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How do you determine support and
resistance?
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
<A title=richandellen@xxxxxxxxxxx
href="">richandellen
To: <A
title=Metastockusers@xxxxxxxxxxxxxxx
href="">Metastockusers@xxxxxxxxxxxxxxx
Sent: Tuesday, April 15, 2003 6:35
AM
Subject: Re: [Metastockusers]
EXPLORER
I'm a fan of Wyckoff's general methods and one
statement he made was ..enter a trade when the smallest movement will tell you
that you are wrong..
For me that is buying close to/at support and
selling close to/at resistance..Some of your choices are in the middle of
recent trading ranges, not where I would go without a tight stop, but
each to their own. You might consider using
percentages as objectives rather than 1/2 point moves..Hundreds of stocks move
1/2 point..Obviously a $100 stock is more likely to do this than a $5.00
issue..
How you manage the trade is more important than
the particular stock..I knew a successful trader that for weeks would only
trade one stock, both ways..
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
uhehs@xxxxxxxx
To: <A
title=Metastockusers@xxxxxxxxxxxxxxx
href="">Metastockusers@xxxxxxxxxxxx
com
Sent: Monday, April 14, 2003 11:20
PM
Subject: [Metastockusers]
EXPLORER
<FONT face=Arial color=black
size=2><SPAN
>OK,
I’m calling it a night.
<FONT face=Arial color=black
size=2><SPAN
>Here’s
what I’ve come up with from your collective inputs.<SPAN
> Remember, this is only the Long
Exploration. I’ll put together
the Short tomorrow.
<FONT face=Arial color=black
size=2><SPAN
>Thank
you to all who wrote me personally with their input.<SPAN
> Especially the Instant Messenger
comrade, we got a lot of brainstorming
done.
<FONT face=Arial color=black
size=2><SPAN
>
<FONT face=Arial color=black
size=2><SPAN
>I
came up with 14 stocks from my local data.<SPAN
> I’ll watch them trade over the next
few days and see where improvements can be
made.
<FONT face=Arial color=black
size=2><SPAN
>Here
they are ADM, ALA, AMD, AOL, ASKJ, CE, GSPN, NTAP, PCG, RSAS, TMPW, UIS,
WMB, X.
<FONT face=Arial color=black
size=2><SPAN
>
<FONT face=Arial color=black
size=2><SPAN
>I’m
really amazed how this came together just over the last few hours.<SPAN
> Keep offering suggestions.<SPAN
> If someone sees a pattern I may be
overlooking, EMAIL IT.
<FONT face=Arial color=black
size=2><SPAN
>The
next step might be to develop a System to test.<SPAN
> That’s were I’m going to draw a
blank, so help is needed.
<FONT face=Arial color=black
size=2><SPAN
>
<FONT face=Arial color=black
size=2><SPAN
>The
Filter code follows:
<FONT face=Arial color=black
size=2><SPAN
>
<FONT face=Arial color=black
size=2><SPAN
>C>=5
AND C<=15 AND
<FONT face=Arial color=black
size=2><SPAN
>
<FONT face=Arial color=black
size=2><SPAN
>(C>SAR(.02,.2))
AND
<FONT face=Arial color=black
size=2><SPAN
>
<FONT face=Arial color=black
size=2><SPAN
>(MACD()>Mov(MACD(),9,E))
AND
<FONT face=Arial color=black
size=2><SPAN
>(MACD()>0)
AND
<FONT face=Arial color=black
size=2><SPAN
>
<FONT face=Arial color=black
size=2><SPAN
>((PDI(14)-MDI(14))>0)
AND
<FONT face=Arial color=black
size=2><SPAN
>
<FONT face=Arial color=black
size=2><SPAN
>(Mov(V,14,S)>10000)
AND (V>10000) AND
<FONT face=Arial color=black
size=2><SPAN
>
<FONT face=Arial color=black
size=2><SPAN
>(Mov(C,7,E)>Mov(C,14,E))
AND
<FONT face=Arial color=black
size=2><SPAN
>
<FONT face=Arial color=black
size=2><SPAN
>((ADX(14)>PDI(14))
OR (ADX(14)>Mov(ADX(14),14,S))) AND
<FONT face=Arial color=black
size=2><SPAN
>
<FONT face=Arial color=black
size=2><SPAN
>((AroonUp(14)-AroonDown(14))>0
OR ((AroonUp(14)-AroonDown(14))>Mov((AroonUp(14)-AroonDown(14)),14,S)) OR
(Mov((AroonUp(14)-AroonDown(14)),14,S)>0))
AND
<FONT face=Arial color=black
size=2><SPAN
>
<FONT face=Arial color=black
size=2><SPAN
>OBV()>(Mov(OBV(),14,E))
AND
<FONT face=Arial color=black
size=2><SPAN
>
<FONT face=Arial color=black
size=2><SPAN
>RSI(14)>50
AND
<FONT face=Arial color=black
size=2><SPAN
>
<FONT face=Arial color=black
size=2><SPAN
>RSI(14)<70
AND
<FONT face=Arial color=black
size=2><SPAN
>
<FONT face=Arial color=black
size=2><SPAN
>((RMI(C,14,14)>60)
OR (RMI(C,14,14)>Mov(RMI(C,14,14),7,E)))
AND
<FONT face=Arial color=black
size=2><SPAN
>
<FONT face=Arial color=black
size=2><SPAN
>((PFE(C,14,7)>0)
OR (PFE(C,14,7)>Mov(PFE(C,14,7),7,E))
OR
<FONT face=Arial color=black
size=2><SPAN
>(Mov(PFE(C,14,7),7,S)>0))To
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