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Profile: ejr39
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User Name: ejr39
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Joined: Friday, January 28, 2005
Last Visit: Thursday, March 26, 2009 11:41:00 AM
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Last 10 Posts
Topic: Demark Indicators
Posted: Thursday, March 19, 2009 3:33:51 PM
Repost: TD %F

Signals

Call Entry
(C >= (C1*0.48)) AND (C <= (C1*0.55)) AND (O > (C1*0.55))

Put Entry
(C >= (C1*1.90)) AND (C <= (C1*2.04)) AND (O < (C1*1.90))

-----

Explanation

This scan is based on the TD%F described in Thomas DeMark's
book DeMark on Daytrading Options.

First, you should create a quote page of call options which are just
slightly "in-the-money" and very near expiration.

Then create a Scan which runs on this newly created options quote
page, with a "Daily" periodicity, and with the simple signal above. 
When a call option reaches this level, DeMark considers this an entry point.

This scan should be run frequently throughout the trading session.

The signal finds options whose current price is between 48 and 55
percent of the previous days closing price.

The option must not open below 55% of the previous days close.

Trade well and prosper

ejr39

P.S. Sorry for any inconvenience that the previous TD %F post may
have caused. Too many little (under 5) distractions today.
Topic: Demark Indicators
Posted: Thursday, March 19, 2009 2:54:52 PM
TD %F

Signals

Call Entry
(C >= (C1*0.48)) AND (C <= (C1*0.55)) AND (O > (C1*0.55))

Put Entry
(C >= (C1*1.90)) AND (C <= (C1*2.04)) AND (O < (C1*1.90))

-----

Explanation

This scan is based on the TD%F described in Thomas DeMark's
book DeMark on Daytrading Options.

First, you should create a quote page (WatchList) of call options which
are just slightly "in-the-money" and very near expiration.

Then create a Scan which runs on this newly created options quote
page, with a "Daily" periodicity, and with the simple signal above. 
When a call option reaches this level, DeMark considers this an entry point.

This scan should be run frequently throughout the trading session.

The signal finds options whose current price is between 48 and 55
percent of the previous days closing price.

The option must not open below 55% of the previous days close.

Trade well and prosper

ejr39
Topic: Demark Indicators
Posted: Wednesday, March 18, 2009 3:06:56 PM
ben2k9;

> one can run a google search to find free copies of these books online.....

Those free copies are in a variety of formats, some of which are difficult,
if not impossible to convert to a useable format.

And the search for specific titles usually takes one to (external link removed by moderator)

There are hundreds of free trading / investing books archived in one
location rather than repeatedly searching the web
plus one can select the book in a specific format  pdf, rar, etc.

One can search files by Author:
Connors / Raschke
.. STREET SMARTS (yes, the hard copy sells for about $150 new)

Alexander Elder
.. Come into my Trading Room
.. Trading for a Living

Dave Landry
.. On Swing Trading

John J. Murphy
.. Charting Made Easy
.. Technical Analysis of the Financial Markets

Van K. Tharp
.. Trade Your Way to Financial Freedom

Or search files by item:
. Candlesticks
.. Candlestick primer
.. CandleStick Patterns for Day Trading
.. Secret of Candle Charting
.. Mastering Candlestick Charts
.. Candlestick Charting Explained
.. Japanese Candlesticks Charting Technique

Trading Strategies
.. Encyclopdia of Chart Patterns
.. Encyclopedia of Trading Strategies
.. Mechanical Trading Systems
.. Technical Analysis from A to Z
.. Turtle Trading Rules

Trade well and prosper

ejr39
Topic: Demark Indicators
Posted: Wednesday, March 18, 2009 12:53:23 PM
FYI;

Archived at
(external link removed by moderator)

FREE (in several formats)

Tom Demark
. The New Science of Technical Analysis
. DeMark on day-trading options
. Plus several articles

ejr39
Topic: Looking For A Simple Hammer PCF
Posted: Tuesday, March 17, 2009 2:49:05 PM
FYI,

