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 Posted - 02/27/2012 19:54:56   |
tach,
Just
wanted to say thanks for sharing your work and ideas and follow posts.
I've tried a few of these the last few days - some winners and some
losers, but I'm learning from my mistakes (I think) and I see the
potential. It'll take me a while to get the hang of it. Thanks again ! |
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| Posted - 02/27/2012 20:31:28 |
quote:
Originally posted by TradingDude
quote:
How can you possibly monitor 8-10 trades a day
The
way I do it is by using RadarScreen with color coded cells and Alerts,
sorting to bring candidates that meet entry criteria to the top. All
linked to chart and matrix.
TradingDude
TradingDude,
One
futher question. Are you only looking at one time frame on your Chart
AND RadarScreen (or are you looking at multiple time frames) to make
your decisions? |
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| Posted - 02/27/2012 21:59:03 |
quote:
Originally posted by groh1
quote:
Originally posted by TradingDude
quote:
How can you possibly monitor 8-10 trades a day
The
way I do it is by using RadarScreen with color coded cells and Alerts,
sorting to bring candidates that meet entry criteria to the top. All
linked to chart and matrix.
TradingDude
TradingDude,
One
futher question. Are you only looking at one time frame on your Chart
AND RadarScreen (or are you looking at multiple time frames) to make
your decisions?
5 minute bar interval |
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| Posted - 02/28/2012 00:58:43 |
quote:
Originally posted by TradingDude
quote:
How can you possibly monitor 8-10 trades a day
The
way I do it is by using RadarScreen with color coded cells and Alerts,
sorting to bring candidates that meet entry criteria to the top. All
linked to chart and matrix.
TradingDude
not
a bad idea... I will see if I can do something similar, I just had the
charts for all open positions up given I have a pair of 27" 2560x1440
monitors on my main trading workstation, so it wasn't all that hard...
lots of screen real estate. |
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| Posted - 02/28/2012 09:43:54 |
| Most
of my indicators and showmes got corrupted. Currently with TS support
trying to find out why. Last thing I did is download eld files from
different forums. The EL is a whole lot of |
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| Posted - 02/28/2012 10:53:49 |
Congrats Tach for this thread.
It
is positive, no politics, not personal jabs, just talking about
trading and is a good thing to see quite a few pick up the method and
making some money with it.
One common thing that it appears
that might be helpful at some point to discuss once everyone is very
comfortable with the method would be to discuss the exits as there have
been comments that "maybe could got more out of the trade" or "exited
early" etc....
I really don't recall a discussion where folks
were making money together and stayed on point mostly with the point of
the thread and with such harmony.
Maybe the thread creator has something to do with that...
-pap |
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| Posted - 02/28/2012 11:31:32 |
Thanks Tachyonv for your kindness in sharing.
First day I traded this live today...took IDCC for +.52
probably could have traded others (ALXN,OPEN ) pre 10 am est but I was cautious with the Consumer Confidence coming out.
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| Posted - 02/28/2012 11:41:59 |
IDCC 38.96@1030 +0.52, RCC 63.46@1015 +0.52, GMCR 65.99@1020 +0.52 (no losses)
I
almost pulled the trigger on ALXN@945 but there wasn't 0.50 between my
entry and yesterdays low which I thought might be resistance, but turns
out was insignificant.
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| Posted - 02/28/2012 12:32:39 |
Struggling a bit this week.
Took a loss yesterday NFLX 108.41 -.25
A bit better today
NFLX
113.81 +.16, NFLX 113.28 took a 3rd off at 113.54( +.26), 3rd off at
113.48 ( +.20) and final 3rd at 113.33 ( +.05) only to watch it 4 mins
later pop to .52 target. |
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| Posted - 02/28/2012 12:51:56 |
Dear Tachyonv.....
NFLX bought 113.44 sold 114.00. Perfect!!
I
used to trade emini with emini-watch.com indicators, but your strategy
works perfectly with them. The support/resistance leves and the "better
momentum" of emini-watch are very helpful added to your strategy and
"tradable indicator". It seems very easy by now.
Thanks, thanks. thanks.
