ham1198
174 posts
msg #35304
- Ignore ham1198 |
3/9/2005 8:24:32 AM
I think this has the potential to grab some explosive moves. I think I have it right in showing that the stock must trade under yesterday's low and above yesterday's high. (an outside day) Also, the stock must have made a new 60 day or 12 week high.
Where I'm stuck but think I might have it right is I want the stock today to be in the largest range of the past five days. Can someone tell me if I'm right or wrong? if you see anything that can tweek my filter to make it even better, please advise.
Thanks for your help.
Show stocks where day point range is the largest range of past 5 day
and the high reached a new 60 day high
and high is above high 1 day ago
and low is below low 1 day ago
and ADX(14) is above 25
and close is above $30.00
and average volume(30) is above 250,000 shares
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denlow
4 posts
msg #35306
- Ignore denlow |
3/9/2005 2:17:59 PM
Is this what you are looking for?
Show stocks where day point range is near ATR(5)
and the high has reached a new 60 day high
and high is above high 1 day ago
and low is below low 1 day ago
and ADX(14) is above 25
and close is between 0.90 and 70
and average volume(30) is above 150000 shares
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ham1198
174 posts
msg #35311
- Ignore ham1198 |
3/10/2005 12:54:01 PM
I think this is what I was looking for. This is a rare setup, but can be highly explosive. This is about momentum trading.
Buy the next day .06 above today's high
Risk $1
Show stocks where Average True Range(14) has been increasing over the last 1 week
and high reached a new 12 week high
and high is above high 1 day ago
and low is below low 1 day ago
and ADX(14) is above 25
and close is above $30.00
and average volume(30) is above 250,000 shares
P.S. The higher the stock price the better. Good luck.
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rsarno
103 posts
msg #35317
- Ignore rsarno |
3/10/2005 10:06:39 PM
im seeing all red, what are you guys doing to make these profitable?
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PeterJerome
23 posts
msg #35321
- Ignore PeterJerome |
3/11/2005 1:24:09 AM
rsarno,
>>im seeing all red, what are you guys doing to make these profitable?<<
The DOW has been headed down for the last 4 days...pretty hard to make $$ in a long position. If you offset 5 days to March 3rd you can see the potential. Use a STOP LIMIT order and enter a couple of tics above the high and let the market 'pull' you in. These are short term momentum plays..Also that BEARISH Inverted Hammer on March 7th is a pretty good signal to close all longs.
Peter.
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mattman
18 posts
msg #35323
- Ignore mattman |
3/11/2005 12:22:47 PM
When I offset 5 days to March 3 on this fliter I get 0 results for that day
Fetcher[Show stocks where Average True Range(14) has been increasing over the last 1 week
and high reached a new 12 week high
and high is above high 1 day ago
and low is below low 1 day ago
and ADX(14) is above 25
and close is above $30.00
and average volume(30) is above 250,000 shares]
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ham1198
174 posts
msg #35335
- Ignore ham1198 |
3/12/2005 9:53:45 PM
matt:
Keep trying every night to see if any come up. This is a fairly rare setup, but I think when it does occur, the move is often highly explosive.
Remember, buy the next day about $.05 above the high of the day. Don't forget to use trailing stop and stay in the position until you are stopped out. TYhis can be a couple of hours or a couple of days.
Also, try date offset of a number of days and see what it did in the past.
Good Luck.
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ham1198
174 posts
msg #35351
- Ignore ham1198 |
3/14/2005 5:49:04 PM
matt:
OK, We have a play for 3/15/2005. Go long OMX @ $34.90. Let's see how she does
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dangreene
229 posts
msg #35390
- Ignore dangreene |
3/18/2005 9:22:35 AM
hamm1198,
Since entry @ $34.90 didn't materialize on 3/15 would you have entered on 3/17 at $33.88 ?
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ham1198
174 posts
msg #35403
- Ignore ham1198 |
3/21/2005 3:03:47 PM
Dan, no I would have stayed away. This one got downgraded and took a dive. As I mentionedd earlier, this setup is rare and I just check it every night to see if there are any plays. If you do catch one, it can be pretty explosive.
Good luck.
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