StockFetcher Forums · Filter Exchange · Riggs, which filter of yours are you currently using?<< 1 2 >>Post Follow-up
dh555z
5 posts
msg #44186
Ignore dh555z
5/25/2006 11:13:45 PM

Or are you working on a new one? Thanks.
I hope this is a bottom in the market and going up from here. I'm down a bit in my portfolio and looking to recover some of that.

Regards,
dh




WALLSTREETGENIUS
983 posts
msg #44259
Ignore WALLSTREETGENIUS
modified
5/26/2006 9:18:34 PM

dh555z -

Take a hard look at the S&P 500. Not only has the the market bottomed(as predicted)....but a new trend as well. Have you seen my "HISTOGRAM MAGIC" thread? If not....you better read it before you get left behind!

Anyway...tell me what you had in mind. What kind of trader are you? Tell me a little about what you've done stock wise, and what happened to that portfolio of your's?

Peace.


- RIGGS -



markcrisp
187 posts
msg #44268
Ignore markcrisp
5/27/2006 1:03:46 PM

you honestly believe we have started a new bull trend? Based on what?


WALLSTREETGENIUS
983 posts
msg #44270
Ignore WALLSTREETGENIUS
5/27/2006 1:29:02 PM

Hey crisp....

Did I say "Bull trend?" No! You did. If you READ my post.... you'll see that I said "new trend." And I was talking to dh555z specifically! If you READ my "HISTOGRAM MAGIC" thread, like I KNOW you have.....then you'll know what I'm talking about. Otherwise....if you need my help, start your OWN thread and I'll see what I can do.....but don't hold your breath too long there Markie!


- WALLSTREETGENIUS -


dh555z
5 posts
msg #44271
Ignore dh555z
5/27/2006 1:42:19 PM

Riggs thanks for taking the time, I really do appreciate it.

I swing trade and hold stocks for one to two days. I have a regular day job so the only time I could trade is within the first 1.5 hours of market open. Since the recent correction of the market I've lost about 20% of my portfolio. I'm out of all my positions and just waiting for a good opportunity to get in again.

I need some on guidance on when to enter a position. What indicators do you use on the 1-min and 15-min charts to enter a stock? And if you had list of say 10 stocks, how would you go about selecting which stock to pay attention to? If you have any other advice for me I'm all ears man.


Regards,
dh



WALLSTREETGENIUS
983 posts
msg #44273
Ignore WALLSTREETGENIUS
5/27/2006 1:59:49 PM

"Since the recent correction of the market I've lost about 20% of my portfolio. I'm out of all my positions and just waiting for a good opportunity to get in again."
__________________

DH -

Give me a list of stocks that you lost $money$ on. Tell me entry/exit dates and prices, so we can get your decision making back on track. Then we can get you some filters that fit your trading style. What do ya say?????

- RIGGS -


dh555z
5 posts
msg #44322
Ignore dh555z
5/28/2006 1:37:44 AM

"Give me a list of stocks that you lost $money$ on. Tell me entry/exit dates and prices, so we can get your decision making back on track. Then we can get you some filters that fit your trading style. What do ya say?????"

Riggs,

XTHN-was in at 11.15 on 5/16 and out 5/18 at around low 9's. I've bought and sold this stock a few times in the past and made some good gains but it really took a dump on me the last time around.

USU-I bought this at 14.21 on 5/10 and out 5/12 at 13.50.

I Should've put stop loss orders since I can't trade during the day for the most part. My experience with stop loss in the past is that I get shaken off by market makers and then the stock shoots up afterwards. Very fustrating.

Anyhow, thanks for your patience on newbies like me. I'm trying to learn as much as possible with the little time I have since I have work and school.

-dh


WALLSTREETGENIUS
983 posts
msg #44327
Ignore WALLSTREETGENIUS
modified
5/28/2006 7:08:45 PM

Riggs,

XTHN-was in at 11.15 on 5/16 and out 5/18 at around low 9's. I've bought and sold this stock a few times in the past and made some good gains but it really took a dump on me the last time around.

USU-I bought this at 14.21 on 5/10 and out 5/12 at 13.50.

I Should've put stop loss orders since I can't trade during the day for the most part. My experience with stop loss in the past is that I get shaken off by market makers and then the stock shoots up afterwards. Very fustrating.

Anyhow, thanks for your patience on newbies like me. I'm trying to learn as much as possible with the little time I have since I have work and school.

-dh
__________________


dh -

Glad to see someone buying one of my favorite stocks(XTHN). Listen...this is a great place to learn new stuff, just don't get involved with all the childish B.S. okay? Leave that to myself, and these 5 or 6 jealous idiots.

Now let's get you back on tract! pull up a 3-month chart. And load up these indicators....

