StockFetcher Forums · General Discussion · OK, I'm befuddled!<< 1 2 >>Post Follow-up
carolynandjoel
30 posts
msg #37492
Ignore carolynandjoel
8/16/2005 8:46:01 PM

I'll admit it, I'm lost. After years of studying the markets and zillions of indicators, I can't say that I saw today's action coming. I know that a few of my regular pundits warned, but they have been warning for weeks maybe months. Just like the boy who cried wolf, I began to ignore them. Now, I am pleased to say that I did not have any new long positions to be stopped out today, but neither was I short so that I could have made some money.

What is missing? What other information should I be looking at for help in "seeing" these days come? I already know that divination is not an exact science, but how many of you were able to trade well today? "Trade well" being defined as "make money."

I have been sitting out for a long time. I liken it unto playing double dutch style of jump rope, one who is not an expert hesitates (rocking back and forth) looking for an entrance. Usually getting tangled in the ropes upon entering!

Any ideas of where I should be putting my energies?


txtrapper
548 posts
msg #37493
Ignore txtrapper
8/16/2005 9:14:15 PM

Here's a start. I use it everyday.

[copy % paste] http://tinyurl.com/8wzow


TxTrapper
________________________________________________________________________


lspielman1952
7 posts
msg #37494
Ignore lspielman1952
8/16/2005 10:44:56 PM

The double dutch jump rope analogy is perfect !!
Been there- done - know it-
Before you jump back into the market - see where the ropes are going.

Getting a sense of current market direction ( and driving forces)
- is probably the #1 daily 10 minute imperative - got to do it -

A) If your schedule allows - view the stock indexes - live -
a few time each day (prophet.net. stockcharts.com - etc.)
- only takes a minute - but you get a better
feel for the actual intra-day market ups and downs -
versus - the homogenized end of day summary - You also get a
better sense of how the market's daily moves are influencing your stocks.

B) Find a market perspective report you like - and follow it -
I found Briefing.com's $9.95 gold service works well for me -
because - it uses a real economic perspective -
not a ra-ra bull- blah blah blah -
ie - right now - their 1 page briefing summary - is hinting at the looming problems of a slowing global economy if the oil pricing continues -
Naturally - also reports company earnings and analyst changes -
Probably other good sources -
I tried the WSJ - but the quick perspective - just wasn't there -

Anyways - those are my discoveries - since I have the same history as you -

LS



reports





brokedown
21 posts
msg #37499
Ignore brokedown
8/17/2005 8:02:51 AM

seeing what days come? so the market was down, so what. there were alot of stocks up. do you want to trade index futures or individual stocks? try this, the energy sector is hot and will probably remain so for some time, so pick a basket of oil stocks (20, in your price range) and track them. use a few indicators you like and watch for patterns. don't make it so difficult!


carolynandjoel
30 posts
msg #37502
Ignore carolynandjoel
8/17/2005 10:06:32 PM

Dear All,
I would appreciate some feedback about timing trades. In the thread about when to trade, Rumpled One (RO) brought up his Index filter. That tells me that RO pays attention to the general market conditions. As of this evening even IBD seemed a bit on the bearish side. What do any of you do with that type of information? Or, do you not use that sort of information but rather have other sources for market condition? For example, would you be setting up your short positions now? Have you already been short because of some information you saw last week? How much do you try to ANTICIPATE what the market will do? Do you think it is not important what the general market does, do you just look at each stock and decide from there?

I looked at RO's Index filter but wasn't sure how to interpret it. RO, can you tell us your thoughts about the current market conditions? Either using your filter or whatever other information you might deem pertinent. I, personally, would appreciate your interpreting your filter, though. Thank you, Carolyn


TheRumpledOne
6,358 posts
msg #37504
Ignore TheRumpledOne
8/17/2005 11:57:39 PM

"45. In the world of money, which is a world shaped by human behavior, nobody has the foggiest notion of what will happen in the future. Mark that word - Nobody! Thus the successful trader does not base moves on what supposedly will happen but reacts instead to what does happen. "

The key is REACT!

Now my indices filter...

Quick course:

Look at the TREND column.. if 111 then the 3 trends are up, if 000 then down. Anything else is a mixed signal.

the Cx5 column... if the close crosses below the ema(5), -1, then the market may head south.

the Cx5 column... if the close crosses above the ema(5), 1, then the market may head north.

the e13xe26 column... if the ema(13) crosses below the ema(26), -1, kiss the market goodbye, we are talking downtrend.

the e13xe26 column... if the ema(13) crosses above the ema(26), 1, the market is coming back, we are talking recovery.

the bbxover, wbbxover, lrxover, wlrxover, any negative numbers, look for a bounce.

the bbxover, wbbxover, lrxover, wlrxover, any positive numbers, look for a pullback.

if rsi(2) less than 1 AND weekly rsi(2) less than 5, get ready to LOAD THE BOAT, a bounce is coming soon especially if a POSITIVE DIVERGENCE occurs after this event.

if rsi(2) OR weekly rsi(2) GREATER than 99, get ready to get your shorts on, a drop is coming soon especially if a NEGATIVE DIVERGENCE occurs after this event.

Worth repeating:

"45. In the world of money, which is a world shaped by human behavior, nobody has the foggiest notion of what will happen in the future. Mark that word - Nobody! Thus the successful trader does not base moves on what supposedly will happen but reacts instead to what does happen. "

MAY ALL YOUR FILLS BE COMPLETE.







shelupinin
120 posts
msg #37506
Ignore shelupinin
8/18/2005 5:18:02 AM

to TheRumpedOne:
Could you be so kind to post you larget filter, I have several your filters but all of them are different, some of them don't have "bbxover lrxover wbbxover lrxover" variables, some of them don't have "parsbuy parssell" variables, some of them don't have "volcnt vdbl volz" variables.... and if you will briefly explain all that variables it will be very nice, all of us will be grateful to you...
thanks in advance
Alex



TheRumpledOne
6,358 posts
msg #37509
Ignore TheRumpledOne
8/18/2005 7:53:26 AM

None of my filters have all the variables/columns.

Due to StockFetcher limitations, I run about 10 - 12 filters nightly and the results are emailed to me.

Just use my STOCK DASHBOARD DISPLAY with the selection criteria:

RSI(2) below 1
CLOSE is between .50 and 10.00
VOLUME is above 300000
TREND above 0

Then wait for green!

If you can't wait for green then use the STOCK DASHBOARD DISPLAY WITH:

set{R2a, days(rsi(2) is below 1,30)}
R2a above 0
close crossed above ema(5)
CLOSE is between .50 and 10.00
volume above 300000
TREND above 0

You should be happy with the results.

Somewhere in my posts the columns are explained.

If you have a specific question, feel free to ask.

Otherwise, I would have to write a book... Hmmmm

MAY ALL YOUR FILLS BE COMPLETE.




oldsmar52
104 posts
msg #37513
Ignore oldsmar52
8/18/2005 12:36:45 PM

Avery, if I run "rsi(2) below 1 and close is between .50 and 10 and volume is above 300000 and TREND above 0", I get 7 matches from end-of-day Wednesday, but it says "possible syntax error". Could you explain what might be wrong?

Thanks, Frank


TheRumpledOne
6,358 posts
msg #37515
Ignore TheRumpledOne
8/18/2005 12:44:03 PM

Did you ADD the code to the STOCK DASHBOARD or just run it standalone?

Because if you didn't add it then there is no set for TREND.




StockFetcher Forums · General Discussion · OK, I'm befuddled!<< 1 2 >>Post Follow-up

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