Hahaha did I say retarded? I typed that out but then thought I deleted it. I like your idea because it's something that you've thought about, you understand the idea, and now you are going to go test it. If it doesn't test out, I think you are smart for not trading it. I think that the other guy is much too rigid and inflexible. You have to use your brain and understand things in this game, and saying "the stoch is off by .1 so I must not take the trade" is normally counterproductive. Sorry for hijacking the thread. Back to spydertrader's journal, this is some very good stuff....
2005-06-24, Friday - Lists Hershey Wealth-Lab Chartscript Culling Methodology Hershey Chartscript Scans / Qcharts Culling / Stocktables.com Sort Hot List CMT FORD MCRI Dry Up Stocks BCSI HANS JUPM MCRI TASR UBET USG Hot List Stocks Scores CMT - 0 FORD - 2 MCRI - 0 Dry Up Stocks Scores BCSI - 0 HANS - 0 JUPM - 0 MCRI - 0 TASR - 2 UBET - 2 USG - 0 Keep an Eye on These Stocks MCRI (Attached) <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=775623>
2005-06-24, Friday - Update This morning, I monitored one list of stocks (7 total equities): Those equities from our daily Hot List and from our Final Universe List finding themselves "In Dry Up." Dry Up Stocks BCSI HANS JUPM MCRI TASR UBET USG Our system generated five possible trade signals from the list of seven Dry Up Stocks when actual volume exceeded calculated "Low Band" Dry Up Volume prior to 11:30 AM. Dry Up Stocks Triggering Signal BCSI HANS JUPM MCRI USG Dry Up Stocks NOT Triggering Signal TASR UBET HANS did show price improvement ($79.40) at time of signal generation (9:46 AM). In addition, MACD Histogram showed a negative return (-.9810). Also, The Stochastic Indicator fell well below desired levels (5.6372). USG did not show price improvement ($42.49) at time of signal generation (10:28 AM). In addition, MACD Histogram showed a negative return (-.4002). Also, The Stochastic Indicator fell well below desired levels (19.1131). BCSI did show price improvement ($26.00) at time of signal generation (10:58 AM). In addition, MACD Histogram showed a positive return (+.1081). Also, The Stochastic Indicator fell outside desired parameters (64.2380). JUPM did show price improvement ($17.50) at time of signal generation (11:04 AM). In addition, MACD Histogram showed a positive return (+.0186). Also, The Stochastic Indicator fell outside desired parameters (65.3218). MCRI did show price improvement ($21.04) at time of signal generation (11:19 AM). In addition, MACD Histogram showed a positive return (+.0584). Also, The Stochastic Indicator fell outside desired parameters (67.8571). As a result, I took no action with respect to BCSI, HANS, JUPM, MCRI & USG for the following reasons: Decreased Price HANS & USG Stochastics Failure to Confirm BCSI, JUPM & MCRI - Spydertrader
Tha above post should read: HANS did NOT show price improvement ($79.40) at time of signal generation (9:46 AM). - Spydertrader
2005-06-27, Monday - Lists Hershey Wealth-Lab Chartscript Culling Methodology Hershey Chartscript Scans / Qcharts Culling / Stocktables.com Sort Hot List CMT FORD MCRI Dry Up Stocks EZPW TASR Hot List Stocks Scores CMT - 2 FORD - 4 MCRI - 7 Dry Up Stocks Scores EZPW - 0 TASR - 0 Keep an Eye on These Stocks VDSI (Attached) <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=776760>
2005-06-27, Monday - Update This morning, I monitored one list of stocks (2 total equities): Those equities from our daily Hot List and from our Final Universe List finding themselves "In Dry Up." Dry Up Stocks EZPW TASR Our system generated one possible trade signal from the list of two Dry Up Stocks when actual volume exceeded calculated "Low Band" Dry Up Volume prior to 11:30 AM. Dry Up Stocks Triggering Signal EZPW Dry Up Stocks NOT Triggering Signal TASR EZPW did show price improvement ($10.72) at time of signal generation (9:37 AM). In addition, MACD Histogram showed a positive return (+.0601). However, The Stochastic Indicator fell below desired levels (64.94). As a result, I took no action with respect to EZPW. - Spydertrader
2005-06-27, Monday - Update Neither EZPW nor TASR showed an actual volume exceeding FRV levels by EOD. - Spydertrader
2005-06-28, Tuesday - Lists Hershey Wealth-Lab Chartscript Culling Methodology Hershey Chartscript Scans / Qcharts Culling / Stocktables.com Sort Hot List FORD MCRI Dry Up Stocks MCRI TASR Hot List Stocks Scores FORD - 2 MCRI - 4 Dry Up Stocks Scores MCRI - 4 TASR - 0 Keep an Eye on These Stocks VDSI (Attached) <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=778094>