cabogordon
88 posts
msg #76712
- Ignore cabogordon |
7/22/2009 12:18:42 AM
Its useing a simple: 50MA crossover above 200MA
** I believe the 50MA crossover above 200MA is considered amongst must traders as the one of the most powerful bull indicators , thats what led me to play around with it... worth mentioning , I back tested this strategy through Oct, Nov 08 and March lows of 09 and it worked 90% of the time.
Show stocks where MA(50) crossed above MA(200)
1. run scan
2.find stock with volume over 250k
3. stock must be above 5
4. stocks must have a percentage gain over 2-3%
5. this confirms crossover
6. wait for pullback the next day and enter trade
7. entry needs to be below day prior close
8. you need to use a 15 min real time chart to find entry. ( macd, rsi, stoch and linear regression should help you bottom )
9. once you enter look for a minimum of .50 before exiting ( once again use charts to find entry , 60 min chart )
Feedback welcomed / thanks guys.
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chetron
2,817 posts
msg #76716
- Ignore chetron
modified |
7/22/2009 8:56:07 AM
MAYBE...
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cabogordon
88 posts
msg #76730
- Ignore cabogordon
modified |
7/22/2009 11:19:45 AM
chet,
it seems the BUYMEAT is indicating the potential target of the equity.
meaning:
MSFT 23.49 - BUYMEAT target is 24.89
is that correct... its like the channel if you will.
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chetron
2,817 posts
msg #76731
- Ignore chetron |
7/22/2009 12:06:23 PM
IT'S AN IDEA FOR ENTRY PRICE, WHICH IS YESTERDAY'S RESISTANCE.
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chetron
2,817 posts
msg #76755
- Ignore chetron
modified |
7/23/2009 6:54:51 AM
AND YOU CAN MIX IT UP.....
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