StockFetcher Forums · General Discussion · Price Action Trading Method<< 1 2 3 4 >>Post Follow-up
maxreturn
745 posts
msg #68341
Ignore maxreturn
10/12/2008 4:12:33 PM

TRO...couldn't disagree more. This may be true for a daytrader but this is bad advice for someone who is looking to swing trade or position trade. Weekly and monthly charts give clarity that the noise of a daily chart cannot provide.

chetron
2,817 posts
msg #68658
Ignore chetron
modified
10/22/2008 8:05:35 AM

HOW ABOUT THIS.......


Fetcher[





/* HH>HL>LH>LL>LH */
/* NEW AND IMPROVED ENTRY VERSION */

SET{VAR1,COUNT(HIGH 2 DAY AGO > HIGH 3 DAY AGO,1)}
SET{VAR2,COUNT(LOW 2 DAY AGO > LOW 3 DAY AGO,1)}
SET{VAR3,COUNT(HIGH 1 DAY AGO < HIGH 2 DAY AGO,1)}
SET{VAR4,COUNT(LOW 1 DAY AGO < LOW 2 DAY AGO,1)}
SET{VAR5,COUNT(HIGH < HIGH 1 DAY AGO,1)}

SET{VAR11,VAR1 * VAR2}
SET{VAR12,VAR11 * VAR3}
SET{SHORT_ME,VAR12 * VAR4}


/* LL>LH>HL>HH>HL */

SET{VAR21,COUNT(HIGH 2 DAY AGO < HIGH 3 DAY AGO,1)}
SET{VAR22,COUNT(LOW 2 DAY AGO < LOW 3 DAY AGO,1)}
SET{VAR23,COUNT(HIGH 1 DAY AGO > HIGH 2 DAY AGO,1)}
SET{VAR24,COUNT(LOW 1 DAY AGO > LOW 2 DAY AGO,1)}
SET{VAR25,COUNT(LOW > LOW 1 DAY AGO,1)}

SET{VAR31,VAR21 * VAR22}
SET{VAR32,VAR31 * VAR23}
SET{BUY_ME,VAR32 * VAR24}

SET{PLAYS,SHORT_ME + BUY_ME}

ADD COLUMN SHORT_ME
ADD COLUMN BUY_ME

DRAW SHORT_ME
DRAW BUY_ME


PLAYS > .5
VOLUME ABOVE 1000000
DO NOT DRAW PLAYS

SORT COLUMN 6 DESCENDING

]




OR THAT....

Fetcher[

/* TACHIKAWA */

SET{VHH21,COUNT(HIGH 2 DAY AGO BELOW HIGH 1 DAY AGO,1)}
SET{VHH10,COUNT(HIGH BELOW HIGH 1 DAY AGO,1)}
SET{VHH3,VHH21 * VHH10}

SET{VLL21,COUNT(LOW 2 DAY AGO ABOVE LOW 1 DAY AGO,1)}
SET{VLL10,COUNT(LOW ABOVE LOW 1 DAY AGO,1)}
SET{VLL3,VLL21 * VLL10}

SET{VHH8,COUNT(HIGH 1 DAY AGO ABOVE HIGH 8 DAY HIGH 2 DAY AGO,1)}
SET{VHL8,COUNT(LOW 1 DAY AGO ABOVE LOW 8 DAY LOW 2 DAY AGO,1)}
SET{VLH8,COUNT(HIGH 1 DAY AGO BELOW HIGH 8 DAY HIGH 2 DAY AGO,1)}
SET{VLL8,COUNT(LOW 1 DAY AGO EQUAL LOW 8 DAY LOW ,1)}

SET{HIHI,VHH3 * VHH8}
SET{LOHI,VHH3 * VLH8}
SET{HILO,VLL3 * VHL8}
SET{LOLO,VLL3 * VLL8}

set{vme1,count(lolo above .5,13)}
set{vme2,count(lohi above .5,8)}
set{vme3,count(hilo above .5,5)}
set{vme4,count(lohi above .5,3)}
set{vme5,count(hilo above .5,1)}

set{vme6,vme1 * vme2}
set{vme7,vme6 * vme3}
set{vme8,vme7 * vme4}
set{picks,vme8 * vme5}


/* HH>HL>LH>LL>LH */
/* INTRADAY VERSION */

SET{VAR1,COUNT(HIGH 2 DAY AGO > HIGH 3 DAY AGO,1)}
SET{VAR2,COUNT(LOW 2 DAY AGO > LOW 3 DAY AGO,1)}
SET{VAR3,COUNT(HIGH 1 DAY AGO < HIGH 2 DAY AGO,1)}
SET{VAR4,COUNT(LOW 1 DAY AGO < LOW 2 DAY AGO,1)}
SET{VAR5,COUNT(HIGH < HIGH 1 DAY AGO,1)}

SET{VAR11,VAR1 * VAR2}
SET{VAR12,VAR11 * VAR3}
SET{VAR13,VAR12 * VAR4}
SET{WAIT_FOR_LL,VAR13 * VAR5}


/* LL>LH>HL>HH>HL */

SET{VAR21,COUNT(HIGH 2 DAY AGO < HIGH 3 DAY AGO,1)}
SET{VAR22,COUNT(LOW 2 DAY AGO < LOW 3 DAY AGO,1)}
SET{VAR23,COUNT(HIGH 1 DAY AGO > HIGH 2 DAY AGO,1)}
SET{VAR24,COUNT(LOW 1 DAY AGO > LOW 2 DAY AGO,1)}
SET{VAR25,COUNT(LOW > LOW 1 DAY AGO,1)}

