bottomfeeder, had you confused with Bigfoot. Will ask you the same question. Did you get in on the Second 5min bar?. chuck Posts: 330 | Registered: Nov 2007
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Weazel, modified the scholastic oscillator to work with the gap down signal. As a point of entry.will give you a chart so you can see where the point of entry comes into play and how long it stays in play.
This has always been my Achilles' heel, where to go in. I realize it will not be perfect all the time, but it will get me in the ballpark a great deal better than what I have been doing.
It still needs to be back tested. Just wanted you to take a look at it
What you will see is a red line going perpendicular, which will be your entry point and then it will start going sideways and then it will move down. This will be your exit point.
look at the second entry and exit point.profit was made on this one also.
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Weazel, that is how it should work. But I need a great deal of back testing before becoming comfortable with it.
If it does work,look out. We're going to town with a wheel barrow full and that is not a wheel barrow of . chuck Posts: 330 | Registered: Nov 2007
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cc back on the krap track... after some wishy washy moves. cant short it now of course...... all my holdings today are shorted.. and its a good day to be short.
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Weazel, whent in on a short at 12.89. That was after the pullback. Will give you a chart and you can see why I did this. You remember the scholastic oscillators, tweaking I was doing. It paid off on this one.
I went in on the third vertical line going from left to right. The next vertical line will be a cover signal,but I did not come out, reason being I was still under the big red line, which was my eight EMA lower band. came out at the Green or blue arrow .
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Nice job!!!! I like how you wait for the confirmation and don't just jump in...
Thanks for the chart! Looks like that new vertical red line thing is working great!
Posts: 1075 | From: weeeeeeee | Registered: Sep 2007
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Weazel,I was very nervous yesterday when I did use the Scholastic indicator that I readjusted or the red line. I still think I have a long way to go before I will really trust it.
I was just wondering, does it help to give people the charts, when I am explaining what I am doing. Than rather just talk about it?
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ACE, sorry I have not gotten back to you sooner. I look back at my records and can not find the site that you were questioning about. chuck Posts: 330 | Registered: Nov 2007
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The above information is not a recommendation from myself to others to buy or sell, nor does it provide to other individuals a recommended timeframe for the entry,exit for a stock transaction.
Any individual can use the information as they so choose, but in doing so, that individual accepts full responsibility for results from the use of the information.
I, Chuck, can accept no responsibility or liability for any other person's use of the information for their personal trading. -------------------------------------------------------------------------------- ------------ chuck Posts: 330 | Registered: Nov 2007
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INTC --- could not get a handle on this one,thought maybe it might be best to just leave it a long. chuck Posts: 330 | Registered: Nov 2007
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As it turned out, --- INTC ---was a very good short. I just could not get a good handle on it. chuck Posts: 330 | Registered: Nov 2007
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quote:Originally posted by chuck9: Weazel,I was very nervous yesterday when I did use the Scholastic indicator that I readjusted or the red line. I still think I have a long way to go before I will really trust it.
I was just wondering, does it help to give people the charts, when I am explaining what I am doing. Than rather just talk about it?
Thanks for the complement.
chuck
Chuck,
Yes the charts do help a lot... INTC really didn't do much today except gap-down..lol
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Muney, wish I could help you about the tax question.T he way I trade, it really does not make any difference. I am in and out so fast that has really no effect on the way I trade. I'm sure that swing trading and longer-term held positions should pay heed to it.
Weazel, You are correct about shorting all the way down to the bone. My best trading coms during quarterly reports, and when the market is seesawing back-and-forth. So let the force be with you guys, and hopefully we will all have a great week. Posts: 330 | Registered: Nov 2007
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are any of you guys tracking this symbol? -- NUAN --. I cannot find anything wrong with it. So I have to assume it is following the market.
Posts: 330 | Registered: Nov 2007
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Had nuan in my site this morning, was ready to go in. Then the Internet went down, started to call Ameritrade to put in a order. But with the Internet down and my charts were not accessible, decided to stay out. chuck
Posts: 330 | Registered: Nov 2007
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posted
concerning post 281 ---- this is a follow-up on MOT.
was a great short for anyone that took advantage of it.
Following is a chart of entry and exit points. Entry point look at the perpendicular orange line. You also see a red arrow. The exit point is a perpendicular blue line. You also you see a blue or green arrow.
this happened the other day when the stock broke down.
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I don't think I have , but I will . Thanks for the info. ![[Good Luck]](graemlins/goodluck.gif)
this week.
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