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| Posted - 02/28/2012 13:23:29 |
quote:
Originally posted by migleve
Dear Tachyonv.....
NFLX bought 113.44 sold 114.00. Perfect!!
I
used to trade emini with emini-watch.com indicators, but your strategy
works perfectly with them. The support/resistance leves and the "better
momentum" of emini-watch are very helpful added to your strategy and
"tradable indicator". It seems very easy by now.
Thanks, thanks. thanks.
interesting,
I am also using the _Better Sine SR, JMA edition, with the setup and I
found it rather useful.. glad to see that someone else is using that
indi for S/R levels... |
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| Posted - 02/28/2012 13:27:07 |
did
anyone traded QCOR today? I would be curious to know how anyone handled
it within this specific system.. tach? any input as to how it would
have been handled? basically, it open, and it never made a LL during the
period.. so I am debating what one should do those times things like
this happen, to skip the trade overall, or if one should use some
discretion and just go long on the first pull back within the timeframe
for entering the trade and just exit at the target...
Attachment:DATA/201202281327432-28-2012 1-24-35 PM.png 27090 bytes
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| Posted - 02/28/2012 14:07:10 |
| I
never considered NFLX or QCOR to be at a "low price" this morning.
Both were at or above the upper KC channel. I've been buying around the
lower KC. |
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| Posted - 02/28/2012 17:01:49 |
quote:
Originally posted by bwjr
I
never considered NFLX or QCOR to be at a "low price" this morning.
Both were at or above the upper KC channel. I've been buying around the
lower KC.
Neither do I, but with these
indicator I saw a support level when the %R was oversold. I chose NFLX
thanks to the tradable symbols indicator, and after the orange dot of
KJDtimeAvgLow (Ant indicator) a support was drawn (entry point). (Screen
attached)
Probably I should have entried at the beggining of the regular session (support drawn), but no KC helping this idea.
Attachment:DATA/20120228165937Captura de pantalla 2012-02-28 a las 22.38.18.png 36612 bytes
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| Posted - 02/28/2012 21:25:09 |
| ...OK,
ya'll are going to roll your eyes with this request, but I'm going to
ask it anyways. I'm really new to trading using any type of strategy or
scanning based on key fundamentals. To this point I've traded between
8-10 stocks in industries that I know very well and/or past companies.
So far, my approach is to go through the list of closing prices and if
they close down by more than 1.0% I'll buy in the morning given they
dont keep falling, and if the close up and are close to a 52wk high I'll
short them. I generally buy in lots of 1000 and place limit sell
orders in the .50 - 1.00 profit range. If the price doesn't move in a
day I turn it into a swing trade and wait. My rationale is that most
are well run companies and are good long positions. Doesn't work 100%
of the time but has done OK for me. Here's the question, I absolutely
believe in the strategy Tach has provided, but I don't "know" the
companies the the scan has identified and don't have a good method to
guide my entries. Can I ask if you would recommend how someone begins
to self-educate on the technical indicators that the group has
mentioned? If anyone would be so generous to offer a response, any
chance you could rank/order the techniques I should become educated on?
Thanks Cam. |
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| Posted - 02/28/2012 21:44:12 |
it
is interesting, I just did some back testing on replay with amibroker
vs running an exploration, and I did about 3 months worth on IDCC and
QCOR and came to find out that capturing 25% of the ADR is more than
enough... also, the LL of the 9:30-10:15 EST session is not always
breached during the entry time of 10:15-11:30AM... so the next low can
be a HL or LL, and if HL then it appears to have (not always) a chance
for HH's...not all that proficient at writing explorations yet to
determine the probabilities over X amount of time, but we if anyone here
can write something to determine the probabilities, it would be nice if
they could share.
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| Posted - 02/28/2012 21:56:59 |
quote:
Originally posted by cam111
To this point I've traded between 8-10 stocks in industries that I know
very well and/or past companies. So far, my approach is to go through
the list of closing prices and if they close down by more than 1.0% I'll
buy in the morning given they dont keep falling, and if the close up
and are close to a 52wk high I'll short them. I generally buy in lots
of 1000 and place limit sell orders in the .50 - 1.00 profit range. If
the price doesn't move in a day I turn it into a swing trade and wait.
