StockFetcher Forums · General Discussion · Scans can only do so much<< >>Post Follow-up
markcrisp
187 posts
msg #43412
Ignore markcrisp
5/2/2006 9:37:20 AM

I seeday after day people are trying to find The Holy Grail scan....

Well, it doesn't exist.

I have made a lot of money in TIE recently. How did I find it?

Stocks>$20, doubled, 1 year high

ButI then did a bit of reasearch.

T.A. is only the start of your traidng. Not then end all and be all. There is no perfect scan. Don't get so involved in T.A. and scanning you forget how to trade properly.

Good luck



stocktrader
293 posts
msg #43474
Ignore stocktrader
5/4/2006 9:43:12 PM

Pop to the top!


markcrisp
187 posts
msg #43478
Ignore markcrisp
5/5/2006 5:31:01 AM

very informative


stocktrader
293 posts
msg #43481
Ignore stocktrader
5/5/2006 8:17:26 AM

I thought it was Mark.

Your words needed repeating. Like you, I see people so obsessed with filters.

Thanks for the reminder.


traderblues
195 posts
msg #43484
Ignore traderblues
5/5/2006 10:20:29 AM

Yes.

Most of the emphasis here is on entry filters. A person also needs an exit strategy. Exit filters can also be designed here at SF. The third piece of the puzzle is position size (money management). Then the 4th piece (and biggest) is personal discipline.


TheRumpledOne
6,358 posts
msg #43489
Ignore TheRumpledOne
5/5/2006 10:45:19 AM

traderblues.... did you see the position size filter display I wrote a few months ago?

It also includes money management exits.




RocketFetcher
58 posts
msg #44727
Ignore RocketFetcher
6/7/2006 9:50:24 PM

markcrisp, good post..do you have a minimum volume, ie average for X days, that you screen for? ie no volume under Xthousand per day? TIA


alf44
2,025 posts
msg #44730
Ignore alf44
modified
6/8/2006 1:46:44 AM

...with all due respect...


BLAH...BLAH...BLAH...


Learn to discipher "Price Action"...

When you begin to do that...you are WELL on your way to being a successful trader !

--------------------------

Tests of recent HIGHS and LOWS !

Range Contraction !

Range Expansion !

Narrowist Range of the last 4/7 days !

Widest Range of the last 4/7 days !

Inside Days !

Outside Days !

Reversal Patterns !

dojis/Stars/hammers etc... !

One Day Reversals !

Divergence (regular and hidden) !

Breakouts (from consolidation) !

GAPS (there must be at least 100 or more Gap Strategies) !

Pivot Point Analysis !!!

-------------------------

Write filters that isolate "SHORT-TERM PATTERNS" and "PRICE ACTION" !!!

MORE IMPORTANTLY...LEARN to trade these patterns !!!

EVEN MORE IMPORTANTLY...LEARN ENTRY TECHNIQUES to trade these patterns !!!

EVEN...EVEN...EVEN...MORE IMPORTANTLY...LEARN to EXIT these trades...that are initiated from these patterns !!!

-------------------------

LOOK...

You can SCAN for Overbought/Oversold Oscillators till the cows come home !!!

You can SCAN for DMA this...or...RSI(2) that..."WARM" this...or "LUKE WARM" that...you people are COMPLETELY missing the point !!! imo

Good luck with that approach !!!


"PRICE"...is the ONLY indicator that really matters !

All In My Not So Humble Opinion !!!


Regards,

alf44



TheRumpledOne
6,358 posts
msg #44733
Ignore TheRumpledOne
6/8/2006 3:11:56 AM

PRICE

VOLUME

TIME

That's all that there is.




StockFetcher Forums · General Discussion · Scans can only do so much<< >>Post Follow-up

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