DMA(28,-14)
Time Series Forcast(20) or LRI(20)
Bollinger Bands(20,2)
MACD HISTOGRAM W/2-Lines(12,26,9)
Slow Stochastics(5,3)
CCI(7)
RSI(7)
Williams %R(7)


The first thing I want to say is....nice job on choosing a stock where the MACD lines are above the "0" line! And you chose a stock where price really moves! The only problem was....you bought when all the other indicators you should be using, were FALLING from overbought territory. And there was no reversal signal in the Candlestick formation of XTHN telling you to buy. Also, if you look at the S&P500 that day,(5/10/06)you would see that it was starting to fall. That might be the most important thing I can tell you....Trade WITH the market, and NEVER against it!

When you bought XTHN, DMA(28,-14)was below price. Take a look....when DMA is below, you want to look for "shorting" opportunities. When DMA is above price, you want to look for opportunities to go "Long." In XTHN'case on 5/10/06, this was a "shorting" set-up!

Next, notice your CCI, RSI, and Williams %R are all falling? And do you see the indicator lines are all above the mid-way point of their respective screens? That with DMA, should have told you that XTHN wasn't done falling. Also, Look at Slow Stochastics...notice how it tailed off before making it to it's upper reference line-80? That is a VERY BEARISH signal! When STO can't make it up, you've got problems. Next, look at your Time Series Forecast(20)or LRI(20). You want this to be traveling up, or cutting through price with DMA again well above price!

dh....you want to buy when CCI, RSI, and Williams reach their lower reference points, and MACD HISTOGRAM is below zero....while the MACD Fast/Slow lines are ABOVE zero. But this MUST take place when the NASDAQ & S&P 500 are BOTH positive that day. This is how institutional traders on Wallstreet buy stocks. They wait for this Ideal dip once or twice a year, and rake in the dough! Then they tell their customers how incredibly brilliant they are for doing it! LOL....

Now let's take a look at a buying opportunity from one of my filters that seems to be in your price range. This is what I meant when I said in my earlier post "Then we can get you some filters that fit your trading style."

*** ACCUMULATION WARM POP-80 ***

Fetcher[MACD Fast Line(12,26)is above 0
Set{MACDDiff, MACD fast line(12,26) - MACD slow line(12,26) }
set{MACDb,days(MACDDiff is above MACDDiff 1 day ago,100)}
set{MACDa,days(MACDDiff is below MACDDiff 1 day ago,100)}
set{MACDX, MACDa - MACDb}
60-day slope of close is above 0
Do not draw 60-day slope of close
Draw Linear Regression Indicator(20)
Average volume(90)is above 200000
Add column average volume(90)
Add column MACDX
sort column 10 ascending
close is between 10 and 15
offset 5/24/06


/* RIGGS ACCUMULATION WARM POP-80 */

/* NORMALIZE accumulation distribution */

set{adval, INDPOSITION(accumulation distribution, 60) * 100 }

/* NORMALIZE RSI(7) */

set{rsval, INDPOSITION(RSI(7), 60) * 100}

/* NORMALIZE CCI(7) */

set{ccval, INDPOSITION(CCI(7), 60) * 100 }

/* NORMALIZE williams %R(7) */

set{wrval, INDPOSITION(williams %R(7), 60) * 100 }

and draw wrval
and draw adval on plot wrval
and draw rsval on plot wrval
and draw ccval on plot wrval

add column adval
add column ccval
add column rsval
add column wrval

ccval has been increasing 1-day
rsval has been increasing 1-day
wrval has been increasing 1-day

adval has been above 75 the last 1 month
wrval is below 50
adval is above 80
]




Now...you'll notice I chose a 2-day offset(5/24). If you look at the S&P500, you can see it formed a "Tweezers" bottom with the much talked about "Bullish Inverted Hammer" on 5/23/06, followed by a Thrusting "Doji Star." on 5/24/06, with above average volume(2.2 Bil.shares). So what did the filter spit out? ACTG!

So let's take it from the top! What's first?.....DMA(28,-14). Notice it's well above ACTG's price, and it's NOT pointing down, but moving horizontal? That's a very good signal that price will be moving up soon.

Next you can see that the MACD Fast/Slow lines are above "0". And the MACD Histogram is BELOW "0", but it ticked "UP" on the 24th! And what was the daily Candle? You guessed it....an "Inverted Hammer" with INCREASED volume!

Now look at your Oscillators....CCI, RSI, and Williams %R are all rising! Williams %R(7), is even showing divergence from 5/23! Notice your TSF(20)is approaching price? That's another good sign that higher prices are on the horizon. Now look at your Slow Stochastics(5,3)....the Fast line is above the Slow line at this point on 5/24.

