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Superfragalist,
Thank you for your comments on secondary entries; still lots of things I
need to learn.
Regards,
Cameron
----Original Message Follows----
From: superfragalist <no_reply@xxxxxxxxxxxxxxx>
Reply-To: equismetastock@xxxxxxxxxxxxxxx
To: equismetastock@xxxxxxxxxxxxxxx
Subject: [EquisMetaStock Group] Top 10 explorer filters/tests
Date: Thu, 14 Oct 2004 18:48:56 -0000
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--- Begin Message ---
In general, it takes many years of trial and error to develop
scanning code that will find "juicy stocks" as you referred to them.
Why would anyone just give hand their code to you? After testing
hundreds of formulas, I've only got a couple that generate high
percentage trades, and then those picks have to be filtered, or the
percentage of winners would be only so so.
Read the TASC article in January 2004 on TRIX and then read this
month's TASC article again on TRIX. See if you can get some ideas
from that.
That being said, many experienced traders don't use explorations to
find trades. They work from a list of between 100 and 500 stocks.
They generally flip through them by hand every night to find stocks
they want to trade. New traders make the mistake of thinking that the
only good entry point is at the beginning signal of whatever
indicators they use. Fools game.
You have to have secondary entries because you aren't going to catch
most stocks just as they trip your indicators. Higher probability
trades come from trends already underway with secondary entries. In
my experience, that's most of the game.
Good luck and have fun!
--- In equismetastock@xxxxxxxxxxxxxxx, "tomalbany" <tomalbany@xxxx>
wrote:
>
> greetings gentlemen,
>
> Was wondering if any here are willing to share their top 10
explorer
> tests that help you find the juiciest stock setups out there?
>
> I use the explorer and most of the time I use weekly macd crossover
> filter or price and volume breakout, but I am still not really
> finding the best setups.
>
> Have also tried the john murphy chart pattern recognition and that
> doesnt seem to find too many hot ones either..
>
> anyone else here have a few favorites that really filter out the
> GARBAGE and leave only the best sweetest setups and or patterns?
>
> Regards,
> Thomas
--- End Message ---
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