TheRumpledOne
6,529 posts
msg #66692
- Ignore TheRumpledOne
modified |
8/26/2008 4:38:31 PM
I am talking about the current 30 minute candle.
Why 30? Stock market is open from 9:30 - 4:00 EST that's 6.50 hours or 13 thirty minute candles.
You don't want to go against the current trend of buyers/sellers so you trade in the direction of the CURRENT candle color.
How many times must I learn the lesson to WAIT for a RED 30 minute candle to close BEFORE I go long?
My head was in "coding mode" when I jumped back in RDN on a RED 30.. what a dummy!!!
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wpbrock
1 posts
msg #66726
- Ignore wpbrock |
8/27/2008 9:59:35 PM
TRO, is there a way to have this filter bring back results of just the ones that gap up or down say 1%??
Thanks, I havent used the filter yet but looks very good!
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SFMc01
358 posts
msg #66979
- Ignore SFMc01 |
9/5/2008 12:34:54 PM
WALLSTREETGENIUS:
Regarding: Lesson #1 on 8/17/2008
Thank you for your help. I have found your postings on StockFetcher very helpful as I try to learn. Please help me further. You state "Look at the candle at 12:20 PM 11/13/08." I assume you meant 8/13/2008. Right?
In looking at 8/13/2008, I don't see "Do you also see how your LRI(20) is UNDER price and heading up?"
I'm using TradeStation to view the chart. Is this what you use? My LR Channel doesn't go back as far as 12:20 PM as I now look at it in the past. Am I not specifying it correctly? Do you have a suggestion?
Respectfully, are you suggesting that, in real time, if this channel is going down the market is going down and that it is not the right time to buy when daytrading? And vice versa for selling short?
Also, would you share your email address so I might communicate directly? Mine is SFMc01@aol.com
Thanks ... Steve
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TheRumpledOne
6,529 posts
msg #66987
- Ignore TheRumpledOne |
9/5/2008 3:28:46 PM
Please don't clog up this thread with WALL STREET GENIUS nonsense.
Please copy your WSG and post it somewhere else and remove it from here.
This is about FADING THE GAP STATISTICS.
Thanking you in advance for your cooperation.
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maxreturn
745 posts
msg #67167
- Ignore maxreturn |
9/11/2008 12:10:20 PM
Question for those who have been trading this technique. How long have you been trading it and what have your real time results been?
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johnpaulca
12,036 posts
msg #67168
- Ignore johnpaulca |
9/11/2008 12:48:07 PM
Max...I started on Monday trading RDN and ABK and haven't lost as yet. Since I am new to this, I started buying only 5k each...I think you can easily walk away with 2k per day, but then again, it's only been 1 week...cheers.
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maxreturn
745 posts
msg #67175
- Ignore maxreturn |
9/11/2008 2:42:06 PM
JP, I must admit that up until I saw your post I really didn't have much interest in trying to trade this technique but now I do for two reasons: 1) I respect the work you've done and the results you've been able to accomplish. If this works for you I'm sure it must have merit. 2) Even though this is day trading strategy I believe it's something I can still implement even though I have a full time job.
Would you mind going into a little more detail about how you actually decide which stocks to trade and when using these statistics and how you actually implement the trades?
Best Regards
Max
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johnpaulca
12,036 posts
msg #67179
- Ignore johnpaulca |
9/11/2008 4:18:13 PM
Max: I didn't use any filters. Tro said he trades these two stocks so I did the same...hell who am I to argue(O:
I wait for the market to open and place my trade: gap up = go short , gap down = go long, it's that simple. I have been lucky because all week the gaps were filled. I just sold ABK@7.05...entered at 6.40. I bought 5000 shares, that's $3250 and just on one stock. RDN got filled quickly came away with 33 cents or $1650. This style requires more time management (at least for me). I still love to swing trade because of work, I can't be glued to my monitors.
I tried TWM and did great today. Try paper trading for a week until you get the hang of it, I think you'll like it bro...cheers.
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TheRumpledOne
6,529 posts
msg #67201
- Ignore TheRumpledOne |
9/12/2008 1:46:26 AM
Funny, you are using the FADE THE GAP technique on RUN FOREST, RUN stocks.
I find it very interesting that some people can't see the merit in this time tested method until others give it their "blessing". I guess there are shepherds and there are SHEEP!
I'M A WOLF!
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mystiq
650 posts
msg #67204
- Ignore mystiq |
9/12/2008 4:46:21 AM
jp-
...do you think this can work with options on ABK or RDN ?
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