einok
msg #95530
- Ignore einok |
8/9/2010 12:33:06 PM
Since Stockfetcher has only daily data, how do you all find candidates for day trading (minute or hourly timeframe?)
Thanks
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johnpaulca
12,036 posts
msg #95533
- Ignore johnpaulca |
8/9/2010 1:01:18 PM
SF is used to mine for candidates. You will then use an intraday charting like TOS for your entries using your favorite time frame.
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klynn55
747 posts
msg #95544
- Ignore klynn55 |
8/9/2010 9:18:12 PM
use daily criteria to watch for intraday moves, 52 week highs, support and resistance, rsi2 over 95 and under 5, 26 week high and lows, stocks that have gained over 30% and are under market cap 500 million(short) etc, supernovas, see tim sykes,
news , stocks close to 50 ma, etc
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Eman93
4,750 posts
msg #95546
- Ignore Eman93 |
8/9/2010 9:32:22 PM
see the run forest run thread
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TheRumpledOne
6,407 posts
msg #95626
- Ignore TheRumpledOne |
8/13/2010 4:10:41 PM
See the NEVER LOSE AGAIN and FADING THE GAP STATISTICS threads.
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Kevin_in_GA
4,599 posts
msg #95627
- Ignore Kevin_in_GA |
8/13/2010 4:25:17 PM
I don't.
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alf44
2,025 posts
msg #95630
- Ignore alf44
modified |
8/13/2010 5:24:03 PM
How Do You Find Day Trading Candidates ?
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A stock is a good "day trading candidate" ... if it has 2 things :
1.) VOLATILITY - trades a large daily range !
2.) LIQUIDITY - trades a large number of shares daily to allow easy entry/exit !
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With those things in mind I created / use this scan to find stocks that make nice trading vehicles.
The parameters can be tweeked if you like (although be careful ... you'll screw it up) !
The jist is to find stocks that trade OVER 1M shares on average ...
... and that have Average Daily Trading Ranges that are GREATER than $1.00 ...
... and that have Average Daily Trading Ranges that are GREATER than 4% of their stock price ... BANG FOR THE BUCK !!!
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These are the Movers and the Shakers !!!
Higher the BANG ... Greater the Volatility !
And ... for a "Trader" ... it's all about Volatility and BANG !!! imo
Regards,
alf44
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scott111552
173 posts
msg #95643
- Ignore scott111552 |
8/14/2010 9:35:24 AM
Thanks Alf, for this filter....I've always been a huge fan of ATR in my trading and this should work well with my style...
thanks again....
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alf44
2,025 posts
msg #95694
- Ignore alf44 |
8/17/2010 12:34:22 AM
GLTY !
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