Here is a jpeg of the data sheet. redo it in Excel or find an Excel version by searching. I posted an old stock from a past Universe. as you see at the top you note the data from the five moves on your print. for this stock a move averages 40% and it takes an average of 6 days. this means you have a good stock for trading repetedly. On your Excel list (Universe), you can add columns for buy date and target date. Use other columns to do the math after you put in the buy date. note the big box that has the price you will bepaying when you have FRV. for those who have my 55 pic set, this is page 41.
Here is a chart that is annotated for an upcoming trade. this was done on ET as a leading indicator call using the one pager and the Universe type work (15 to 20 min a day after you get rolling alone or with a team.
On the "before" chart just above, you see I have put in the volatility of the channel and I put in the trailing stops, etc for the less confident. notice I put in an intersection of the intermediate term and the next short term move. all you do is use this stock on your Hot list and you know the date you will have to sell a stock that will have spent its time period in hold and is ready to sell. Attached is the beginning of the hold. you do not have a target price but you do have a target time to sell it on your data sheet and on a column in your Universe. This is not predicting. it is just the use of a plan and a trading method. You have a stock in DU and on the planned date it moves out of DU into FRV. Later when volume (the price driver) poops out you x-over into another stock that is planned to trade when the money becomes avaiable. A moderator here talked about a railroad trip. his more or less snide comment was something along the lines of why bother if you do not know much. i have taken you through a process of beginning to work. It shows how high beta stocks are repetble if the criteria is met. not many people will do the work. any beginner can start off making 1000% or more in a year in trading stocks. It takes 40 to 50 days to double. then you can use the same basis to move to commodities where the doubling is about every 4 days. you take some capital out of your stocks account to begin SCT. Then you sweep the SCT account weekly to build the stock trading capital.
This is an SCT print with a description. here you see a portion of a process of doubling nd just how long it takes. you begin with 1 contract and your double with profits. !, 2, 4, 5 and sit to acclimate to making money, then 8. 10 and sit to aclcimate to making money. 20, 40 nd sit to acclimate to making money. @ 50 you add linked- in accounts and go up to 15 accounts, the NFA limit for amateurs.
Thanks for posting the references. I appreciate it. the float has to be between 5,000,000 and 60,000,000. the 65 day moving average has to be above 200,000. someone asked about the indicator equivalent of FRV. as is seen the DU on FRV day is early and then more volume serves as a countdown for price to "lift off". The correct defaults for MACD in this PC era are 5, 13, 6. MACD will be converging, crossing ovr and diverging in that order. A slow Stochastic (14, 1, 3) will be rising and crossing 75. A fast Stochastic (5, 2, 3) will be crossing up above 50.
stops, in trading, are only used by small traders. They do not work when you are going from intermediate to expert trading. the bottom of the data sheet has info spaces for getting stops straight if you do not yet trust yourself. (See many authors who explain laack of trust in CW traders. also read Behavioral finance to understand the mental problems of CW type trading. In candle stick trading there is an averaging process for getting "little shadows" See the indicators and associated functions in GFTI manuals. stop determination is done by looking a "big shadows" so to speak. I recommend the last 10 and use their average and add a little. this kind of offset will keep your trade in effect and you can go through the time wasting drill if you are stillanxious, fearful or angry with yourself.
Occasionally, a potential trader who is well into his 10,000 hours before quitting, does recognize he needs to bgin thinking purposefully. this chart shows what is given up for various reasons.
the CW follows a betting then hoping practice for some reason. John Boyd explains it in his fighter pilot training concept OODA. See attached. you want to refrain from any of this as an orientation.