Kevin_in_GA
4,599 posts
msg #86433
- Ignore Kevin_in_GA |
1/17/2010 9:00:43 AM
I posted the same observation a while back - why 0.20 on AAPL when it is at 80, and not now 0.50 when it is over 200? Shouldn't we be looking for 0.25%?
The answer TRO gave was "that is not how the statisitcs were calculated."
Not entirely satisfying. I wrote my own variant of this MTC filter to meet my needs which just looks for the same characteristics in percentages rather than in cents.
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stratiG
147 posts
msg #86437
- Ignore stratiG |
1/17/2010 10:21:19 AM
so i'm reading this thread and getting a headache. so tell me can you lose on a daily basis? are there days when you lose? i'm getting it a little more but what prevents you from making a 5 minute video to compress and simplify this amazing technique?
mesayah
- Ignore mesayah
modified 1/16/2010 1:32:02 AM
OK Brother. Great thread and i dig, but you have to be more upfront about your schism about scalping and boasting when you let it ride, for anyone could tell that if scalping, you're out early and that's it!! And the whipsaw around the red & blue lines can rip u a new anus... but a very interesting read.
1 question. If you go long and get out and price comes back to blue, can you opt to go long again? Or do you opt to go alternately long lets say after a red candle turns green again way above the zone?
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My take:
scalping and boasting when you let it ride
To make this clear---I scalp 2/3 of my position let the remainder ride and manage it.
tell me can you lose on a daily basis?
I did when I started trading this system. I kept changing the stocks I was trading and was always trying to wait for price to go to .50. Praying that it would go higher.
are there days when you lose
There has been, but my winning days have out numbered my losers.
If you go long and get out and price comes back to blue, can you opt to go long again?
You can opt to get back in, but the stats are daily.
Or do you opt to go alternately long lets say after a red candle turns green again way above the zone?
Not this system. but I have been working on short at the +.50 and long at -.50, but have not traded it. Just observation.
I hope this helped Messayah. I had many of the same questions when I started looking at this. if you are thinking of
trying this method, I would suggest starting with 100-200 share lots. That's what I did.
GS
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miketranz
978 posts
msg #86438
- Ignore miketranz |
1/17/2010 10:35:07 AM
The problem is with whipsaws.Why couldn't someone filter out stocks that open where they close and not cross back intra day below the open.That would be a filter you can make money with,stand alone.Chet????
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mesayah
658 posts
msg #86446
- Ignore mesayah |
1/17/2010 2:23:46 PM
You know i'm starting to like this method but i'm worried about those days where it whipsaws at turnaround point all day. or is this insignificant considering how profitable other days are.
My other question is do you dump a bad long trade when it hits the daily open or when it hits -.10 red?
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mesayah
658 posts
msg #86448
- Ignore mesayah |
1/17/2010 2:26:20 PM
So Stratig, have you done a comparison of scalping and letting it ride and only switching on crossover? Which comes out ahead or does it vary?
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tmanbone
124 posts
msg #86463
- Ignore tmanbone |
1/17/2010 7:44:52 PM
StratiG are you calling your cows with this filter:
Thanks,
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mesayah
658 posts
msg #86474
- Ignore mesayah |
1/17/2010 10:32:51 PM
I thought about that also Mike. A filter where stocks with a disproportionate lack of swinging back over open can be pulled. can anyone code that?
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Eman93
4,750 posts
msg #86476
- Ignore Eman93 |
1/17/2010 11:32:01 PM
stratiG
- Ignore stratiG 1/15/2010 5:33:31 PM
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This is a scalping method in/out usually within the first 5 minutes. I wish I was smart enough to have
figured this out on my own, but I went to Yale and studied how to make thing more complicated than they need to be. This is Master TRO's method and I am his grasshopper. I was thinking about teaching my 5 year old to push a button over her summer break, so I can add another ticker. Not sure if my wife will go for it. I think I'll bring it up over dinner tonight.
I would read the the NEVER LOSE AGAIN thread over and over again to you figure it out. All the answer are here. If you don't understand something, I'll be happy to try and answer your questions. If you need the code for NinjaTrader, I will e-mail them to you. Otherwise, the code for e-signal and Tradestration are on Kreslik.com. Good Luck.
GS
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I have a question............ how are you trading this method?
Use TS and have all your orders auto loaded with stop limit buys and a $.10 trail?
Use stop loss buys?
What has been working for you?
Thanks
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stratiG
147 posts
msg #86549
- Ignore stratiG |
1/19/2010 9:25:05 AM
So Stratig, have you done a comparison of scalping and letting it ride and only switching on crossover? Which comes out ahead or does it vary?
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I have not done that comparison, but worth looking into.
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stratiG
147 posts
msg #86550
- Ignore stratiG
modified |
1/19/2010 9:28:40 AM
StratiG are you calling your cows with this filter:
Thanks,
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I use the filter that shows +- .10/.50. It's somewhere in this tread.
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