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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I value your advice and I am backing out, there are to many other stocks out there. It must have been a bad throw on my part I do have them once In a while.
Spike, I'm thinking of taking a shot at developing an excel workbook that will detect channel turn ups. I was thinking of something where you could just copy and paste in a list of ticker symbols and it would fetch historical prices from yahoo, then either start at a preset number of days in the past or somehow find a significant starting point, then chart the slope of the channel and if it is rising and nearly flat or newly positive slope then alert you. Perhaps later I could expand it to look for prices near the high,mid,or low lines. I wanted to ask you some questions about your method. I know its as much art as science, but I'm looking for some sort of scientific/mathematical stuff here.
1. How do you determine a significant place to start your reg-channel?
2. do you look for recent turn ups or ones about to turn up?
3. do you include the most recent day's price when drawing the channel?
4. how sucessful is your method? don't want to develop something that gives worthless signals.
I'm sure I'll find more questions as I get started. I have some current problems though:
1. how do I fetch the yahoo historical data? - I know it can be done.
2. I need to find the equation and figure out how to implement it, shouldn't be toohard.
3. I'm not too strong on excel macros, so I might ask for help from anybody here.
Spike, I'm thinking of taking a shot at developing an excel workbook that will detect channel turn ups. I was thinking of something where you could just copy and paste in a list of ticker symbols and it would fetch historical prices from yahoo, then either start at a preset number of days in the past or somehow find a significant starting point, then chart the slope of the channel and if it is rising and nearly flat or newly positive slope then alert you. Perhaps later I could expand it to look for prices near the high,mid,or low lines. I wanted to ask you some questions about your method. I know its as much art as science, but I'm looking for some sort of scientific/mathematical stuff here.
1. How do you determine a significant place to start your reg-channel?
2. do you look for recent turn ups or ones about to turn up?
3. do you include the most recent day's price when drawing the channel?
4. how sucessful is your method? don't want to develop something that gives worthless signals.
I'm sure I'll find more questions as I get started. I have some current problems though:
1. how do I fetch the yahoo historical data? - I know it can be done.
2. I need to find the equation and figure out how to implement it, shouldn't be toohard.
3. I'm not too strong on excel macros, so I might ask for help from anybody here.
It's already been done.... Check into Vector-Vest 6.0.... well worth the $$$.... their data base and "UniSearch" feature will blow your mind.
I value your advice and I am backing out, there are to many other stocks out there. It must have been a bad throw on my part I do have them once In a while.
Yep, there are a few good ones out there - like IRIS, which I don't know why I took my eye off it. Runner nailed a great entry for it and we're all asleep! heh
Yep, there are a few good ones out there - like IRIS, which I don't know why I took my eye off it. Runner nailed a great entry for it and we're all asleep! heh
Maybe we all looked away because it was a Canslim pump???
"Trade What Is Happening...Not What You Think Is Gonna Happen"
so could it do the channel turn up search? I use the java-based stockcharts program to draw them; just click and drag. It works out the positions automatically. Would be good to get a scan happening for them. But the chart has to be good and support the turn up before it's going to be a reliable signal, and that's down to human interpretation of many factors. Just because there is a channel turn up doesn't mean much....but would still be good as a screen anyway.
Wondering if you could give me an update on GW and VPHM. Looks like Vphm is trading in a very tight range on lesser volume, ready for another run up? Possible double bottom on GW.
so could it do the channel turn up search? I use the java-based stockcharts program to draw them; just click and drag. It works out the positions automatically. Would be good to get a scan happening for them. But the chart has to be good and support the turn up before it's going to be a reliable signal, and that's down to human interpretation of many factors. Just because there is a channel turn up doesn't mean much....but would still be good as a screen anyway.
Wondering if you could give me an update on GW and VPHM. Looks like Vphm is trading in a very tight range on lesser volume, ready for another run up? Possible double bottom on GW.
Thanks,
tjK
Took VPHM long off 20band slip(3-min chart). In at 19.29. TGT hod or stop now at 19.29. This is only a D/T. Good luck if your going swing long!!
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