I have 22 consecutive profitable trades of 15% or better. How is this possible? Every day there are hundreds of stocks setting new highs, no matter what happens in the overall market. Many of these stocks are still at very reasonable valuations. Afraid of buying stocks at their highs? Think of it this way: a new high is really a future floor for companies with solid financial underpinnings. Quantitative momentum modeling makes it easy to identify stocks that can continue this upward momentum trend. Why does this happen? It's really very simple..ask me about what investors and cows have in common. I am $$$ MR. MARKET $$$. I AM HUGE!!! Bring me your finest meats and cheeses. You can join in on the fun. Register for free and you'll be able to post messages on this forum and also receive emails when $$$ MR. MARKET $$$ makes his own trades. ($$$MR. MARKET$$$ is a proprietary investor and does not provide individual financial advice. The stocks mentioned on this forum do not represent individual buy or sell recommendations and should not be viewed as such. Individual investors should consider speaking with a professional investment adviser before making any investment decisions.)
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Doug, I do have one question on your S/R's. Do you use price by volume or some other benchmark?
Actually...it is a formula using Fibs, Gaps, MACD, Stochs, RSI, Congestion, Highs/Lows and some other factors. We tried to mimic someone else's criteria about a year or so ago...But I am not the one who came up with it...I just click a key....My friend is the computer whiz. As far as the R1 and S1 I get that from the daytrading site that Spike posted a few weeks ago.
"Trade What Is Happening...Not What You Think Is Gonna Happen"
Heck...I remember urging my trading partner to bail on TZOO at $18...but then again she told me to dump MIDD at 26 and HANS at 25...so we are even...LOL
"Trade What Is Happening...Not What You Think Is Gonna Happen"
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