AntNet
36 posts
msg #26559
- Ignore AntNet |
5/20/2003 9:33:59 AM
With Muddy's (Wallman) kind approval and authorization, and the OK from the SF staff, I'm happy to announce that the "Wallman BB method" is now available to SF subscribers in a clean and easy to read word doc that I summarized and edited from the many posts to this forum. This is my way to say thank you and pass on the help given to me.
I'd like to thank Mr. Wallman for his unselfish kindness by sharing and helping me and others with the method. Also, a lot of credit has to be given to the folks at SF who make it possible.
SF subscribers that would like a copy, please contact me directly rather than tying up the forum with requests. Send me an e-mail: blbant (at) hotmail (dot) com, and I'll forward a copy to you. (I'm sure you can figure out the address written to avoid SPAM BOTS that might be lurking.)
Good Trading,
Bert
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no4j
45 posts
msg #26574
- Ignore no4j |
5/22/2003 4:49:24 AM
Been thinking. The criteria for the days candle is: AND PRICE TOUCHED LOWER BOLLINGER BAND(20). If we want to include stocks that really went way down, why not use: AND LOW IS BELOW LOWER BOLLINGER BAND(20). This would include stocks whose entire candle was below the LBB and did not even touch it. There aren't a lot of those, but they can be good ones and they are being missed by this filter.
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no4j
45 posts
msg #26575
- Ignore no4j |
5/22/2003 5:20:24 AM
Been thinking more. You can also make sure the last 3 days were red candles by adding the following criteria: close 2 days ago was under open 2 days ago and close 1 day ago was under open 1 day ago and close was under open.
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no4j
45 posts
msg #26576
- Ignore no4j |
5/22/2003 5:43:18 AM
Been thinking more. You can also make sure the last 3 days were red candles by adding the following criteria: close 2 days ago was under open 2 days ago and close 1 day ago was under open 1 day ago and close was under open.
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wallman
299 posts
msg #26580
- Ignore wallman |
5/22/2003 10:45:16 PM
HI NO4j, your second point about making sure that the three last days are red candles is well taken,but anyone keeping a journal of stocks which have worked out well with this method should ALWAYS run the original filter to look for any on your "good list", as an unchanged day will show a black volume bar, but IMO a stong performing stock in the past with the bb method should overide an unchanged day and be watched for green at the next open, MUDDY
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dabonenose
26 posts
msg #26611
- Ignore dabonenose |
5/25/2003 8:02:24 PM
Well Muddy, I have not had a losing trade using your system. Thank you for sharing.
I have found an interesting variation though. I also run a canned filter created by Fetcher staff that traces out potential double bottoms and some of "Your System Stocks", show up in that filter as well.
The stocks that I find pass both filters have a somewhat larger percentage move.
I also have not had a losing trade with them as well.
To be honest, I have not had alosing trade with any stocks I've chosen through SF to date, and it really turned my portfolio around.
Besides your system and potential double bottom screens, I've had excellent results with "bottom channeling, near lower BB for 45,60,90 day channels as well.
Dab
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ray_reeves
5 posts
msg #26637
- Ignore ray_reeves |
5/27/2003 8:43:32 PM
Muddy,
I have noticed a number of stocks from your screen that are trade candidates except that they open red, maybe gap even down a ways, then turn around and move up into green and just keep going. DPH today (5/27/03) is an example. Will you consider going long on stocks like this and if so, what is the entry trigger. Thanks for the help.
Ray
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wallman
299 posts
msg #26639
- Ignore wallman |
5/27/2003 9:28:21 PM
HI RAY,i will always look for failures from the past day or 2,i feel these are VERY strong canidates,as i feel the odds are in our favor for a turnaround,in the case of DPH not only was it a failure from 5-21 but it was a match from 5-23 giving me extra cause to watch it,it had a tail and volume increase so all i needed was to see green at open today,again all i want to see is green today at open,i don't care how far they have fallen since their failure,actually the farther the better as all they have to do is to get back to that price they were on the original filter and you've made a nice,quick gain in most cases.....any other ?'s,just ask......MUDDY
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rsingh
51 posts
msg #26648
- Ignore rsingh |
5/29/2003 9:12:18 AM
Hey Muddy,
Out of the list from yesterday, TSO, APWRE and TMM have issues such as downgrade to sell, issues with Chapter 11, CFO resigning. Should we as investors
look to buy these stocks as per your filter or my personal opinion is that we should stay away from these stocks, there always be another day.
What do you say?
Thanks,
Ravi
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rsingh
51 posts
msg #26649
- Ignore rsingh |
5/29/2003 9:24:52 AM
Hey Muddy,
Out of the list from yesterday, TSO, APWRE and TMM have issues such as downgrade to sell, issues with Chapter 11, CFO resigning. Should we as investors
look to buy these stocks as per your filter or my personal opinion is that we should stay away from these stocks, there always be another day.
What do you say?
Thanks,
Ravi
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