| StockFetcher Forums · Filter Exchange · bollinger bands | << 1 ... 7 8 9 10 11 ... 23 >>Post Follow-up |
| wallman 299 posts msg #26445 - Ignore wallman |
5/8/2003 3:56:46 PM HI PETRO i think you have come up with a great idea there,especialy for people newer at this,i've been following this method for 19 months,so naturally i should be a little better than someone new to this as to entries and safty nets as you state,in time if you stay with it you'll have it down too,in the meantime while you are learning to get comfortable with it your way should prove very profitable,after all when you see the gains that this method is capable of,does it really matter if you enter one day later at a conformation that you are comfortable with,it doesn't .....neat how they run right through those scans from bottom bb to 75,huh,keep looking and you'll see it all the time,thanks for the symbols,i'll check em out ........please post with what you find out in regards to your "next step" scans,could really help out the newer folks.......HAVE FUN |
| AntNet 36 posts msg #26452 - Ignore AntNet |
5/9/2003 12:41:08 AM Hi Muddy, Did you get the e-mail re: your method? Bert. |
| wallman 299 posts msg #26453 - Ignore wallman |
5/9/2003 6:17:15 AM HI BERT,YES,i got the email,you did a SUPER job,looks like you know the system better than i do!!.....i will email you this p.m. regarding changes and add-ons.......THANKS FOR A GREAT JOB........MUDDY |
| seweiss 2 posts msg #26457 - Ignore seweiss |
5/9/2003 12:46:03 PM Wallman, Thanks for your reply to my last email. After doing a bit of research it seems like trying to use the other indicators (Williams etc.) really does not buy you much for buy signals. I will try to use the visual method as you describe it. A couple of additional questions that I don't think you covered previously: 1) Do you change stops from 5 to 3% with a price close above middle BB or just a touch of the middle BB by the price but not closing above it? For upper BB, would you ever sell a stock with a touch on the upper BB but close below it rather than a close over the BB which you then would sell the next morning if it met other conditions (RSI above 74 etc.)? 2) I am new to buying small volume stocks. Do you use limit buy orders or market orders? I tried to buy OATS today within an hour of the open but my buy limit never go triggered even though I set it a couple of pennies above the last price. Now OATS is back in my range but it is after an hour from the open of the market. Do you still go after a stock if it returns to your buy range later in the day? |
| wallman 299 posts msg #26459 - Ignore wallman |
5/9/2003 2:16:24 PM HI SEWEISS, i have tried fooling around with indicators in the past with bb method,i always return to the simple,basic filter with no indicators,same thing happened every time,using them just kept me out of big winners time and again,while NOT reducing the risk at all,so for the last 9 months i have left it alone trading just that basic filter,takes me less than 10 mins a night,50 mins a week, to get the matches and chart em,for me this is great......i tighten the stop to 3% when it CLOSES ABOVE mid bb,never a touch,....i will always sell next morning on a TOUCH of upper bb if the stock is 75 or higher rsi(unless it opens green whereas i will hold until/if i see red).....i always use market orders because of just what you described happened to you with OATS,and yes i would go after any stock at any time during the day as long as it was in my buy range,the reason for myself to put an hour limit on buying a stock is that it lets me break away from the computer as i've been trading for so long that i just want to go do something else,i'm sorry if i didn't explain that in a past post......please post if you have anymore ?'s......see ya |
| wallman 299 posts msg #26461 - Ignore wallman |
5/9/2003 2:49:47 PM HI SEWEISS,another thing i wanted to point out was after/if you start to build up your acct i don't think that entries are that critical that have to watch every "nickel and dime" as long as they are on green and not gapped up too far,say above 3% from previous close,to prove that point to myself i started a port on clearstation.com of every match of the filter,entering pre-market with no regards to entry price or even if they were on green,go to my post on 5-2 8:25 to see how you can view it,starting in the closed position with the stock OPTN and going upwards into the open positions there are 58 picks of filter matches,51 of which are gains, 88% entering blindly,so once your ahead and get confidence in the system and yourself it doesn't look like it's worth fretting over pennies......MUDDY |
| no4j 45 posts msg #26481 - Ignore no4j |
5/12/2003 8:45:05 AM Wallman....I'm still using your system with great success. Thank you very much. I have one more question, though. The object here is short term profits. If you have a stock that climbs above the certer BB line, you move the stop to 3%. What if that stock straight-lines and never gets stopped out but also never wants to get the RSI up to 75? How long will you keep looking at it before you dump it? Or does it ever really get like that? If a stock get to be 15 days old or so, I would think you would want to take your profit and move on. Wachuthink? |
| defghca 150 posts msg #26482 - Ignore defghca |
5/12/2003 10:40:37 AM wallman what do you say we start bollinger band (1) the sequel; this is getting to be quite a long post |
| wallman 299 posts msg #26483 - Ignore wallman |
5/12/2003 10:42:38 AM HI NO,glad to hear your having great success with it,from some emails iv'e gotten from others you are not alone so this is good to hear,the object is short term profits but as long as price or rsi doesn't stop you out you should let em run,yes some do straight line to 75,as i've said before when price does reach 75 rsi,hold till next open and look for green,if yes hold and watch,if closes green,repeat next day,it's possible to get another 5% or much more out of the trade,i backtested the filter last night and it seems to be stronger than ever i.e. stocks seem to be gaining even after 30 days up to 40 whereas in the past it seemed to be about 10 days less than that figure,my only advice to you regarding lenght of hold is to just let price or rsi dictate when to sell,as you get more accustomed to the method i'm sure that you will come up with your own way of taking profits,this is great as eveyone's situation is different.........wish you continued success,MUDDY |
| gruender 101 posts msg #26491 - Ignore gruender |
5/12/2003 9:03:12 PM Muddy, do you have any suggestions regarding the use of your filter during periods when the market is trending down? When I use your filter and look at weekly results using the SF back tester between mid Jan to Mid Mar 03, I got mostly negative returns over the weekly (5 day) periods, yet when I back test your filter during an up trending market, I got excellent results over the weekly (5 Day) periods. Do you recommend that we don't use your filter during down trending markets or is there some other adjustments you make during the down trending periods? Thanks, Joe |
| StockFetcher Forums · Filter Exchange · bollinger bands | << 1 ... 7 8 9 10 11 ... 23 >>Post Follow-up |
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