The TRO HOLO - SHORT CANDIDATES FILTER displays stocks that have closed above the highest open price over the last 34 and 89 days. Why 34 and 89? No reason in particular but they are Fib numbers. I may write version for the last 13, 26 and 52 weeks. The periods aren't really important.
We say price is up for the day when the price is ABOVE THE OPEN.
We say price is down for the day when the price is BELOW THE OPEN.
It stands to reason if price is above the highest open over the last X periods, then price is up.
It also stands to reason if price is below the lowest open over the last X periods, then price is down.
Therefore, entering a trade at the highest or lowest open price gives one the best opportunity to make money based on price direction.
Important Disclaimer:
Upon viewing, reading, utilizing, downloading, participation, attending, registration and/or purchase/attendance in/of ANYTHING, I hereby waive all claims against ANYBODY for any loss in trading or personal expense I incur related to but not limited to these materials/webinars/chat rooms/channels/seminars/newsletters and events.
I am aware and agree that these materials/webinars/chat rooms/channels/seminars/newsletters and events are provided/conducted for educational purposes only and Nothing provided is to be taken as trading advice.
IMPORTANT:
The risk of loss in online trading futures, options, cash currencies and other leveraged transaction products can be substantial. Therefore only "risk capital" should be used. Futures, options, cash currencies and other leveraged transaction products are not suitable investments for everyone. The valuation of futures, options, cash currencies and other leveraged transaction products may fluctuate and as a result clients may lose more than the amount originally invested and may also have to pay more later. Consider your financial condition before deciding to invest or online trade.
CFTC RULE 4.41
Hypothetical or simulated performance results have certain inherent limitations unlike actual performance record: simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or overcompensated of the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No presentation is being made that any account will or is likely to achieve profits or losses similar to those predicted or shown.
Important Disclaimer:
Upon viewing, reading, utilizing, downloading, participation, attending, registration and/or purchase/attendance in/of ANYTHING, I hereby waive all claims against ANYBODY for any loss in trading or personal expense I incur related to but not limited to these materials/webinars/chat rooms/channels/seminars/newsletters and events.
I am aware and agree that these materials/webinars/chat rooms/channels/seminars/newsletters and events are provided/conducted for educational purposes only and Nothing provided is to be taken as trading advice.
IMPORTANT:
The risk of loss in online trading futures, options, cash currencies and other leveraged transaction products can be substantial. Therefore only "risk capital" should be used. Futures, options, cash currencies and other leveraged transaction products are not suitable investments for everyone. The valuation of futures, options, cash currencies and other leveraged transaction products may fluctuate and as a result clients may lose more than the amount originally invested and may also have to pay more later. Consider your financial condition before deciding to invest or online trade.
CFTC RULE 4.41
Hypothetical or simulated performance results have certain inherent limitations unlike actual performance record: simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or overcompensated of the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No presentation is being made that any account will or is likely to achieve profits or losses similar to those predicted or shown.
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