StockFetcher Forums · General Discussion · Price Action Trading Method<< 1 2 3 4 >>Post Follow-up
Eman93
4,572 posts
msg #66698
Ignore Eman93
8/26/2008 10:24:21 PM

Chet,

This is realy good stuff.. I have been pooring over the charts and have noticed a few good indicators along with the macd cross.

When the VAR 6 chart has two or 3 long flat tops with short flat bottoms "no spikes" near a macd swing up you get a nice pop.

If it is near the bottom BOL 40 and the CV 10 is moving up, you have a full blown brake out.

No way to tell how many fail in this set up....I looked at 50 or so random charts and havent found one yet.

Thanks,
Eman

Eman93
4,572 posts
msg #66702
Ignore Eman93
modified
8/27/2008 1:38:31 AM

Another late night hitting the charts....

It looks to be OK if the VAR 6 has points on the low end, just not on the high end. two or more flat tops I am finding is a stronger setup.

Want the MACD 12,24,9 to be flating out or heading up, not full speed down hill....

What do you think of NAT? the MACD is steep...

A few others to ponder.......

TXT AMB TD CYT

The CV 10 is low on all of these...I dont think they will run much (if any), a day or two max.

TheRumpledOne
6,358 posts
msg #66704
Ignore TheRumpledOne
8/27/2008 2:37:35 AM

What is the reason you are looking at indicators when you should be looking at PRICE?



chetron
2,817 posts
msg #66707
Ignore chetron
modified
8/27/2008 6:40:26 AM

I LIKE NAT.

TRO, WHAT DO YOU MEAN?

MAYBE...
changed the range


Fetcher[

/* AM I RANGING */





/* HH>HL>LH>LL>LH */
/* INTRADAY VERSION */

SET{VAR1,COUNT(HIGH 2 DAY AGO > HIGH 3 DAY AGO,1)}
SET{VAR2,COUNT(LOW 2 DAY AGO > LOW 3 DAY AGO,1)}
SET{VAR3,COUNT(HIGH 1 DAY AGO < HIGH 2 DAY AGO,1)}
SET{VAR4,COUNT(LOW 1 DAY AGO < LOW 2 DAY AGO,1)}
SET{VAR5,COUNT(HIGH < HIGH 1 DAY AGO,1)}

SET{VAR11,VAR1 * VAR2}
SET{VAR12,VAR11 * VAR3}
SET{VAR13,VAR12 * VAR4}
SET{WAIT_FOR_LL,VAR13 * VAR5}


/* LL>LH>HL>HH>HL */

SET{VAR21,COUNT(HIGH 2 DAY AGO < HIGH 3 DAY AGO,1)}
SET{VAR22,COUNT(LOW 2 DAY AGO < LOW 3 DAY AGO,1)}
SET{VAR23,COUNT(HIGH 1 DAY AGO > HIGH 2 DAY AGO,1)}
SET{VAR24,COUNT(LOW 1 DAY AGO > LOW 2 DAY AGO,1)}
SET{VAR25,COUNT(LOW > LOW 1 DAY AGO,1)}

SET{VAR31,VAR21 * VAR22}
SET{VAR32,VAR31 * VAR23}
SET{VAR33,VAR32 * VAR24}
SET{WAIT_FOR_HH,VAR33 * VAR25}

SET{PLAYS,WAIT_FOR_LL + WAIT_FOR_HH}
SET{VAR43,DAYS(CLOSE ABOVE HIGH 34 DAY HIGH 1 DAY AGO,100)}
SET{VAR44,DAYS(CLOSE BELOW LOW 34 DAY LOW 1 DAY AGO,100)}
SET{VRNG, VAR43 * VAR44}

