ron22
255 posts
msg #138010
- Ignore ron22 |
9/6/2017 10:41:55 PM
13th_floor
724 posts
13th,
In #3 below you said that you often trade off the open if stock goes green to red or red to green. What do you do if stock opens above previous close and stays above previous close? Would it be okay to buy stock that has only run up 1-2% if it has ADR(30) of 8-9%? I appreciate your thoughts. Ron(another newbie).
msg #62384
- Ignore 13th_floor
5/8/2008 10:26:37 PM
Hi Max
1. When I do use time frame bars I use 5 min bars in conjunction with the sma 10 min/sma 60 min cross.
To see an example of this with FTWR please go to the thread "post your live trades here" page 95.
2. No I do not wait for the close of the bar because in 5 mins some of these can move 3%+ in that time.
3.I often trade right off the open if a stock goes green to red or red to green.
The time of day is irrelevant to me.
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ron22
255 posts
msg #138022
- Ignore ron22 |
9/7/2017 2:32:20 PM
13th, my prior post may not be clear. Sorry! I would like to know what you do if a stock goes up at the open and does not trade below the open. Does it make sense to trade it long even though it is not going from red to green? Thank you.
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shillllihs
6,101 posts
msg #138023
- Ignore shillllihs |
9/7/2017 2:44:56 PM
13th hasn't been here since the great crash of 08. He and many like him have disappeared at this time perhaps going BK. or as I'd rather hope, retired on his own private Island known as 13th Paradise.
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Mactheriverrat
3,173 posts
msg #138028
- Ignore Mactheriverrat |
9/7/2017 3:56:39 PM
13th_floor was last known to be connected with InvestorsUnderground. His idea on the Deadly Combo still works using higher ADR(30) ranges. One might read up on his old posts on the blog GREENONTHESCREEN
GREEN ON THE SCREEN BLOG.
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ron22
255 posts
msg #138040
- Ignore ron22 |
9/8/2017 8:08:53 AM
Mac & shillihus thank you both for your replies.
Mac, Do you recommend filtering by ADR(10) and then sorting by ADR(30) or just not using ADR(10) in the filter?
Also, do you always wait for red to green or sometimes is it okay to enter on green to green with a volume spike? I cannot trade green to red in my IRA. Thanks for your help.
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pthomas215
1,251 posts
msg #138045
- Ignore pthomas215 |
9/8/2017 10:16:47 AM
MAC...indeed....that filter is pretty ridiculous. I put a high adr and 'volume > volume 1 day ago'. pulled up NLNK, which opened today at 13.97 and within the first hour hit 19. it's a good filter.
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Mactheriverrat
3,173 posts
msg #138051
- Ignore Mactheriverrat
modified |
9/8/2017 11:58:28 AM
@pthomas215 Great catch on NLNK
Sort by ADR(30) is the best IMHO
add this code might be helpful and you can change it to your liking.
Low market caps have been known to be runner's by past price action.
-------
and Average Day Range(30) is above 4.00
add column market cap
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pthomas215
1,251 posts
msg #138053
- Ignore pthomas215 |
9/8/2017 1:01:59 PM
Thank you Mac.
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ron22
255 posts
msg #138062
- Ignore ron22 |
9/8/2017 4:40:42 PM
Mac, thank you very much.
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shillllihs
6,101 posts
msg #138071
- Ignore shillllihs
modified |
9/8/2017 10:11:48 PM
I've always heard of this mythical Muddy but didn't know what all the fuss was about.
I looked at his site and I gotta say he was a groovy dude. I think the bottom filter is pretty straight,
Catches some etf runners. Ugaz is on that list right now.
I added etf and my twist thinks it's great for shorting inverse ETFs, in other words, if Ugaz pops, short Dgaz at any point below its opening day candle, for a long term run, but not too sure of my exit.
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