arimont
57 posts
msg #129929
- Ignore arimont |
7/21/2016 6:49:40 AM
I have combined principals from Elder's system, as well with other stuff I have learned over the years.
So far I have been using this for 3 weeks. It gives me a nice pick almost everyday and over 60% of them worked.
I run the filter before Market opening, choose the one that has the following:
* Is nearing its 3-years high
* Weekly MACD-Histogram slope is "0" or above
* Daily MACD-Histogram is rising, preferabely crossing Zero line
* Force Index is around Zero
Most of the picks worked for around 1 ATR in the first 1-2 days.
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arimont
57 posts
msg #129934
- Ignore arimont |
7/21/2016 8:08:29 AM
A weird thing though, it looks like it happens most of the times: The stock fires the trigger then it goes down for the rest of the day. Only the NEXT day it rallies.
Just for example:
The pick from 29/06/2016 was MO. Entry was 68.20, Exit was 69.60. $1.40 profit.
The pick from 15/07/2016 was CRUS. Entry was 40.20, Exit was 2 days later at 41.09. $0.89 profit.
The pick from 19/07/2016 was LRCX. Enrty was at 89.76. So far its $1.44 up and its still running.
The above are just a few examples.
Today's pick will be YRD above 22.30.
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ThaGekko
139 posts
msg #129935
- Ignore ThaGekko |
7/21/2016 8:34:46 AM
How are you picking your exit, just 1-2 day hold?
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arimont
57 posts
msg #129936
- Ignore arimont |
7/21/2016 8:42:41 AM
Usually I use Day-Trade strategies (EMA(10), VWAP, patterns) to pick my exit. I do it on 15 min candles.
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arimont
57 posts
msg #130029
- Ignore arimont |
7/25/2016 7:14:54 AM
I wasn't by a computer during the weekend so I didn't trade YRD.
My picks for today:
UNH above 144.50, stop-loss at 142.10 ( EMA(30)+ATR(30) )
TAP above 104.15 stop-loss at 100 ( EMA(30) )
XRS above 64.31 stop-loss still to be figured out.
ACC above 53.09 stop-loss at 51.70 ( EMA(30)+ATR(30) )
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ThaGekko
139 posts
msg #130030
- Ignore ThaGekko |
7/25/2016 8:17:47 AM
how are you narrowing down these entries? There are 16 for today, but you have a handful you are looking at.
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arimont
57 posts
msg #130034
- Ignore arimont |
7/25/2016 10:33:48 AM
Out of the stocks that the filter brings I look for the following:
* Daily MACD-H is rising and preferably approaching the zero line from below.
* The previous Daily MACD-H low was lower than the last one.
* Last price is as close to the 3-years high as possible.
* I look at the EMA(30) and its ATR(30) additions for more guidance.
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arimont
57 posts
msg #130036
- Ignore arimont |
7/25/2016 10:45:36 AM
As soon as the position is set I let it run for around half Daily ATR and then I set my stop-loss to the entry price. This way I am no longer risking money.
Then, as the day goes by, I move my exit for HALF of the position forward, using 5 or 15 mins candles and day-trade strategiesin order to take profit. the second half remains at entry price in case the stock goes up again.
Today, XRS got into action. I entered at 64.31, when it crossed 65.00 I set an exit for the whole position at entry price. As the price continued rising I placed an exit for half-position at 65.45 and the rest at Entry price.
So far (10:35 am) I cashed $1.15 on half position. On the rest I cant lose, only profit more if it reverse back up.
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arimont
57 posts
msg #130047
- Ignore arimont |
7/26/2016 5:18:28 AM
Today's pick:
LKQ above 33.75 stop loss at 32.27
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ThaGekko
139 posts
msg #130050
- Ignore ThaGekko
modified |
7/26/2016 8:11:18 AM
why not MSFT/CTAS - looks to match all of your criteria? Is the RSI too high?
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