DRAW VAR44 ON PLOT VAR43

ADD COLUMN VRNG
ADD COLUMN WAIT_FOR_LL
ADD COLUMN WAIT_FOR_HH

DRAW WAIT_FOR_LL
DRAW WAIT_FOR_HH


PLAYS > .5
VAR43 > 34
VAR44 > 34
volume above 100000

DO NOT DRAW PLAYS

]



johnpaulca
10,088 posts
msg #66709
Ignore johnpaulca
8/27/2008 9:30:50 AM

Chet,

Tro is right, look at the price action you wouldn't need indicators. Look at WFT, CHK, POT and many other energy stocks today, they have the same price pattern....good luck.. gotta go make money (O:

Eman93
4,572 posts
msg #66727
Ignore Eman93
8/27/2008 10:10:37 PM

TheRumpledOne
- Ignore TheRumpledOne 8/27/2008 2:37:35 AM

What is the reason you are looking at indicators when you should be looking at PRICE?

Being very new to the game...I understand the concept of price action but at this point I can not look at price action alone and chose the stocks with a high prob of a reversal or will continue to move up, without looking at the indicators for some level of conformation...I hope to get to that level some day but i am not there.

I made my first trade in May of this year.....I work a full time job and can only devote a few hours a night trying to pick the right stocks. I can't truly day trade the way i would like TRO style. I am trying to find stocks with a high prob of running at least 2 to 5 days.

I cant sell short, no option trading and cant truly day trade...I am fighting with two arms and a leg tied behind my back.

This crap of entering orders the night before is like flipping a coin... I am trying to find an edge somewhere....

Watching John work his magic is giving me hope it can be done...

What I have read about the TRO style, one stock, (know it trade it) is in my opinion the best way to do it...as they say timing is everything, and you need your finger on the button at that point in time.
I am not able to trade this way due to my job…I am not ready to quit said job and try to make living on trading stocks…..

The one lesson in life I have learned is " if you want to be successful, then do it the way successful people do it, understand the logic and the hard work that it takes and be committed"

I will never swing a golf club like Tiger, but I understand his system and learn from it.

guru_trader
485 posts
msg #66759
Ignore guru_trader
8/28/2008 4:24:51 PM

1-4 of TRO's RFR stocks + Price-Action + just a single indicator (CCI, Aroon, RSI or W%R) has made the biggest difference in my trading success.

I'm too impatient to trade just 1 stock, I usually watch the top 4 RFR stocks daily and wait for just the right entries on any of those. But I agree, more than that many stocks and it's too much to keep track of. I also watch various time frames so I don't trade against a larger trend.

chetron
2,817 posts
msg #66791
Ignore chetron
modified
8/29/2008 9:21:45 AM

OR MAYBE...


3 DAY COMBO

Fetcher[

/* TACHIKAWA */

SET{VHH21,COUNT(HIGH 2 DAY AGO BELOW HIGH 1 DAY AGO,1)}
SET{VHH10,COUNT(HIGH BELOW HIGH 1 DAY AGO,1)}
SET{VHH3,VHH21 * VHH10}

SET{VLL21,COUNT(LOW 2 DAY AGO ABOVE LOW 1 DAY AGO,1)}
SET{VLL10,COUNT(LOW ABOVE LOW 1 DAY AGO,1)}
SET{VLL3,VLL21 * VLL10}

SET{VHH8,COUNT(HIGH 1 DAY AGO ABOVE HIGH 8 DAY HIGH 2 DAY AGO,1)}
SET{VHL8,COUNT(LOW 1 DAY AGO ABOVE LOW 8 DAY LOW 2 DAY AGO,1)}
SET{VLH8,COUNT(HIGH 1 DAY AGO BELOW HIGH 8 DAY HIGH 2 DAY AGO,1)}
SET{VLL8,COUNT(LOW 1 DAY AGO below LOW 8 DAY LOW 2 day ago ,1)}

SET{HIHI,VHH3 * VHH8}
SET{LOHI,VHH3 * VLH8}
SET{HILO,VLL3 * VHL8}
SET{LOLO,VLL3 * VLL8}
/* TACHIKAWA */


SET{VAR1,HIGH 1 DAY AGO}
SET{VAR2,LOW 1 DAY AGO}
SET{VAR3,VAR1 + VAR2}
SET{VMED1,VAR3 / 2}

SET{GO_LONG,VMED1 21 DAY LOW}
SET{GO_SHORT,VMED1 21 DAY HIGH}

DRAW HIGH 21 DAY HIGH 1 DAY AGO
DRAW GO_SHORT 21 DAY LOW ON PLOT PRICE
DRAW GO_LONG 21 DAY HIGH ON PLOT PRICE
DRAW LOW 21 DAY LOW 1 DAY AGO

