chetron
2,817 posts
msg #70578
- Ignore chetron
modified |
1/11/2009 4:17:55 PM
INTERESTING.....
YOU DON'T NEED TO WAIT TILL 9:30 FOR THE OPEN TO SET UP YOUR SAVED ORDERS. YOU NOW KNOW THE DAY BEFORE.
I WAS THINKING OF USING THE THE PREVIIOUS CLOSE, INSTEAD OF THE OPEN.
CLOSE - 1 + .10
CLOSE - 1 -.10
THE STATS LOOK GOOD
IT ALSO REINFORCES THE FADE THE GAP METHEOD
IT ALSO REINFORCES THE WAIT FOR GREEN METHEOD
CAN'T PLAY TILL THE GAP IS FILLED IS BUILT-IN
DOWNSIDE YOU COULD BE GIVING UP THE OPEN TO CLOSE 1 DAY AGO DIFFERIENTIAL, BUT I LIKE THE STATS.
SAME METHEOD, DIFFERENT HORIZONTAL LINE.
OR EVEN...................
and...........................
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johnpaulca
12,036 posts
msg #70580
- Ignore johnpaulca |
1/11/2009 4:40:16 PM
Thanks Chet...great work as usual. I added my BBands and RSI(2) to find stocks with some momo, it spewed some decent selection.
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chetron
2,817 posts
msg #70583
- Ignore chetron |
1/11/2009 5:39:20 PM
YOU'RE WELCOME AND THANX, JP
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TheRumpledOne
6,407 posts
msg #70584
- Ignore TheRumpledOne |
1/11/2009 5:53:50 PM
What are the short and long entry triggers?
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chetron
2,817 posts
msg #70585
- Ignore chetron
modified |
1/11/2009 5:58:21 PM
CLOSE 1 DAY AGO + .10 = LONG
CLOSE 1 DAY AGO - .10 = SHORT
YOUR AAPL CHART FOR 1/8/09 IN THE NEVER LOSE AGAIN THREAD ON PAGE 44 LOOKS JUST RIGHT FOR THIS.
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acfncp3
59 posts
msg #70589
- Ignore acfncp3 |
1/11/2009 8:39:56 PM
I'm sorry I'm not sure I understand this filter. It gave over 1000 resulting stocks. I know I'm probably way behind work that was done before but could you explain briefly how to actual use the report that this filter generates and why it works so well. Hope I'm not being a nuisance .. I really am impressed by the quality of all the work done in this forum.
Topend
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chetron
2,817 posts
msg #70593
- Ignore chetron |
1/12/2009 6:52:58 AM
this reports the stats on equities that have had at least a .10 difference or more over the last 100 days, 51 percent of the time. this is tro's orginal mtc selector report found in the milk the cow thread. i only changed the point of reference. he used the open. i am using the previous close. he has been explaining this metheod in the never lose again thread.
hth
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chetron
2,817 posts
msg #70624
- Ignore chetron |
1/12/2009 8:01:46 PM
also people who like to buy the close and sell the open, should like this filter.
tro's /* gap fill statistics buy close, sell open*/ report fights to produce equities breaking 66 % just to fill some kind of gap.
chetron's new and improved milk the cow filter can also be used to buy the close and sell the high. : )
the new and improved filter produces equities that produces equities with hits breaking 80 % for .50 and better.
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chetron
2,817 posts
msg #70631
- Ignore chetron
modified |
1/13/2009 6:59:27 AM
maybe...
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chetron
2,817 posts
msg #70677
- Ignore chetron
modified |
1/14/2009 6:55:50 AM
Eman93
- Ignore Eman93 1/13/2009 10:29:43 PM
I have no statistics to back this up but, what I have observed in watching cow stocks.
You seem to have a higher probability of a reversal if price moves above (long) the halfway price point of the previous candle, (candle before the last red bottom candle), on a 5 min chart.
it seems to be a mini resistance point.
What the probabilities are I have no way of calculating.
Also from TRO even dollar and 0.25 dollar points tend to be support and resistance.
*********************************************
THESE MAY BE GOOD STOCKS TO LOOK AT...
any horizontal line in a storm : )
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