price
and draw high1 on plot price
and draw low1 on plot price

chart-time is 5 days
]







TheRumpledOne
6,359 posts
msg #56351
Ignore TheRumpledOne
modified
11/2/2007 7:58:23 PM

Fetcher[
/* HORIZONTAL LINE DISPLAY */

MARKET IS NASDAQ 100

set{dollarup, ceil(close) }
set{dollardn, floor(close)}
set{dollarmid, dollardn + .50}

set{profithi, high - dollarup }
set{profitlo, dollardn - low }

add column separator
add column profithi
add column profitlo

add column separator
add column dollarup
add column dollarmid
add column dollardn
add column separator

and draw dollarup on plot price
and draw dollarmid on plot price
and draw dollardn on plot price

chart-time is 5 days
]



Just trade the crossovers.

SImple!


Note, if profithi or profitlo are negative then the price did not cross!!


klynn55
425 posts
msg #56353
Ignore klynn55
11/2/2007 8:30:35 PM

TRO: could you explain further? does the open price need to be below and cross and the closing price end above all four. to long , that is , and to short, open higher and close below all four?? Is that it? Again , us non experts need to know. thanks

TheRumpledOne
6,359 posts
msg #56401
Ignore TheRumpledOne
modified
11/3/2007 2:47:09 PM

"does the open price need to be below and cross and the closing price end above all four. to long , that is , and to short, open higher and close below all four?? Is that it? "

The answer is NO!

This is simple and I mean simple.

Look at a chart with the previous open, previous close, previous high and previous low lines on it. Four HORIZONTAL LINES.

Let's say the price opens BELOW the previous close and ABOVE the previous low.

If the price is going UP and it reaches the previous close you go LONG.

If the price is going DOWN and it reaches the previous low you go SHORT.

Now, after you enter the trade it is either going your way or you are losing money.

If you are making money, when do you exit? If you have 1000 shares and you are up a dime, that's $100 gross profit. Do you take the $100? What if it only took one minute to make $100 do you take it? What if it took an hour, do you take it?

If you are losing money, when do you exit? If you have 1000 shares and you are down a dime, that's $100 gross loss. Do you take the $100 loss? What if it only took one minute to lose $100 do you exit? What if it took an hour, do you exit?

What happens with this method is that you are letting price come to you. Those lines WILL NOT MOVE.

Moving averages are just that, MOVING TARGETS.

What's easier to "hit", a moving target or a stationary target?

Draw those lines on a 1 minute or 5 minute chart and see how many times a day the price crossed those lines AND you would have had the opportunity to take profit. That's all you want is the OPPORTUNITY to be profitable. Then, and only then, you can take profit because the market is not going to give it to you.


Fetcher[
/* HORIZONTAL LINE PROFIT DISPLAY */

set{open1, open 1 day ago}
set{close1, close 1 day ago}
set{high1, high 1 day ago}
set{low1, low 1 day ago}

set{hc, high - close1}
set{tradec1, count( open below close1 , 1 ) * count( high above close1, 1) }
Set{lgclose1, hc * tradec1}

set{hh, high - high1}
set{tradeh1, count( open below high1 , 1 ) * count( high above high1, 1) }
Set{lghigh1, hh * tradeh1}

set{ho, high - open1}
set{tradeo1, count( open below open1 , 1 ) * count( high above open1, 1) }
Set{lgopen1, ho * tradeo1}

set{hl, high - low1}
set{tradel1, count( open below low1 , 1 ) * count( high above low1, 1) }
Set{lglow1, hl * tradel1 }

add column separator

add column lghigh1
add column lgclose1
add column lgopen1
add column lglow1

add column separator
add column open1
add column close1
add column high1
add column low1
add column separator

and draw open1 on plot price
and draw close1 on plot price
and draw high1 on plot price
and draw low1 on plot price

market is nasdaq 100

chart-time is 5 days

Sort column 7 descending
]



Column lgclose1 is the potential profit going long at the previous close.

Column lghigh1 is the potential profit going long at the previous high.

Column lglow1 is the potential profit going long at the previous low.

Column lgclose1 is the potential profit going long at the previous close.

I JUST SHOWED YOU THE MONEY!!



TheRumpledOne
6,359 posts
msg #56404
Ignore TheRumpledOne
modified
11/3/2007 3:36:14 PM

Fetcher[
/* HORIZONTAL LINE PROFIT DISPLAY - SHORT */

set{open1, open 1 day ago}
set{close1, close 1 day ago}
set{high1, high 1 day ago}
set{low1, low 1 day ago}

set{cl, close1 - low }
set{shtradec1, count( open above close1 , 1 ) * count( low below close1, 1) }
Set{shclose1, cl * shtradec1}

set{hl, high1 - low }
set{shtradeh1, count( open above high1 , 1 ) * count( low below high1, 1) }
Set{shhigh1, hl * shtradeh1}

set{ol, open1 - low }
set{shtradeo1, count( open above open1 , 1 ) * count( low below open1, 1) }
Set{shopen1, ol * shtradeo1}

set{ll, low1 - low }
set{shtradel1, count( open above low1 , 1 ) * count( low below low1, 1) }
Set{shlow1, ll * shtradel1 }

add column separator

add column shhigh1
add column shclose1
add column shopen1
add column shlow1

add column separator
add column open1
add column close1
add column high1
add column low1
add column separator

and draw open1 on plot price
and draw close1 on plot price
and draw high1 on plot price
and draw low1 on plot price

market is nasdaq 100

chart-time is 5 days

Sort column 7 descending
]



Column shclose1 is the potential profit going short at the previous close.

