TheRumpledOne
6,407 posts
msg #102612
- Ignore TheRumpledOne
modified |
9/16/2011 11:51:50 AM
This is funny, check out what the well respected trader, Sam Seiden, had to say this week:
http://www.tradingacademy.com/lessons/20110907/featured_article.htm
"You see, this is where most people stumble. They don't go down the simple logic path we just went through. Instead, they buy a trading book that teaches them conventional Technical Analysis which is a very flawed school of thought. Or, they dive into the world of conventional Fundamental Analysis which has you buying when the news is good (at a high price) and selling when the news is bad (at a low price) which is a disaster for you, but a gift for those on the other side of your trades and investments."
Where have I heard that before?
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ramtrader
6 posts
msg #102626
- Ignore ramtrader
modified |
9/19/2011 9:02:28 PM
Thx TRO for sharing the MTC filter.
I have started to use the buy zone strategy using the MTC filter had good few days.
The stop for the buy zone gets tricky depending on the high priced stock used. Few times I got stopped because of the volatility. 20 cents stop on a $20 stock is not the same as 20 cents stop on a $400 stock (especially the ones that don't have tight bid / ask spread). Need to play with a better stop strategy based on the price of the stock. If anyone has thoughts on stop placement would be welcome.
Thx,
Sam
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TheRumpledOne
6,407 posts
msg #102632
- Ignore TheRumpledOne |
9/20/2011 1:41:08 AM
ramtrader, you only need to find ONE cow to milk.
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ramtrader
6 posts
msg #102633
- Ignore ramtrader |
9/20/2011 9:03:45 AM
Thanks TRO for the response.
I understand your point. Even in the case of AAPL, because of the price of the stock and the volatility involved, there is a good chance to hits the target but the zone stop being small (20 cents), it becomes tricky that stop is hit because of the same volatility before it hits the target and hence the question regarding the size of the stop.
Thx.
Sam
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TheRumpledOne
6,407 posts
msg #102635
- Ignore TheRumpledOne |
9/20/2011 12:01:34 PM
You have to be quick to take profit when you can so price doesn't reverse on you.
Don't trade wide spread stocks this way.
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vinci
13 posts
msg #102806
- Ignore vinci |
10/3/2011 1:03:49 AM
Does anybody here have the TRO Trade Zone ( buy Zone ) for Ninja Trader 7 ?
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TheRumpledOne
6,407 posts
msg #102845
- Ignore TheRumpledOne |
10/6/2011 12:36:38 PM
82 Tips For Successful Trading
http://tradingconceptsinc.com/trading-articles/82-statements-successful-trading-investing/
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aziam
24 posts
msg #102846
- Ignore aziam |
10/6/2011 2:11:53 PM
82 Tips For Successful Trading
http://tradingconceptsinc.com/trading-articles/82-statements-successful-trading-investing/
I didn't read them all but number 82 probably covers it all ... with number 1 a close second.
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stratiG
147 posts
msg #102847
- Ignore stratiG |
10/6/2011 4:00:30 PM
Only 82 tips, I'm sure he could of come up with another 18 and made it an even 100.
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TheRumpledOne
6,407 posts
msg #103725
- Ignore TheRumpledOne
modified |
12/12/2011 8:50:07 AM
HOLO = Highest Open, Lowest Open.
The TRO HOLO - SHORT CANDIDATES FILTER displays stocks that have closed above the highest open price over the last 34 and 89 days. Why 34 and 89? No reason in particular but they are Fib numbers. I may write version for the last 13, 26 and 52 weeks. The periods aren't really important.
We say price is up for the day when the price is ABOVE THE OPEN.
We say price is down for the day when the price is BELOW THE OPEN.
It stands to reason if price is above the highest open over the last X periods, then price is up.
It also stands to reason if price is below the lowest open over the last X periods, then price is down.
Therefore, entering a trade at the highest or lowest open price gives one the best opportunity to make money based on price direction.
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