StockFetcher Forums · View by Author: (16 messages)  [ Display By: Date / Subject ]<< 1 2 >> 
General Discussion · $30,000 a month
johnsund
msg #70581
1/11/2009 4:59:04 PM

I am relatively new to StockFetcher (and kreslik) but am amazed at the (thankfully) few who do not appreciate fully what TRO does for all of us that frequent these two excellent websites. He has to be the foremost developer of indicators in the world, the vast majority are provided free for use as we wish. If you don't like the indicators or Avery, go somewhere else. If you use them and they don't do what you think they should go buy something else or, if you are capable, develop your own. I can say that I have only had sustained success using the BuyZone. It took me awhile to "see" what Avery was trying to get me to see, but with his help I finally did. I have 12 back-to-back trading days of profits with no losses trading AAPL. Some trades yielded large profits, others more modest. I know that unbroken string of success will not continue, but it is an awsome start. I can say only positive things about Avery, what he develops and provides free, and his ongoing assitance to newbies and experienced traders alike. I am proud to be able to provide donational support to TRO, but more importantly to me, I want to provide donational support as I think he is providing an outstajnding service to us all !!!!!!!!!!!!!! Again, if you don't like him or what he does, just leave. There is no room for this kind of discussion here, IMHO.

General Discussion · I trade just one stock, TRO-style
johnsund
msg #70143
12/29/2008 6:51:08 PM

TRO -

Just found this thread, and could not but help laugh outl oud at the exchange between Max and yourself on page 1. Does that describe what has been going on between you and me or what???

Thanks for your patience and generosity!!!!



General Discussion · NEVER LOSE AGAIN!!
johnsund
msg #70582
1/11/2009 5:01:03 PM

I am. Finally I see the light. Have had many successes so far, no failures. Thanks so much.

General Discussion · NEVER LOSE AGAIN!!
johnsund
msg #70130
12/29/2008 2:20:25 PM

I am looking at your post from 9/18/08 at 4:40:23 PM as I think it is representative of several crosses of the Buy Zone in a single trading day. There would be many others but just happened to see and choose this one.

I am trading AAPL exclusively on the TS simulator. Just want to make sure that I understand how you see trades as they appear, and how you would react to what you see.

1. At the open there was a gap up and a very brief time where one might have made a few cents on the green candle on a long trade as it started up, then entered and went thru the blue buy zone.
2. Then direction reversed, red candles appeared and price passed into the red sell zone, so could have shorted and made a few cents.
3. Made the same reversing trend agan, but did not re-enter the blue buy zone until about 7:55 and would have gone long, and ridden the price from about 130.75 up to about 132.75 or so.
4. Reversed again and hit the lower buy zone about 7:40 or so on a red candle at 130.50 or so and would have shorted all the way down to about $124 whre it ran out of gas.
5. Did not re-enter the buy zone until about 12:45 on a green candle, so would have gone long at about 130.75 or so until about 132.75 only 2 minutes later.

That would have been it for the day - no more crossing the Buy Zone. Lots of AAPL juice. Did you see similar trade opportunities?

Thanks for all that you do for all of us!!!!

General Discussion · NEVER LOSE AGAIN!!
johnsund
msg #70139
12/29/2008 4:46:29 PM

TRO -

Just to make sure I understand, you would Fade the Gap at the open, then looking at the AAPL chart from today, there would be no other trade opportunity until the gap filled at 10:40 (price moved downward, from open to close), and then the price moved to the Buy Zone at about 13:50, when green candles showed at the bottom edge of the blue line. That is the trigger to go long and maybe get $.25 from then until 13:59. Since the gap had not filled prior to 10:40 and no price thereafter entered the Buy Zone until 13:50, there were no statistically sound reason to enter a trade. Correct??

Thanks.

