StockFetcher Forums · General Discussion · Day Trading 101: Tips, Tricks, and Techniques<< 1 2 3 4 5 >>Post Follow-up
WALLSTREETGENIUS
983 posts
msg #62705
Ignore WALLSTREETGENIUS
modified
5/16/2008 1:31:11 PM

Yes Max. I do use Bollinger for the channel, but you might want to use median bollinger line(13) here at SF. I just built this filter for some of you to get a head start on your HOURLY charts. Tell me what you think....


Fetcher[IFT(5,9) crossed above -0.5 1-day ago
2-day slope of ema(13) is above 0
ema(60) is above ema(30)
close is above open

Average volume(30) is above 100000
volume is above 100000
sort column 15 asscending
close is above 2
offset 0

set{newPlot, cema(close,3)} on plot price
and draw cema(close,5) on plot price
and draw cema(close,7) on plot price
and draw cema(close,10)on plot price
and draw cema(close,12)on plot price
and draw cema(close,15)on plot price

and draw cema(close,30) on plot price
and draw cema(close,35) on plot price
and draw cema(close,40) on plot price
and draw cema(close,45) on plot price
and draw cema(close,50) on plot price
and draw cema(close,60) on plot price

Set{MA50,CMA(RSI(2),50)}
set{SD,cstddev(RSI(2),50)}
set{SD50,1.4 * SD}
set{BOLU,MA50 + SD50}
set{BOLD,MA50 - SD50}

draw BOLU on plot RSI(2)
draw BOLD on plot RSI(2)

set{v, volume 1 day ago}
set{volinc, volume - v}
set{volpc, volinc / v}
set{volpct, volpc * 100}

set{VolZ, days(volume < 1,100)}
set{VolUp, days(volume is below volume 1 day ago,100)}
set{VolDn, days(volume is above volume 1 day ago,100)}
set{VolCnt, VolUp - VolDn}

set{vck1, volume 1 day ago }
set{vck, volume / vck1 }
set{vdbl, days(vck < 2, 100)}

Draw Williams %R(20) line at -50
Draw IFT(5,9) line at -0.5
Draw CCI(100)
Draw MA(200)


ADD COLUMN SEPARATOR
and add column volpct
and add column Vdbl
ADD COLUMN SEPARATOR
add column sector
add column industry
ADD COLUMN SEPARATOR
add column PE
add column ROE
ADD COLUMN SEPARATOR
add column CCI(100)
add column Williams %R(20)
add column RSI(2)
ADD COLUMN SEPARATOR
]







petrolpeter
439 posts
msg #62712
Ignore petrolpeter
5/16/2008 4:46:50 PM

Put a sqeeze on that BB(13) Riggs
Fetcher[4 day slope of upper bollinger band(13) is below 0 and 4 day slope of lower bollinger band(13) is above 0 and 3 day slope of close is above -.05 and close is between 10 and 15 and draw median bollinger band(13) and volume(10) is above 800000 and offset 5/09/2008]

look at SOLF OH MY some day I would like to buy John Bollinger a pop.

chetron
2,817 posts
msg #62717
Ignore chetron
modified
5/16/2008 5:56:17 PM

DELETED.

WRONG ANSWER.

nikoschopen
2,824 posts
msg #62719
Ignore nikoschopen
5/16/2008 8:43:44 PM

Indicators and Measures: Bollinger Bands



chetron
2,817 posts
msg #62721
Ignore chetron
modified
5/16/2008 9:06:00 PM

LOL, FINE. THERE IS SUCH A THING, BUT WHEN I DID THE ORIGINAL FILTER AND PULLED UP A CHART, I GOT 4 DAY SLOPE ??? ACROSS THE TOP.

DOES ANYONE HAVE ANYTHING ON THIS ??????

TIA CHETRON

mykl
10 posts
msg #62755
Ignore mykl
modified
5/17/2008 9:36:19 PM

Don't know if this is universally helpful but I trade eminis..most recently the $5 Dow YM. Used to trade the Russell, but the volatility on each candle, especially the longer more reliable time intervals was getting to a point where it was either stopping me out or putting the fear of the almighty in me - even if on directional days I was pretty sure the trade would end up going my way. On multiple contracts at $100/pt it's easy to see your life flashing by.

Anyway this setup works especially on the eminis and is pretty simple. I've traded it on ticks, 2,5,10 and 15 minute time frames. The example below is on a 15 min chart from yesterday (Friday the 16th)

It's amazing how eminis tend to respect floor trader pivot points - probably even more than fibs. More often than blasting through them and continuing on, they tend to stop right at it, or head fake through it and reverse. When price takes a few shots at the PP before finally breaching it, it increases the probability that the direction will continue.

The level of confidence that direction will stop and reverse either immediately or within a few candles increases greatly when a PP level overlaps an upper or lower Bollinger Band... and even more so when the trigger candle's proportionately long wick or tail pokes through the outer BB.

Under those circumstances, I go long or short when the subsequent candle breaks above/below the trigger. My profit objectives depend where I am versus the 21MA. If I'm the correct side of it, I'll tend to ride the 9MA so long as it continues to slope or plateau unless price pierces the opposite BB with a long wick/tailed candle. At $5/pt/contract, gravitating/retracing back towards a directional 9MA before growing legs again isn't as offputting, although for sure it doesn't always work out the way I anticipated LOL.

Friday was a directional, profitable day and thus a good example. Thursday I took only 1 signal on the 15 min chart for about a 60 pt trip. On choppy days I watch Sports Center until I hear the beep that price has penetrated through the S&R ranged coffin I drew, which again, often corresponds with the breach of a PP line.

My GF was in from out of town and I showed her the "magic lines" and how the candles advanced right up to but were more often than not repelled back in the opposite direction. She thought it was pretty kewl and was amazed how often that occurred during the week she watched.

This is an oversimplification and one of several simple setups I use , but it tends to be fairly dependable on trending days....if you can gut out the intracandle volatility before it prints. I know most here trade securities, but hopefully this might prove helpful to someone. I'm forever grateful for all the selfless and sophisticated contributions of many in this forum - especially the usual impressive cast of characters over the several years I've been a SF subscriber. Many thanks.
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WALLSTREETGENIUS
983 posts
msg #62768
Ignore WALLSTREETGENIUS
5/18/2008 4:36:21 PM

chetron
- Ignore chetron
modified 5/16/2008 5:56:17 PM

DELETED.

WRONG ANSWER.
________________________


Tia, I must say....THAT WAS FUNNY! (I saw your 1st answer)

luc1grunt
622 posts
msg #68638
Ignore luc1grunt
10/21/2008 1:40:52 PM

Bump....Intra day systems still working despite longer term market woes.

mdl060374
91 posts
msg #68782
Ignore mdl060374
10/25/2008 4:36:50 PM

NIkoschopen,

I also am learning intraday channels, and trying to use S/R, a along with determining periods of congestion vs trending.

My biggest issue finding the right stocks to trade, or knowing what to look for for alerts to set ups... Seems so often with equities, it moves so fast, its too late once it shows up on my screens....

Any advice out there... (I have just been looking at the SPYrecently , hoping screen time will get me over this hump)

luc1grunt
622 posts
msg #68783
Ignore luc1grunt
10/25/2008 5:51:23 PM

Niko no longer posts to these boards. email me at scorpiondx3 at gmail dot com and i will pass the email address to you.

StockFetcher Forums · General Discussion · Day Trading 101: Tips, Tricks, and Techniques<< 1 2 3 4 5 >>Post Follow-up

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