| StockFetcher Forums · General Discussion · NEVER LOSE AGAIN!! | << 1 ... 72 73 74 75 76 ... 105 >>Post Follow-up |
| stratiG 147 posts msg #83557 - Ignore stratiG |
11/28/2009 10:06:39 AM SAFeTRADE, The 100 day Fade the Gap statistics filter on the first page of the fade the gap forum is much better than the one you posted. There is also a 30 day filter as well that is very good. GS |
| chetron 2,817 posts msg #83558 - Ignore chetron |
11/28/2009 10:22:59 AM stratiG, WHY DO YOU THINK THAT. REMEMBER, NO FILTER IS NECESSARILY BETTER THAN ANY OTHER AS LONG AS MONEY IS BEING MADE WITH THEM. |
| stratiG 147 posts msg #83562 - Ignore stratiG |
11/28/2009 11:57:12 AM chetron - Ignore chetron 11/28/2009 10:22:59 AM stratiG, WHY DO YOU THINK THAT. REMEMBER, NO FILTER IS NECESSARILY BETTER THAN ANY OTHER AS LONG AS MONEY IS BEING MADE WITH THEM. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------ You are right. I should choose my words more carefully. SAFeTRADE You might find the filters in the fad the gap forum useful. The filters in that forum have both statistics for gap ups and downs in the same filter. I use both the 100 day and 30 day. Have fun. GS |
| SAFeTRADE 649 posts msg #83563 - Ignore SAFeTRADE |
11/28/2009 12:12:59 PM It is not a trading filter. I was using it as a tool to better understand the relation between gaps and the MTC stocks. From what I understood about fading gaps, it was done at the open, as in immediately. I wanted to see whether a stock gapped up or down meant it would still cross the open + 50 cent or open - 50 cent. I now under stand fades as related to MTC stocks as being different as in waiting for the cross. Hence the example of BIDU. Even though it gapped up at the open 50 times, it still achieved the 50 cent threshold 98 out of 100 times. Fading that stock immediately would have killed me. I took that filter a little further and discovered that statistically speaking the bias was even better and gave more of an edge when a stock gapped up or down to make the +or- 50 cents. As I said earlier it is not a trading filter so much as a different lense to see the results. |
| miketranz 978 posts msg #83565 - Ignore miketranz |
11/28/2009 2:26:42 PM Avery,I read some of the material from Zweig's book from the link you provided.What an eye opener.I'm starting to realize how true it is about probabilities.My big question to you is,what trading method has an 80% or better chance of success? |
| stratiG 147 posts msg #83571 - Ignore stratiG |
11/28/2009 8:28:54 PM SAFeTRADE, I should of read your earlier post closer. No harm was intended. Just an idea---you can use the the 30 or 100 day gap filters, save the results to a watch list(s) and then run the watch list(s) through the MTC filter. And the reverse for the MTC stocks. GS |
| SAFeTRADE 649 posts msg #83574 - Ignore SAFeTRADE |
11/28/2009 9:03:44 PM None taken. |
| chetron 2,817 posts msg #83575 - Ignore chetron |
11/28/2009 9:11:52 PM SAFeTRADE, as tro has mentioned, the gap doesn't have to close to make you money, just take the .50 if it is also a mtc equity, that is his edge. |
| stratiG 147 posts msg #85634 - Ignore stratiG |
1/6/2010 11:06:19 AM First day back and nothing changes..... 
2 trades on both. TRO before you ask about the EMA(20), I am studying Brook's book on Price Action. |
| TheRumpledOne 6,529 posts msg #85764 - Ignore TheRumpledOne |
1/7/2010 5:00:28 PM stratiG: Each trader must find their own way. DON'T BE FOOLED BY SQUIGGLY LINES. When you understand the true nature of trading, you won't need them. Did you see SFO printed my letter to the editor in the Jan 2010 edition? Well, they edited it. Here's the full letter: Don't get me wrong, I like your magazine, but the NOV 2009 edition contains many of the reasons why 95% of traders lose. The Technical Analysis section was chock full of the trading "myths" that lead traders to ruin. Trading is simple. Price can only move up or down. Price action is simple: 1) Price will either breakout of the high, low or both of the previous bar 2) Price will not breakout of the previous bar. You cannot reduce it any further. Anything else complicates the issue. You do not need any "squiggly" lines to tell you what price is doing. There are no "magic numbers" that foretell the future. Save the "X"s and "O"s for football locker rooms. As long as the trading "myths" are propagated by the trading "gurus" the 95% number is not going get any smaller. The empirical evidence is in: TRADITIONAL TRADING EDUCATION AND METHODS ARE FAILURES. Avery T. Horton, Jr aka TheRumpledOne |
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