chetron 2,817 posts msg #67291 - Ignore chetron modified |
9/15/2008 8:08:37 AM
fyi: the TRO STAT SCAN - TRAVEL GUIDE stats, ie: run,bounce,drop and pullback, have to be valid for aapl. it might be priced and percentaged out for peoples selection criteria, but the above stats have to be valid for all stocks.
sorry, i was refering to the run forest run thread and not the scan. i should have said "TRO STAT SCAN - TRAVEL GUIDE" scan.
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TheRumpledOne 6,529 posts msg #67293 - Ignore TheRumpledOne |
9/15/2008 10:08:08 AM
chetron
fyi: the TRO STAT SCAN - TRAVEL GUIDE stats, ie: run,bounce,drop and pullback, have to be valid for aapl. it might be priced and percentaged out for peoples selection criteria, but the above stats have to be valid for all stocks.
sorry, i was refering to the run forest run thread and not the scan. i should have said "TRO STAT SCAN - TRAVEL GUIDE" scan.
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The "TRO STAT SCAN - TRAVEL GUIDE" scan IS NOT for MTC stocks!!!
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chip 67 posts msg #67306 - Ignore chip |
9/15/2008 6:41:42 PM
Super textbook AAPL buyzone today.
Open at 142.03, immediately started filling the gap then went on to > 147.5.
My strategy today was to use the buy zone to trigger my entry into a couple of different AAPL option contracts. When AAPL hit 142.15 I bought 2 contracts then when AAPL had made $1 I was out.
TRO, later in the day, around 13:45, the short BZ was entered. Do you use the BZ then? Or just at open? One would have had to endure $2.50 in pain to get that last $1....
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guru_trader 485 posts msg #67313 - Ignore guru_trader modified |
9/15/2008 9:57:29 PM
Quote from TRO: What about all those indicators, EAs, blackboxes, trading signals and systems for sale? If one of them worked wouldn't it go "viral", too?
Sure, it could go viral but wouldn't it then become less effective as more people use it?
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TheRumpledOne 6,529 posts msg #67318 - Ignore TheRumpledOne |
9/16/2008 2:05:06 AM
The BUY ZONE is in effect ALL DAY LONG.
However, once the "stats" are put in,High - Open > $1 and Open - Low > $1, you are in uncharted waters.
The idea is to take advantage of the statistics of the price action.
And the MORE people that use a system the BETTER it should work... SUPPLY AND DEMAND... you just have to be quicker than the next trader, that's all.
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TheRumpledOne 6,529 posts msg #67319 - Ignore TheRumpledOne |
9/16/2008 2:08:08 AM
"TRO, later in the day, around 13:45, the short BZ was entered. Do you use the BZ then? Or just at open? One would have had to endure $2.50 in pain to get that last $1...."
If you mean you would take a draw down of $2.50 then YOU ARE NOT TRADING THE BUYZONE.
The worse case scenario is entering at the extreme of one zone and stopping out at the extreme of the other which is $.40!! Anything ELSE is NOT the BUY ZONE.
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TheRumpledOne 6,529 posts msg #67330 - Ignore TheRumpledOne modified |
9/16/2008 12:30:00 PM
JUST FADE THE GAP.
YELLOW LINE = PREVIOUS CLOSE
WHITE LINE = OPEN
BLUE LINES = LONG ENTRY ZONE
RED LINES = SHORT ENTRY ZONE
A picture or two is worth THOUSANDS OF DOLLARS.
Have to love the AAPL JUICE.
MOO!!
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chetron 2,817 posts msg #67331 - Ignore chetron |
9/16/2008 2:30:25 PM
TRO, HAVE YOU EVER TRIED TO WRAP THE BUYZONE AROUND THE OPEN ON A 1 OR 5 MINUTE CANDLE?
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TheRumpledOne 6,529 posts msg #67332 - Ignore TheRumpledOne |
9/16/2008 3:08:49 PM
I have no idea what you are asking.
Please rephrase.
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chetron 2,817 posts msg #67333 - Ignore chetron modified |
9/16/2008 3:24:20 PM
HAVE YOU EVER TRIED TO GO LONG, USING A ONE MINUTE CANDLE' S OPEN + 0.10. SCALPING.
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