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1. What sort of backtesting have you done with the combination of these indicators on similar stocks? What were your results?
2. What is the significance of a 30 min intraday close as a trigger point?
3. A 10 cent stop is far less that yesterday's daily range, less than several of the daily ranges of the bars in the last couple of weeks of trading and even less than the range of the same 30 min bar you are basing your trigger on. Seems tight.
4. They say a picture is worth a thousand words. Please attach a .gif of the chart(s) you are looking at.
5. Have an exit strategy before entering a trade. You may not know the exact price but at least know how you will determine it when it happens. Plan the trade and trade the plan.
6. I haven't focused on your indicators but are any redundant? For example, Aroon Up and ADX both suggest strong trends are in place. I believe RSI's and MA's are very highly correlated (there was an article in Active Trader not too long ago if anyone recalls it that showed the mathematical details).
Good Trading,
Joe J.
-----Original Message-----
From: uhehs@xxxxxxxx [mailto:uhehs@xxxxxxxx]
Sent: Wed 6/4/2003 5:54 PM
To: Metastockusers@xxxxxxxxxxxxxxx
Cc:
Subject: RE: [Metastockusers] Re: specific stock trades
Yes, those were my intentions.
Ok, here’s my contribution:
I’ve got a trade set up for Thursday morning to go……………….Long CYSV on a
trigger of $3.36. ($3.35 was the highest closing bar I saw on a 30-MIN
chart)
I’m basing my trade on the fact that Price is above my upper Bollinger (I’m
using 15 EMA midpoint w/2 StdDev’s),
7 EMA > 15 EMA
AroonUP(14) = 100
AroonDOWN(14) = 0
+DMI(14) > -DMI(14)
ADX(14) = 30 and rising.
EMV(14) > 0 and above it’s 15 EMA
MFI(14) = 80
RSI(14) = 70
RMI(15,5) = 87
THIS DATA IS FROM MY DAILY CHART. MY 30-MIN CHARTS CONFIRM.
Trailing Sell stop starting at $3.26 and rising every 10cents.
Target, not sure. It did trade up to $3.60 intraday, that would be nice.
-----Original Message-----
From: Henry Z Kaczmarczyk [mailto:henry1224@xxxxxxxxx]
Sent: Wednesday, June 04, 2003 8:21 PM
To: Metastockusers@xxxxxxxxxxxxxxx
Subject: [Metastockusers] Re: specific stock trades
I wouldn't have a problem with people talking about their trades as
long as they describe the signals that helped them make their
descision.
What I object to is the blatent posts that claim 200% profit, just
click on my link and I'll show you how. now you find out that you
have to subscribe to a online newsletter.
If you have a trade in mind and feel questionable about it, then
describe your system and accept the feedback from the members.
Henry
--- In Metastockusers@xxxxxxxxxxxxxxx, "Joe J." <jojab@xxxx> wrote:
> In checking the description of this Yahoo Group, it says
simply, "A place to exchange Metastock ideas and formulas". I think
as long as you are posting things that you are doing with MS, it is
a great idea. My vote would be to go ahead and do this. I agree
that it would be a great way to see what others are doing with MS.
>
> Good Trading,
>
> Joe J.
> -----Original Message-----
> From: uhehs@xxxx [mailto:uhehs@x...]
> Sent: Wednesday, June 04, 2003 10:12 AM
> To: Metastockusers@xxxxxxxxxxxx com
> Subject: [Metastockusers] specific stock trades
>
>
> I never see anyone talking about specific trades they are looking
to enter [that may be a good thing in a way].
>
> But if anyone would like to swap ideas on a daily basis [either
via email or Instant Messenger] I'd like to put together a few heads
and see what we can come up with collectively.
>
> I think it would be a great way to see what others are doing on a
daily basis and their thought process behind their trades.
> [I trades stocks, long and short, only]
>
> Anyone interest, email me.
>
> Yahoo! Groups Sponsor
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