http://www.elitetrader.com/vb/showthread.php?s=&threadid=38777&perpage=6&pagenumber=343 I use the principals outlined in this post. Thanks, TNG
Thanks newguy, I had been using the Average DU rather than the Low Band. I appreciate the link that clarifies that.
I would be interested in hearing what everyone else is doing. I don't think you're the only one using DU, because people have asked me that before. Maybe the process changed somewhere down the line again and I missed it? It sure generated a lot of signals today... Thanks, TNG
Bought COGO at 19.55 earlier this AM. 11 Jan 2007 Watchlist via DryUp 3 scan: BITS COGO DXPE GIGM SIM XING via Bruno add: ACOR NVEC What is funny is I thought NVEC was on my DryUp 3 scan list earlier this AM and when I did it again recently, it isn't there. Seeing it in the DryUp 3 scan as well as others posting it here in their scan led me to stay in the trade rather than exiting.
I am in: NVEC at 30.94 DXPE at 32.42 I took a postion in COGO at 19.55, but when I looked at the chart a second time the Stochastic didn't meet the entry criteria. I exited COGO at 19.32.
If one uses the Chartscript DU Volume calculations for entry / exit signals, the process has not changed since I made the post to which you linked. - Spydertrader
FYI for future reference, look at GROW on the 30 minute chart, and draw in a channel using the 0900 hrs 05 Jan 2007 bar low. It is not on today's watchlist, but I imagine sooner or later we'll see it again this year. I'm not sure if it has already been stated, I'm sure it has as grow has been on the list forever, but in case a newbie is reading this, GROW is a wonderful proxy for the emerging markets. That is what the business is, fund management.
lol, two of your fills match mine to the penny.... I'm still in cogo, but as I said earlier I bought in with smaller size than usual. To me, it looks like it *could* be bouncing off a RTL on the 30 min chart. If it breaks that, however, I am definately getting out of it. Thanks, TNG