TheRumpledOne
6,529 posts
msg #45567
- Ignore TheRumpledOne
modified |
7/8/2006 3:15:17 PM
This filter shows the performance of the stocks selected to fill the gap for last session's trades when you run it after the session is over.
So if you are running it this weekend, you will see how Friday's stocks performed.
Legend:
and add column Xgapped - the size of the gap
and add column Xgapup - 1 if gapped up
and add column Xgapdn - 1 if gapped down
and add column cl1lo - previous close - today's low
and add column hicl1 - today's high - previous close
and add column gapupfilled - 1 if gap up filled
and add column gapdnfilled - 1 if gap down filled
As you can see, the odds are way in your favor when you FADE THE GAP!
MAY ALL YOUR GAPS BE FILLED.
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TheRumpledOne
6,529 posts
msg #45571
- Ignore TheRumpledOne |
7/8/2006 3:17:53 PM
Look at the $40 and above vs. the $1 and above.
See the nice profits in the $40 and above?
This strategy usually pays off better with the $40 and above.
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nikoschopen
2,824 posts
msg #45577
- Ignore nikoschopen |
7/8/2006 5:45:50 PM
TRO sez:
It's the MARKET - NO ONE KNOWS ANYTHING!
You have to TRADE.
So, when I trade, I trade when the statistics favor a profitable outcome.
I don't necessarily wait for the gap to fill to take my profit. I take it WHEN I CAN!!
1000 * $.10 = $100!
Do that with 10 stocks that fill the gap 80% of the time and you make $1000 a day.
Simple.
____________________________
Simple?? TRO, I don't know how many years you've been playing the markets, but it ain't simple by any stretch of imagination. Ask any professional who grinds his profit day in and day out (I know certain individuals who make over $10,000 a day consistently) whether it's simple.
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TheRumpledOne
6,529 posts
msg #45579
- Ignore TheRumpledOne |
7/8/2006 6:03:03 PM
I said SIMPLE.
I did not say EASY!
It is simple to lift weights.
It is easy to lift 5 lbs.
It is harder to lift 50 lbs.
Very few can lift 500 lbs.
But, the actual lifting is simple.
Trading is simple.
You buy/short and then sell/cover.
That is simple.
The "trick" is to make money.
That is simple too, yet most people want complicated systems.
Fading the gap is simple.
Nothing ever changes.
Go long on gap downs and go short on gap ups.
That is simple.
The only question is whether or not the trader sticks to the plan.
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nikoschopen
2,824 posts
msg #45581
- Ignore nikoschopen |
7/8/2006 7:50:24 PM
TRO,
My bone of contention wasn't about fading the gap, but the way in which you misinform ure newbie brethren by making it ipso facto the art of simplicity -- a non sequitur in my otherwise not so humble opinion. Be that as it may, you then seem to indemnify ureself by such clauses as "it ain't what you trade, it's how you trade" or "you have to TRADE". But, if you care to remember, I've been through this route before. And it amazes me you still practice the same rite of bad faith, FWIW.
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TheRumpledOne
6,529 posts
msg #45582
- Ignore TheRumpledOne |
7/8/2006 8:50:34 PM
"My bone of contention wasn't about fading the gap, but the way in which you misinform ure newbie brethren by making it ipso facto the art of simplicity -- a non sequitur in my otherwise not so humble opinion. Be that as it may, you then seem to indemnify ureself by such clauses as "it ain't what you trade, it's how you trade" or "you have to TRADE". But, if you care to remember, I've been through this route before. And it amazes me you still practice the same rite of bad faith, FWIW."
Niko, you have a right to your opinion.
I have a right to mine.
But I did NOT misinform anyone!
I posted a filter that proves itself via statistics.
That is FACT, NOT OPINION.
SIMPLE means it is NOT complicated.
The rules are clear.
Even a NEWBIE can follow the rules.
ANYTHING CAN HAPPEN! You know that.
If there was a "lock" there would not be a market.
And it is NOT what you trade, it is HOW you trade it.
You can trade a P.O.S. stock and make money.
You can trade a great stock and lose money.
It is all in HOW YOU TRADE IT!
But there is no bad faith on my part!
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alf44
2,025 posts
msg #45609
- Ignore alf44 |
7/9/2006 10:37:26 PM
"...Trading stocks is like breaking and entering, the more you put in to bag, the longer it takes. The longer you remain inside, the higher the chance you get caught..."
--------------------------------------
I DO like this analogy !!!
Well said, RumpledOne !!!
Regards,
alf44
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tmaugham
115 posts
msg #45610
- Ignore tmaugham |
7/9/2006 10:39:24 PM
TRO,
Firstly thanks for the filters and words of advice. But please explain to this thick person how this is supposed to work. In one of your posts you say "Go long on gap downs and go short on gap ups." How exactly does this work? Are there other posts I should be looking at that give the basic information on using this filter?
Thanks...
Tom
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alf44
2,025 posts
msg #45611
- Ignore alf44
modified |
7/9/2006 11:08:36 PM
<edit>
...on second thought...
:8^X
Regards,
alf44
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TheRumpledOne
6,529 posts
msg #45612
- Ignore TheRumpledOne |
7/10/2006 12:36:11 AM
"Firstly thanks for the filters and words of advice. But please explain to this thick person how this is supposed to work. In one of your posts you say "Go long on gap downs and go short on gap ups." How exactly does this work? Are there other posts I should be looking at that give the basic information on using this filter?"
How exactly?
I think I explained it.
If a stock gaps down, you buy it.
If a stocks gaps up, you short it.
I only trade stocks that have filled the gap at least 80 of the last 100 days.
At the open, you see which way they gapped, if they move toward the previous close, I enter the trade. I exit BEFORE they fill the gap. I just take my profits.
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