jimhsu
14 posts
msg #31632
- Ignore jimhsu |
4/5/2004 9:11:04 PM
Methodology: Stocks tend to resume their trend after a multi-day pullback.
Entry: Enter on STOP above high of signal bar, stop on low of signal bar, or 5% risk.
Exit: Stock stops trending (feel free to define)
Possible problems: Market maker manipulation (leads to frequently stopping out), buying stock when overbought (don't do), etc
Tweak the day settings to your liking.
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jimhsu
14 posts
msg #31633
- Ignore jimhsu |
4/5/2004 9:12:21 PM
Forgot to add... if the stock does not enter on first day, use the high of the next bar (SignalBar+1)
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cegis
235 posts
msg #31637
- Ignore cegis |
4/6/2004 8:22:28 AM
jimhsu,
Sorry if this is a "newbie" question, but I am still getting the hang of this TA stuff...
Which bar is the "signal bar", the 100 day high, or the 4 day low?
Thanks for the help,
C
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gchen
11 posts
msg #31846
- Ignore gchen |
4/23/2004 1:00:21 AM
Cegis,
I believe jimhsu means the 4 day low
G
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travlr
80 posts
msg #31847
- Ignore travlr |
4/23/2004 8:19:23 AM
jimhsu,
I also use Wealth Lab. Have you been trading the simplicity (or pullback) scripts?
Is it automated? I ask because I'm a little leary of automating the pullback scripts in today's environment.
Currently my scripts are based on reversion to the mean.
Thanks,
travlr
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