Eman93 4,750 posts msg #71606 - Ignore Eman93 |
2/20/2009 11:49:47 AM
TRO
When it comes to trading the Forex market as well as other markets, only 5% of traders achieve the ultimate goal: to be consistent in profits. What is interesting though is that there is just a tiny difference between this 5% of traders and the rest of them. The top 5% grow from mistakes; mistakes are a learning experience, they learn an invaluable lesson on every single mistake made. Deep in their minds, a mistake is one more chance to try it harder and do it better the next time, because they know they might not get a chance the next time. And at the end, this tiny difference becomes THE big difference.
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That 5% Club
Thanks
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Eman93 4,750 posts msg #71607 - Ignore Eman93 modified |
2/20/2009 11:55:43 AM
TRO 9/18/2008 10:24:21 PM
You can enter a long trade anywhere from open + $.10 to open + $.20.. after that you are chasing.
This works on the stocks that I call COWS - stocks that have the stats that say, if price moves $.10 chances are it will move $.50 or more.
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Radiomuse 288 posts msg #71608 - Ignore Radiomuse |
2/20/2009 12:18:41 PM
TRO - thanks! So the MTC Checker is telling us the stocks that, if they go up .10 from open, there's a high probability they'll go up .50 from open. I assume you have the same stats filter for the downside - can you post it? I'm wondering if the companies looking good on one scan will typically look just as good the other direction.
Do you factor in Average Day Range at all? Do you like AAPL because the volume is so huge? I'm thinking AMZN, APOL, CELG are looking like good combinations of winpct, volume, ADR and price under $100 (just personal preference).
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Radiomuse 288 posts msg #71623 - Ignore Radiomuse |
2/20/2009 2:50:52 PM
Combining up winners and down winners into one list - NTRS looks like an interesting candidate.
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chetron 2,817 posts msg #71637 - Ignore chetron |
2/21/2009 1:42:44 PM
just a thought....
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TheRumpledOne 6,529 posts msg #71670 - Ignore TheRumpledOne |
2/23/2009 10:44:36 AM
FADE THE GAP
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13th_floor 724 posts msg #71683 - Ignore 13th_floor |
2/23/2009 9:21:31 PM
A thing of beauty!
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Eman93 4,750 posts msg #72914 - Ignore Eman93 |
3/19/2009 12:32:01 AM
I just realized you are doing the same thing as the fib zones more or less just with out the fib numbers, using hi low and close. What types of set ups do you find stronger than others?
Thanks.
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TheRumpledOne 6,529 posts msg #72919 - Ignore TheRumpledOne |
3/19/2009 8:56:00 AM
This has nothing to do with fib zones.
Read the thread if you want to understand.
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chetron 2,817 posts msg #72920 - Ignore chetron |
3/19/2009 9:17:17 AM
= )
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