Registered User
Joined: 3/21/2006
Posts: 4,308
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OMEX
APPY
DAR
BUCA
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Registered User
Joined: 3/21/2006
Posts: 4,308
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My power scans are Low, but the pre-market futures are booming. I have found this to be a good opportunity for a quick strike for profits.
I will buy one or two of these four if they start out by beating there highs from yesterday and I will un-load them soon after..
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Registered User
Joined: 3/21/2006
Posts: 4,308
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OMEX up 11%
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Registered User
Joined: 3/21/2006
Posts: 4,308
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BUCA up 8%
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Registered User
Joined: 4/18/2005
Posts: 4,090
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How did yo find OMEX ?? it should have come up onmy power scan. Oh wait I see there was a candle difference inthe MS and TSV move. Nice find.
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Registered User
Joined: 3/21/2006
Posts: 4,308
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OMEX 13%
BUCA 14%
Scott belive it or not I used the springboard indicator.
I made reference to this scalping method in another thread. When the pre-market futures are very positive, then I run a scan and sort by the spring board indicator. I am usually left with about 30 to look at and I take the best four or five and watch them.
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Registered User
Joined: 7/28/2007
Posts: 118
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Apsll,
I did some digging around and found a thread about your springboard indicator. I set up a scan using the following. Would you mind telling me if I got this right? I like what I see so far...
Price per share 4.10 to 25.10
Volume-5 day value= 268.4 to max
Springboard PCF (c>o)and(c>avgh4)and(h1<avgh4)
I came up with 173 stocks to look at. I also see where I can plot this as an indicator then sort a much larger list by it....
Thanks!
G
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Registered User
Joined: 3/21/2006
Posts: 4,308
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Grizzled1: I prefer using indicators to sort my easy scans as appossed to using a bunch of PCF's. 173 stocks is a lot of charts to look at. Try this instead.
(h+l+c)/3 Use this as - add custom indicator, indicator (hidden or not visable) now to this add a 19 day sma and to the 19 day sma add a 36 day sma and to the 19 day sma add a 5 day linear regression line. This is how I set up a pivot point indicator. Now sort your watchlist by the 5 day linear regression line by percent slope. (discard all stocks with a value of .03 or less).
Next make the following percent true indicator (c>o)and(c>avgh4)and(h>h1). Now with the stocks you are left with from the above sort you now want to sort that list by the percent true indicator (actual value). Discard all stocks with a value less than 100.
Lastly you want the 19 day sma pivot point indicator to be above its 36 day sma, so sort the 19 day compared to the 36 day by comparison % difference. Discard any value less than 5.0
You should now have a 20 to 30 chart list that will be easy to view. I started out with a basic easy scan for price per share and a Volume filter.
SQNM was one of the better looking charts on my list here is the chart -
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Keep in mind that this will only be a good buy if price can break the high of yesterday on strong volume.
I think that the market today will open weak but bounce back up by the afternoon or earlier.
I hope that I have been helpfull.
Apsll.
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Registered User
Joined: 5/31/2006
Posts: 47
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Hi Apsll
I'm interested in your springboard indicator also. I traced the formula grizzled uses in his post back several months ago and then the one you provide with your chart above is different, Just wondered why you changed it? From just a few minites of space baring through some charts I think I like the original better for entries after a pullback but I dunno. Hope you don't mind if I ask some more questions several hundred charts later. Thanks for sharing.
Mark
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Registered User
Joined: 3/21/2006
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You could even make the indicator more basic and less frequent. -
(c>o)and(c>(c1*1.1))
Also consider the 19 day sma crossing the 36 day sma as significant.
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Registered User
Joined: 3/21/2006
Posts: 4,308
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You could also try this - (c>o)and(c>(c1*1.05))
You can adjust the numbers to fit your comfort level..
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Registered User
Joined: 7/28/2007
Posts: 118
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APSLL,
I just got back to my computer....very busy day. Thanks a ton for the information. I adjusted my scan to price per share 4 to 25 and volume > 1500. I plotted the indicators and SMA's, completed the sorts and came up with 87 stocks to look at. Much better than 173.
I think I know what you are looking for once you get to this point, but if I may I would like to bounce a handful of symbols off you that I liked.
ASTI
GIGM
CLR
HINT
AOB
NTCT
GSB
NM
NGA
Interestingly when I toggled over to the chart that had the original formula (c>o)and(c>avgh4)and(h1<avgh4) plotted as a % true indicator, I found that in a few cases the original formula signaled a day earlier and sometimes more for an overall better entry as far as percent earnings.
For Ex;
ASTI signaled a day earlier
GIGM a day earlier
CLR 2 days earlier
HINT 3,4, and 5 days earlier for a great entry!
AOB same day
NTCT 2 and 4 days earlier
GSB 2 and 3 days
You have given me much to think about. I'll tinker with this to find some quick AM pops, and probably use the original for some longer term swings. Several of the above look nice on other charts with multiple indicators.
You are most kind to share what I am sure you worked hard to obtain...
G. 
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Registered User
Joined: 7/28/2007
Posts: 118
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Interestingly when I toggled over to the chart that had the original formula (c>o)and(c>avgh4)and(h1<avgh4) plotted as a % true indicator, I found that in a few cases the original formula signaled a day earlier and sometimes more for an overall better entry as far as percent earnings.
