StockFetcher Forums · General Discussion · When to Trade<< >>Post Follow-up
rtucker
318 posts
msg #37460
Ignore rtucker
modified
8/14/2005 4:09:57 AM

s

TheRumpledOne
6,358 posts
msg #37462
Ignore TheRumpledOne
8/14/2005 12:50:08 PM

When to trade from the long side...

Enter the trade when price is at/near a support line.

The choice is simple. Either you buy as the price crosses above a support/resistance line(area) on a show of strength or you enter as the price bounces off the support/resistance line(area).

If you use my Gridiron Strategy you will know exactly where the support areas reside.

GOOG on Friday is a perfect example of buying off a support area and raking it in. GOOG dropped 2 days in a row. On Friday, GOOG continued to drop though the pivot point at 283.74.

My Gridiron showed the 20 yard line (oversold) area to be at 281.47. GOOG had tested that area on Thursday. GOOG tested it again on Friday with a low of 281.64. When the price rose above the 60 minute ema(5) in the 282.32 area, GOOG was a buy. GOOG closed at 289.77 and the R2 resistance was 289.70.

In summary, for swing trading, the LONG entry is at/near support and you NEVER want to enter in the middle area between a support and a resistance line.

MAY ALL YOUR FILLS BE COMPLETE.




rtucker
318 posts
msg #37469
Ignore rtucker
modified
8/14/2005 4:34:01 PM

a

TheRumpledOne
6,358 posts
msg #37471
Ignore TheRumpledOne
8/14/2005 10:45:59 PM

Here is my Indices Display:

Fetcher[
set{HiOp,high - open}
set{OpLo, open - low}

set{c05, 5 day slope of the EMA(5) - 5 day slope of the EMA(5) 1 day ago}

set{Cx5, count(close crossed above ema(5),1) - count(close crossed below ema(5),1)}

set{Cx13, count(close crossed above ema(13),1) - count(close crossed below ema(13),1)}

set{x1326, count(ema(13) crossed above ema(26),1) - count(ema(13) crossed below ema(26),1)}

set{CCb,days(close is above close 1 day ago,100)}
set{CCa,days(close is below close 1 day ago,100)}
set{CxC, CCa - CCb}



set{T10, count(10 day slope of the close above 0,1)}
set{T60, count(60 day slope of the close above 0,1)}
set{T200, count(200 day slope of the close above 0,1)}

Set{u1, T200 * 1}
Set{u2, T60 * 10}
Set{u3, T10 * 100}

Set{uu, u1 + u2}
Set{TREND, uu + u3}

set{Dime, count(Long_Profit > .10, 100)}
set{Nickel, count(Long_Profit > .05, 100)}
set{Quarter, count(Long_Profit > .25, 100)}
set{Cents50, count(Long_Profit > .50, 100)}
set{Dollar, count(Long_Profit > 1.00, 100)}


set{nd2,count(close above close 2 days ago,1) * count(rsi(2) below rsi(2) 2 days ago,1)}}


set{nd3,count(close above close 3 days ago,1) * count(rsi(2) below rsi(2) 3 days ago,1)}


set{nd4,count(close above close 4 days ago,1) * count(rsi(2) below rsi(2) 4 days ago,1)}

set{nd5,count(close above close 5 days ago,1) * count(rsi(2) below rsi(2) 5 days ago,1) }

Set{n1, nd5 * 1}
Set{n2, nd4 * 10}
Set{n3, nd3 * 100}
Set{n4, nd2 * 1000}

Set{na, n1 + n2}
Set{nb, n3 + n4}
Set{ND2345, na + nb}

set{xx,count(open equals ind(qqqq, open),1) * count(volume equals ind(qqqq, volume),1)}

set{xy,count(open equals ind(dia, open),1) * count(volume equals ind(dia, volume),1)}

set{xz,count(open equals ind(spy, open),1) * count(volume equals ind(spy, volume),1)}

set{yy, xx + xy}
set{yz, xz + yy}


set{xBB1, count(HIGH crossed above the upper bollinger band (20),1) - count(LOW crossed below the lower bollinger band (20),1)}

set{xBB2, count(close above the upper bollinger band (20),1) - count(close below the lower bollinger band (20),1)}

set{xBB, xBB1 + xBB2}

set{xLR1, count(HIGH crossed above the top linear regression line(60),1) - count(LOW crossed below the bottom linear regression line(60),1)}

set{xLR2, count(close above the top linear regression line(60),1) - count(close below the bottom linear regression line(60),1)}

set{xLR, xLR1 + xLR2}

set{wBB1, count(HIGH crossed above the weekly upper bollinger band (20),1) - count(LOW crossed below the weekly lower bollinger band (20),1)}

set{wBB2, count(close above the weekly upper bollinger band (20),1) - count(close below the weekly lower bollinger band (20),1)}

set{wBB, wBB1 + wBB2}

set{wLR1, count(HIGH crossed above the weekly top linear regression line(60),1) - count(LOW crossed below the weekly bottom linear regression line(60),1)}

