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| TheRumpledOne 6,529 posts msg #70667 - Ignore TheRumpledOne |
1/13/2009 8:20:04 PM Not exactly chetron! The Buy Zone lines are placed according to STATISTICS!! It is true that you can randomly place horizontal lines and still make money. But you get an "edge" when you use statistics in your favor. |
| TheRumpledOne 6,529 posts msg #70668 - Ignore TheRumpledOne |
1/13/2009 8:21:35 PM nojobmaui 1/13/2009 5:07:08 PM TRO what other sites do you post? Thank you ================================== I mainly post on www.kreslik.com. That's where you can find my free indicators for eSignal, TradeStation and MT4. |
| Eman93 4,750 posts msg #70671 - Ignore Eman93 |
1/13/2009 10:29:43 PM I have no statistics to back this up but, what I have observed in watching cow stocks. You seem to have a higher probability of a reversal if price moves above (long) the halfway price point of the previous candle, (candle before the last red bottom candle), on a 5 min chart. it seems to be a mini resistance point. What the probabilities are I have no way of calculating. Also from TRO even dollar and 0.25 dollar points tend to be support and resistance. |
| johnpaulca 12,036 posts msg #70682 - Ignore johnpaulca |
1/14/2009 9:49:31 AM Morning Guys...Juice anyone. Horizontal lines at bottom of chart are from yesterday.  |
| johnpaulca 12,036 posts msg #70684 - Ignore johnpaulca |
1/14/2009 10:00:08 AM APOL...gap closed looking at reversing position.  |
| TheRumpledOne 6,529 posts msg #70692 - Ignore TheRumpledOne |
1/14/2009 4:19:47 PM
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| TheRumpledOne 6,529 posts msg #70710 - Ignore TheRumpledOne |
1/15/2009 12:04:34 PM TOP 20 COWS as of Jan 15, 2009 
CME BIDU GOOG ISRG FSLR APOL AMGN SHLD AMZN ESRX AAPL GENZ NTRS CHRW SOHU BIIB ENER CELG CEPH RIMM |
| TheRumpledOne 6,529 posts msg #70719 - Ignore TheRumpledOne |
1/15/2009 4:21:31 PM
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| mjg300 8 posts msg #70725 - Ignore mjg300 |
1/15/2009 11:59:41 PM
Stunning... |
| Eman93 4,750 posts msg #70727 - Ignore Eman93 modified |
1/16/2009 12:35:26 AM
No back test!!!! Ha These are stats for one year. Criteria: Enter only after a gap down. Buy at 0.30 above the open profit target $1.50 Sell on open of next bar running 5 min bars, You hit the profit target 61% of the time, the dollars calculated using 100 shares. Stocks used for study: AAPL ABX ANR ICE MEE MON MOS POT RIMM This is long only no shorting......... I have no stop control because I suck at C# code so it may drop below the buy zone which should triger a stop, then bounce up to the 1.50 target for a win. Dont look at the losses I cant code the stop.... so on big down days I eat the loss on the back test, which would not be the case in a live trade. What you can take from this is you have a higher prob. of hitting your profit by fadeing the gap this stat can not be derived from the MTC scan. This is why TRO says always trade the fade. This is one trade per stock per day. The back test shows a buy and hold, yet the program sells the stock at last bar of the day, so ignor the last col. This could be automated and is on my list of goals to complet by the end of the year. |
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