Sqwii
160 posts
msg #67680
- Ignore Sqwii |
9/23/2008 5:30:16 PM
Ah I feel that I am getting it.. then this filter is really amazing if its like I understand now...
1. I bought SCA today at 1.67.. but I bought too earli I saw.. so maybe best to wait JUST before markets close to buy? Am I right ?
2. SCA has a 33 gt10% that means that the stock have been popping maybe more than once a week and last time it popped is 3 days ago. The smaller number on lastpop means that it is soon going to pop again right?
3. If the gt10% is high there is high probility that the stock is going to pop tomorrow or thursday. And when RSI is below 25 it indicates that it is soon going to POP?
4. Would it be better to take RSI(2) below 10 and then take the stocks which are more oversold? Or it dosent really matter if its just below 25 ?
I hope you are right TRO.. now I bought SCA and hope for a POP in the next comming days....if it pops should you sell at the open or close of the day ?
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StJoe
91 posts
msg #67683
- Ignore StJoe
modified |
9/23/2008 7:42:58 PM
Again, I SURE hope SCA pops as I bought at Mondays open for $2.19. :)
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TheRumpledOne
6,411 posts
msg #67684
- Ignore TheRumpledOne |
9/23/2008 7:50:14 PM
Sqwii
Ah I feel that I am getting it.. then this filter is really amazing if its like I understand now...
1. I bought SCA today at 1.67.. but I bought too earli I saw.. so maybe best to wait JUST before markets close to buy? Am I right ?
2. SCA has a 33 gt10% that means that the stock have been popping maybe more than once a week and last time it popped is 3 days ago. The smaller number on lastpop means that it is soon going to pop again right?
3. If the gt10% is high there is high probility that the stock is going to pop tomorrow or thursday. And when RSI is below 25 it indicates that it is soon going to POP?
4. Would it be better to take RSI(2) below 10 and then take the stocks which are more oversold? Or it dosent really matter if its just below 25 ?
I hope you are right TRO.. now I bought SCA and hope for a POP in the next comming days....if it pops should you sell at the open or close of the day ?
====================================================
1. Timing is everything. I use 30 minute candles. Don't go long if candle is RED.
2. NO. It may NEVER pop again! This is trading. ANYTHING CAN HAPPEN!
3. NO. This is STATISTICS not PROBABILITY. Statistics deal with the past. Probability deals with the future. It's just that stocks usually perform close to their statistics.
4. RSI doesn't really have anything to do with this. It's just an indicator. All that matters is price.
I am not "right", I am profitable.
IF IT POPS, TAKE WHAT YOU CAN WHEN YOU CAN BEFORE THE MARKET TAKES IT ALL BACK AND THEN SOME!!
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TheRumpledOne
6,411 posts
msg #67685
- Ignore TheRumpledOne |
9/23/2008 7:50:57 PM
StJoe
modified 9/23/2008 7:42:58 PM
Again, I SURE hope SCA pops as I bought at Mondays open for $2.19. :)
==========================================================
If you are HOPING then you are NOT TRADING.
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Sqwii
160 posts
msg #67693
- Ignore Sqwii |
9/24/2008 3:47:43 AM
Hi TRO
I see that you are right...
But where do you get these 30-minutes candles chart ? I can't find any sites? Stockcharts doesent work about that.
So if SCA was "GREEN" tomorrow and popped 10%, then I would go LONG after it have been popping ? I just dont really get this because then I did not come at the pop. But maybe it would gain some more if its a green candle at open..?
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johnpaulca
12,036 posts
msg #67699
- Ignore johnpaulca |
9/24/2008 8:53:17 AM
Sqwii.....it's free on thinkorswim.com
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TheRumpledOne
6,411 posts
msg #67700
- Ignore TheRumpledOne |
9/24/2008 9:14:02 AM
Sqwii
Hi TRO
I see that you are right...
But where do you get these 30-minutes candles chart ? I can't find any sites? Stockcharts doesent work about that.
So if SCA was "GREEN" tomorrow and popped 10%, then I would go LONG after it have been popping ? I just dont really get this because then I did not come at the pop. But maybe it would gain some more if its a green candle at open..?
==================================================================
It's not wise to enter AFTER the POP.
I don't think you "get it" or "see it".
I suggest that you DO NOT trade this method.
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curinator
5 posts
msg #67840
- Ignore curinator |
9/29/2008 12:54:30 AM
Tro,
Perhaps this was already posted within this thread somewhere, but I looked at every page (perhaps in not enough detail) looking for a "greed for shorts", not just for longs. Where it'd show how often x stock would go down from the open 1,2,3,4,5% etc from the last 100 days. If you could post another greed statistics filter for us shorters, that'd be great.
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chetron
2,817 posts
msg #67843
- Ignore chetron
modified |
9/29/2008 6:49:28 AM
is this it, TRO?
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curinator
5 posts
msg #67865
- Ignore curinator |
9/29/2008 1:18:41 PM
I did see that chet, here is the actual long filter that I wanted as a "short" version. Note I did change some of the criteria to my liking to pick the stocks, but you get the idea. I wanted a short version for 1,2,3,4,5% and what not.....
/* TRO STAT SCAN - GREED */
set{CCb,days(close is above close 1 day ago,100)}
set{CCa,days(close is below close 1 day ago,100)}
set{ClxCl , CCa - CCb}
add column ClxCl
set{volcnt, count(volume above 1000000, 100) }
set{volzero, count(volume equal 0, 100) }
/* Long Profit Percent Statistics Display */
set{HiOp, high - open}
set{Long_Profit, HiOp/open }
set{B1A, count(Long_Profit > .01 , 100)}
set{B2A, count(Long_Profit > .02 , 100)}
set{B3A, count(Long_Profit > .03 , 100)}
set{B4A, count(Long_Profit > .04, 100)}
set{B5A, count(Long_Profit > .05, 100)}
set{B10A, count(Long_Profit > .10 , 100)}
set{B20A, count(Long_Profit > .20 , 100)}
set{B50A, count(Long_Profit > .50, 100)}
add column HiOp
add column Long_Profit {ProfitPct}
and add column B1A {OVER1PCT}
and add column B2A {OVER2PCT}
and add column B3A {OVER3PCT}
and add column B4A {OVER4PCT}
and add column B5A {OVER5PCT}
and add column B10A {OVER10PCT}
and add column B20A {OVER20PCT}
and add column B50A {OVER50PCT}
and add column separator
and add column volcnt
and add column volzero
close is between 2 and 500
average volume(90) above 500000
price is above ma(50)
sort column 9 descending
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