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Registered User
Joined: 3/21/2006
Posts: 4,308
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I just bought this one, It looks like a good swing entry point.
The 50 day moving average recently crossed up over the 400 day sma. Money Stream is positive and TSV is above zero. Stochastics 39,1,1 has been riding above the 80 zone for a while.
Although Volume is relaxing during this swing consolidation OBV is riding high. MACD-H is starting its turn up towards the zero line..
Any input on this one will be welcome...
Apsll...
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Registered User
Joined: 12/21/2004
Posts: 902
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that's a right purdy lookin' chart ya got there, Apsll
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Thx, Hohandy I have recently aquired some knowledge (I am sworn to secrecy) That has shifted my focus away from bottom feeding.
Diceman and an un-named source have steared my attention towards strong trending stocks. I will be using moving averages as a sorting tool, and some stochastics..
Also I will no longer consider stocks under $5.00
These are new aproaches for me so it will take a while to get good at it. When I find candidates then I will share them here with any who are interested..
Apsll...
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Registered User
Joined: 4/18/2005
Posts: 4,090
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What are your macD H settings? Mine show a possible peak to the downswing but nothing like a started up turn. macD lines them selves are coming down(with fastunder slow) from the top of my screen at settings 12,26,9. It is near it's 20 Exp Ma which seems to do a good job of representing it's "value line" since October. as I see it this is a momentum play. Also check weekly charts. Becareful the incline of the gain recieved already. for shorter gains it is between the 13, and 22 exp ma's .. a buy zone for Elders system.
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Registered User
Joined: 9/21/2005
Posts: 566
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Interesting that you decided to steer clear of the $5 stocks - what prompted you to make that move?
I am still experimenting with decision point stocks but don't think this one is quite ready. The upper ma's not showing the degree of compaction I would like and also I like to see a 5 day ma (exp) cross Diceman's indicator as one method of an entry trigger. The downside to using such a cross is getting a worse fill but the upside is the stock is more likely to move once it does.
As an example, take a look at PPD. I noted it on April 4 as possible decision point set up. Diceman's indicator was crossed on 4/16 or 4/17. Now granted the price entry was late but the stock has really performed since then.
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Registered User
Joined: 12/21/2004
Posts: 902
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[quote=apsll]Diceman and an un-named source have steared my attention towards strong trending stocks. I will be using moving averages as a sorting tool, and some stochastics..
Also I will no longer consider stocks under $5.00
quote]
Apsll - are you going to incorporate any volume benchmarks or indicators into your sorts? To me, volume is part of what puts the "strong" in "strong-trending"...
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Scott to answer your question, I am using MACD-H 9,20,6
I am not familiar with Elders theories...
Jcfla7, I am not sure which of Dicemans indicators that you are refering to as I have a few of them in use..Do you have it in the upper window. If you could share the formula then I will recognize I am sure..
Also look at stochastics 39,1,1 see where it is with ORCH and where it was with PPD (Early April) they are different scenario's I think. A better comparison can be made with the state PPD was in during the month of October 2006
Do not take me the wrong way, I like the chart for PPD. I also like the ADX pattern on ORCH when you zoom out to zoom 3
Thank you both for sharing your insights they were both helpfull...
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Hohandy you are correct about the volume and I have always had Volume filters in all my scans. Keep in mind that when a stock is consolidating (even during these strong trends) that Volume will decrease during the consolidation or the down swing of a pullback.
OBV is a good Volume indicator that I have started to rely on more now then I used to, I like that it works in a similar fashion as Money Stream in that it is an accumulative indicator. Look at OBV for the last three days (ORCH) even though volume is resting OBV is still positive...
And my decision to trade with stocks above $5.00 is that statistcs show the type of momentum patterns I seek are more prevalent in the higher price stocks...
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Registered User
Joined: 4/18/2005
Posts: 4,090
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Reguarding the Elder system.. Blocks offers most of his indicators.. his force index which is interesting and his impulse system can be downloaded as a workspace. I'm still learning it to see if I want to mess with it. Very moving average heavy in that it is trend following. The impulse system colors the bars or candles based ont he rules of Machd.. as I recal. If it is blue you can do anything ... long short or stand aside. Red is short or stand aside only and Green is long or stand aside only. Force index (given a fast moving average) is read for divergences over time.. but i'm still not clear on reading it for specific entry confirmation... haven't fiinished the chapter. Then there is his elder ray and his Elder bull bear power that he wrote. both are available for Blocks. IN his "Entries and Exits" there is also a pair of moving averages and a envelope chanel on price.
I resisted him at first but I'm beginning to warm to some of his ideas.
BTW he sell suuper expensive disks wtih his "system" for telechart (as settings) and other chart platforms... and it is free in blocks.
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Registered User
Joined: 9/21/2005
Posts: 566
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Here is Diceman's formula - I think its the one he first posted for working with HNC.
((ABS(XAVGC3-XAVGC8)+ABS(XAVGC5-XAVGC8)+ABS(XAVGC10-XAVGC8)+ABS(XAVGC12-XAVGC8)+ABS(XAVGC15-XAVGC8))/XAVGC8)*100
You can use it as a chart indicator and then using a short-term ma cross as one way to look for an entry point trigger. By the way, Diceman, if you read this and have any further thoughts on entry points for the HNC/Diceman approach, would enjoy hearing about them.
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