StockFetcher Forums · General Discussion · Stop & Reverse...<< 1 2 3 >>Post Follow-up
TheRumpledOne
6,358 posts
msg #64768
Ignore TheRumpledOne
7/7/2008 11:42:10 AM

"TWO TYPES OF PEOPLE ARE UNTEACHABLE: THE VERY WISE AND THE VERY STUPID"

- Confucious.

TrendSurfer
109 posts
msg #64769
Ignore TrendSurfer
modified
7/7/2008 1:05:58 PM

::: klynn55 ::: Your post allows me to make an important point...

It shouldn't have taken a single minute, to figure out that when you moved across those two charts from left to right. That simple blue line revealed the markets multi-day moves virtually 100% of the time. And 80% plus of the time, 1 to 2 days in advance, right on a Daily SF Chart.

If that didn't shoot fireworks off you your head, I wouldn't have a clue what to say or show next that would make any difference. What if there was one single thing that could turn someones trading results completely around and put them into the game, on the playing field with the best out there? Tell me, how much value something like that would be worth in real terms?

The people I deal with everyday, understand connection and commitment. 1) How to make a connection, and 2) how important commitment is to opening doors to new opportunities.

I guarantee you, plenty gained value just simply from seeing something is possible. And for those players who knew it already, additional confirmation always helps, doesn't it? Simple as letting the market come to you, instead of chasing it!

::: Thanks for everyone's post to this thread, that's good stuff :::

miketranz
669 posts
msg #64771
Ignore miketranz
7/7/2008 5:58:45 PM

Avery,how about this one;"There's two fools in every market,one who buys too high,and one who buys too low....

jimhbutton
104 posts
msg #64774
Ignore jimhbutton
7/7/2008 10:56:55 PM

TrendSurfer wrote:

"I'm a price purist when it comes to trading, all my decisions come from the price action on the charts, including the fear and greed they reveal on a daily basis. I've learned over the years to ALLOW NOTHING to influence me other than that."

The best books that I've ever read on the simplicity of just prices for stock trading were written by a StockFetcher poster, Jayesh Patel, titled:

(1) "Profit from Prices: All You Need for Profit in Stock Trading is Stock Prices."

(2) "Profit From Price- Innovative approach to stock market trading."

His books can be perused @ the following Amazon.com addresses:

http://www.amazon.com/Profit-Prices-Need-Stock-Trading/dp/1434805131/ref=sr_1_1?ie=UTF8&s=books&qid=1215485070&sr=8-1

http://www.amazon.com/Profit-Price%252d-Innovative-approach-trading/dp/B0012BRUPO/ref=sr_1_2?ie=UTF8&s=books&qid=1215485202&sr=1-2

Jayesh Patel's StockFetcher scans listed in his books can be found by typing in pateljr in the Forum Search function.

His informative website is @ http://www.profitfromprices.com/

His ideas have influenced my own trading style immensely.

jhb



TheRumpledOne
6,358 posts
msg #64793
Ignore TheRumpledOne
modified
7/8/2008 8:33:29 PM

Fetcher[
/* Implementation of U-TURN BUY from Profits from Prices */

Show stocks where Close gained more than .15%
percent over the last 1 day
and open is more than .25% below the low 1 day ago
and close is above the open 1 day ago
and LOW reached a new 4 week low
and volume gained more than 20% over volume 1 day ago
]




Fetcher[
/* Implementation of WEEKLY U-TURN BUY from Profits from Prices */
Show stocks where Close gained more than .5 percent over the weekly close 1 week ago
and close gained more than .5 percent over open
and close gained more than 1% over close 1 day ago
and weekly close gained more than .5 percent over weekly open
and weekly Low 1 week ago is below weekly low 2 week ago
and weekly close 1 week ago is below weekly open 1 week ago
and weekly close 2 week ago is below weekly open 2 week ago
and weekly low reached a new 7 week low
and weekly low dropped more than 2 percent below low 1 week ago and volume is above 500000
and close above 2
and chartdisplay is weekly
and close is 15% below 10 week high
]



Fetcher[
/* TRO implementation of U-TURN BUY from Profits from Prices */

close 1 day ago below close 2 days ago

low below low 1 day ago

close above close 1 day ago

close above open 1 day ago

low equal low 20 day low

30 day slope of the close below 0

volume above volume 1 day ago
volume above average volume(90)

/* price volume market selection criteria */

average volume(90) above 1000000
market is NASDAQ

sort column 4 descending
]



Interesting that this is another way of looking at Muddy's "WAIT FOR GREEN".

TheRumpledOne
6,358 posts
msg #64809
Ignore TheRumpledOne
modified
7/9/2008 11:15:08 AM

Fetcher[
/* TRO U-TURN */

set{ sw1, count( close 1 day ago below close 2 days ago ,1) * count( low below low 1 day ago ,1) }

set{ sw2, count( close above close 1 day ago,1) * count( close above open 1 day ago ,1) }

set{ sw3, count( low equal low 20 day low ,1) * count(30 day slope of the close below 0 ,1) }

set{ sw4, count( volume above volume 1 day ago ,1) * count( volume above average volume(90) ,1) }

set{ x1, sw1 * sw2 }
set{ x2, sw3 * sw4 }
set{ y1, x1 * x2 }

set{ uturns, count(y1 above 0, 5) }
set{ udays, days(uturns equal 1, 6) }


add column uturns
add column udays

uturns above 0

/* price volume market selection criteria */

average volume(90) above 1000000
market is NASDAQ

sort column 6 Ascending

]



UTURNS shows the number of U-turns in the last 5 days ( usually a 1 )

UDAYS shows the number of days since the last U-turn.

TrendSurfer
109 posts
msg #64816
Ignore TrendSurfer
modified
7/9/2008 5:03:57 PM

There are a couple short segments of news I tune into to get the sentiment the media has settled into for the day. Could say, one of my FEAR & GREED indicators.

I guess I was a few minutes early tuning in and another segment was finishing up, the interviewer ask the expert, where are the markets going right now?

His response: ... you'll be ok, if you don't turn those paper loses into real losses by selling now ...

So typical of a money manager, he has his clients convinced the money they've lost in their account is only paper loses... He was so congruent, it was like he even believes it, bet he's been saying this for weeks, or maybe since last November.

I almost fell out of my chair laughing at that statement.

Sure enough, he didn't follow-up with, ... it will only take a year or two to get back to even, maybe, if you're lucky ...

Of course they want your money to stay in the account, and they don't want to have to call you and tell you when to be in cash. That would just be a hassle, wouldn't it?

Anticipate and understand that markets correct, just don't let it take your cash and profits with it. Nobody cares more about your money than you and so easy to learn methods to slip into and out of the markets. When to be fully committed, and when to back off your trading, anticipate and be patient.

numbat55
1 posts
msg #64833
Ignore numbat55
7/10/2008 5:33:07 AM

Ive saved your post, it is one of the best posts or descriptions I have ever read many thanks to you sir.

StockFetcher Forums · General Discussion · Stop & Reverse...<< 1 2 3 >>Post Follow-up

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