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Wow! Nicely done!
It's early. Barely light out. Morning is the most beautiful time of the day, but I'd rather sleep right through it.
Not bad Outlaw. How about yourself?
These might be good too, but they are a little more lenient on requirements, so a bit riskier than my typical scan:
AXAS
GTE
PDC
Yep. I've wondered why I would seemingly be stopped out of a trade for no reason. Then when I started playing news releases and was actually watching the spread fluctuation, you'd see it jump to 50 pips for a couple minutes right at news release then go back to normal. A little searching showed that OANDA has always done this. I don't know, maybe that's how they keep their spreads so low, mitigating risk on news or something. But it's kind of screwing me up.
Anyway, I'm using Think or Swim at the moment for the tick charts. It's been pretty easy to use so far. I started dabbling with Ninja Trader and it looks good, but you have to have a broker who supports it to get anything but end of day information.
I sure picked an exciting day to check in. I think I'll just leave my shares with my broker and check in again next month. Peace.
DYN up 3.45%, from $6.08 to $6.23. Not to shabby for day one.
No they don't. I'm about done with OANDA. I started playing news releases too so I could grab a few extra pips when big news hits. OANDA moves their spread to 50 pips for a couple minutes just to keep you from doing that. I'm done, ready to find a new broker. Probably going to go to MBTrading.
We don't break when times are tough, we get apathetic. It's the American way!
DYN showed up on my scan for Monday:
http://stockcharts.com/h-sc/ui?s=dyn
Hey Panic,
Can you PM me your email address? I don't have PM abilities here
I think I like this board. It's really improved since I got ousted as moderator. No one was even posting.
I agree
Ryan must be going crazy
DCT went positive 1.07% today. So if you stayed in that trade because you never hit your stop loss, you would be a perfect 10 for 10 on this scan so far. That's a tough call though because stagnation is not something you generally wait out in a trade. To much left to chance.
Nothing on the scan for tomorrow.
Panic is the one that showed me. They look great. I'll post some comparison charts here tonight.
I felt that way when I started using Metatrader, but it got easier pretty quick. I'll work on it and let you know how it goes.
As for reading the tick charts, it's pretty easy. The bars are not calculated based on time, they are calculated based on ticks. So if you use a 400 tick chart, it creates a new bar every 400 trades. The idea behind it is that every bar will give you the sample size you are looking for and allow your indicators to be more accurate.
Visually, it looks and reads the same as a normal chart.
Ninja definitely has the tick charts. That was what prompted me to look around at more things. I will do some research on it, see what I can find out.
I'm unfamiliar with options right now. I don't think I'm quite ready for that.
One thing I'm thinking is that a short version of this scan can be built to get profits going the other direction. Plus, depending on your risk tolerance, margin is always an option too.
I use stockfetcher.com. It's cheap and pretty straight to the point. I'm only using a really precise entry point. If I loosen it up by a day or two I may be able to get more on the scan, but for now I'll just leave it as is.
I'm still biased towards a positive future for TSHO as well. I think Skymark didn't necessarily make bad picks, they just chose to front load them. It wasn't the companies' faults they did that.
I've steered away from penny stocks these days. I only trade Forex and big board stocks where there is more liquidity and regulation. However, I keep my eye on TSHO because even though maone15 clearly pumped and dumped, I think a lot of what he said was true in that infomercials are a lucrative business and it only takes a couple strong products to explode with revenues. Plus, as long as TSHO maintains their share structure, it's pretty tight.
Knowing what I know now, I think there was a short squeeze on TSHO and it was never fully publicized. I think maone15 and the rest of his buddies recognized it and dumped most of their shares well above the $1.00 mark. Then as it kept going down, they said hold tight and we'll squeeze the shorts. In reality, the short squeeze already happened and there was nothing left to stop the free fall.
Yeah, I heard he works with maone15. I think they're pumping GOOG now. Who would buy into a stupid search engine?
I'm not trading the F's just yet. I dno't have the $25k to do it. My goal is to start trading them by June, at the latest September. I am really hooked on Forex though at the moment. Who knows where I'll be.
At the moment, I'm feeling better about Forex because the movement looks so much more normal on the tick chart. MACD looks like a killer when trending on the tick chart.
I'll gladly take you up on the ToS questions. Have you used Ninja Trader? It seems to be a strong Metatrader competitor but newer and more refined. Plus, it does equities and futures too, not just Forex.
Below is a spreadsheet of some trades I've tracked using a scan I set up. It's specifically made for 1 to 5 day trades of stocks between $4 and $10 per share. It's based off the rules I learned in the Atlanta Monkinar, plus the share price filter and a really high volume requirement. I know nothing of the companies and I've never looked at their charts even one time. I would set a maximum stop loss of 3% and use a 3% trailing stop as well. Pretty simple decision making.
I didn't look at the scan for two months, but looking at my sample size of 10 so far (9 out of 10 winners and some still going months later), I'm sure there would have been nice results. I think you can get a couple of these each week.
I want to get a bigger sample size before I start really relying on it, but so far, it appears that the "Lazy Man's Scan" is quite effective. If so, I will share the picks with all.
Ok, you've peaked my curiosity. MT4's pseudo solution for tick charts were lousy. MT5 still isn't going to have them. I loaded up ToS and I have to agree that the charts are much smoother. It almost looks like a US equity's chart. Almost.
It sure is. Although, I gotta say, there might be something to these tick charts. I've been looking at ToS for hours now and the charts are certainly smoother.
It's interesting to me that ETMM dropped off of market making for an extended period of time, then suddenly showed up right around dividend time. I don't know much about how or why MMs do what they do, but if there is no unusual trading (or risk taking) going on, I don't understand why there would be incentive to stop or start making a market on any given stock.
Forex isn't sane. That's blasphemy. :)
It looks like you can make ticks operate on MT4 through some tweaking:
http://www.fxfisherman.com/forums/forex-metatrader/trading-systems/6918-trading-tick-charts-mt4.html
I'll load it up tonight and see how it looks. MACD is hugely powerful, probably my favorite indicator. But yeah, the waxing and waning of volume on each bar really messes with it.
Tick charts? Are you using them in MT4?
Hey Sid, are you using MACD for your Forex trades?
Yeah, I love that show. Jack Bauer has my vote for president.
I'm thinking we should lock up TSHO. What do you think?
I will. I think I have a man crush on Humphrey Bogart. That kat is cool under pressure.
Definitely one of the best movies I've ever seen.
Wow! Nicely done. I think NWTT is going to be a great story. If an FLD pans out first, it'll help NWTT. If NWTT pans out first, it'll help an FLD. All these NSS plays are linked by a common belief there is abusive manipulation going on.
Haha, yes, a black and white one.
I watched it last night and the bar in the city of Casablanca is very reminiscent of the Cantina in Mos Eisley in Star Wars. I thought it was pretty interesting. Humphrey Bogart's character is also very similar to Hans Solo.
Have you ever seen Casablanca?
I disagree, but I respect your opinion and appreciate all the time and effort you have put into helping out the shareholders despite having no financial incentive to do so.
I'm certainly optimistic as well.