TheRumpledOne
6,529 posts
msg #101818
- Ignore TheRumpledOne |
7/26/2011 1:54:51 PM
A gap does NOT have to be closed for it to be profitable.
No, I don't use this for earnings.
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mdaprasad
6 posts
msg #101844
- Ignore mdaprasad |
7/27/2011 12:38:18 PM
TRO,
What is your favorite COW these days? Is AAPL a good candidate? I ran MTC checker so should i go by the top in the list?
I ran this MTC Checker today I got PCLN as top candidate but it's too pricey for me, may be i should stick with less expensive one. Please suggest any less expensive stock for MTC.
Prasad
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TheRumpledOne
6,529 posts
msg #101852
- Ignore TheRumpledOne |
7/28/2011 9:21:25 AM
RIMM and AAPL.
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TheRumpledOne
6,529 posts
msg #102599
- Ignore TheRumpledOne |
9/13/2011 8:49:22 AM
This is too funny...
http://www.firsthourtrading.com/barchart.html
Sure looks like something I have seen before...LMAO!!!
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TheRumpledOne
6,529 posts
msg #102612
- Ignore TheRumpledOne
modified |
9/16/2011 11:51:50 AM
This is funny, check out what the well respected trader, Sam Seiden, had to say this week:
http://www.tradingacademy.com/lessons/20110907/featured_article.htm
"You see, this is where most people stumble. They don't go down the simple logic path we just went through. Instead, they buy a trading book that teaches them conventional Technical Analysis which is a very flawed school of thought. Or, they dive into the world of conventional Fundamental Analysis which has you buying when the news is good (at a high price) and selling when the news is bad (at a low price) which is a disaster for you, but a gift for those on the other side of your trades and investments."
Where have I heard that before?
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ramtrader
6 posts
msg #102626
- Ignore ramtrader
modified |
9/19/2011 9:02:28 PM
Thx TRO for sharing the MTC filter.
I have started to use the buy zone strategy using the MTC filter had good few days.
The stop for the buy zone gets tricky depending on the high priced stock used. Few times I got stopped because of the volatility. 20 cents stop on a $20 stock is not the same as 20 cents stop on a $400 stock (especially the ones that don't have tight bid / ask spread). Need to play with a better stop strategy based on the price of the stock. If anyone has thoughts on stop placement would be welcome.
Thx,
Sam
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TheRumpledOne
6,529 posts
msg #102632
- Ignore TheRumpledOne |
9/20/2011 1:41:08 AM
ramtrader, you only need to find ONE cow to milk.
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ramtrader
6 posts
msg #102633
- Ignore ramtrader |
9/20/2011 9:03:45 AM
Thanks TRO for the response.
I understand your point. Even in the case of AAPL, because of the price of the stock and the volatility involved, there is a good chance to hits the target but the zone stop being small (20 cents), it becomes tricky that stop is hit because of the same volatility before it hits the target and hence the question regarding the size of the stop.
Thx.
Sam
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TheRumpledOne
6,529 posts
msg #102635
- Ignore TheRumpledOne |
9/20/2011 12:01:34 PM
You have to be quick to take profit when you can so price doesn't reverse on you.
Don't trade wide spread stocks this way.
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vinci
13 posts
msg #102806
- Ignore vinci |
10/3/2011 1:03:49 AM
Does anybody here have the TRO Trade Zone ( buy Zone ) for Ninja Trader 7 ?
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