Not a bad pool to choose from today! Sure a few duds in there but all in all, not a bad pool to start from and weed out per the criteria.
I apologize for the delay in responding. Nicely done. You picked some nice runners there. keep up the great work. - Spydertrader
Keep in mind the overall goal of the methods. Once you know how far Price moves on a given level of Volume, you can know what must come next. - Spydertrader
Keep an eye on the shippers in the Universe list, i.e. TBSI, DRYS, EXM. Look at their performance back around Feb / March and now in late August. Very very impressive. Food for thought when the time comes to pull the trigger on a buy.
Hey Spyder I am hoping you could expand upon this quote from this post from futures journal http://www.elitetrader.com/vb/showthread.php?s=&postid=1592087#post1592087. I have included the text from that post below. I understood that statement to indicate that your surprises in your equities trades resulted because you missed the change signal in the 30 minute chart. Since the 30 min is a faster fractal than the daily wouldn't it give you multiple signals for change (in both directions) through the duration of your hold which was based on the daily chart?. In other words, my expectation is that while waiting for the daily to signal change, one would get several change signals from the faster 30min fractal since it cycles faster than the daily. I interested in finding out how you were using the 30 min chart while trading on the daily period. Thanks
Another very nice call ..... - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1593745>
I intended my post to mean that my errors resulted from failing to notice change - whether daily, 30 minute or five minute wasn't the important part. However, I used the 30 minute charts to enter based off indicator levels after receiving a Volume signal when I first started. I used MACD and Stochastics on a thirty minute time frame to insure I had entered into a sustainable uptrend, and not, some flash in the pan, impulse move. Now, its all about Price and Volume (channels and Gaussians). - Spydertrader