So what do we have here?....we have a stock that "moves in price," DMA is well above price and moving horizontal and NOT down, TSF(20)is approaching price, the MACD lines(F/S) are above zero, the MACD-H is BELOW zero and ticking up, and all four(4) Oscillators....CCI, RSI, Williams %R, and Slow Stochastics are all rising with increased volume!

dh....when the S&P500 the next day(5/25)was in positive territory after the first hour....this was your entry pal! Why?....because ACTG released some very positive news before the market opened on 5/24. Here it is....

********************************************************************************

Press Release Source: Acacia Research Corporation

Acacia Technologies Licenses Interstitial Internet Advertising Technology to aQuantive, Inc.
Wednesday May 24, 6:00 am ET


NEWPORT BEACH, Calif.--(BUSINESS WIRE)--May 24, 2006--Acacia Research Corporation (Nasdaq:ACTG - News; Nasdaq:CBMX - News) announced today that InternetAd Systems, LLC, a wholly owned subsidiary that is part of the Acacia Technologies group, a leader in technology licensing, has entered into a license agreement with aQuantive, Inc., covering a patent that applies to interstitial Internet advertising.

********************************************************************************

Listen....I'm late for a Tennis match this morning....so I don't have time to go into the workings of the four(4)Oscillators, but just research all of them and you'll be fine! If you look for stocks that fit this type of buying criteria....you'll never find your "portfolio" in the red ever again! I know it's easy to look back and say "this will happen, or that will happen," But I'm sure all of this will help until you find your own trading techniques, but until you do....try this, and happy trading young man.....


- WALLSTREETGENIUS -













WALLSTREETGENIUS
983 posts
msg #44343
Ignore WALLSTREETGENIUS
modified
5/28/2006 10:37:51 PM

dh555z -

Hey man....just got back from getting my azz kicked in Tennis...and realized while playing....that I never talked about your other stock "USU." This is a good stock to talk about because it involves negative divergence. Pull up your chart with the indicators and Oscillators I spoke of earlier....

Again you bought on a day(5/10/06)that the market wasn't doing well and heading down. Do you see where DMA is? Remember when I said "when DMA is horizontal, it's a good sign?" Well, the same hold true for shorting! This was a shorters dream set-up! Also...remember I talked about Time Series Forecast(20)"cutting through price?" When TSF(20)touches price from above, it means the uptrend is done! When it touches price from below, a rally is due. But it's much more meaningful at the top of charts.

Now look at MACD Histogram on 5/10/06. Notice it's been ticking DOWN the last two(2)days? That's VERY BEARISH after a peak level! Now on 5/8/06, the dark candle touched Bollinger Bands(20). When that happens....price will usually retrace to the other end of the spectrum. In this case...all the way down to $11.50. Many traders will overlook this aspect of BB. Your first clue that prices were gonna slide, were when price was completely out of the band on 5/4/06. Listen to this good.....

WHEN PRICE TOUCHES UPPER BOLLINGER BAND, WITHOUT PROTRUDING OR POKING THROUGH WITH A REVERSAL SIGNAL...."GET YOUR SHORTS ON!"

Your reversal signal came on 5/5/06, when it formed a "Tweezers Top." That was your cue to sell "short," NOT buy long! This little lesson on Bollinger Bands alone, will make you a fortune when the market is moving!

Now I spoke earlier in this post about "negative divergence." I want you to look at your Oscillators CCI, RSI, WILL %R, and Slow Stochastics. Do you see where their lines are positoned? Now look at the previous peak in price on 5/4/06. If you drew a trendline on all of your Oscillators, they would be pointing DOWN right? That's "negative divergence." 2-HIGHS = "$0" So prior to 5/10/06, your Oscillators were trying to warn you of one thing....LOWER PRICING in days to come!

CCI(7)will ALWAYS tell your fortune when prices are on the rise. It doesn't always do that at the bottom of charts, but at the top....there isn't a better Oscillator on the planet! Always remember that!

Now let's talk about POSITIVE DIVERGENCE okay? A couple of stocks that comes to mind that are in the beginning stages of taking off is....AVM, AND N. The set-up I'm about to show you is by far the BEST "positive divergence" set-up you will EVER see!

Pull up a chart on "AVM." Notice the lower bars on the MACD Histogram? Look at the deep levels from 4/12 to 4/28? In that span, you see two different lows right? The first real one came on 4/12, and the second on 4/28. But notice the bars on MACD-H are retracing higher and NOT lower, even though prices are lower? That's POSITIVE DIVERGENCE brother! That's why it rose from $26 to $30 in less than a week!

