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Trader P/L 2005
- Thread starter Diamondtrim
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Thanks for the insights wvombaur. Just wondering how you filter the 40 hi/low with the bottom and top 20% stocks. I don't see the bottom and top 20% of stocks as a filter.
It is on the configure window specific position in range and maximum position in range filter. If you want to see the top 20 percent up stocks you place 80 percent in the minimum range.....if you also want to see bottom 20 percent down stocks you place 20 percent in the maximum position.
Than you add out running up, running down and new one minute high and new 1 minute low for the top 20....than create the same for the bottom 20.
Put both filters next to top 40 up and bottom 40 down.....and you have a custom filter that will give you a full perspective of what is happening with the strongest stocks and weakest stocks.
By using the filter with the 40 plus it cuts down the noise.
You really need to have a minimum of 4 trading screens....because you also need to have charts following stocks, trading platform, and follow sp 500 and/ or nasdaq index on 1 min and 5min
I highly suggest you have a high current volume at at least 1.5.
I have at 2.2....with minimum average volume of 600.000.
I have no interest in looking at low volume stocks or stocks that are tracking below there average volume.
Volume drives price! Especially if you are at the top and bottom ranges of stocks.....looking for breakouts and breakdowns.
This is all available in trade ideas pro.....or in quotetracker/tradeideas hooked up to your brokerage...which is the way I do it.
Hope this helps
Than you add out running up, running down and new one minute high and new 1 minute low for the top 20....than create the same for the bottom 20.
Put both filters next to top 40 up and bottom 40 down.....and you have a custom filter that will give you a full perspective of what is happening with the strongest stocks and weakest stocks.
By using the filter with the 40 plus it cuts down the noise.
You really need to have a minimum of 4 trading screens....because you also need to have charts following stocks, trading platform, and follow sp 500 and/ or nasdaq index on 1 min and 5min
I highly suggest you have a high current volume at at least 1.5.
I have at 2.2....with minimum average volume of 600.000.
I have no interest in looking at low volume stocks or stocks that are tracking below there average volume.
Volume drives price! Especially if you are at the top and bottom ranges of stocks.....looking for breakouts and breakdowns.
This is all available in trade ideas pro.....or in quotetracker/tradeideas hooked up to your brokerage...which is the way I do it.
Hope this helps
Quote from wvombaur:
For what it is worth....the running down and runnning up many times.....act as contrarian indicators to how the 40 plus or 40 minus is going to act....especially if market stalls or reverses.....it is uncanny how well it works.
I have been experimenting with trade ideas and like it. I am a littel confused on what you mean by the "running up/down" acting as contrarian indicators. do you mean:
A) they warn of of a reversal?
or
B) warn of a good pullback to get in that will probably resume its original trend?
I ask, b/c I am trying to develop a filter that finds liquid stocks trending with at least 150%, strong intra day trend, and am using the "running down" to try to find pullbacks.
I am also trying to use the 25% pull back from highs, but both dont seem to consistant...
I am begging them to create an intraday NR setup based on x timeframe... Anyone know if tradestation can do this, b/c Esignal cant....
This is just my opinion. Some other users of trade ideas may think differant.
When I see a running down of a stock that has a high number of new high alerts....and the market is trending up....the running down is a chance to get in on a long. The exact opposite on a running up in a flat or declining market. I ALWAYS go the exact opposite of the RUNNING UP OR RUNNING DOWN alert IF THE ALERT IS CONTRARY TO THE DIRECTION OF THE MARKET. If it continues to go in the direction of the alert...I just get out quick and take my losses. I use the new one minute high and low as an indicator that the stock is POSSIBLY going to run up or down in the direction of the high or low 1 minute alert, this is more reliable after a long pause.....like say it goes to 45 new high, than stops and new one minute low appears on screen....this may be an opportunity for a short, and a running down of the stock.....I will usually play if the market is going to flat or down.....less risk.
It is all about a feel from watching the charts, and the direction of the sp500 and/or nasdaq 5000, you MUST HAVE ONE OF THOSE UP with specific stock charts....also look for exp moving average 5,20 and 50 day as resistance or support points for sp500 and/or nasdaq. I only use s/p 500 chart, because nasdaq 5000 is to heavily weighted with little stocks, that I do not play
I do not fool with pull back trade idea indicators, so maybe dt or someone else can help
When I see a running down of a stock that has a high number of new high alerts....and the market is trending up....the running down is a chance to get in on a long. The exact opposite on a running up in a flat or declining market. I ALWAYS go the exact opposite of the RUNNING UP OR RUNNING DOWN alert IF THE ALERT IS CONTRARY TO THE DIRECTION OF THE MARKET. If it continues to go in the direction of the alert...I just get out quick and take my losses. I use the new one minute high and low as an indicator that the stock is POSSIBLY going to run up or down in the direction of the high or low 1 minute alert, this is more reliable after a long pause.....like say it goes to 45 new high, than stops and new one minute low appears on screen....this may be an opportunity for a short, and a running down of the stock.....I will usually play if the market is going to flat or down.....less risk.
It is all about a feel from watching the charts, and the direction of the sp500 and/or nasdaq 5000, you MUST HAVE ONE OF THOSE UP with specific stock charts....also look for exp moving average 5,20 and 50 day as resistance or support points for sp500 and/or nasdaq. I only use s/p 500 chart, because nasdaq 5000 is to heavily weighted with little stocks, that I do not play
I do not fool with pull back trade idea indicators, so maybe dt or someone else can help
Quote from wvombaur:
This is just my opinion. Some other users of trade ideas may think differant.
When I see a running down of a stock that has a high number of new high alerts....and the market is trending up....the running down is a chance to get in on a long. The exact opposite on a running up in a flat or declining market. I ALWAYS go the exact opposite of the RUNNING UP OR RUNNING DOWN alert IF THE ALERT IS CONTRARY TO THE DIRECTION OF THE MARKET. If it continues to go in the direction of the alert...I just get out quick and take my losses. I use the new one minute high and low as an indicator that the stock is POSSIBLY going to run up or down in the direction of the high or low 1 minute alert, this is more reliable after a long pause.....like say it goes to 45 new high, than stops and new one minute low appears on screen....this may be an opportunity for a short, and a running down of the stock.....I will usually play if the market is going to flat or down.....less risk.
It is all about a feel from watching the charts, and the direction of the sp500 and/or nasdaq 5000, you MUST HAVE ONE OF THOSE UP with specific stock charts....also look for exp moving average 5,20 and 50 day as resistance or support points for sp500 and/or nasdaq. I only use s/p 500 chart, because nasdaq 5000 is to heavily weighted with little stocks, that I do not play
I do not fool with pull back trade idea indicators, so maybe dt or someone else can help
You got me thinking of a completely automated strategy using TI logic you suggested. What do you think about this. Take an intermediate running up alert and short offer into it and place the bid at the appropriate volatility number based on http://www.trade-ideas.com/StockInfo/AFFX/AFFYMETRIX_INC.html
So if I see a running up alert on AFFX I would short offer and place the bid about 27 cents below. I am kind of just thinking off the top of my head and I am sure you can add filters to it and stuff to make it more reliable, but this is just the general idea. What do you think?
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