SET{VAR31,VAR21 * VAR22}
SET{VAR32,VAR31 * VAR23}
SET{VAR33,VAR32 * VAR24}
SET{WAIT_FOR_HH,VAR33 * VAR25}

SET{PLAYS,WAIT_FOR_LL + WAIT_FOR_HH}

ADD COLUMN WAIT_FOR_LL
ADD COLUMN WAIT_FOR_HH

DRAW WAIT_FOR_LL
DRAW WAIT_FOR_HH


PLAYS > .5

DO NOT DRAW PLAYS


add column picks

DRAW LOLO
DRAW LOHI
DRAW HILO
DRAW HIHI

ADD COLUMN LOLO
ADD COLUMN HIHI
ADD COLUMN HILO
ADD COLUMN LOHI

/* FALLING THROUGH THE BOTTOM TRENDLINE */
/* THANX TRO */

set{HH, count(high equal high 20 day high, 20)}

set{NewHI, count(high above high 1 day ago, 20)}

set{HL, count(low above low 1 day ago, 20)}

add column HH

add column NewHI

add column HL

HH above 0

volume above 100000
close above 20

sort column 5 descending


]



mystiq
650 posts
msg #74185
Ignore mystiq
modified
5/7/2009 4:13:13 AM

need some feedback please: (-.-)
put together a cheat sheet for price/volume/strength: any comments:
price/ volume/ closing-range-position/ trade
==== ===== ================= ====
up/ up/ top/ long
up/ up/ bottom/ short
down/ up/ top/ long
down/ up/ bottom/ short
up/ down/ top/ short
up/ down/ bottom/ short
down/ down/ top/ long
down/ down/ bottom/ short

mystiq
650 posts
msg #74807
Ignore mystiq
5/28/2009 7:50:01 PM

price action for PUTS---??
??
high 1 day ago > high 2 days ago
high 1 day ago > high 3 days ago
low 1 day ago > low 2 days ago
low 1 day ago > low 3 days ago
close < close 1 day ago
optionable
volume > 5000000
close > 2
rb@ > .25

mystiq
650 posts
msg #74905
Ignore mystiq
6/1/2009 7:39:24 PM

TRO --could you possibly walk thru a daily example of "all you need to look at is price action" method? i read all your posts and would love to see a charted one day example of say...IBM or any stock. thx 4 any kind of examples and if they are already posted, please POP to top. (-.-)

mystiq
650 posts
msg #74918
Ignore mystiq
6/2/2009 2:11:47 AM

TRO - would it be fair to assume price action is determined by looking at the previous 5 Highs & Lows? so you basically need 5 price points to determine price direction? I am not including closing trading range or volume to simplify explanations. Thanks for any feedback- mystiq

mystiq
650 posts
msg #75228
Ignore mystiq
6/10/2009 8:39:11 AM

TRO or *anybody*, is this true according to your rules: for price action

set{pau1,count(high > high 1 day ago, 1)}
set{pau2,count(low > low 1 day ago, 1)}
set{pau, pau1 + pau2}
set{pad1,count(high < high 1 day ago,1)}
set{pad2,count(low < low 1 day ago, 1)}
set{pad, pad1 + pad2}

pad = 2 ; price action going down
pau = 2 ; price action going up

?? - thx for any feedback

chetron
2,817 posts
msg #75247
Ignore chetron
modified
6/10/2009 6:44:24 PM

CLICKABLE.....


Fetcher[
set{pau1,count(high > high 1 day ago, 1)}
set{pau2,count(low > low 1 day ago, 1)}
set{pau, pau1 + pau2}
set{pad1,count(high < high 1 day ago,1)}
set{pad2,count(low < low 1 day ago, 1)}
set{pad, pad1 + pad2}


ADD COLUMN PAD
ADD COLUMN PAU

DRAW PAD ON PLOT PAU

SORT COLUMN 5 DESCENDING

/* pad = 2 ; price action going down */

/* pau = 2 ; price action going up */

]



mystiq
650 posts
msg #75266
Ignore mystiq
modified
6/11/2009 1:31:08 AM

updated (-.-)

set{pau1,count(high > high 1 day ago, 2)}
set{pau2,count(low > low 1 day ago, 2)}
set{pau, pau1 + pau2}
set{pad1,count(high < high 1 day ago,2)}
set{pad2,count(low < low 1 day ago, 2)}
set{pad, pad1 + pad2}


pau/pad = 4; price action phase: TRENDING
pau/pad = 0; price action phase: RANGING
pau/pad = 1 OR 2 OR 3; price action phase: BIAS CHANGE

mystiq
650 posts
msg #75267
Ignore mystiq
6/11/2009 4:23:14 AM

TRO- can you help with this question: To find the price action direction on friday for example, do I use wednesdays high greater than tuesdays high....or thursdays high greater than wednesdays high?
...And wednesdays low greater than tuesdays low or thursdays low greater than wednesdays low.
*for higher highs and higher lows* Thx


StockFetcher Forums · General Discussion · Price Action Trading Method<< 1 2 3 4 >>Post Follow-up

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