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txtrapper
548 posts
msg #30398
Ignore txtrapper
12/29/2003 8:02:48 AM

GADZ should read EMA(26)

tx


txtrapper
548 posts
msg #30399
Ignore txtrapper
12/29/2003 8:14:49 AM

HG KILLER FILTER W/One day offset!

Fetcher[set{ae5, atr(5) / ema(5) } and average volume(10) is above 50000 and close below 2 and ae5 above 0.14 and rsi(2) below 10 and weekly rsi(2) below 33 AND DATE OFFSET IS 1]



tx


txtrapper
548 posts
msg #30402
Ignore txtrapper
12/29/2003 10:05:14 PM

Tuesday 12/30/2003

I bought GADZ @$1.36 today, will sell 1/2 @ $1.62. Buying CPST & GIGM on green.

GADZ $1.47 ...look at prophet 1y/d chart

CPST $1.48...testing a 3/mo low

GIGM $1.50...looking good

tx




txtrapper
548 posts
msg #30403
Ignore txtrapper
12/29/2003 11:24:01 PM

These stocks are what I call "Springs" they may open and shoot up or drop (compress) at the open. I personally have had great success with this method. Not uncommon to get a $.20 to $.30 cent gain before 9 AM. But don't chase them if they open high say over $.08 let them go.

One play is similiar to the "Muddy Method" if the stock opens "green", say up $.03 to $.08 cents get in.

My favorite play and the "biggest money maker" is plug them all in your browser,
watch the ones that drop $.10 to $.25 at the open, that's when you can use RSI(2)on a prophet.net 20day/30min chart, or 2day/5min chart. Sometime I wait and watch and some spring back up very fast. If you wait a few minutes you can see the bottom I get in then, they may sit there a while and then "bang" go up fast. The worst part is waiting on the one you really like and then bang it shoots up without you, well that's trading 101.

TTG $4.78
WHX $2.58
NEGI $2.61
PRFT $2.15
AULT $2.30
AMSF $2.26
CURN $3.20
ACPW $2.71

tx






travlr
80 posts
msg #30404
Ignore travlr
12/29/2003 11:35:28 PM

tx,

How are you fitering for your "springs".

I've been trading a similar fasion. Basically just looking at strong stocks on a negative news days.


travlr
80 posts
msg #30405
Ignore travlr
12/29/2003 11:37:35 PM

Ah... that's filtering...

thanks
travlr


txtrapper
548 posts
msg #30406
Ignore txtrapper
12/30/2003 1:45:31 AM

These stocks are not from a filter, I find them by looking for biggest loser/gainer stocks the previous day. Stocks between $2.00 and $5.00 work best. On News stocks I just wait three or four days and take at look at them again.

Then I check IBD Relative Price Strength (RS Rating) anything above 80,then the Industry Group Strength B- or better, then Accumulation/Distribution (Acc/Dis Rating) above C or better, then I put them in prophet.net 1yr/w and look for stocks at or near lower L/R channel, Stochastics 5,2 fast (oversold) MACD crossovers. I also use the BOP (Balance of Power) indicator on Prophet.net. I start with 50 stocks and end up with 5 or 6, usually the first and third ones are the real rockets. They are the result of 3 or 4 hours of work daily.

Just keep trying different methods and keep track of what worked good for you, and then look for similiar stocks, Actually you could make money just using one stock and learning about it, check 4 years back and see what months it advanced, look for a pattern. Actually I use only two filters, the Muddy Method and HG's Killer Filter for other stock picks. Another good method is to check Muddy Method stocks with a three day offset, check the ones that went down more, or stayed the same, they may be getting ready to move up. Or take rolling stocks and draw two lines thru them. Top line is 15% from the high, and bottom line is 15% from the low for a year. Then buy when the stock move up accross your 15% line, and sell when it hits the top 15% line, that was taught to me by an old trader, he said he made a lot of money doing just that with two or three stocks.

tx




travlr
80 posts
msg #30407
Ignore travlr
12/30/2003 3:18:19 AM

tx,

Thanks… I am relatively beginning and wonder what you might suggest to me as being the most assured system to trade actively. I’ve spent a lot of time reading the posts here as well as other studies.

Point being … I really need to produce consecutively and cautiously. I know this is a cliché, but I’ve studied quite hard to initiate my trading positively right from the start. I have a lot respect for ew zuber and can find value in wallman’s approach as well (of which I’ve just been re-examining).

My preference is to lean towards more of a mechanical approach (w/ research of course). That’s not to say I would not disreguard an EW Z approach of following intra-day trend lines (etc.) if that’s ultimately suggested.

FWIW… I’ve been working with Wealth Lab Developer for back testing and automation. I enjoy the pursuit of programming and (eventually) intend to automate and screen my trades.

The bottom line is… At this point I need to show gains. Even if only mild ones!

Thanks
Travlr



travlr
80 posts
msg #30408
Ignore travlr
12/30/2003 3:43:41 AM

BTW,

HG’s Killer Filter looks quite appetizing. The one thing I immediately look for on SF filters are positive gains on broad market down days. This one does exceptionally well, it seems.

I’m not yet in tune with SF’s advanced programming. Would you translate his filter for me?

travlr



txtrapper
548 posts
msg #30411
Ignore txtrapper
12/30/2003 9:35:14 AM

I did not write the HG filter, it was posted on SF a while back, seems if you buy the first two or three picks they usually go up in two or three days, not big gains on low priced stocks perhaps a penny or two, you really need to buy maybe 1000 to 3500 and sit on them a few days, don't get greedy, if they go up a few cents sell them and make $40 to $50 and be happy with that. Take small gains. Of course a $.12 stock could double and you double your money. One thing that I have learned, take a long term (1 year) look at any stock before you buy it, buy Stan Weinstein's book, Secrets for Profiting in Bull and Bear Markets, I bought mine used online for $4.95, and listen to him about the four phases of stocks, Phase 1 basing, Phase 2 advancing, Phase 3 the top area, and Phase 4 the declining phase, when you look a a one or two year chart, you will look at the stock and determine what phase it is in, then do T/A and pick the winners.

With the Muddy Method, if you break down the Filter, you can see that you are buying stocks between a certain price range, have been down three days in a row, the long tail shows it has resilence and bounced back, and stocks with sufficient volume to trade, it is a tried and true method, go to their site and read all the posts, plugging in their stocks in your trading platform and waiting for green works well. Check them out they are all good people that will help, don't ask silly questions, they will help if you seem like you have first tried to find the answer yourself.


http://groups.yahoo.com/group/StockFetcher/


Got to go now and make some money, markets opening, later


tx




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