four
5,087 posts
msg #95995
- Ignore four |
9/3/2010 3:22:30 PM
You want to buy when the high is below the dma and there is an stochastics crossover.
works every time..too easy!
-----------Glad you like it and found a way to make it yours------------------------------
2 questions:
exit (profit) strategy is... ??
stoploss strategy... ??
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push5280
201 posts
msg #95997
- Ignore push5280 |
9/3/2010 4:09:20 PM
exit when low(entire candle) is above dma or bearish crossover on the ss occurs.
I haven't really come up with a stop loss yet
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fortyfour
189 posts
msg #95999
- Ignore fortyfour |
9/3/2010 5:49:09 PM
Hi push and four.....I would also like to participate in this thread....paper trade or real money ?
To each his own... I dont have anything to add to this discussion but find that threads with people attempting to "stay the course" with a simple stategy to be the most interesting here.
The method may have a chance of working if we dont over think it .
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push5280
201 posts
msg #96045
- Ignore push5280 |
9/6/2010 9:14:39 PM
looks like faz should be ready to change directions tues or weds and the move should be big. Fridays close was about $2 below the dma and the slow stoch is buried.
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four
5,087 posts
msg #96046
- Ignore four
modified |
9/6/2010 11:11:21 PM
buy=14.15, goal .40, 9/7/10
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push5280
201 posts
msg #96053
- Ignore push5280 |
9/7/2010 9:48:48 AM
four,
FAZ looking good so far, how did you determine your entry and exit? I feel 14.15 was too generous and that .40 exit may leave alot on the table. just curious
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four
5,087 posts
msg #96054
- Ignore four
modified |
9/7/2010 11:56:31 AM
FAZ looking good so far, how did you determine your entry and exit? I feel 14.15 was too generous and that .40 exit may leave alot on the table. just curious
---------
hp722c
14.15 = high + .03 , looking to keep false entries to a minimum. Some might like to DCA into a full position, I don't usually.
.40 = roughly .40 * atr(10). At 100 shares you at least make a few bucks. Volatility says that the 40% should occur statistically.
"leave a lot on the table" = Are you day trading or looking medium to long? I entered for a day trade. For a longer trade, I need the low to stay above yesterday's low (The high is already above yesterday's high -- as of 11:57 AM ).
-- update 10:34pm , 9/7/10: low above yesterday and high above yesterday... still in (if longer than day trade)
HTH
Here is the revised filter with the ATR calculation
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push5280
201 posts
msg #96056
- Ignore push5280 |
9/7/2010 12:46:09 PM
TZA slow stoch about to cross and about $1.50 from away from DMA. Looks like a buy to me currently $32.14
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push5280
201 posts
msg #96057
- Ignore push5280 |
9/7/2010 12:47:17 PM
DRV SS crossed and about $1.20 from DMA looks like a buy also $23.70
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fortyfour
189 posts
msg #96060
- Ignore fortyfour
modified |
9/7/2010 3:27:15 PM
I cant watch the market intra-day. I use day bars.
I have a limit order in for TZA at 32.20......can not bring myself to chase it this late in the day....
If filled in a day or two I would view failure/ or stop to be a little below yesterdays low.
Good luck...
I too am looking to measure extreme moves of price below DMA and equate them to the average day range.
Ma(2) is used as a proxy for price.
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