StockFetcher Forums · Filter Exchange · Best strategy!<< 1 2 3 4 >>Post Follow-up
Sqwii
160 posts
msg #68041
Ignore Sqwii
10/4/2008 7:27:35 AM

1. If a stock is priced 20$ and then falls 20% would it mostly often be the BEST choice to BUY the stock when it FALLS 20% or should you wait to see some strength the next day (if it goes up 5% again next day) they you should buy and go in?

Because sometimes if a stock falls 20% it could fall 20% more the next day...

What would you do? I am not sure about what is the best strategy to go IN a stock when you see some strenght.. because maybe the stock fell down from 10 to 5 in 1 week and then it is showing some strength to 6 and then you buy at 6 level or should you just buy the stock when it falls to 5 and try to get it cheapest at the bottom ?


Thanks

seanban
22 posts
msg #68043
Ignore seanban
10/4/2008 7:48:43 AM

Very dangerous to enter with some confirmation that the down trend is (probably) over. Before trading, I suggest you read some books (Elder, Pring and many more) on this matter and follow some posts from TRO and others here.

chetron
2,817 posts
msg #68044
Ignore chetron
10/4/2008 7:54:14 AM



I ENJOYED READING THIS



chetron
2,817 posts
msg #68045
Ignore chetron
10/4/2008 7:58:17 AM


THIS IS PART 3, BUT HAS THE LINKS TO PARTS 1 AND 2, GOOD STUFF CHEAP



Sqwii
160 posts
msg #68047
Ignore Sqwii
10/4/2008 8:38:01 AM

chetron looks nice

Want you to look at this filter ? What do you think?

Fetcher[

RSI(2) below 1
volume above 1000000
Projection Oscillator(2) is increasing last 1 day
add column Projection Oscillator(2)
]



Sqwii
160 posts
msg #68048
Ignore Sqwii
10/4/2008 8:50:17 AM

Or how about this chetron which one do you like most ?

Fetcher[
close 1 day ago below close today
volume above 1000000
rsi(14) below 30
Projection Oscillator(2) is increasing last 1day
RSI(2) below 20
]



johnpaulca
12,036 posts
msg #68049
Ignore johnpaulca
10/4/2008 2:13:51 PM

My advise to newbies is buy when moving off of major support, like ma, 20,50 or 200. My favorite is ema(100), I look for wide range bars crossing this moving average then I wait for a retest, meaning I want to see ema(100) as support. This is a great place for swing traders to enter. Look for increased volume on the break above ema(100). I think it's very risky for newbies to go bottom fishing, you have to be very skilled or you will be eaten alive very quicklyand ultimately out of the game. The trick is to find something that works consistently not just a one day wonder...good luck.

johnpaulca
12,036 posts
msg #68050
Ignore johnpaulca
10/4/2008 2:31:43 PM

EMA(100): This filer would help, I have added Avery stat filter, the rest was pieced together from the filter GURUS on this site.

I enter only those stocks coming from below, with the exception of those that have corrected from above and holiday around the ema(100) for some time before resuming it's trend.


Fetcher[set{Shadow, day point range / opcl}
Shadow above 1

set{Hi, high - max(open, close)}
set{Lo, min(open, close) - low}
set{Hiratio, Hi / opcl}
set{Loratio, Lo / opcl}
set{Upper, mod(Hiratio,100) * 100}
set{Lower, mod(Loratio,100) * 100}

add column Upper{Upper (%)}
add column Lower{Lower (%)}


low is below ema(100) for the last 1 day
close is above ema(100)
add column sector
draw Williams %R(100)

set{whiop, weekly high - weekly open}
set{Long_Profit, whiop / weekly open }
set{wkProfitPct, 100 * Long_Profit }

set{C1A, count(Long_Profit > .04 , 52)}
set{C2A, count(Long_Profit > .09, 52)}
set{C0010, C1A - C2A}

set{D1A, count(Long_Profit > .09 , 52)}
set{D2A, count(Long_Profit > .19, 52)}
set{D1020, D1A - D2A}

set{E1A, count(Long_Profit > .19 , 52)}
set{E2A, count(Long_Profit > .29, 52)}
set{E2030, E1A - E2A}

set{F1A, count(Long_Profit > .29 , 52)}
set{F2A, count(Long_Profit > .39, 52)}
set{F3040, F1A - F2A}

set{G1A, count(Long_Profit > .39 , 52)}
set{G2A, count(Long_Profit > .49, 52)}
set{G4050, G1A - G2A}

set{H1A, count(Long_Profit > .49 , 52)}
set{H2A, count(Long_Profit > .99, 52)}
set{H5052, H1A - H2A}

set{I52, count(Long_Profit > .99 , 52)}
set{fivepct, count(Long_Profit > .05 , 52)}
set{ziphi, count(whiop equal 0 , 52)}
set{ziphix, count(whiop below 0.10 , 1)}
set{onepct, count(Long_Profit > .01 , 52)}
set{twopct, count(Long_Profit > .02 , 52)}
set{halfpct, count(Long_Profit > .005 , 52)}
set{qtrpct, count(Long_Profit > .0025 , 52)}
set{WeekDiff, weekly close- weekly open}
set{ProfitPct, WeekDiff/ weekly open }
set{WeekHold, 100 * ProfitPct}
add column Weekhold
add column wkProfitPct
add column qtrpct
add column halfpct
add column onepct
add column twopct
add column fivepct
add column ziphi
and add column separator
and add column C0010 {4_9}
and add column D1020 {10_19}
and add column E2030 {20_29}
and add column F3040 {30_39}
and add column G4050 {40_49}
and add column H5052 {50_99}
and add column I52 {100}
and add column separator
and add column weekly open {wopen}
and add column weekly high {whigh}
and add column weekly low {wlow}
and add column weekly close {wclose}
and add column separator
close between 2 and 200
volume is above 300000
]




TheRumpledOne
6,407 posts
msg #68058
Ignore TheRumpledOne
10/4/2008 6:12:29 PM

Some of that code sure looks familiar!!

chetron
2,817 posts
msg #68063
Ignore chetron
10/4/2008 7:26:29 PM


YA, I SEE MY "ADD COLUMN SEPARATOR" IN THERE. LOL.



StockFetcher Forums · Filter Exchange · Best strategy!<< 1 2 3 4 >>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 2022 - 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


This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.