TheRumpledOne 6,411 posts msg #66588 - Ignore TheRumpledOne modified |
8/23/2008 12:12:45 PM
I know that there are some of you that can't or don't daytrade. You want to enter a trade and ride it for more than a day.
The TRO STAT SCAN for SWING TRADERS shows which stocks move the most STATISTICALLY during the week.
The reason you can only use this on Saturday and Sunday ( or late Friday night and before the market open on Monday ) is because that is the only time the weekly numbers work properly.
column halfpct is the number of times the weekly high minus the weekly open is over 0.5% for the last 52 weeks.
column onepct is the number of times the weekly high minus the weekly open is over 1% for the last 52 weeks.
column twopct is the number of times the weekly high minus the weekly open is over 2% for the last 52 weeks.
column fivepct is the number of times the weekly high minus the weekly open is over 5% for the last 52 weeks.
column ziphi is the number of times the weekly high minus the weekly open is less than 10 cents for the last 52 weeks.
column wkProfitPct is the most recents weeks profit percent: 100 * ( weekly high minus the weekly open ) / weekly open.
What this tells me is that you can buy at Monday's open, set a take profit of 1% and grow your account week after week. Of course, you can make more if you want to take a more active role in trading.
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TheRumpledOne 6,411 posts msg #66592 - Ignore TheRumpledOne modified |
8/23/2008 1:10:58 PM
Remember, these statistics are computed over 52 weeks instead of 100 days, so a 50 in the onepct column means that 50 out of 52 weeks it made one percent.
Can you say "LOCK TRADE"?
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TheRumpledOne 6,411 posts msg #66609 - Ignore TheRumpledOne modified |
8/24/2008 2:46:42 PM
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TheRumpledOne 6,411 posts msg #66645 - Ignore TheRumpledOne |
8/25/2008 3:56:10 PM
Could be used as an alert to HOT stocks.
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billrider321 70 posts msg #66662 - Ignore billrider321 |
8/25/2008 9:18:50 PM
thanks for u r input what do u do for stops
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TheRumpledOne 6,411 posts msg #66663 - Ignore TheRumpledOne modified |
8/25/2008 10:16:02 PM
STOPS ARE FOR SISSIES!
Seriously, look at the chart and place your stop a few pennies under support for longs and a few pennies over resistance for shorts.
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jimichelssf 12 posts msg #66681 - Ignore jimichelssf |
8/26/2008 10:42:30 AM
TRO....
Thanks for the Stat Scan for Swing Traders...more my speed.
Would the Weekly RSI(2) have a similar role in the weekly scenario as the RSI(2) does in the daily?
IE: Weekly RSI(2) below 1 might mean a price surge in the next week or two?
Thanks again!
James
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TheRumpledOne 6,411 posts msg #66690 - Ignore TheRumpledOne |
8/26/2008 4:22:13 PM
Yes to the weekly rsi(2) question.
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TheRumpledOne 6,411 posts msg #66691 - Ignore TheRumpledOne modified |
8/26/2008 4:24:44 PM
Let's see how the list is doing.
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TheRumpledOne 6,411 posts msg #66695 - Ignore TheRumpledOne modified |
8/26/2008 5:08:13 PM
Shows stocks that went up 10% or more today.
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