posted
Most of my picks will be coming from premarket hour versus the prior days low, high or close.
This will be a percentage difference from the premarket hour data versus the data from the prior day.
Example: If a stocks low was $10 yesterday, and the premarket hours for today was 10% lower. Something has happened to that stock.
The following are different scans that I can do. 1). Consolidation breakout scans, using the Bollinger band.
2). Resistance breakout and support breakdowns.
3). "V" thrust scans. This is when the stock is moving in a up-trend, then it pulls back for three to seven days and then starts back up forming a "V".
4) cross over moving averages with correlation indicator for better signals.
5). Bollinger band breakout reversal signals. Formula = (C-BBandBot(C ,15,S ,1.5))/(BBandTop(C ,15 ,S ,1.5)-BBandBot(C ,15 ,S ,1.5 ))=1.05 AND MFI(14)=50 AND ( BBandTop(C ,20,S, 2)- BBandBot(C ,20 ,S ,2))/Mov(C,20,S)=.08 This will be a reversal to the upside.
The above formulas are just a few that I use from time to time.
-Just a basic outline of how I select picks. Chuck
Posts: 330 | Registered: Nov 2007
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posted
This is a great idea for a thread chuck....keep up the good work and research! I hope you stay at allstocks for a while! Your contributions are apprecitated!
Posts: 2321 | Registered: Aug 2006
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posted
I'll be watching this thread and try to learn some things from you. I need to stay in the big board stocks; lost too much on pennies in the past.
quote:Originally posted by Jo4321: I'll be watching this thread and try to learn some things from you. I need to stay in the big board stocks; lost too much on pennies in the past.
Jo
Joe you can still make 100's of percent a year on the big board stocks! If you would have bought AAPL, GOOG, RIMM, GRMN, BIDU, or FSLR every time their RSI hit 30, Or other indictors showed they were oversold, you could have made 100's of percent return every year. especially if you use margin. With these great stocks, the charts never lie...they move right with the DOW!
Posts: 2321 | Registered: Aug 2006
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posted
Been working on the-- V --- formula this weekend. Did some back testing, and it was looking pretty good. Then I started having some problems.
This particular formula would be in an uptrend, then it retraces for three to seven days before starting back up. In doing so it forms a --- V -- pattern.
This formula works pretty good, but on a very short-term basis. Less say one to three days.
Posts: 330 | Registered: Nov 2007
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posted
dell, it would appear that dell has a confirmed break down below 25.90 or around that area. With no real support below, except maybe for around 23.70.
We'll be keeping an eye on it this morning for a pop up. chuck Posts: 330 | Registered: Nov 2007
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Dell, did not pull back as much as I anticipated it to do. But the ride down was still very nice. chuck Posts: 330 | Registered: Nov 2007
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posted
Following is a chart on Dell. Notice the ---Dogi indicator right before the stock broke down. This is a very powerful down signal in candlestick charting.
Also look at the falling window indicator time to go in with a short. After one has went in for a short. It depends on the individual when he or she wants to come out. There were no cover signals until later on in the chart.
posted
The following is for the above chart. -------------------------------------
The following would be a walk-through on how this stock should have been traded.
The following are the indicators I used on this chart. 1).A moving average expotential band represented by a big blue line and a big red line.
2). The Bollinger band represented by three small red lines.
3). The candlestick charting indicators.
The first candlestick pattern is a bullish hmrami cross. This particular is a buy signal. But one would not buy for this reason, it did not cross the Bollinger bands 20 day moving average and close above it, also it did not move up to or beyond the blue line moving average.
The second candlestick pattern is a ingulping bear pattern. This is a sell signal to the downside. Reason being, it close lower than the previous bar. It's high did not break the 20 day moving average of the Bollinger band and it also hit the big red line.
The third pattern was a ingulping bull pattern , which is a buy signal. But on further examination. I found out it to be a false signal. Reason being, it did go through the big red line, but did not penetrate the big blue line, which is your moving average band.
The fourth signal came with a--DOJI--star, which is a major downward move with this particular setup, at that point, one should be safe on this complete down pattern . There is a couple more down candlestick formations, but I will not go through them.
The final pattern came as a ingulping bull pattern, which is a buy signal. But this pattern is different from the other bull gulping patterns. It cross above the 20 day Bollinger band moving average and it also cross the blue line. Just to be safe, one would look at the next five min-bar to make sure it close higher than the one that had the ingulping pattern. chuck Posts: 330 | Registered: Nov 2007
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posted
Another followed through, disregard the readings at the bottom of the chart. Example 2 p.m. 3 p.m. 9 a.m., they mean nothing. I sure hope that's all it. chuck
Posts: 330 | Registered: Nov 2007
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posted
Went back after ---Pay--- this morning. Looking for low around 23:95 through 23:44. ------------------------------------------------ In regards to possible legal issues, be advised:
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. -------------------------------------------------------------------------------- ------------
posted
Steel tracking. So far, the low has been 24.05 wondering whether the market being up this morning is keeping the stock up? chuck Posts: 330 | Registered: Nov 2007
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posted
Have anyone you guys been tracking ---PAY--- has seen a lot of moves down before, but nothing like this. chuck
Posts: 330 | Registered: Nov 2007
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posted
ive been watching. this stock is so incredibly oversold right now but somehow keeps falling... it is so overdue for a bounce but im scared to catch a falling knife. should be a good bounce imo. financials get released today according to etrade. should be interesting....
posted
ok convinced myself that buying will ensue after fin. are released.
in at 20.85. stop * 20 even. this is going to bounce. i just dont want it to bounce next week after i have lost 25% of my principal.... *crossing fingers tightly*
Good luck, the reason behind this. It just broke through a 21.18 support line, which now becomes the resistance line. -------------------------------------------- In regards to possible legal issues, be advised:
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. -------------------------------------------------------------------------------- ------------
posted
Geez ace, where'd that come from? First of all he was looking for under $24 yesterday at the open, obviously didn't play it, and then just said he's watching it but isn't in.
You know that people have different trading styles. Some people play charts, and DD is irrelevant. Tell me you've never seen a Q stock boucne hundreds of percent. "DD" tells you to stay the hell away from it, but maybe something in the chart signalled a buy, and you made a few bags. What's wrong with that?
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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I do not give exit or entry points in stocks. Reason for this, legal issues that can arise. Although I did do it one time, but that will not happen again.
The following is my--- disclaimer --- I try to put it on every thread I post. ------------------------------------------------- In regards to possible legal issues, be advised:
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. -------------------------------------------------------------------------------- ------------
Posts: 330 | Registered: Nov 2007
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