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Filter Exchange · Building MACD filters
holygrail
msg #27237
7/6/2003 2:59:35 PM

For the record, this is NOT Holygrail. I am his trading buddy.

"proffessional"?

Sometimes, life is just too dang funny!


General Discussion · Help with close - low as a percentage of high - low
holygrail
msg #27236
7/6/2003 2:48:47 PM

For the record, this is NOT Holygrail. I am his trading Buddy.


Filter[set{cml,close - low}
set{hml,high - low}
set{x,cml / hml}
show stocks where x greater .80]



Filter Exchange · best filter in the world-here it is guys
holygrail
msg #27234
7/6/2003 1:07:49 PM


For the record this is NOT Holygrail.. this is his trading buddy.

To Wozwon:

Please reread the entire post.. the filter is in there.

This is one reason why I will be reluctant to post in the future.



General Discussion · Notes I have been collecting
holygrail
msg #27214
7/5/2003 9:11:45 PM

For the record, this is NOT Holygrail. This is his trading buddy.


=======================================================================
from THE TRADING ZONE, Mark Douglas

page 121

1) Anything can happen

2) You don't need to know what is going to happen next in order to make money.

3) There is a random distribution between the wins and losses for any given set of variables that define an edge.

4) An edge is nothing more than an indication of a higher probability of one thing happining over another.

5) Every moment in the market is unique.

page 185

I AM A CONSISTENT WINNER BECAUSE:

1) I objectively indentify my edges.

2) I predefine the risk of every trade.

3) I completely accept the risk or I am willing to let go of the trade.

4) I act on my edges without reservation or hesitation.

5) I pay myself as the market makes money available to me.

6) I continually monitor my susceptibility for making errors.

7) I understand the absolute necessity of these principles of consistent success and, therefore, I never violate them.

======================================================================
FOLLOW THESE STOCK TIPS FOR SUCCESSFUL DAYTRADING

BUY LOW SELL HIGH

TAKING SMALL PROFITS = HUGE GAINS

USE STOP LOSSES (7-10%)

BE AWARE THAT MARKETS ARE MOVED BY GREED & FEAR

ALWAYS DO YOUR OWN DUE DILIGENCE

USE THE STOCK PICKS AS A WATCH LIST DON'T JUST BUY BLINDLY

DON'T FALL IN LOVE WITH YOUR STOCKS (have "short affairs" with them)


=======================================================================
Trading Rules
=======================================================================

1. Plan your trades. Trade your plan

2. Keep records of your trading results.

3. Keep a positive attitude, no matter how much you lose.

4. Don't take the market home.

5. Successful traders buy into bad news and sell into good news.

6. Successful traders are not afraid to buy high and sell low.

7. Successful traders have a well-scheduled planned time for studying the markets.

8. Successful traders isolate themselves from the opinions of others.

9. Continually strive for patience, perseverance, determination, and rational action.

10. Limit your losses - use stops ! ( mental imo )

11. Never Cancel a stop loss order after you have placed it!

12. Place the stop at the time you make your trade.

13. Never get into the market because you are anxious because of waiting.

14. Avoid getting in or out of the market too often.

15. Losses make the trader studious - not profits. Take advantage of every loss to improve your knowledge of market action.

16. The most difficult task in speculation is not prediction but self - control. Successful trading is difficult and frustrating. You are the most important element in the equation for success.

17. Always discipline yourself by following a pre - determined set of rules.

18. Remember that a bear market will give back in one month what a bull market has taken a three months to build.

19. Don't ever allow a big winning trade to turn into a loser. Stop yourself out if the market moves against you 20% from your peak profit point.

20. You must have a program, you must know your program, and you must follow your program.

21. Expect and accept losses gracefully. Those who brood over losses always miss the next opportunity, which more than likely will be profitable.

22. Split your profits right down the middle and never risk more then 50% of them again in the market.

23. The key to successful trading is knowing yourself and your stress point.

24. The difference between winners and losers isn't so much native ability as it is discipline excercised in avoiding mistakes.

25. In trading as in fencing there are the quick and the dead.

26. Speech may be silver but silence is golden. Traders with the golden touch do not talk about their success.

27. Dream big dreams and think tall. Very few people set goals too high. A man becomes what he thinks about all day long.

