StockFetcher Forums · Filter Exchange · need very sensitive indicators for analyzing pennys<< >>Post Follow-up
woofys
212 posts
msg #101972
Ignore woofys
8/3/2011 2:49:32 PM

Right now I'm using things like: rvi(14,10), cci(5), macd(4,10,6) etc. I want to get more of a insight into dealing
with those very tiny (------ -- ----) price bars, and catch them before they gop up. Thanks for your help.

jrbikes
624 posts
msg #102254
Ignore jrbikes
8/14/2011 7:52:16 AM

price and volume coupled with 4 indicators are all you need for pennies, try this!

Look for a recent 52 week low, (this could be 3 or 4 months) then RSI(14) is above 50, MACD (12,26,9) is diverging, the close is above the SMA (9,18,27) and the chart has formed a ascending triangle, or wedge, example is VLCO, look for the next pull back after this recent high, it is a high wave candle, it meets all the criteria, here are some stocks for your research, they all exhibit the same pattern,

VLCO
LBAS
PCFG
BLOBQ
JVA
LEXG

this works in all price ranges, and pay special attention to the RSI(14) above 80 and the amount that the price is above the MA(9), it is all a matter being patient!

jrbikes
624 posts
msg #102255
Ignore jrbikes
modified
8/14/2011 7:53:58 AM

Fetcher[ Close is greater than the open and the price is above the MA(9) and the MA(9) is above the MA(18) and the MA(18) is above the MA(27) and the RSI(14) is above 50 and the and the close is between .01 and 5 ]



PCFG has just traded above a 6 month high, I believe it may pull back and then break, the breaks over prior resistance are important, it is the way to trade pennies, but if you want to get in early, then you want ascending indicators, and a ascending trend line.

hope that helps!

woofys
212 posts
msg #102355
Ignore woofys
8/18/2011 8:39:53 PM

jrbikes: Thanks for the info, its very appreciated.

StockFetcher Forums · Filter Exchange · need very sensitive indicators for analyzing pennys<< >>Post Follow-up

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