Column shhigh1 is the potential profit going short at the previous high.

Column shlow1 is the potential profit going short at the previous low.

Column shclose1 is the potential profit going short at the previous close.

I JUST SHOWED YOU THE MONEY, AGAIN!!


TheRumpledOne
6,359 posts
msg #56406
Ignore TheRumpledOne
11/3/2007 3:47:02 PM

What these last two filter displays should show and convince you is that IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT.

By waiting for the price to come to you, you are not chasing the price.

For the record, using the Buy Zone aka MILKING THE COWS, is much more profitable because you are getting in at/near the open price, at/near the open and taking advantage of the ranging nature of certain stocks.





TheRumpledOne
6,359 posts
msg #56408
Ignore TheRumpledOne
modified
11/3/2007 4:04:52 PM

Fetcher[
/* HORIZONTAL LINE PROFIT DISPLAY - WEEKLY */

set{open1, open 1 WEEK ago}
set{close1, close 1 WEEK ago}
set{high1, high 1 WEEK ago}
set{low1, low 1 WEEK ago}

set{hc, high - close1}
set{tradec1, count( open below close1 , 1 ) * count( high above close1, 1) }
Set{lgclose1, hc * tradec1}

set{hh, high - high1}
set{tradeh1, count( open below high1 , 1 ) * count( high above high1, 1) }
Set{lghigh1, hh * tradeh1}

set{ho, high - open1}
set{tradeo1, count( open below open1 , 1 ) * count( high above open1, 1) }
Set{lgopen1, ho * tradeo1}

set{hl, high - low1}
set{tradel1, count( open below low1 , 1 ) * count( high above low1, 1) }
Set{lglow1, hl * tradel1 }

add column separator

add column lghigh1
add column lgclose1
add column lgopen1
add column lglow1

add column separator
add column open1
add column close1
add column high1
add column low1
add column separator

and draw open1 on plot price
and draw close1 on plot price
and draw high1 on plot price
and draw low1 on plot price

market is nasdaq 100

chart-time is 5 days

Sort column 7 descending
]



Using 1 week ago, instead of 1 day ago. You can still make money.

ARE YOU CONVINCED?




SFMc01
296 posts
msg #56415
Ignore SFMc01
11/4/2007 7:10:27 PM

TRO: You write, "Let's say the price opens BELOW the previous close and ABOVE the previous low." and you then give some suggestions/rules for what to do next. Thank you. They are excellent.

I would very much appreciate it if you might share any suggestions/rules/guidelines when, "Let's say the price opens ABOVE the previous close."?

Thank you ... Steve

TheRumpledOne
6,359 posts
msg #56420
Ignore TheRumpledOne
11/5/2007 12:10:19 AM

"I would very much appreciate it if you might share any suggestions/rules/guidelines when, "Let's say the price opens ABOVE the previous close."? "

I don't know what kind of stocks you trade nor if you are a swing trader or a scalper.

But "fading the gap" is what I would look to do when trading my "cows'.

Then again, I just use my "buy zone". Simple, yet profitable.





chetron
2,817 posts
msg #56507
Ignore chetron
11/7/2007 6:53:39 AM

another look at lines.

Fetcher[

DRAW OPEN 1 DAY AGO LINE AT OPEN 1 DAY AGO
DRAW CLOSE 1 DAY AGO LINE AT CLOSE 1 DAY AGO
DRAW HIGH 1 DAY AGO LINE AT HIGH 1 DAY AGO
DRAW LOW 1 DAY AGO LINE AT LOW 1 DAY AGO

close > 2

CHART-TIME 5 DAY

]



StockFetcher Forums · Filter Exchange · /* HORIZONTAL LINE DISPLAY */<< 1 2 >>Post Follow-up

*** Disclaimer *** StockFetcher.com does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. StockFetcher.com does not recommend particular securities. StockFetcher.com, Vestyl Software, L.L.C. and involved content providers shall not be liable for any errors or delays in the content, or for any actions taken based on the content.


Copyright 2016 - Vestyl Software L.L.C.Terms of Service | License | Questions or comments? Contact Us
EOD Data sources: DDFPlus & CSI Data Quotes delayed during active market hours. Delay times are at least 15 mins for NASDAQ, 20 mins for NYSE and Amex. Delayed intraday data provided by DDFPlus