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Do you think if I'm trading 30 minute bars that the
support area I would look at would be the same as daily?
Not likely.
Dick.
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
DAVID H.
LINTON
To: <A
title=Metastockusers@xxxxxxxxxxxxxxx
href="mailto:Metastockusers@xxxxxxxxxxxxxxx";>Metastockusers@xxxxxxxxxxxxxxx
Sent: Tuesday, November 19, 2002 10:40
AM
Subject: Re: [Metastockusers] Re: Stock
Potential
Dick
Could you elaborate on 'Your trading timeframe is very
important in determining support/resistance levels'?
Thanks
David
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
rdb
To: <A
title=Metastockusers@xxxxxxxxxxxxxxx
href="mailto:Metastockusers@xxxxxxxxxxxxxxx";>Metastockusers@xxxxxxxxxxxxxxx
Sent: November 19, 2002 7:25 AM
Subject: Re: [Metastockusers] Re: Stock
Potential
Let me add my 2c..Remember all information
is worth what you paid for it <g>.I spent years looking for the
magical system only to be frustrated onhow it could find itself on the
top of a performance list and then tested on another market/security only to
migrate to the bottom..I've concluded that a basic simple system is the
best, at least for me..I call it as others do..the KISS
principle..
I the final analysis no matter what
system/methods you use you must follow your technique to a tee. You must
have a mental stop and you must do it..Capital preservation is more
important than any system, IMO..If you keep loosing too much you won't be in
the game too long and trading is a game..One book stated and I have never
forgotten it..Try to enter a market when the least movement will prove you
wrong..so I buy near support areas..I prefer to increase position size
if I was lucky and the market continues to move in the favorable
direction..You shouldn't bet it all on that initial position..
Your trading timeframe is very important in
determining support/resistance levels but timeframe isn't mentioned too
often. Once you enter a trade anything can happen no matter what your
methods suggested..Be prepared to be wrong and stick to whatever loss you
were willing accept before you entered the trade..Wishing and hoping haven't
worked for me..
It isn't predicting..it is
managing..
Dick.
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Steve
To: <A
title=Metastockusers@xxxxxxxxxxxxxxx
href="mailto:Metastockusers@xxxxxxxxxxxxxxx";>Metastockusers@xxxxxxxxxxxxxxx
Sent: Tuesday, November 19, 2002 6:43
AM
Subject: [Metastockusers] Re: Stock
Potential
Harold-ditto. Steve--- In <A
href="mailto:Metastockusers@x";>Metastockusers@x..., "anilkeshavji"
<anilkeshavji@x...>
wrote:> Harold> > ...very interesting reply...thanks
for taking time for write up...> > anil> > ---
In Metastockusers@x..., "hcour"
<hcourtney@x...> wrote:>
> Steve,> > > > Yeah, that's pretty much the
$100,000 question. There are probably > as > > many
different methods as there are traders. One thing you might > >
consider first is your "universe of stocks". Many traders prefer >
high > > liquidity. For instance I like to have at least 100K
average daily > > vol (50d), some prefer 300K, some 500K or even
more. I prefer > stocks > > over $10, preferably $20, but
others trade penny stocks and do > fine. > > You might
consider professional sponsorship. Stocks tend to move > >
better if the pro's are buying. You could limit yourself to stocks
> in > > the S&P 500, Naz 100, R2K, semi's, just
tech, whatever.> > > > Another way is to combine
fundamental and technical analysis. Find > > sectors/groups
w/strong fundamentals that haven't yet taken off > and >
> then apply TA to get a good entry point. MultexInvestor.com has
> some > > excellent screens for these kind of plays.
William O'Neil's > CANSLIM > > strategy also utilizes the
FA/TA combo.> > > > Once you've setup your universe of
stocks there are all kinds of > > scans. I'm sure lots of
members here have there own favs. A very > > popular method w/a
lot of traders and a good starting point is > simple > >
Relative Strength. You might start w/a scan of the S&P groups for
> > instance, to find those that are outperforming the rest of
the > > market. Then find the best stocks in those groups or
those that > look > > to have future potential which may
be late-bloomers. Another way, > or > > in conjunction
w/RS, is to find low-volatility situations using > > Historical
Volatility, Bollinger Bands, or Narrow-Range Bars, ect. > >
Explosive moves often follow low-volatility. Others use MACD > >
crossovers, RSI, blah blah blah. It goes on forever...> >
> > I'm currently experimenting w/one of Martin Pring's scans
that may > be > > promising. First, I copied all of the
TC2K groups into MS, then > > filtered out all stocks under 100K
and $3. I then made composites > of > > the groups, of
which there are about 240 in about 40 sectors. I > run a >
> momentum scan on all the groups to find those that are just >
starting > > to gather steam (where the indicator has crossed up
over its 10d > ma > > w/both lines trending up but still
under 0.). Then I scan those > > groups for ones in which the
momentum of the RS is just starting > to > > gather steam
(same criteria). The theory here is that, unlike RS > > scans
where the group/stock may have already shot its wad, this > scan
> > will find bottom candidates w/good solid upside
potential.> > > > I ran the scan the first time this
weekend. These are the most > > interesting of the results.
Charts are linked.> > > > Auto - Major
Manufacturers> > Auto - Auto Parts> > Chemicals -
Specialty> > Diverse Services - Rental & Leasing
Services> > Health Services - Long-Term Care Facilities>
> Leisure - Resorts & Casinos> > Manufacturing - Metal
Fabrication> > Retail - Dept. Stores> > Wholesale -
Auto Parts> > > > <A
href="http://photos.yahoo.com/bc/hcour/vwp?.dir=/&.dnm=1MoMo+Groups+11-";>http://photos.yahoo.com/bc/hcour/vwp?.dir=/&.dnm=1MoMo+Groups+11->
15-> > 02.GIF&.src=ph&.view=t&.hires=t> >
> > <A
href="http://photos.yahoo.com/bc/hcour/vwp?.dir=/&.dnm=2MoMo+Groups+11-";>http://photos.yahoo.com/bc/hcour/vwp?.dir=/&.dnm=2MoMo+Groups+11->
15-> > 02.GIF&.src=ph&.view=t&.hires=t> >
> > <A
href="http://photos.yahoo.com/bc/hcour/vwp?.dir=/&.dnm=ManMetFab+MoMo+11-";>http://photos.yahoo.com/bc/hcour/vwp?.dir=/&.dnm=ManMetFab+MoMo+11->
> 15-02.GIF&.src=ph&.view=t&.hires=t> > >
> Thses are short-term charts and show the groups in relation to
> their > > July lows. The first 2 charts show all the
groups except Metal > Fab. > > The 3rd chart shows the
Metal Fab group and the 5 stocks that make > up > > the
group.> > > > Of course, these composites are specific
to my filtering criteria. > So > > someone else's Metal
Fab group may not be in sync w/mine. This is > > just an example
of the method.> > > > Harold> > >
> > > > > > > > > --- In
Metastockusers@xxxx, "Steve" <steveftw@xxxx> wrote:> >
> Would anyone have any recommendations for specific indicators
or> > > studies for the potential of a stock? I've
found the hard way > that> > > picking the right entry
point is one thing - but finding the > stocks> > >
with the potential for substantial gains is quite another (I> >
> know-stating the obvious).> > > > > >
Thanks> > > > > > Steve in Ft.
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