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I encourage ta guys.......
trading in 4 minute charts or greater durations to look at incorporating an overlay of two IFTrsi (Inverted Fisher Tranform Relative Strength Index) graphs.
The innermost graph should be IFTrsi(21,1) and the overlay should be IFTrsi (21,8) with the Wilder smoothing in effect. There are five common geographical points (cardinals) typical to the IFTrsi. Using this configuration consider using only the .25 ratio elevations with the smoothing intersection being simultaneous on the same side as the cardinal being active.
The most effective filter I have found is a joint simultaneous CCI(20) and TSI(20) crossover of 0. A ribbon built in TSI using 8,13, and 20 with the ribbon crossover of a single move filters the filter to 100% correctness.
Use only between 4 AM and 4 PM Eastern.
If you read this...... you owe me big time.
My StockCharts.com public offering http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID4082985
Incredible week.......
One of the best ever in the accumulation of points..... AND I have written code for automated trading, of which I employed on Tuesday for a net 146% trade in the ES (single trade in the 10 min chart.
Proud pappa!!!!!!
One thing to remember......
Brokers have two margin rates. The most expensive rate is for longer duration trades up to three days. Day trade rates go from 16:15 Eastern to 16:15 Eastern and often clear around midnight.
Yeah. TS is pretty much alright......
You can perform thorough backtestings of ideas but lack technical studies I like to use; ie, TSI and IFTrsi.
My current active platforms are Global Futures/GS Trader (broker) and QuoteTracker with IQFeed data. The Global GS platform is $50 a month. QuoteTracker charts are free. IQFeed data is $83. Global pays for my exchange fees that equal $90 a month in savings. I have gone to several different setups/platforms, but I always come back to this one. I believe the overall value is unbeatable for what I do.
I have two accounts.....
I use Global Futures the most. A daytrade margin for an ESm11 is $500 and less, depending on your account size. I think $1000 opens an account - not sure.
The overall best experience for me has been InteractiveBrokers.com. But I got in pinch once and left them, never to return. I will probably close out my EminiDirect account and go back there.
One good thing about Global..... If you use certain data providers they will have your exchange fees waived. For me, that saves about $90 a month. Their executions are very good too. My only real complaint is I have trouble setting up wires taking money out (sometimes). But a phone call quickly gets me flying if I have trouble.
and finally.......
The most productive ribbons are those having one or more Slope Tag zero elevation data points (or one having crossed over) in cci and tsi. The user will often find a nearly identical slope and intersection in each of the following:
The five minute Big Bang and QR7 template minimally generates 4 points from signal to point touched.
The 2430 tick Big Bang and QR7 templates minimally generates 5 points from signal to point touched.
See other addendums for technical compression episode management.
Why not run only the 2430 tick template? Because from time to time only one generates a signal for the trend.
A typical regular hours trading day generates 12 or more points.
(The significance of the zero elevation data point in Slope Tag identification is the circumvention of narrow trade ranges.)
e
yes..... data points approximate to zero......
If you observe an 1800 and 2430 chart you can see the relationships relative to the 20ma.
Ribboning cci, %r and tsi will bring incredible illumination. eom
hah!..........
ain't bad fer a correct signal and target in a choppy market period, huh?
stupid math
e
and the last one I am trading today is......
long 12:43 Eastern Time.
glta
e
Sorry. I forgot to include.....
the test results.
Errant QR7 and Big Bang 4 point signals were reduced 100% except on the contract switch date and the prior day.
Yesterday's signals were short 11:31 and 14:35 Eastern Time. Note this eliminated the lengthy chop period from the open and before where a few errant signals would have been generated before.
Todays signal (thus far) short 9:52 Eastern.
The test models were 1800 and 2900 ticks.
btw.... This discovery enhances the 5 minute signal. Today's signal was short 9:55 Eastern
The second addendum concerning......
my Slope Tag tool should include properties that the CCI(20) elevations of +200 and -200 should be cardinal originations in tick charts.
This discovery was recently made and backtested using tick data totalling four months. The (forerunning) S&P 500 E-Mini contract was tested.
DIAAF.......
kinda. maybe. sorta. yes.
I put it in my intermediate term portfolio on page 4. http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID4082985
glta
e
SuperC..... Yes.....
I agree. It's time has come (DNRR). Nice find.
glta
e
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID4082985
Thanks. And.....
good trading to you. I'll try keeping this medium up.
I did a little freelancing and......
pinched 6.00 off.
Look at this for a few stock ideas: http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID4082985
glta
grrrrrrr.......
Sideways. I hate it. +1.25 after three hours on the ES. And my templates are not picking up on the larger moves. Poop.
Trading. And I had.....
gotten a little dispondent being the lone poster here.... Kinda wandered off.
I see you are from NYC. I was up there in January and Orange County in February. And I went to grade skool in Brooklyn. I chop my time up now between Louisville, Cincinnati and St Augustine.
Volume has been been eratic in many markets. It is messing with my trading templates. I have been watching both tick and lesser minute duration charts. And in all this, I have decided to not trade after 2:30 Eastern - activity has become unreliable. Volume can change 50% after 2:30 from day to day.
How have you been?
e
If no new convertible debt was.....
issued since then, warrants and price condition executions remain. All the same, negative volume is well obvious and very likely to be associated with similar purpose or contractual obligation as that volume is being distributed in ways indicative of inside activity; ie, marketmaker dissolving warrants, pipes, debenture or other new share positions.
If nothing else, do the math involved within your post (but consider warrants and price conditions exist for todays closing price). A 2000% increase or more in outstanding shares distributed at 30% of daily volume is an incredible undertaking lasting months or even years. If other financing volume is added that effect is increased and the process lengthened...... driving the share price lower.
