AWH - Chart Link - so many of these trades
today, only probably is filtering them out, my scan spit out like
70 of them on the weekend, here's some of the ones I played, I
did't play IVW, but have positions in the others via buy stops from
those candles.
the trade setups are pretty obvious, and entries are buy stops
on the candle highs
yep basically you get your list filter it down as best you can,
you can then place buy stop orders on them above the candle, they
either trigger the next day or they don't, if they don't you cancel
the orders or reset the price to the next candle if condition is
still valid, pretty mechanical.
the trick always is when do you sell, that's what I can't tell
you, that's open ended, some run to new highs some only move for a
trade, but you can usually at least get a trade out of them.
60 Stoch over 80 trending trades examples
Posted by matt on 2nd of May 2016 at 03:26 pm
AWH - Chart Link - so many of these trades today, only probably is filtering them out, my scan spit out like 70 of them on the weekend, here's some of the ones I played, I did't play IVW, but have positions in the others via buy stops from those candles.
the trade setups are pretty obvious, and entries are buy stops on the candle highs
MAS - Chart Link
IVW - Chart Link
ZTS - Chart Link
Matt -- I think it
Posted by puma on 2nd of May 2016 at 04:00 pm
Matt -- I think it makes a lot of sense to use buy stops on these. I'm going to start doing that. Thanks for mentioning it.
yep basically you get your
Posted by matt on 2nd of May 2016 at 04:02 pm
yep basically you get your list filter it down as best you can, you can then place buy stop orders on them above the candle, they either trigger the next day or they don't, if they don't you cancel the orders or reset the price to the next candle if condition is still valid, pretty mechanical.
the trick always is when do you sell, that's what I can't tell you, that's open ended, some run to new highs some only move for a trade, but you can usually at least get a trade out of them.
Yeah, selling is always kind
Posted by puma on 2nd of May 2016 at 04:16 pm
Yeah, selling is always kind of more art than science :-)
I just ran the scan and got 72 names -- I'll post any that jump out at me...thanks again for the scan.