28. Accept failure as a step towards victory.

29. Have you taken a loss? Forget it quickly. Have you taken a profit? Forget it even quicker! Don't let ego and greed inhibit clear thinking and hard work.

30. One cannot do anything about yesterday. When one door closes, another door opens. The greater opportunity always lies through the open door.

31. The deepest secret for the trader is to subordinate his will to the will of the market. The market is truth as it reflects all forces that bear upon it. As long as he recognizes this he is safe. When he ignores this, he is lost and doomed.

32. It's much easier to put on a trade than to take it off.

33. If a market doesn't do what you think it should do, get out.

34. Beware of large positions that can control your emotions. Don't be overly aggressive with the market. Treat it gently by allowing your equity to grow steadily rather than in bursts.

35. Never add to a losing position.

36. Beware of trying to pick tops or bottoms.

37. You must believe in yourself and your judgment if you expect to make a living at this game.

38. In a narrow market there is no sense in trying to anticipate what the next big movement is going to be - up or down.

39. A loss never bothers me after i take it. I forget it overnight. But being wrong and not taking the loss - that is what does the damage to the pocket book and to the soul.

40. Never volunteer advice and never brag of winnings.

41. Of all speculative blunders, there are few greater than selling what shows a profit and keeping what shows a loss.

42. Standing aside is a position.

43. It is better to be more interested in the market's reaction to new information that in the piece of news itself.

44. If you don't know who you are , the markets are an expensive place to find out.

45. In the world of money, which is a world shaped by human behavior, nobody has the foggiest notion of what will happen in the future. Mark that word - Nobody! Thus the successful trader does not base moves on what supposedly will happen but reacts instead to what does happen.

46. Except in unusual circumstances, get in the habit of taking your profit too soon. Don't torment yourself if a trade continues winning without you. Chances are it won't continue long. If it does, console yourself by thinking of all the times when liquidating early reserved the gains that you would have otherwise lost.

47. When the ship starts to sink, don't pray - jump.

48. Lose your opinion - not your money.

49. Assimilate into your very bones a set of trading rules that works for you.
=============================================================================


KEY TIMES DURING THE MARKET DAY FOR TRADERS
As you will see, there are key times that we look for during the trading day as being pivotal. Most days, the action centers around those times. Other times of the day are more suitable for a trip to the gas station or lawn bowling; Here are the pivot times we look at for signs of life: (All times are EST)

9:30-9:50...Approx first 20 minutes of trading day. Time when beginning traders lose money on whipsaws and experienced ones capture quick profits. Avoid if you are the former.

9:50-10:10..Oftimes a period of reversal for early morning trades. Market begins to settle into reality as early morning traders take their profits and swing traders look for opportunities.

10:10 to 10:25...usually a continuation of whatever trend was set up in last period.

10:25-10:35 ...A decision point for traders. Many times a turning point reversal or accelerated continuation of previous setup.

11:15-2:00...go bowling...this is the "dangerous time of day" . Traders lunch out and scalpers try to push the indices around to make a quarter here or there.

2:00-2:30...market usually begins to pick up steam:

2:30-3:00...called the 3:00 bubble, even on weak days can show strength into the next pivot point

3:05..if last period was just a bubble, will begin to break here, Otherwise can be a good pivot point.

3:25-3:35...for trending days, this is the time when trends tend to play out

3:40-3:45...can see reversals or acceleration into the close. Reason is that all floor traders have their MOC orders in and everyone has a pretty good idea where the closing range will be.

:: Henry Ford ::
=======================================================================

TRADING RULES AND DISCIPLINES
By Brad (Iceman039)


1) Always write down your trading rules and disciplines; never assume you know them all. A written set of rules and disciplines show you are committed to this business. You can add to these rules as you trade and develop strategies.

2) Always refer to and follow your “pre-determined” rules and disciplines. Don’t just write these down, refer to them regularly and “live” by them. Be disciplined - the market pays you to be disciplined.

3) Treat trading as if it is your own business. You are the President and C.E.O. of your own company. This is real money; it’s your money - protect your interests at all times.

4) Always use “stop-loses” and stick to them. Know your stop-lose before you enter a trade and put it into play.

5) Never let a winning trade turn into a losing trade. Profits are profits no matter how small and they all add up in the end. Remember, “no one ever lost money taking a profit”.

