klynn55
747 posts
msg #120838
- Ignore klynn55 |
6/21/2014 1:11:26 PM
if you wish to find bottoms like JP , use rsi(14) crossing 30 from above, 60 minute chart, how long will it dwell below 30 , that's
anyone's guess, perhaps using your favorite MA cross will tell you when to long. it seems large gap downs and huge candles will act soon. DMND stayed under rsi14 30 , 60 minutes, for 10 days. perhaps using the cross over 30 will be a good in. a stock like NKTR stayed down for one day , June 3 . AWAY stayed down june 9, STV stayed down june 4. NWBO one day , june 19.
ZU part of June 20 th.
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johnpaulca
12,036 posts
msg #120851
- Ignore johnpaulca |
6/23/2014 10:01:17 PM
Need you guys help!! looking for a charting software similar to TOS. I got deleted from their database because I live in Canada. I received no notice from them, they deleted years of my work. This really sucks....thanks
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four
5,087 posts
msg #120852
- Ignore four
modified |
6/23/2014 11:03:26 PM
http://www.worden.com/products/tc2000
??
I have no experience with this software
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johnpaulca
12,036 posts
msg #120853
- Ignore johnpaulca |
6/23/2014 11:33:30 PM
four...what are you using?
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johnpaulca
12,036 posts
msg #120859
- Ignore johnpaulca |
6/24/2014 1:07:27 PM
johnpaulca
8,587 posts
msg #120832 6/20/2014 4:01:46 PM
johnpaulca
8,584 posts
msg #120831
- Edit message
modified 6/20/2014 3:42:00 PM
VRTX($64.35)...setting up for a pop, will have overnight risk
******************************************************************
pop.....high today $105
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four
5,087 posts
msg #120865
- Ignore four
modified |
6/25/2014 12:33:27 AM
four...what are you using?
JP,
-- Using StockFetcher.
- -
As you know from previous posts, over the years, I trade with some lack of statistics and trouble getting out of the trades. Also, if you see the stocks I post, they are usually dividend payers and not penny stocks. My way of "getting paid to wait". Of course, I limit my upside by trying to increase my win/loss ratio.
-logic-
Each time a stock pays a dividend I can reduce the break-even point (use a 3% dividend).
Approx. numbers::Invest $1000 and drops to $500 in 12 years = $500[50%] loss. Receive $30[dividends] * 12 years = $360. Loss is $140.
$140 is a14% loss that I would have set as a stop-loss.
I know, some stocks go to 0... some stocks reduce or stop dividends. But some keep steady and others raise dividends.
And I am always willing to take a small profit. "Invest long time frames and trade short time frames."
And yes the older I get the fewer 12 year ranges are possible!
Also, a stock that pays 3% and then add a few dollars in trading gains [1%] and you get a stock with a 4% "dividend".
-----
On another subject, I wish you offered a day trading course... Live phone support and tutoring.
--- Nicely Done --
VRTX($64.35)...setting up for a pop, will have overnight risk
******************************************************************
pop.....high today $105
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klynn55
747 posts
msg #120871
- Ignore klynn55 |
6/25/2014 11:48:34 AM
VRTX was news related , Four. try the rsi(14) under 30 , 60 minute chart for intraday trading.
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four
5,087 posts
msg #120872
- Ignore four |
6/25/2014 11:59:16 AM
klynn, Thank you
are you buying after the cross above
are you buying the first green candle
are you buying with a limit or a stop-limit of the candle high
In other words, what are the specifics of the entry?
how is the position closed out? stop-loss rules or gain rules?
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klynn55
747 posts
msg #120878
- Ignore klynn55 |
6/26/2014 3:43:57 AM
four: at the cross below 30 from above, daytrade when green to red, at the cross of rsi(14) 30 from below, daytrade when red to green. it's the only way i can see, again when is a bottom a bottom , or top , top. 60 minute chart
if you look at JP's post for bottoms in the last few weeks, all stocks were below rsi(14) 30 , including VRTX . , from 6/16 to 6/19, 60 minute chart.
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johnpaulca
12,036 posts
msg #120879
- Ignore johnpaulca |
6/26/2014 9:28:32 AM
Try playing with TSI helps with smoothing out some of the noise at the bottom.
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