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<span
>Interesting.
<span
>
<span
>So your
style is to hopefully buy at back at the April 1st support level of
about $28 and risk a ½ point if it violates support.
<span
>How has
this done for you?
<span
>
<span
>I have
always tried to buy on a breakout of any recent days intraday resistance [like
AMD and UIS today] and short on a breakdown through support, as in your
example.
<span
>
<font size=2 color=black
face=Tahoma>-----Original
Message-----
From: richandellen
[mailto:richandellen@xxxxxxxxxxx]
Sent: Tuesday, April 15, 2003
11:19 AM
To: Metastockusers@xxxxxxxxxxxxxxx
Subject: Re: [Metastockusers]
EXPLORER
<span
>
<font size=2 color=black
face=Arial>Nothing
works 100% but look at MO for example..<span
>
<font size=2 color=black
face=Arial>I would
look for it get back around the $28 area before I considered a
position..Probably exit if went against my position around $27.50..<font
color=black>
<font size=2 color=black
face=Arial>MO is
strong today..may never get there again..Who knows..(nobody<g>.)<font
color=black>
<font size=2 color=black
face=Arial>This is
daily information..Of course minute charts and a different timeframes usually
draw different conclusions.<span
>
<font size=2 color=black
face=Arial>These
are what work for me..everyone has to develop a method that one
is comfortable with..<span
>
<font size=3 color=black
face="Times New Roman"> <font
color=black>
<font size=2 color=black
face=Arial>-----
Original Message ----- <span
>
<font size=2 color=black
face=Arial>
From:<font size=2 color=black
face=Arial> <a
href="" title="tstrickland@xxxxxxxxxxx">Tom
Strickland
<font size=2 color=black
face=Arial>To:<span
> <a
href=""
title="Metastockusers@xxxxxxxxxxxxxxx">Metastockusers@xxxxxxxxxxxxxxx <font
size=2 color=black face=Arial>
<font size=2 color=black
face=Arial>Sent:<span
> Tuesday, April 15, 2003
11:03 AM<span
>
<font size=2 color=black
face=Arial>Subject:<font size=2 color=black
face=Arial> Re:
[Metastockusers] EXPLORER<span
>
<font size=3 color=black
face="Times New Roman"> <font
color=black>
<font size=2 color=black
face=Arial>How do
you determine support and resistance?<span
>
<font size=2 color=black
face=Arial>-----
Original Message ----- <span
>
<font size=2 color=black
face=Arial>
From:<font size=2 color=black
face=Arial> <a
href="" title="richandellen@xxxxxxxxxxx">richandellen
<font size=2 color=black
face=Arial>To:<span
> <a
href=""
title="Metastockusers@xxxxxxxxxxxxxxx">Metastockusers@xxxxxxxxxxxxxxx <font
size=2 color=black face=Arial>
<font size=2 color=black
face=Arial>Sent:<span
> Tuesday, April 15, 2003
6:35 AM<span
>
<font size=2 color=black
face=Arial>Subject:<font size=2 color=black
face=Arial> Re:
[Metastockusers] EXPLORER<span
>
<font size=3 color=black
face="Times New Roman"> <font
color=black>
<font size=2 color=black
face=Arial>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..<font
color=black>
<font size=2 color=black
face=Arial>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..
<font size=2 color=black
face=Arial>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..<font
color=black>
<font size=2 color=black
face=Arial>-----
Original Message ----- <span
>
<font size=2 color=black
face=Arial>
From:<font size=2 color=black
face=Arial> <a
href="" title="uhehs@xxxxxxxx">uhehs@xxxxxxxx
<font size=2 color=black
face=Arial>To:<span
> <a
href=""
title="Metastockusers@xxxxxxxxxxxxxxx">Metastockusers@xxxxxxxxxxxx com <font
size=2 color=black face=Arial>
<font size=2 color=black
face=Arial>Sent:<span
> Monday, April 14, 2003
11:20 PM<span
>
<font size=2 color=black
face=Arial>Subject:<font size=2 color=black
face=Arial>
[Metastockusers] EXPLORER<span
>
<font size=3 color=black
face="Times New Roman"> <font
color=black>
<span
class=EmailStyle16>OK, I’m calling it a night.
<span
class=EmailStyle16>Here’s what I’ve come up
with from your collective inputs.
Remember, this is only the Long Exploration. I’ll put together the Short tomorrow.
<span
class=EmailStyle16>Thank you to all who wrote
me personally with their input.
Especially the Instant Messenger comrade, we got a lot of brainstorming
done.
<span
class=EmailStyle16>
<span
class=EmailStyle16>I came up with 14 stocks
from my local data. I’ll watch
them trade over the next few days and see where improvements can be made.
<span
class=EmailStyle16>Here they are ADM, ALA,
AMD, AOL, ASKJ, CE, GSPN, NTAP, PCG, RSAS, TMPW, UIS, WMB, X.
<span
class=EmailStyle16>
<span
class=EmailStyle16>I’m really amazed how this
came together just over the last few hours. Keep offering suggestions. If someone sees a pattern I may be overlooking, EMAIL IT.
<span
class=EmailStyle16>The next step might be to
develop a System to test. That’s
were I’m going to draw a blank, so help is needed.
<span
class=EmailStyle16>
<span
class=EmailStyle16>The Filter code follows:
<span
class=EmailStyle16>
<span
class=EmailStyle16>C>=5 AND C<=15 AND
<span
class=EmailStyle16>
<span
class=EmailStyle16>(C>SAR(.02,.2)) AND
<span
class=EmailStyle16>
<span
class=EmailStyle16>(MACD()>Mov(MACD(),9,E))
AND
<span
class=EmailStyle16>(MACD()>0) AND
<span
class=EmailStyle16>
<span
class=EmailStyle16>((PDI(14)-MDI(14))>0)
AND
<span
class=EmailStyle16>
<span
class=EmailStyle16>(Mov(V,14,S)>10000) AND
(V>10000) AND
<span
class=EmailStyle16>
<span
class=EmailStyle16>(Mov(C,7,E)>Mov(C,14,E))
AND
<span
class=EmailStyle16>
<span
class=EmailStyle16>((ADX(14)>PDI(14)) OR
(ADX(14)>Mov(ADX(14),14,S))) AND
<span
class=EmailStyle16>
<span
class=EmailStyle16>((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
<span
class=EmailStyle16>
<span
class=EmailStyle16>OBV()>(Mov(OBV(),14,E))
AND
<span
class=EmailStyle16>
<span
class=EmailStyle16>RSI(14)>50 AND
<span
class=EmailStyle16>
<span
class=EmailStyle16>RSI(14)<70 AND
<span
class=EmailStyle16>
<span
class=EmailStyle16>((RMI(C,14,14)>60) OR
(RMI(C,14,14)>Mov(RMI(C,14,14),7,E))) AND
<span
class=EmailStyle16>
<span
class=EmailStyle16>((PFE(C,14,7)>0) OR
(PFE(C,14,7)>Mov(PFE(C,14,7),7,E)) OR
<span
class=EmailStyle16>(Mov(PFE(C,14,7),7,S)>0))
<font size=3 color=black
face="Times New Roman">
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