6) Never let a day-trade turn into a bad investment. It may be big enough to take you right out of the trading business and see you sitting on the sidelines. DON’T BECOME A “BAG-HOLDER” !

7) A true day-trader is “flat” at the end of each day. Be “clean and green”.

8) If you make 3 or more bad trades in a row - STOP TRADING. Go back to “paper trading”. Once you have made 3 or more successful trades then re-enter the “real money” trades with a lower than usual share amount. Earn the right to trade larger share quantities.

9) Leave your emotions out of the trading business. Your emotions will never effect the direction of a stock and its value. If you lose at a trade except your loses “gracefully” and move on. Don’t waste time “stewing” over the trade or you may miss out on the next opportunity.

10) Do not take a trade just to trade because you’re anxious to get back in. Always know why you’re going into a trade before you buy into it. Plan your trades and trade your plans.

11) Never trade a stock with average volume less than 500,000 shares per day.

12) Do not chase a stock, forget it and move on. The opportunities are endless and the market will always be there.

13) Don’t expect to make it all happen on one trade. Take a series of small profits and at the end of the day they’ll all add up. You are more than likely to “lose it all” on one trade then “make it all” on one trade.

14)If you’re not in the right state of mind to trade today because of “outside influences” then take the day off and come back with a clean head. Remember, it’s your business and you’re the boss.

15) Trade within a “trader friendly environment” which is comfortable for you and offers minimum distractions.

16) HAVE FUN ! If you don’t enjoy trading then stop and find another line of work.

For the record, this is NOT Holygrail. This is his trading buddy.


DISCLAIMER

We are not liable for any investment decisions by the reader. The information offered is not to be construed as an offer to buy or sell any securities. All information obtained is from sources deemed to be reliable but is not guaranteed. Information for the stock observations was obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the stock observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein.

We are not brokers. NO advice is given or implied. This information is for educational purposes ONLY. Nothing should be considered a recommendation to buy or sell any stock or security. We strongly recommend that you consult with a professional broker or financial planner before you buy or sell any stock or security. We believe the information in this publication to be true but assume no responsibility for any incorrect information. This is not a solicitation to buy or sell any security. The author may at times hold positions in any of the stocks mentioned in this document. Investing in securities carries a high degree of risk and you can lose all of your investment money. Past performances do not guarantee future results. Please consult with your own independent tax, business and financial advisors with respect to any investment, including any contemplated investment in any company mentioned. All information contained in this publication must be independently investigated for accuracy. We will NOT be responsible for the consequences of anyone acting on this purely educational material.

For the record, this is NOT Holygrail. This is his trading buddy.



General Discussion · TRADING THEORY
holygrail
msg #27213
7/5/2003 9:09:53 PM

For the record, this is NOT Holygrail... this is his trading buddy.

=====================================

TRADING THEORY - as of June 2, 2003

=====================================

As I see it, there are two parts to making money in the stock market

1) Stock selection

2) Trading tactics

I believe trading tactics are more important... it is NOT what stock you trade, but how you trade it.

However, selecting stocks that have a higher probabilty of going up than down definitely will give you an edge.

By selecting stocks that have bottomed on the RSI(2) on the daily chart, then have had OPEN = CLOSE (or close to it), and finally had the RSI(2) cross above the RSI(3), you get that edge.

Daytrading vs. Swing Trading

Some people can't sit in front of the monitor and trade stocks all day. Some don't want to. But a few of us stock nuts do.

For those who can't or don't, our swing trading tactics allow you to profit on a daily and/or short term basis.

If you can't sleep if you own stocks, worried that the sky will fall before you can sell, then you simple buy the stocks at the open and sell them at the close. For those who want to ride the stocks up as long as it last, you buy the stocks at the open and set a stop loss at 70% - 85% of the price you paid. That's a potential 30% loss you might say! However, since our list has selected stocks that have bottomed out, we reduce the probality that a 30% loss will occur. At the end of the day, you modify your stop to 85% - 95% of the high of the day remembering that you never move a stop down only up. So, if day three's high is lower than day two's high, you leave the stop alone.