FREE at (external link removed by moderator)

Candlestick Charting Explained.pdf
by Gregory L. Morris

Trade well and prosper

ejr39
Topic: Looking For A Simple Hammer PCF
Posted: Tuesday, March 17, 2009 1:13:17 PM

robmat23

((((C<O)*C)+ ((C>O)*O))*(-1))-L>=(H-L)*0.75

This part of the PCF finds the Japanese CandleStick Hanging Man

. a &lsquo;special case&rsquo; of the Dragonfly Doji

 

AND (H-L)>(AVGH21-AVGL21)

This part is a Western attempt at a Wide Range Bar &ndash;

the most current bar&rsquo;s range is greater than the 21-day average range.

 

Japanese CandleStick Pattern: Paper Umbrella

 

Bottom Reversal patterns (found at the end of a STRONG downtrend)

Hammer
(((H-L)>3*(O-C) AND
((C-L)/(.0001+H-L)>0.6) AND

((O-L)/(.001+H-L)>0.6)))

 

Hanging Man
(((H-L)>4*(O-C)) AND

((C-L)/(.0001+H-L)>=0.75) AND

((O-L)/(.0001+H-L)>=.075)))

 

Top Reversal patterns (found at the end of a STRONG uptrend)

Hanging Man PCF
(((H - L) > 4 * (O - C)) AND

((C - L) / (.001 + H - L) >= 0.75) AND

((O - L) / (.001 + H - L) >= .075)))

 

Shooting Star PCF
(((H - L) > 4 * (O - C)) AND

((H - C) / (.001 + H - L) >= 0.75) AND

((H - O) / (.001 + H - L) >= 0.75)))

 

ejr39

Topic: Declining Wilder's RSI 2 period PCF
Posted: Wednesday, March 11, 2009 4:08:26 PM
joemar1961;

Evaluate the 2-period 2-days ago RSI using Wilder's smoothing
with the 2-period 2-days ago RSI Simple and the 2-period 2-days
ago RSI Exponential

In a Middle or Bottom Window
(remove all other indicators)
. Custom Indicator (2 days ago, Wilder's RSI - Period:2 Average:1 - Wilder's smoothing PCF)
__ Draw Color: white
__ Draw Style: Normal
__ Check: Visible
__ UNCheck: Center Zero Line
__ UNCheck: Plot using price scle
__ Smoothing Average: 1 Simple or Exponential (1 = no moving average)
__ Indicator Formula:
50 * (C2 - XAVGC3.3) / 2 / (.500030519440884 * (ABS(C2 - C3) +
.5 * (ABS(C3 - C4) +.5 * (ABS(C4 - C5) + .5 * (ABS(C5 - C6) +
.5 * (ABS(C6 - C7) + .5 * (ABS(C7 - C8) + .5 * (ABS(C8 - C9) +
.5 * (ABS(C9 - C10) + .5 * (ABS(C10 - C11) + .5 * (ABS(C11 - C12) +
.5 * (ABS(C12 - C13) + .5 * (ABS(C13 - C14) + .5 * (ABS(C14 - C15) +
.5 * (ABS(C15 - C16)))))))))))))))) + 50


. Custom Indicator (2-days ago, Wilder's RSI - Period:2 Average:1 - Simple)
__ Draw Color:
__ Draw Style: Normal
__ Check: Visible
__ UNCheck: Center Zero Line
__ UNCheck: Plot using price scle
__ Smoothing Average: 1 Simple or Exponential (1 = no moving average)
__ Indicator Formula: (RSI2.1.2)

Which charted is identical (overlays) to the following
. Custom Indicator (2-days ago, Wilder's RSI - Period:2 Average:1 - Exponential)
__ Draw Color:
__ Draw Style: Normal
__ Check: Visible
__ UNCheck: Center Zero Line
__ UNCheck: Plot using price scle
__ Smoothing Average: 1 Simple or Exponential (1 = no moving average)
__ Indicator Formula: XAVG(RSI2.1.2,1)

In the lower right corner of the screen, click the small scaling box
until the scale color is white - the RSI formula with Wilder's
smoothing is NOT on a 100 to 0 scale.