General Discussion · NEVER LOSE AGAIN!!
johnsund
msg #70157
12/30/2008 10:21:23 AM

TRO -

Just to make sure I understand, you would Fade the Gap at the open, then looking at the AAPL chart from today, there would be no other trade opportunity until the gap filled at 10:40 (price moved downward, from open to close), and then the price moved to the Buy Zone at about 13:50, when green candles showed at the bottom edge of the blue line. That is the trigger to go long and maybe get $.25 from then until 13:59. Since the gap had not filled prior to 10:40 and no price thereafter entered the Buy Zone until 13:50, there were no statistically sound reason to enter a trade. Correct??

Thanks.

=====================================

Correct? That's not the best question.

Instead ask, WOULD THAT HAVE BEEN PROFITABLE?

=====================================

TRO -

Your are correct - that is the right question. It would have been slightly profitable - maybe $.25 if one were quick on the trigger . But, am I correct that the rules would have prevented any other entry until the gap had been closed because until the gap was filled there was not a statisically sound reason to enter?

Thanks.



General Discussion · NEVER LOSE AGAIN!!
johnsund
msg #70160
12/30/2008 10:28:58 AM

Throughout this thread there are references to staging orders in Tradestation for AAPL and/or RIMM. I understand how this is done as a purely mechanical act - one has to only follow the instructions TS provides.

However, I am not clear on where in the range of prices staged orders would be placed. With AAPL currently trading at about 87.30, where along the spectrum of prices would staged orders be placed. Already today the range of prices has been from a high of 87.75 to a low of 86.63. So, where would "staged order" prices be placed?

Thanks for any assitance that can be provided.

General Discussion · NEVER LOSE AGAIN!!
johnsund
msg #70177
12/30/2008 12:44:49 PM

In this thread Eman93 used the term on 11/11/08, and on kreslik.com I am sure that the term was used, but am unable to utilize the search function - Mikal is addressing this for me.

General Discussion · NEVER LOSE AGAIN!!
johnsund
msg #70202
12/30/2008 4:10:58 PM

TRO -

I assume from your comment on the last post of the chart that you would have made the downtrending trade that began at about 10:23 as price entered the first red line on a red candle at about 87.32, and then would have ridden the price down to about 84.90 or so.

Since price did not fill the gap (from open to prior close) until later in this series of candles, is this one of those times that you know from experience that since price got very close to filling the gap, but did not, that that was good enough and you entered the trade any way? This is the point I am still stuck on. For us newbies, MUST the gap be filled prior to any trades other than Fading the Gap at the open? Or are there times when close is good enough?

Thanks for your patience!!!

JS

General Discussion · NEVER LOSE AGAIN!!
johnsund
msg #70210
12/30/2008 7:03:07 PM

As you well know I am struggling to "see" as you do, and therefore my question has not been clearly answered.

I am looking at the 1 minute AAPL chart from today. I see the gap up at the open. As the red candle drops into the red buyzone ( - .10) from the open it is a buy signal to go short. That carries into the 2nd minute where one would probably get out, or if you have the experience to anticipate what might happen, you might stay in the short trade until the 6th minute and then exit. Whatever.

Your answer was, "There are only SHORT trades on AAPL today."

What is confusing to me is the word "trades", indicating there is more than one. If the rule about the closing the gap should not be violated, then I see just one legitimate trade today - the Fade the Gap trade at the opening as described above. After that, while the gap did fill at about 10:49, from then until closing no red or green candle entered or exited the buy zone.

So, not to beat a dead horse (me????) is there more than one legitimate trade today that does not violate the fill the gap rule? If so what is it?

Thanks for your patience!!!

JS

StockFetcher Forums ·  · << 1 2 >>

*** Disclaimer *** StockFetcher.com does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. StockFetcher.com does not recommend particular securities. StockFetcher.com, Vestyl Software, L.L.C. and involved content providers shall not be liable for any errors or delays in the content, or for any actions taken based on the content.


Copyright 2018 - Vestyl Software L.L.C.Terms of Service | License | Questions or comments? Contact Us
EOD Data sources: DDFPlus & CSI Data Quotes delayed during active market hours. Delay times are at least 15 mins for NASDAQ, 20 mins for NYSE and Amex. Delayed intraday data provided by DDFPlus


This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.