By buying equal dollar amounts of the entire list, you give yourself another edge, you will reap the benefits of each stock that pops that day. It seems like one, two or more stocks have 10% or better gains the first day they appear on the list. Just think about it. If there were five stocks on the list and 4 of them broke even but one went up 20%, you will easily make your 2% daily goal.

For the record, this is NOT Holygrail... this is his trading buddy.



General Discussion · F E A R
holygrail
msg #27212
7/5/2003 9:05:49 PM

For the record, this is NOT Holygrail, this is his trading buddy.

===============
FEAR
===============

I have been telling people to FORGET EVERYTHING THEY KNOW.

Today, I realized I left out the most important part....

FORGET EVERYTHING YOU DO NOT KNOW!

What you don't know is what is going to happen next... ANYTHING CAN HAPPEN!

When you let what you don't know influence your buying/selling, this causes you to hesitate. FEAR takes over!

FEAR is what is keeping you from SELLING when you need to sell and BUYING when you need to buy...

Fear has been defined as False Expectations Appearing Real.

Have you ever said:

"Everytime I sell it goes up"

"Everytime I buy it goes down"

"I am always on the wrong side of the trade"

I know I have.

It took me almost a year to find out why the above statements appeared to be true. One friend said to "find the pattern".

I looked and looked. It wasn't until I was taught the value of LINEAR REGRESSION by another friend that I found the answer.

One judgement error usually produces another...

1) Enter stock at "wrong time" too close to upper Bollinger band and/or Upper Lin Reg...

2) Fail to place stop loss immediately after entry.

So, first a judgement error (rule breaking) and a trading execution error (another rule break)

And the stock goes down just like the chart says it will.

This reinforces what you think you know (everytime I buy....)

You refuse to sell the stock because EVERY TIME I SELL IT GOES UP. FEAR has you by the you know what!!

So you wait... and it continues to go down.... days go by.

FINALLY YOU CAN'T TAKE IT ANYMORE SO YOU SELL.

3) Fail to do what the chart tells you to do.

Of course the stock goes up because... EVERYTIME I SELL IT GOES UP.

Wrong, the stock went up because it was probably near the lower Bollinger band and/or lower Lin Reg and you should have been buying!

YOU HAVE TO TRUST YOUR TRADING TOOLS AND TACTICS

For the record, this is NOT Holygrail, this is his trading buddy.



Filter Exchange · Holy Grail
holygrail
msg #27211
7/5/2003 8:46:36 PM

Try above 0 instead of .25

rsi(2) below 1 and close is between 0.10 and 2 and Average Volume(10) is above 500000 and 30 day slope of the lri(60) is above 0 and low near Bottom linear Regression Line(60)

For the record, this is NOT Holygrail, this is his trading buddy.

p.s. If a filter returns no picks perhaps it is telling you to wait!


Filter Exchange · Holy Grail
holygrail
msg #27198
7/5/2003 2:14:45 PM

For the record this is NOT Holygrail.. this is his trading buddy.

LRI - Linear Regression Indicator

Not getting many picks? How many do you want? It only take ONE good trading stock to make you rich!

This is the reason Holygrail makes "enemies". People want MORE. There is no more. They don't accept what has been given to them. They want to argue and debate. People claim to be "hungry". Holygrail has prepared a "feast". Yet few, if any, eat.

Like I said before, Holygrail told me in October 2002 to trades SONS, DYN ,FNSR, CHTR and RBAK. Go look at the charts. The charts don't lie.

I don't think you will be hearing from us again.

For the record this is NOT Holygrail.. this is his trading buddy.


Filter Exchange · best filter in the world-here it is guys
holygrail
msg #27187
7/4/2003 9:49:55 PM



For the record this is NOT Holygrail.. this is his trading buddy.

His method is very simple... So simple most people don't believe it.

I have been looking at many filters here and have only found 2 that compare so far.

One is:

Show stocks where +DI(14) is above 20 and Average Volume(10) is above Average Volume(20) and Average Volume(10) is above 500000 and close above .09

The other is Muddy's BB:

SHOW STOCKS WHERE CLOSE HAS BEEN DECREASING OVER THE LAST 3 DAYS AND AVERAGE VOLUME(90)IS ABOVE 100,000 AND CLOSE PRICE IS BETWEEN 1 AND 10 AND PRICE TOUCHED LOWER BOLLINGER BAND(20)

You may recogize them.