CHART-TIME 21 DAY

DRAW LOLO
DRAW LOHI
DRAW HILO
DRAW HIHI

ADD COLUMN LOLO {SHORT_ME}
ADD COLUMN HIHI {BUY_ME}

SET{PICKS,LOLO + HIHI}

SET{LONG_BOAT,HIHI * HILO}
ADD COLUMN LONG_BOAT
SET{SHORT_BOAT,LOHI * LOLO}
DRAW LONG_BOAT
DRAW SHORT_BOAT
ADD COLUMN SHORT_BOAT

PICKS ABOVE .5
DO NOT DRAW PICKS

VOLUME ABOVE 1000000

SORT COLUMN 5 ASCENDING

]




ALSO...

Fetcher[


/* TACHIKAWA */

SET{VHH21,COUNT(HIGH 2 DAY AGO BELOW HIGH 1 DAY AGO,1)}
SET{VHH10,COUNT(HIGH BELOW HIGH 1 DAY AGO,1)}
SET{VHH3,VHH21 * VHH10}

SET{VLL21,COUNT(LOW 2 DAY AGO ABOVE LOW 1 DAY AGO,1)}
SET{VLL10,COUNT(LOW ABOVE LOW 1 DAY AGO,1)}
SET{VLL3,VLL21 * VLL10}

SET{VHH8,COUNT(HIGH 1 DAY AGO ABOVE HIGH 8 DAY HIGH 2 DAY AGO,1)}
SET{VHL8,COUNT(LOW 1 DAY AGO ABOVE LOW 8 DAY LOW 2 DAY AGO,1)}
SET{VLH8,COUNT(HIGH 1 DAY AGO BELOW HIGH 8 DAY HIGH 2 DAY AGO,1)}
SET{VLL8,COUNT(LOW 1 DAY AGO below LOW 8 DAY LOW 2 day ago,1)}

SET{HIHI,VHH3 * VHH8}
SET{LOHI,VHH3 * VLH8}
SET{HILO,VLL3 * VHL8}
SET{LOLO,VLL3 * VLL8}

DRAW LOLO
DRAW LOHI
DRAW HILO
DRAW HIHI

SET{VAR1,COUNT(HIGH ABOVE HIGH 8 DAY HIGH 1 DAY AGO,1)}
SET{VAR2,COUNT(LOW BELOW LOW 8 DAY LOW 1 DAY AGO,1)}

SET{PICKS,VAR1 + VAR2}

SET{LONG_BOAT,HIHI * HILO}
ADD COLUMN LONG_BOAT
SET{SHORT_BOAT,LOHI * LOLO}
DRAW LONG_BOAT
DRAW SHORT_BOAT
ADD COLUMN SHORT_BOAT

PICKS ABOVE .5
DO NOT DRAW PICKS

VOLUME ABOVE 1000000

SORT COLUMN 5 ASCENDING

]




Fetcher[




/* TACHIKAWA */

SET{VHH21,COUNT(HIGH 2 DAY AGO BELOW HIGH 1 DAY AGO,1)}
SET{VHH10,COUNT(HIGH BELOW HIGH 1 DAY AGO,1)}
SET{VHH3,VHH21 * VHH10}

SET{VLL21,COUNT(LOW 2 DAY AGO ABOVE LOW 1 DAY AGO,1)}
SET{VLL10,COUNT(LOW ABOVE LOW 1 DAY AGO,1)}
SET{VLL3,VLL21 * VLL10}