Note that all the lines travel together, the RSI2.1.2 and the XAVG(RSI2.2.2,) formulas
while less smooth are more definitive and may be a tad faster. AND the simple
formulas don&rsquo;t have the added problem of guessing what the scale values are.

ejr39
Topic: Declining Wilder's RSI 2 period PCF
Posted: Saturday, March 7, 2009 5:50:39 PM
joemar1961;

> two days ago RSI2 was below 65
(RSI2.1.2 < 65)

> and yesterday RSI2 was below RSI2 two days ago
AND (RSI2.1.1 < RSI2.1.2)

> and today RSI2 is below RSI2 yesterday
AND (RSI2.1 < RSI2.1.1)

PCF Name: RSI2.1 down
((RSI2.1.2 < 65) AND (RSI2.1.1 < RSI2.1.2) AND (RSI2.1 < RSI2.1.1))

EasyScan:
WatchList to Scan:
[Add condition]s
...
. RSI2.2 down - True

ejr39
Topic: choosing indicators ??
Posted: Saturday, March 7, 2009 5:34:14 PM

johnic,

You should be using Day Trader's Advantage (DTA)

In the following PCFs, adjust % and timeframe to fit your style.

PCF Name: Bull DTA(2% 15 days)
(- 1) * ((H > O*1.02) +
(H1 > O1*1.02) +
(H2 > O2*1.02) +
(H3 > O3*1.02) +
(H4 > O4*1.02) +
(H5 > O5*1.02) +
(H6 > O6*1.02) +
(H7 > O7*1.02) +
(H8 > O8*1.02) +
(H9 > O9*1.02) +
(H10 > O10*1.02) +
(H11 > O11*1.02) +
(H12 > O12*1.02) +
(H13 > O13*1.02) +
(H14 > O14*1.02))/15*100

Test for Syntax Error. Save

PCF Name: Bear DTA (2% 15 days)
(- 1) * ((L < O*0.98) +
(L1 < O1*0.98) +
(L2 < O2*0.98) +
(L3 < O3*0.98) +
(L4 < O4*0.98) +
(L5 < O5*0.98) +
(L6 < O6*0.98) +
(L7 < O7*0.98) +
(L8 < O8*0.98) +
(L9 < O9*0.98) +
(L10 < O10*0.98) +
(L11 < O11*0.98) +
(L12 < O12*0.98) +
(L13 < O13*0.98) +
(L14 < O14*0.98))/15*100

Test for Syntax Error. Save
Calculate for: All Items In System
Update All Criteria

EasyScan
WatchList to Scan: Common Stocks
[Add Condition]s
. Price per Share (affordable)
___ adjust Range Selector &hellip; VALUE &hellip; 5 to 100
. Volume 90-day (liquidity)
___ adjust Range Selector &hellip; VALUE &hellip; 2000 to Max
. Volume 1-day (still alive)
___ adjust Range Selector &hellip; VALUE &hellip; 1000 to Max
. Percent Shares Held by Institutions
___ adjust Range Selector &hellip; VALUE &hellip; 1 to Max
Save. Name: Prequalified Stocks ES WL. Scan Charts.