My rationale is that most are well run companies and are good long
positions. Doesn't work 100% of the time but has done OK for me.
not
following, is your timeframe a day or however long it takes for your
position to reach profit, and if so... why not just go with options for
what you are doing? from what you are stating it sounds as if you hold
through any drawdown period given you dont have an exit plan and then
turn the "loser" positions into swing trades.. at least that is what I
understand... but since we are not discussing your method on this
thread, I will move on.
quote:
Originally posted by cam111
Here's the question, I absolutely believe in the strategy Tach has
provided, but I don't "know" the companies the the scan has identified
and don't have a good method to guide my entries. Can I ask if you
would recommend how someone begins to self-educate on the technical
indicators that the group has mentioned? If anyone would be so generous
to offer a response, any chance you could rank/order the techniques I
should become educated on? Thanks Cam.
knowing
the companies has nothing to do, this are not swing or long term trades
but rather short term day trades. As tach has done, you might choose
some issues that meet the criteria that you decide to become familiar
with and as such trade them day in and out; but nothing to do with
fundamentals i would think. Tach system has defined and clear criteria
for selection, profit targets and losses. I mean, I am surprised that he
shared it to be honest, so I am thankful. It is simple and easy to
qualify and it can be made into one's own by adjusting some of the
criteria overall and based on one's risk parameters. for example, I am
trying to eliminate $100+ stocks since I cant use margin on the IRA with
TRAD and I dont like risking the whole account but only a percentage,
and I dont want to transfer more funds into TRAD..
as to your
need to learn technical analysis.. there are lots of sources out
there... go to amazon.com and type technical analysis... read the
reviews.. same goes for books.google.com, or go to 4shared.com and type
"technical analysis" and you will see how many books will pop.
for
a book just describing all technical indicators and some background on
them I used The Encyclopedia Of Technical Market Indicators by robert
colby.. that could be a starter point for you as well.
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| Posted - 02/29/2012 08:47:33 |
quote:
Originally posted by cam111
...OK,
ya'll are going to roll your eyes with this request, but I'm going to
ask it anyways. I'm really new to trading using any type of strategy or
scanning based on key fundamentals. To this point I've traded between
8-10 stocks in industries that I know very well and/or past companies.
So far, my approach is to go through the list of closing prices and if
they close down by more than 1.0% I'll buy in the morning given they
dont keep falling, and if the close up and are close to a 52wk high I'll
short them. I generally buy in lots of 1000 and place limit sell
orders in the .50 - 1.00 profit range. If the price doesn't move in a
day I turn it into a swing trade and wait. My rationale is that most
are well run companies and are good long positions. Doesn't work 100%
of the time but has done OK for me. Here's the question, I absolutely
believe in the strategy Tach has provided, but I don't "know" the
companies the the scan has identified and don't have a good method to
guide my entries. Can I ask if you would recommend how someone begins
to self-educate on the technical indicators that the group has
mentioned? If anyone would be so generous to offer a response, any
chance you could rank/order the techniques I should become educated on?
Thanks Cam.
Here are a couple links
that are generally reliable. I'm using Keltner Channels as an example
but you can look at all the indicators. Keep in mind Tachyonv has
modified these so you need to read his documentation to understand their
workings.
http://stockcharts.com/school/doku.php?st=keltner+channel&id=chart_school:technical_indicators:keltner_channels
http://www.incrediblecharts.com/indicators/keltner_channels.php |
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| Posted - 02/29/2012 11:39:53 |
| Closed
NFLX at + .52 in about 20 seconds. Back in NFLX at lower price, but it
is currently down...could have been a bad move. Closed QCOR at +26.
...waiting right now on V and RRC (was up .32 and I didn't pull the
trigger) |
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| Posted - 02/29/2012 11:44:33 |
Took NFLX for .52
PANL - liked the chart around 10:15-10:20, too early for me to trade this method or these names around earnings.
ALXN - liked it around 11:10, didn't take
Tachyonv
- I know in the previous posts you stated you buy on the bid and sell
on the ask, so you never use buy stops to enter at all, at it breaks
above a bar?
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