StockFetcher Forums · Filter Exchange · Best strategy!<< 1 2 3 4 >>Post Follow-up
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 ?


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.

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


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


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?


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

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

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

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

11,740 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.

11,740 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

6,362 posts
msg #68058
Ignore TheRumpledOne
10/4/2008 6:12:29 PM

Some of that code sure looks familiar!!

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


StockFetcher Forums · Filter Exchange · Best strategy!<< 1 2 3 4 >>Post Follow-up

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