set{wLR2, count(close above the weekly top linear regression line(60),1) - count(close below the weekly bottom linear regression line(60),1)}

set{wLR, wLR1 + wLR2}

set{E5b,days(close is above ema(5),100)}
set{E5a,days(close is below ema(5),100)}
set{CxE5, E5a - E5b}

set{E13b,days(close is above ema(13),100)}
set{E13a,days(close is below ema(13),100)}
set{CxE13, E13a - E13b}


set{E1326b,days(ema(13) is above ema(26),100)}
set{E1326a,days(ema(13) is below ema(26),100)}
set{E13xE26, E1326a - E1326b}


and add column HiOp
and add column OpLo

and add column Trend
and add column ND2345

and add column CxC {CxC_}
and add column CxE5 {C_x_E5}
and add column CxE13 {C_x_E13}
and add column E13xE26 {E13xE26}

and add column xBB {BBxOver}
and add column xLR {LRxOver}
and add column wBB {wBBxOver}
and add column wLR {wLRxOver}

add column rsi(2)
add column weekly rsi(2)

yz equal 1

]



Sounds like you have to learn to determine MARKET TREND.

Using this filter, you will see what way the market is trending.

Look at the TREND column and the crossover columns... they tell which way the index is trending.

The Bollinger band and linear regression columns tell you when it is topping or bottoming.

Of course, checking RSI(2) and weekly RSI(2) gives you confirmation of tops and bottoms especially when there is a divergence.

MAY ALL YOUR FILLS BE COMPLETE.

P.S. This is one of my saved filters, I use it everyday.


carolynandjoel
30 posts
msg #37474
Ignore carolynandjoel
8/14/2005 10:49:08 PM

Dear Rumpled One,
Your grid iron study is a marvel. But there is only one problem. I don't know how to apply it the way you are discussing. Did I just read that you run the grid iron against your watchlist? Otherwise, how could you have seen what GOOG was doing?
Thank you, Carolyn


TheRumpledOne
6,358 posts
msg #37476
Ignore TheRumpledOne
8/15/2005 1:58:45 AM

I have the Gridiron live, real time on my TradeStation Platform.

I wrote a Gridiron Calculator for EXCEL for those who don't have tradestation.

If you like to trade a few stocks rather than dozens, you run the calculations and wait for a long entry near the support area or a short entry near the resistance area.

You don't enter when the ball is at midfield meaning at/near the halfway point between support/resistance. If you enter there, you are "gambling".

The Gridiron just gives you a better edge.

Of course, you can use Elliot Waves and/or Fib numbers to fine your entries.

I just grind out the profits using the Gridiron.

MAY ALL YOUR FILLS BE COMPLETE.


TheRumpledOne
6,358 posts
msg #37477
Ignore TheRumpledOne
8/15/2005 2:00:10 AM

It's not really a marvel...lol

It is more of a "why didn't I think of that" application of overbought/oversold to support/resistance. Really it's commonsense!

But thanks for the compliment.


TheRumpledOne
6,358 posts
msg #37478
Ignore TheRumpledOne
8/15/2005 2:03:50 AM

As far as GOOG goes, it's a (cash) cow that you should milk everyday!

Who needs a watchlist when you can trade GOOG everyday?

MAY ALL YOUR FILLS BE COMPLETE.


carolynandjoel
30 posts
msg #37480
Ignore carolynandjoel
8/15/2005 8:19:28 AM

Rumpled One,
I'm sorry to be so dense but on your 3 program Battle Lines, how do you physically run the 3 different programs? Do you run them separately? Do you ask the 2nd part to only run on the results of the 1st program, etc? Thanks for your help. Carolyn


TheRumpledOne
6,358 posts
msg #37481
Ignore TheRumpledOne
8/15/2005 8:43:26 AM

It's ok to ask for explanations...

I use TradeStation, that is how I do it.

If you don't have TS, then you would want to use the Gridiron Calculator I wrote for EXCEL.

The SF Battlelines filter gives you the lines for where the stock price is now. But if it move past either goal line, you don't have the lines for the "new" field.

The calculator is in the files section of the StockFetcher (Muddy) Yahoo group:

http://finance.groups.yahoo.com/group/StockFetcher/files/

If you are NOT a member, it's free to join.

MAY ALL YOUR FILLS BE COMPLETE.



StockFetcher Forums · General Discussion · When to Trade<< >>Post Follow-up

*** Disclaimer *** StockFetcher.com does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. StockFetcher.com does not recommend particular securities. StockFetcher.com, Vestyl Software, L.L.C. and involved content providers shall not be liable for any errors or delays in the content, or for any actions taken based on the content.


Copyright 2016 - Vestyl Software L.L.C.Terms of Service | License | Questions or comments? Contact Us
EOD Data sources: DDFPlus & CSI Data Quotes delayed during active market hours. Delay times are at least 15 mins for NASDAQ, 20 mins for NYSE and Amex. Delayed intraday data provided by DDFPlus