Now we see a THIRD low that just came on 5/24. Now look at the lower bars from 4/12 to 5/24. Do you see that? We now have three(3)lower lows, but three(3)higher MACD-H bottoms. That's called "TRIPLE BULLISH DIVERGENCE!" There is not a better technical set up in all of technical analysis! But you ask what's my entry? Well...you wait till you see positive divergence in your Oscillators. Take a look at RSI(7), and Williams %R(7). See the first low on 5/18? Then the second low on 5/24? Lower lows in price, but higher lows with RSI, and Williams. So 5/25/06 was your entry, and look what's happening.....

Now pull up a chart on "N". Do you see the near matching lows on 5/22 and 5/25? That's another "Tweezers Bottom." But look at CCI(7), RSI(7), and Will %R(7). When you see all three(3)showing positive...get ready for a blast of energy! Notice the MACD-H turned up within 5 ticks? VERY BULLISH! Notice the MACD F/S lines ABOVE the zero line? Notice Slow Stochastics(5,3)turning up? Notice the DMA on 5/24 well above price and pointing up? VERY BULLISH!

Well pal...there you go.....you got some of my best, and hopefully these two posts will help get you back on your feet. Listen...concentrate on SCHOOL, and when you have time, dive into this in your spare time....but ONLY then okay? Good luck to you, and good trading....


"POSITIVE DIVERGENCE" filter using RSI(2). But can be altered to CCI(7), RSI(7), etc....


Fetcher[RSI(2)is decreasing 1-day
RSI(2)is below 50
close is below close 2 days ago
RSI(2)is above RSI(2)2 days ago
MACD Fast Line(12,26)is above 0
Set{MACDDiff, MACD fast line(12,26) - MACD slow line(12,26) }
set{MACDb,days(MACDDiff is above MACDDiff 1 day ago,100)}
set{MACDa,days(MACDDiff is below MACDDiff 1 day ago,100)}
set{MACDX, MACDa - MACDb}
60-day slope of close is above 0
Do not draw 60-day slope of close
Draw Linear Regression Indicator(20)
Average volume(90)is above 200000
Add column average volume(90)
Add column MACDX
sort column 10 ascending
close is above 10
offset 0

/* RIGGS ACCUMULATION WARM POP-80 */

/* NORMALIZE accumulation distribution */

set{adval, INDPOSITION(accumulation distribution, 60) * 100 }

/* NORMALIZE RSI(7) */

set{rsval, INDPOSITION(RSI(7), 60) * 100}

/* NORMALIZE CCI(7) */

set{ccval, INDPOSITION(CCI(7), 60) * 100 }

/* NORMALIZE williams %R(7) */

set{wrval, INDPOSITION(williams %R(7), 60) * 100 }

and draw wrval
and draw adval on plot wrval
and draw rsval on plot wrval
and draw ccval on plot wrval

add column adval
add column ccval
add column rsval
add column wrval
]





This filter will help you spot the DMA "ABOVE!" Take a look at this with just a 2-day "offset." Pure magic!!!!


Fetcher[Show stocks where 2 day slope of DMA(28,-14)is above 0
DMA(28,-14)is more than 3% above close
MACD Fast Line(12,26)is above 0
Set{MACDDiff, MACD fast line(12,26) - MACD slow line(12,26) }
set{MACDb,days(MACDDiff is above MACDDiff 1 day ago,100)}
set{MACDa,days(MACDDiff is below MACDDiff 1 day ago,100)}
set{MACDX, MACDa - MACDb}
60-day slope of close is above 0
Do not draw 60-day slope of close
Draw Linear Regression Indicator(20)
Average volume(90)is above 200000
Add column DMA(28,-14)
Add column MACDX
sort column 2 descending
close is above 10
offset 5/24/06

/* RIGGS ACCUMULATION WARM POP-80 */

/* NORMALIZE accumulation distribution */

set{adval, INDPOSITION(accumulation distribution, 60) * 100 }

/* NORMALIZE RSI(7) */

set{rsval, INDPOSITION(RSI(7), 60) * 100}

/* NORMALIZE CCI(7) */

set{ccval, INDPOSITION(CCI(7), 60) * 100 }

/* NORMALIZE williams %R(7) */

set{wrval, INDPOSITION(williams %R(7), 60) * 100 }

and draw wrval
and draw adval on plot wrval
and draw rsval on plot wrval
and draw ccval on plot wrval

add column adval
add column ccval
add column rsval
add column wrval
]









- WALLSTREETGENIUS -










dh555z
5 posts
msg #44372
Ignore dh555z
5/29/2006 1:06:03 PM

Nice write up! I'll have some questions for you in the coming trading days. Thanks again.


StockFetcher Forums · Filter Exchange · Riggs, which filter of yours are you currently using?<< 1 2 >>Post Follow-up

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