On the Main Chart Screen,
WatchList to Scan: YOUR Prequalified Stocks ES WL
. Sort by: IF trading LONG, Bull DTA(2% 15 days)
. . . . . .IF SELLING SHORT, Bear DTA (2% 15 days)
. Sort by Tab #n
__ Column 1 heading: Symbol
__ Column 2 heading: Price vs. 200 Day Moving Average
. . IF trading LONG, Price vs. 200-dma Value > 100
. . IF selling SHORT, Price vs. 200-dma Value < 100
__ Column 3 heading: Sort Value

From Column 3 find those equities with a 100 % Sort Value
(or as high as possible for the greatest chance of success)
______

Entry and Exit(s)

. Enter at tomorrow&rsquo;s OPEN

. EXIT RULE (written in stone): Don't get greedy!
Take the 2% profit and exit.
. Suggested IPS Exit: Pivot Points S1 or S2
. Time Exit Rule. This is a DayTrade, exit before the closing bell.

Test this strategy for a few days to get a feel for it -
the strategy doesn't fit everyone's style.

- - - - -

One can earn a very nice return using this strategy!

Example using the 2% DTA formulas
A 2% profit on a $100 equity or $2 * 100 shares = $200
A 2% profit on a $10 equity or $.20 * 1000 shares = $200
. Same $10,000 investment with the same return.
. The brokerage and other fees will probably be the same for
each trade

A $200.00 profit per day for 20 trading days (one trading month)
is a $4,000 profit

AND money management is simply knowing how much money you
have earmarked for a given trade. 

Trade well and prosper

ejr39

Topic: choosing indicators ??
Posted: Thursday, March 5, 2009 4:21:13 PM

Craig;

Your original request:

&ldquo; i am new to stockfinder wanted to know which indicators would be best to use in the beginning ...
i have basic investing skills how to read candles and some indicator knowledge ... but i want to start off using two or three indicators with my CandleSticks, what indicators would work the best for reading the market?&rdquo;

 

The first 3 indicators in any strategy are

. PRICE

. VOLUME

. TREND

 

In CandleStick psychology

The TREND is

. UP: Bullish or Buy Side Phases

. DOWN: Bearish or Sell Side Phases

 

Buy Side Phases
. Bullish Phase; Accumulation Phase

__ Bullish continuation patterns


. Recovery Phase

__ Bullish reversal patterns


Sell Side Phase
. Warning Phase

__ Bearish reversal patterns including the


. Distribution Phase, Bearish Phase

__ Bearish continuation patterns

 

__________

 

Write your own PCFs for &lsquo;perfect&rsquo; Candlestick patterns.

. Writing and studying &lsquo;perfect&rsquo; patterns sharpens one's pattern recognition skills i.e. "mind / eye" coordination.
. The &lsquo;perfect&rsquo; patterns won&rsquo;t be biased by someone else&rsquo;s thinking

. Avoid &lsquo;candlestick generators&rsquo; &ndash; YOU learn very little if anything about Candlestick construction

&lsquo;Perfect&rsquo; Candlestick patterns are explained and illustrated in

Candlestick Charting Explained

By Gregory L. Morris

 

FREE download at

http://www.4shared.com/get/72834487/b98542d8/Candlestick_Charting_Explained.html

 

If you need a little help writing the PCFs, a PCF collection -

CandleStick PCFs plus - is archived at

http://finance.groups.yahoo.com/group/Telechart_TCNetUsers/files/Primers/CandleSticks/

 

As you&rsquo;ll learn, not every pattern is tradable.

Improve the odds with

. moving averages

. support and resistance levels

. volume

 

PAIN (Price Action INdicator)

PCF Name: PAIN

((C - O) + (C - H) + (C - L)) / 2

http://www.forexrealm.com/technical-analysis/technical-indicators/price-action-indicator.html

 

If you are trading long at or near the close, look
for a sign that equity is being held overnight

((C-L)/(.0001 + H-L))

(Range Selector or Sort Value: 80 or greater)

 

Volume % Change

((V - AVGV50) / AVGV50 * 100)

(Range Selector or Sort Value: 120 or greater)

 

Price % Change

((C - C1) / C1 * 100)

 

Anything else is a Western indicator.

You&rsquo;ll have to use your own experience and judgement.

 

Trade well and prosper

 

ejr39