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Legend. Thanks.

Interesting. 1. What software do you use to scan for gaps? 2. Why does the ETF method need automation? Seems simple enough to do manually(?)

Thanks. Off-topic, but what other methods/securities do you trade?

Spyder When you look for entry confirmation (using volume, stoch, and MACD), what intraday bar length do you use - 30 minute?

Old thread but awesome one. A story of a friend of mine: Beautiful woman, worked an espresso cart in Seattle back in the early 90's. Got a tip from a Microsoft employee to buy MSFT, and to buy AMZN just after the IPO (he had seen a pre-IPO presentation). He was a guy who was trying to...

Great post Spyder. Good points, and you write well. I often find watching intraday data alters (always for the worse) decisions I had made to buy and sell at certain prices using EOD data. Trends in the intraday data often go against the more significant trends in the daily data, and have...

Dougfresh - I have to comment on your by-line. Sorry - pet-peeve. I have 'dreamt it believed it and achieved it' 70% of the time but not all the time, and a couple of times it hurt big time and seriously changed my life when a dream i busted my ass for didnt occur. You may want to change it...

Hi Spyder I use Smartmoney to screen for high growth stocks with high RS, a low float, but adequate volume (sorry don't have it open right now for the exact parameters but the exact parameters are not the 'edge' - the general principles are what matter). I then look for setups where volume...

Perhaps the list needs to be expanded. Today was my most profitable day ever. Too many filters, while increasing expectancy per trade, reduces profits if too few trades are made. Wealth-lab testing confirms this clearly.

Johnc - rather ballsy thinking of buying after it has fallen down to the top of a big gap like that.

I got in TASR as well for the same reasons. 8% in a day not bad! Should have had more size!

Thanks svrz. The only problem is I have now defined my system more clearly so loathe to introduce new elements! Have you tested the simple MACD 5/13/6 crossover for expectancy? I recall you saying its the best indicator you have found.

Svrz Nice chart. If you dont mind, what indicators/parameters trigger the red and green highlighting? Seems quite sound.

Thanks Spydertrader Very good results! One question - why the significant volatility in position sizing? I wonder what the effect would be if a constant 2% risk to stop or some other position sizing method was used. I agree re: few signals lately - the prices of most of my watchlist...

Hi Spydertrader I know when people have asked for a track record of this system, you have referred them to certain links. I looked at those links, but could not find references to results. My results have been flat for the last three weeks, so I am curious if you would please tell us how...

Sorry I've been too busy at work to review the WL script - but anyway svrz seems to have abilities far exceeding mine on WL. Thanks all.

Thanks! That's a good document - rational system, and clearly explained Did Jack write this, or propose the concept and someone else summarised it? I thought I had read most of Jack's stuff but missed this. Thanks

Backtesting in Wealth-lab, I got the picture that timestops (anywhere from 8-15 days - depends on the securities), with a breakeven stop (with a wide trigger), are better than trailing stops. Trailing stops (even when optimised) seem to reduce the average trade result, and profits. That is...

My experience is that a price increase AND volume increase from dry-up, on a pre-screened stock, results in a higher win% and less drawdown, than entering a stock that did not have an increase in volume in the prior day. The volume increase does not need to be large, just enough to show that...

I was in TRMM, but had to wait 10 days for it to go up - not optimal for compounding. With what you suggested, would it be too late to get the price rise if wait for FRV during the day? I havent checked, but I got the impression from your post that the volume level required was reached after...