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Registered User
Joined: 12/3/2004
Posts: 32
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Recently, I was spending more and more time on WD Gann, methodology. One setup looks very promising to me, that is "Three higher highs" or "three lower highs".
What I mean by this is, price is in a down trend, and first higher high is above the previous swing low, and next two consecutive higher highs are above first higher high, just reverse for uptrend.
Perfect example : MTH
Please help
Tariq
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Registered User
Joined: 12/3/2004
Posts: 32
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Hi Doug,
I didn't got any reply so far from your side. I think there should be some way of scanning consecutive highs,your command over programming is way advance level, I am confident, you will come out with some solution.
Please help me out. I'll appreciate it.
Tariq
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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How long would you like the stock to be in a downtrend?
How far back should we look for "the previous swing low"?
How would you like to define something as a "swing low"?
- Craig
Here to Help!
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Registered User
Joined: 12/3/2004
Posts: 32
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Hi Craig,
Stock should be down for at least three months. Swing low we should look for maximum 21 trading days, and I define swing low as the previous Pivot Low.
Here is an example, Ticker Symbol "LEA" in a down trend hit the swing low on March 13,and gave first higher low on 10Apr., second higher low on 25th Apr, and lastly third higher low on May 1st, and now there is a very high probability it will shoot up from this price retracement, lets see.
This pattern is very strong, and I already made good on this trade. My 1st target 28.50 with in a month time. I don't know you trade for yourself or not, if yes, than, this is the good trade.
Bye for now.
Tariq
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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I understand the pattern on LEA but it is a series of higher lows you focus on. In your original post you talk about higher highs....
I will work on a scan that would find LEA and we can work from there. We will have some time constraints but this model should work. I will give a few other versions you should consider to look at more time frames.
To start, create the following PCFs.
3-month V
AVGL21>AVGL21.21 AND AVGL21.21<AVGL21.42
Higher Low Count 50-day
ABS((MINL10 > MINL10.10) + (MINL10.10 > MINL10.20) + (MINL10.20 > MINL10.30) + (MINL10.30 > MINL10.40)+ (MINL25 > MINL25.25) + (MINL5>MINL5.5) + (MINL5.5>MINL5.10) + (MINL5.10>MINL5.15) + (MINL5.15>MINL5.20) + (MINL5.20>MINL5.25) + (MINL5.25>MINL5.30) + (MINL5.30>MINL5.35) + (MINL5.35>MINL5.40) + (MINL5.40>MINL5.45))
Once you create and calculate these PCFs please build the following EasyScan.
WatchList (ALL STOCKS)
Price Per Share (limit based on your trading)
Volume 90-day (limit based on your trading)
Price Percent Change 26-weeks (VALUE: MIN to -5)
Price Percent Change 1-month (VALUE: 1 to MAX)
3-month V (No limits needed)
Higher Low Count 50-day (VALUE: 8 to MAX)
I just ran this scan with no price or volume limits. It found LEA and 60 other tickers. I sorted the WatchList created by the Higher Low Count in descending order. Here are some that look a lot like LEA to me:
IQW
LYO
NVTL
FXEN
ATRC
(plus many more)
You will not like every stock in the list... just spacebar to the next one.
Let me know what you think!
- Craig
Here to Help!
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Registered User
Joined: 12/3/2004
Posts: 32
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Craig and Doug,
Really you both have the precision, unbelievable, this easyscan for three higher low is working just perfect, I got a ready trade out of it. Now we wanna design just opposite of it "three lower highs".
APOL (I look for both fundamental and technical)
Craig, by profession I am an accountant working as a controller for a mid size corporation for the Nine years, I have spent a small fortune learning technical and fundamental analysis for the last two years.
I have mastered options very well, If you trade options let me know I have some real unique strategies for trading options not known to general public, I'll pass them on to you.
This trading has become passion for me, and I am touch wood trading profitably.
Reply.
Tariq
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Thank you for your kind words.
Here are the mirror PCFs to use. Create them then build the scan to follow:
3-month V Top
AVGH21<AVGH21.21 AND AVGH21.21>AVGH21.42
Lower High Count 50-day
ABS((MAXH10 < MAXH10.10) + (MAXH10.10 < MAXH10.20) + (MAXH10.20 < MAXH10.30) + (MAXH10.30 < MAXH10.40)+ (MAXH25 < MAXH25.25) + (MAXH5<MAXH5.5) + (MAXH5.5<MAXH5.10) + (MAXH5.10<MAXH5.15) + (MAXH5.15<MAXH5.20) + (MAXH5.20<MAXH5.25) + (MAXH5.25<MAXH5.30) + (MAXH5.30<MAXH5.35) + (MAXH5.35<MAXH5.40) + (MAXH5.40<MAXH5.45))
WatchList (ALL STOCKS)
Price Per Share (limit based on your trading)
Volume 90-day (limit based on your trading)
Price Percent Change 26-weeks (VALUE: 5 to MAX)
Price Percent Change 1-month (VALUE: MIN to -1)
3-month V TOP (No limits needed)
Lower High Count 50-day (VALUE: 8 to MAX)
- Craig
Here to Help!
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Registered User
Joined: 12/3/2004
Posts: 32
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Perfect!! Thanks a lot.
Appreciate it.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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My pleasure!
- Craig
Here to Help!
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