Holygrail's filter is simply:

rsi(2) below 1 and close above 0.09 and Average Volume(10) is above 500000 and 30 day slope of the lri(60) is above 0.25 and low near Bottom linear Regression Line(60)

We buy stocks that have bottomed and are ready to bounce. It is that simple. The RSI(2) x RSI(3) is just a wrinkle for safer entries for the less experienced traders. And all the other indicators are just tweaks... But I have shown you the fundamental filter. Forget about backtesting. Just look at a chart of a stock and see what happens when RSI(2) < 1% and/or the price is at the Lower Linear Regression line. Backtesting, at this time, does not take in consideration that I may have SOLD BEFORE the price dropped later in the day. Just check the charts from the filter. Here are the chart settings we use:

Draw Linear Regression Channel(60) and Draw EMA(6) and Draw EMA(13) and Draw EMA(26) and Draw RSI(2) and Draw RSI(3)

I also use a 90 day chart at www.prophet.net.

Holygrail and I also use esignal for daytrading. Once again, Holygrail's method is simple and most don't believe or accept. All we use is RSI(10) and Linear regression. That's it.

Now... you have to remember YOUR objectives may not be the same as ours.

My objective is to compound my portfolio by 2% or more per day. I DO NOT look at the dollars, I look at the percent gains.

Holygrail has a tendency to make friends/enemies whenever he posts. But I know this... he told me to buy chtr, sons, rbak, and dyn last October and to trade them daily. Look at the results.

Stockfetcher has reduced our scanning time from hours to seconds.

I hope this helps. I have given you EVERYTHING. There is nothing more. It really IS that simple.

For the record this is NOT Holygrail.. this is his trading buddy.




Filter Exchange · the most profitable play-slam play big$$$$$$
holygrail
msg #27186
7/4/2003 9:49:18 PM



For the record this is NOT Holygrail.. this is his trading buddy.

His method is very simple... So simple most people don't believe it.

I have been looking at many filters here and have only found 2 that compare so far.

One is:

Show stocks where +DI(14) is above 20 and Average Volume(10) is above Average Volume(20) and Average Volume(10) is above 500000 and close above .09

The other is Muddy's BB:

SHOW STOCKS WHERE CLOSE HAS BEEN DECREASING OVER THE LAST 3 DAYS AND AVERAGE VOLUME(90)IS ABOVE 100,000 AND CLOSE PRICE IS BETWEEN 1 AND 10 AND PRICE TOUCHED LOWER BOLLINGER BAND(20)

You may recogize them.

Holygrail's filter is simply:

rsi(2) below 1 and close above 0.09 and Average Volume(10) is above 500000 and 30 day slope of the lri(60) is above 0.25 and low near Bottom linear Regression Line(60)

We buy stocks that have bottomed and are ready to bounce. It is that simple. The RSI(2) x RSI(3) is just a wrinkle for safer entries for the less experienced traders. And all the other indicators are just tweaks... But I have shown you the fundamental filter. Forget about backtesting. Just look at a chart of a stock and see what happens when RSI(2) < 1% and/or the price is at the Lower Linear Regression line. Backtesting, at this time, does not take in consideration that I may have SOLD BEFORE the price dropped later in the day. Just check the charts from the filter. Here are the chart settings we use:

Draw Linear Regression Channel(60) and Draw EMA(6) and Draw EMA(13) and Draw EMA(26) and Draw RSI(2) and Draw RSI(3)

I also use a 90 day chart at www.prophet.net.

Holygrail and I also use esignal for daytrading. Once again, Holygrail's method is simple and most don't believe or accept. All we use is RSI(10) and Linear regression. That's it.

Now... you have to remember YOUR objectives may not be the same as ours.

My objective is to compound my portfolio by 2% or more per day. I DO NOT look at the dollars, I look at the percent gains.

Holygrail has a tendency to make friends/enemies whenever he posts. But I know this... he told me to buy chtr, sons, rbak, and dyn last October and to trade them daily. Look at the results.

Stockfetcher has reduced our scanning time from hours to seconds.

I hope this helps. I have given you EVERYTHING. There is nothing more. It really IS that simple.

For the record this is NOT Holygrail.. this is his trading buddy.




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