StockFetcher Forums · General Discussion · ADBL- hammer time<< >>Post Follow-up
five40
23 posts
msg #56334
Ignore five40
modified
11/2/2007 2:58:55 PM

I have been watching and trading a few hammers, especially on pullbacks. Looking for swing range opportunities with timeframe of days to weeks. I look for increased volume on the day the hammer forms with the idea that this shakes out lots of sellers.

ADBL is off the charts. Thinking of entering later today with about .50 cent stop loss. I see support at $12.30.

I'm not sure if there is enough upside though. I think I see a decent uptrend from August until now.

Any feedback for a newbie?

PS- How do you guys get the chart images into a post?

fokane
74 posts
msg #56372
Ignore fokane
11/3/2007 10:31:23 AM

Open SF 2.0 and select 'Chart'.
Enter the ticker and then you can use the options 'Format' etc. to
customize.
Then take a snapshot using the 'Snapshot' menu and 'Save in favourites'.
Then when adding a post, select a saved chart at the bottom. The most
recent will be top in the list.
Select 'Preview Message' to verify its ok.

I was going to add the ADBL chart but you can do that to try out the above. Add the 50MA on the chart because you can see that the it acted as support for the open. I wouldnt be sure about this because of the long range hammer... i try and use close stops and something like that would turn me off the stock, but that's just my preference.
I wonder if you could backtest your hammer strategy, see how it does?

TheRumpledOne
6,358 posts
msg #56374
Ignore TheRumpledOne
modified
11/3/2007 11:05:37 AM

Fetcher[
/* Long Profit Percent Statistics Display */

symlist(adbl)

/* Long Profit Percent Statistics Display */

set{volcnt, count(volume above 1000000, 100) }
set{volzero, count(volume equal 0, 100) }

set{x1, high - open}
set{Long_Profit, x1/open }

set{B1A, count(Long_Profit > .01 , 100)}
set{B2A, count(Long_Profit > .04, 100)}
set{B0010, B1A - B2A}

set{C1A, count(Long_Profit > .04 , 100)}
set{C2A, count(Long_Profit > .09, 100)}
set{C0010, C1A - C2A}

set{D1A, count(Long_Profit > .09 , 100)}
set{D2A, count(Long_Profit > .19, 100)}
set{D1020, D1A - D2A}

set{E1A, count(Long_Profit > .19 , 100)}
set{E2A, count(Long_Profit > .29, 100)}
set{E2030, E1A - E2A}

set{F1A, count(Long_Profit > .29 , 100)}
set{F2A, count(Long_Profit > .39, 100)}
set{F3040, F1A - F2A}

set{G1A, count(Long_Profit > .39 , 100)}
set{G2A, count(Long_Profit > .49, 100)}
set{G4050, G1A - G2A}

set{H1A, count(Long_Profit > .49 , 100)}
set{H2A, count(Long_Profit > .99, 100)}
set{H50100, H1A - H2A}

set{I100, count(Long_Profit > .99 , 100)}

add column Long_Profit {ProfitPct}

and add column B0010 {1_3}
and add column C0010 {4_9}
and add column D1020 {10_19}
and add column E2030 {20_29}
and add column F3040 {30_39}
and add column G4050 {40_49}
and add column H50100 {50_99}
and add column I100 {100}

and add column volcnt
and add column volzero

sort column 8 descending

]



Fetcher[
/* Long Profit Percent Statistics Display */

symlist(adbl)

/* Long Profit Percent Statistics Display */

set{volcnt, count(volume above 1000000, 100) }
set{volzero, count(volume equal 0, 100) }

set{x1, high - open}
set{Long_Profit, x1/open }

set{B1A, count(Long_Profit > .01 , 100)}
set{B2A, count(Long_Profit > .02, 100)}
set{B0010, B1A - B2A}

set{C1A, count(Long_Profit > .02 , 100)}
set{C2A, count(Long_Profit > .03, 100)}
set{C0010, C1A - C2A}

set{D1A, count(Long_Profit > .03 , 100)}
set{D2A, count(Long_Profit > .04, 100)}
set{D1020, D1A - D2A}

set{E1A, count(Long_Profit > .04 , 100)}
set{E2A, count(Long_Profit > .05, 100)}
set{E2030, E1A - E2A}

set{F1A, count(Long_Profit > .05 , 100)}
set{F2A, count(Long_Profit > .10, 100)}
set{F3040, F1A - F2A}

set{G1A, count(Long_Profit > .10 , 100)}
set{G2A, count(Long_Profit > .25, 100)}
set{G4050, G1A - G2A}

set{H1A, count(Long_Profit > .25 , 100)}
set{H2A, count(Long_Profit > .50, 100)}
set{H50100, H1A - H2A}

set{I100, count(Long_Profit > .50 , 100)}

add column Long_Profit {ProfitPct}

and add column B0010 {1_2}
and add column C0010 {2_3}
and add column D1020 {3_4}
and add column E2030 {4_5}
and add column F3040 {5_10}
and add column G4050 {10_25}
and add column H50100 {25_50}
and add column I100 {50___}

and add column volcnt
and add column volzero

sort column 8 descending

]



Looks like you have a 50% or better chance at making 1% or more.

five40
23 posts
msg #56475
Ignore five40
11/6/2007 11:29:13 AM

Well the odds were in my favor I guess. I bought 300 shares @ $12.72. Price is at $14 right now.

When to get out? This is the part I have trouble with.

karennma
6,386 posts
msg #56477
Ignore karennma
11/6/2007 11:37:17 AM

you've got profit?
take it !!
:>)
$$$$$

petrolpeter
439 posts
msg #56481
Ignore petrolpeter
11/6/2007 12:20:43 PM

Right now you have a 10.06% prophet,good trading.The 2 year chart shows a huge reverse head and shoulders but also resistance at the top of it.Six month chart looks like a beginning breakout and if momentum traders see this they may take it and volume will pick up to the upside.If there is no interest that way,holders may be asking themselves the same question as yourself 'should I end it yet?' and the price will fade.Lets see what transpires.

karennma
6,386 posts
msg #56700
Ignore karennma
11/12/2007 2:36:24 PM

five40
five40 11/6/2007 11:29:13 AM
Well the odds were in my favor I guess. I bought 300 shares @ $12.72. Price is at $14 right now.
When to get out? This is the part I have trouble with.

karennma
- message 11/6/2007 11:37:17 AM

you've got profit?
take it !!
:>)
$$$$$

=======================================================

I HOPE you took your profits.
There's nothing worse than sitting in a market like this waiting for a long position to go back up.




StockFetcher Forums · General Discussion · ADBL- hammer time<< >>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