Just because outstanding share amounts were executed months ago does not mean its effect is complete. Once the holder of that volume is finished with it they will require months or longer to dissolve that position, all the while destroying shareholder value on the dump. And remember, conditions remain for this to worsen.
Shareholders only hope is today being the last day of destruction (depending on the price condition executions). You will learn more next week.
Good luck, Recognizer. I just stopped by to say hello. I am finished expressing my opinion. I have traded these stocks since 1988. You will find I am very much correct.
glta
e
A negative single print......
divergence in adi with a price gap below. XING will probably stall or retrace for a while. Beware.
Good luck
e
"Toxic" is the read of sudden volume......
that is prolonged for very long periods. Add the recent mention of stock conversion, warrants and price conditions and a strong probability exists "toxic" conditions are underway and likely to escalate. This is just the simple reality of many bb stocks - terrible management, marginal product success, little or no adequate financing, etc..... and they eventually sell their souls and the shareholder for some ridiculous finance deal that kills most chance for survival.
Do you find it alarming that stock conversion, warrants and share price conditions come at tax selling time and during a convincing down trend with questionable volume? A stacked deck, don't you think?
If you question the intent of CTSI, estimate their portion of the daily volume. The typical share for this described activity is 30% to 45% of daily volume.
Nonetheless...... Good luck.
e
If you are the marketmaker........
and you constantly back off the bid and only execute between the bid and ask, what are you doing?
I remember reading about a price goal comparison to December 30..... something about convertibles and warrants. Let's see if they stop unloading shares now that December 30 has passed. If not, toxic financing is taking its toll.
read my post again eom
The typical concerted activities are........
repeated adi and obv conflicts/divergence along with one marketmaker trade executions being in-between the bid/ask.
Often this one marketmaker will post a bid opportunity but often retracts them and will keep his ask in-between the uppermost ranges of bid/ask. This will appear somewhat normal until you find he seldom, if ever, executes a bid execution. His executions are almost always between the bid/ask over and over. He is selling a very large position at a discount relative to the other marketmakers.
You cannot tell if these executions are buys or sells so this repeated difference generates the conflict/divergence in the chart. The math in the chart notes a falling price from an increased ask or vice versa, thus resulting in printed conflict.
You will also see a noticeable escalation in volume when convertibles and pipes become part of the daily volume activity. Volume will have a flat line, then spike and remain elevated until their deeds are complete...... often lasting several months and years...... commonly sending the stock in a downward spiral.
The appealing thing about these kinds of stock..... they will usually offer a campaign of sorts to pump the share price and reload the former process. Being able to recognize these pump episodes can produce some attractive gains, but don't be a pig after getting involved.
Good luck
e
Yes. A long while......
I'm doing well. I hope you are too. Here is a link for stuff I'm doing lately: http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID4082985
A quick look at ESPH lends volume shennanigans are ongoing. Without looking at a Q or K I'd estimate convertible or pipe volume is being sold in-between the bid/ask per comparisons of adi and obv. Either one is negative for investors.
I am in a similar stock too - IMDS. The things these companies do to survive will drive ya nuts.
If you have a level 2 feed I'll tell you what to look for to confirm the scenario I post here.
Good luck.
e
Long time no see......
I'll formulate an opinion later today.
Good luck
e
Yes...... I like this one......
The chart looks quite good with triangle apexes quantifying .076 as a target. I'm averaged in at .032
glta
e
No offense, but I have........
quit trying to make sense of this stock. Questionable activity is visible in the chart's volume..... enough so that reading it is impossible.
Good luck.
e
Sorry that I missed your post. GSX appears ready for the next leg of the move.
long 78 flat 91 - wore out eom
He's back! SIRI makes his portfolio.....
again http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3734670 Page 1.
glta
Chart found in this public portfolio.....
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3734670 Page 2
glta
GSX is getting a little attention......
here: http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3734670 Page 1
glta
Added to a public portfolio today......
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3734670 Page 2
glta
The trade setup is one of reliable.....
consequence incorporating a key moving average crossover in concert with a key rsi crossover. Gerald Wilder found similar concerted events and wrote about them in his books. The setup given on http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3734670 Page 2, also includes the chartists Slope Tag tool which may afford added reliability. Note this chartist record given on the site...... and demonstates that his tools are superior to Wilder.
Oil may be in an upward bounce from the lower reaches of an expanding wedge http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3734670 Page 3. One would certainly think the two technical events, oil appreciation and END response, would prove a collective favorable advance.
Good luck to all
mg
KKD in a public portfolio........
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3734670 Page 2
glta
END raises technical flags in.........
public portfolio http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3734670 Page 2
glta
I thought the trend would have........
resumed by now. But volume has not yet flipped to negative. Oil prices appear to have reached the lower end of the trade range and other issues are showing promise. http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3734670 This may be a turning point.
good luck
mg
As suggested here, the trend appears......
to be resuming http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3734670 Page 2
glta
Mathematical evidence is that volume......
has largely been negative from mid or late October 2009 to April 2010 when it became positive. This can normally be expected in December when retail buyers are making tax decisions, but this activity is prolonged. I have not read their financial reports but would estimate a financier has gotten involved with the company in the later portion of 2009. This would explain the lengthy negative volume. The important thing now, is it (volume) has turned positive in trend and that news is probable.
I discussed the probability of selling occuring in my last post as price has reached a general elevation of 100% gains. Once these participants are gone, the trend should continue. http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3734670
Good luck to all
mg