SET{VHH8,COUNT(HIGH 1 DAY AGO ABOVE HIGH 21 DAY HIGH 2 DAY AGO,1)}
SET{VHL8,COUNT(LOW 1 DAY AGO ABOVE LOW 21 DAY LOW 2 DAY AGO,1)}
SET{VLH8,COUNT(HIGH 1 DAY AGO BELOW HIGH 21 DAY HIGH 2 DAY AGO,1)}
SET{VLL8,COUNT(LOW 1 DAY AGO below LOW 21 DAY LOW 2 day ago ,1)}

SET{HIHI,VHH3 * VHH8}
SET{LOHI,VHH3 * VLH8}
SET{HILO,VLL3 * VHL8}
SET{LOLO,VLL3 * VLL8}

DRAW LOLO
DRAW HIHI

SET{REVERSAL_BOAT,LOHI * HILO}

SET{VAR1,HIGH 2 DAY AGO}
SET{VAR2,LOW 2 DAY AGO}
SET{VAR3,VAR1 + VAR2}
SET{VMED2,VAR3 / 2}

SET{VAR4,COUNT(CLOSE ABOVE VMED2,1)}
SET{VAR5,COUNT(CLOSE BELOW VMED2,1)}

SET{BUY_ME,VAR4 * LOLO}
SET{SHORT_ME,VAR5 * HIHI}

SET{PICKS,BUY_ME + SHORT_ME}

DRAW REVERSAL_BOAT

PICKS ABOVE .5
VOLUME ABOVE 100000


]



chetron
2,817 posts
msg #67261
Ignore chetron
9/13/2008 4:11:56 PM

AND WELL.....


Fetcher[



/* TACHIKAWA */

SET{VHH21,COUNT(HIGH 2 DAY AGO BELOW HIGH 1 DAY AGO,1)}
SET{VHH10,COUNT(HIGH BELOW HIGH 1 DAY AGO,1)}
SET{VHH3,VHH21 * VHH10}

SET{VLL21,COUNT(LOW 2 DAY AGO ABOVE LOW 1 DAY AGO,1)}
SET{VLL10,COUNT(LOW ABOVE LOW 1 DAY AGO,1)}
SET{VLL3,VLL21 * VLL10}

SET{VHH8,COUNT(HIGH 1 DAY AGO ABOVE HIGH 21 DAY HIGH 2 DAY AGO,1)}
SET{VHL8,COUNT(LOW 1 DAY AGO ABOVE LOW 21 DAY LOW 2 DAY AGO,1)}
SET{VLH8,COUNT(HIGH 1 DAY AGO BELOW HIGH 21 DAY HIGH 2 DAY AGO,1)}
SET{VLL8,COUNT(LOW 1 DAY AGO below LOW 21 DAY LOW 2 day ago ,1)}

SET{HIHI,VHH3 * VHH8}
SET{LOHI,VHH3 * VLH8}
SET{HILO,VLL3 * VHL8}
SET{LOLO,VLL3 * VLL8}

DRAW LOLO
DRAW HIHI

SET{PICKS,LOLO + HIHI}

SET{REVERSAL_BOAT,LOHI * HILO}
DRAW REVERSAL_BOAT

REVERSAL_BOAT ABOVE .5
DO NOT DRAW PICKS

VOLUME ABOVE 1000000

SORT COLUMN 5 ASCENDING


]



TheRumpledOne
6,358 posts
msg #68331
Ignore TheRumpledOne
10/12/2008 2:33:08 PM

guru_trader
- Ignore guru_trader 8/28/2008 4:24:51 PM

1-4 of TRO's RFR stocks + Price-Action + just a single indicator (CCI, Aroon, RSI or W%R) has made the biggest difference in my trading success.

I'm too impatient to trade just 1 stock, I usually watch the top 4 RFR stocks daily and wait for just the right entries on any of those. But I agree, more than that many stocks and it's too much to keep track of. I also watch various time frames so I don't trade against a larger trend.

====================================================================

What is the "biggest difference"?

Don't be fooled by looking at different time frames. Price is the same on all time frames.





StockFetcher Forums · General Discussion · Price Action Trading Method<< 1 2 3 4 >>Post Follow-up

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