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Worden Discussion Forum » Members » epausman

Profile: epausman
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User Name: epausman
Groups: Gold User, Member, Platinum User, TeleChart
Rank: Registered User
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Joined: Sunday, August 19, 2007
Last Visit: Friday, June 13, 2008 7:39:49 PM
Number of Posts: 2
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Last 10 Posts
Topic: I am confused! What is the difference from TeleChart and Blocks?
Posted: Tuesday, September 11, 2007 6:49:17 PM
My trading criterion is a three step approach for a stock that meets my fundamentals and technical analysis. Corresponding stocks will be put on specific lists for me to scan and select during my trading days.

Step A:
First – scan all stocks for solid basic fundamentals (CAN SLIM) and classify them for long term investment.
Second - Find stocks with price/volume volatility, ATR, and other technical fundamentals (TeleChart or Blocks?)
Third – Update the stock lists depending if the market is “bull” or “bear”

Step B:
“Day Trading” or “Swing Trade” for me is to find stocks that have > 5% price swings during the day for the last 10 days (bear) or 3 days (bull). I will calculate the risk factor based on fundamentals (CAN SLIM).

Step C:
Buy one or more stocks and sell if profit is 5% or more. If stock not sold during the end of the day then keep the stock for few days. If the stock has good fundamentals keep it longer till price is >10% or more.

I have 20 lists of stocks categories. The list are classified the type of trading strategies, solid fundamentals, hot stocks, swingers, and watch list for “others” stocks.

Step A is where I am interested in using TeleChart or Blocks to scan for specific stocks that meet my criteria for price/volume swings during a range of days. Utilize ATR and other calculations to find additional stock characteristics.

I like the idea of using a modern programming language like C#.

The question is which one: TeleChart or Blocks? Both?

Thanks,

Ed
Topic: I am confused! What is the difference from TeleChart and Blocks?
Posted: Tuesday, September 11, 2007 12:07:31 AM
What is the difference from TeleChart and Blocks?

My trading style is day trading, swing, and long. I don’t do back testing.

I also know some C# programming.

I want to:
A - Scan the NASDAQ, etc for stocks that meet my trading criteria
B – Create about 20 stock lists
C - I now use eTrade and soon will be using TradeStation

Which one is best for me?

Thanks!

Ed Ausmanas