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General Discussion · What simple searches produce the best results, that are back-tested?
Noahedwinbeach2
msg #26450
5/8/2003 7:48:14 PM

that di works very well. Thanks for telling me.


General Discussion · Just Buy It!
Noahedwinbeach2
msg #26449
5/8/2003 7:47:35 PM

No that is still correct. It will run the filter as if it were ran 10 days ago. So instead of it being today it now becomes 10 days ago so it will still produce the same type of results it would produce now. So within 2 days of the 10 days ago back it would search for those crossing over. So it would actually search as far back as 12 days ago. The only reason I suggested you look at 10 days ago is because you will see the sample results the filter produces. To answer the guys question above with the large filter, adding the di+ or whatever to that totally simplifies the results. It will shrink the results down to a much less amount so it will be more picky. The results are actually better and less picks so you are not left fishing through 50 stocks but about 1/5 of that.


General Discussion · Just Buy It!
Noahedwinbeach2
msg #26436
5/8/2003 12:21:11 AM

I would be delighted to share with you guys. By the way..I currently own NMSS..it was up over 10% today!

Show stocks where Average Volume(10) is above 50000 and +DI(14) crossed above 20.00 within the last 1 day and close is between 0 and 3 and volume is above 1

CHAIN

Show stocks where Money Flow Index (15) has been increasing over the last 2 days and Average Volume(90) is above 50000 and close is between 0 and 3



CHAIN represents a chain. You will need to chain those two together. That will provide you with awsome picks time after time after time. Just play with fake money for a while until you feel confortable. Good luck and I am sure you will become wealthy with them.

Noah




General Discussion · What simple searches produce the best results, that are back-tested?
Noahedwinbeach2
msg #26420
5/7/2003 2:05:06 AM

Ok guys. Since I am getting awsome returns off the money flow index let me share. On average my picks produe 25% every 10 days and then I sell just because I feel confortable with that. Screen for stocks that have MFI that have been increasing for the last 2 or 3 days. That is it. Let me give you an example. Run this screen:

Show stocks where Money Flow Index (15) has been increasing over the last 2 days
and Average Volume(90) is above 50000
and close is between 0 and 2
and date offset is 10

That is offset by 10 trading days. Notice the huge gains so fast. The trick is to learn to read that filter without the date offset. What you have to do is study the heck out of all the charts including the ones that go down. There are certain identifiable patterns that go along with the stocks that go down and the ones that go up. I'm by no means saying this is a perfect method. I am just saying this is incredibly simple and provides me with the best choices for short term trading. I like short term trading with these because I can do compounding interest every 10 trading days. I usually buy a stock from that filter that I feel is about to go up a lot and then hold it for 10 days or until the day that it surges a large amount (like 25% in 1 day) and then i sell off. I then buy another. This system will make you a ton of money if you are not hesitant. You must not be hesitant or you will miss the boat. You can never predict what a stock will do so sitting around for that perfect stock is just a waste of time. At any moment a stock could plumit. The market works off of supply and demand so any other factor just doesn't matter. People react off of different things so predicting the market is ignorant. All you can do is use hindsight knowledge to help you. The MFI is the best indicator imo. Feel free to comment.


General Discussion · Just Buy It!
Noahedwinbeach2
msg #26419
5/7/2003 1:13:31 AM

I totally understand what you are talking about. Put a limit buy on the current price instead of the bid though. I just usually want to make sure I get it at the current price. Since the ask price is usually higher than the current price I just place the limit at the current price. There is nothing wrong with that. I like to use limit buys because I place a lot of my orders at night before the market opens. Most of the stocks I pick go up a whole lot real fast so usually there is a surge at the opening bell from all the overnight market orders that came in. I dont want to get a crappy price so I just place a limit buy on the closing price for the previous day. Usually the surge corrects, and I get my purchase at a good price. This doesnt work but half the time though because on the stocks I get most open higher than the previous close and never touch the previous close so you may want to put the limit 5% above the previous close or something. The stocks I buy are stocks that have a MFI that has been increasing for 2-3 consecutive days. I dont usually buy a stock that is above $2. These stocks advance rapidly and if you will look at 10 previous days ago on the filter you will notice the huge return under the performance column. I have learned to pick the best patterns for the best returns. It is a great world we live in :) Good luck!


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