For Ex;
ASTI signaled a day earlier
GIGM a day earlier
CLR 2 days earlier
HINT 3,4, and 5 days earlier for a great entry!
AOB same day
NTCT 2 and 4 days earlier
GSB 2 and 3 days
Disregard all of the above........when making my comparisons I did not notice that I was looking at a 2-day chart............
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Registered User
Joined: 3/21/2006
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Griz, (may I call you that)? You clearly have this situation in your grasp. My final list had a lot of your stocks in there. From youR list I like -
GIGM
NGA
NM
ASTI
I would also add -
ESLR, PTT.
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Registered User
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I forgot to mention that I changed the indicator again. - (c>o)and(c>(c1*1.05))and(c>avgh5)
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Registered User
Joined: 5/31/2006
Posts: 47
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Hi Apsll
When you say
(h+l+c)/3 Use this as - add custom indicator, indicator (hidden or not visable) now to this add a 19 day sma and to the 19 day sma add a 36 day sma and to the 19 day sma add a 5 day linear regression line. This is how I set up a pivot point indicator.
I 'm not understanding how this defines pivots? It looks like a nice momentum indicator to me and you might want to use the %true springboard for entry trigger when there is good seperation between the MA? Another thought I had was from Sir MAVE of last nites Worden report. Calculating the % difference between the 19 and 36 sma and sort on that? Nothing earth shattering here but, I would like to know how you use the MA to define pivot points? Thanks.
Mark
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Registered User
Joined: 3/21/2006
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Mark, After reading a few threads by those that use Pivot points I decided to google this theory and found many versions and formulas. After constructing a few of them I found that I liked this one the best. I experimented with moving averages applied to the indicator and then compared them to price action. I found the particular set-up that I illustrated from above to be the best for my purposes.
You will see that after reading various threads that contain my many indicators, that I am a very un-conventional trader. I design these indicators to do my bidding and I do not know if they will be of use to anyone else. The reason for that is that I also have un-conventional methods for Managing the trade and taking on more risk than most other traders. What I do works for me very well. I am successfull in my short term trading and also Intermediat term.
I do not mind sharing my theories with all that are interested. Keep in mind that you can use all the tools that I use. It will not help you if you are not competent in the other more important aspects of trading. -
Money management
Risk management
Trade mangement
Chart pattern recognition
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Registered User
Joined: 8/9/2007
Posts: 10
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ApsII,
After using your Springboard indicator I have noticed that it is very effective for short sales. Is is just me or do you find this indicator highly usefull when looking for shorts?
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Registered User
Joined: 3/21/2006
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Stukov, I do not trade on the short side of the market. I trade strictly on the long. I know you will say to just reverse everything, but I am more comfortable walking on familiar ground. I am ahead fo the pace I set for myself a while back to retire early, so I would like to keep the ship on course..
I will share with you an indicator that you might already know about to look for shorting oppertunities. It is the diceman indicator used in the fan pattern setting.
((ABS(AVGC55-AVGC150)+ABS(AVGC116-AVGC150)+ABS(AVGC84-AVGC150)+ABS(AVGC300-AVGC150)+ABS(AVGC200-AVGC150)+ABS(AVGC400-AVGC150))/AVGC150)*100
In the following chart you can see that the indicator crossing its 100 day moving average serves a dual purpose. Long or short...
One last thing, can you demonstrate how my springboard indicator can be used to find shorting oppertunities???
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Registered User
Joined: 5/31/2006
Posts: 47
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Thanks Apsll
Appreciate you and everyone else who shares on this board. I like to buy dips in strong uptrends and sell for quick profits. My problem has been to figure out when the dip is over. Being able to identify the pivot a very high percentage of the time 1 or 2 days after is important to me. Your springboard seems to do a pretty good job of telling me the dip is over when used together with Guppy MA or the HNC/Diceman setup. That's the road I'm going down right now. I'm always searching for a way to buy closer to the actual pivot. Kinda like a holy grail search I guess but, none the less, it's what I try to do. Good Trades.
Mark
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Joined: 9/22/2005
Posts: 849
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apsll
A minor point for clarification in your (c>o)and(c>(c1*1.05))and(c>avgh5)
Isn't c always greater than zero?
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Joined: 1/28/2005
Posts: 6,049
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"apsll
A minor point for clarification in your (c>o)and(c>(c1*1.05))and(c>avgh5)
Isn't c always greater than zero?"
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bcraig
O is the open not zero.
Thanks
diceman
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Registered User
Joined: 8/20/2007
Posts: 5
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Apsll , AND grizzled1 hi guys i just bump into the topic
actually i really like.can you please give me the step by step parameters to achieve the scan and the imdicators .thanks
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Joined: 4/18/2005
Posts: 4,090
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APSLL is on Vacation... so if there is anything not above then we'll need to wait.
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Joined: 7/28/2007
Posts: 118
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dorisOsei
I can give you the parameters I used to come up with the list of stocks mentioned above, APSLL may have some better ideas, but you will have to await his return. This scan is simply used as a price and volume filter to narrow the list of stocks that you will sort by which is where the real meat of this comes into play.
Click on Easy scan; New;
All stocks
Price Per Share ; then in the drop down box make sure condition type is set to value. Then set the range from $4 -$25 This Narrows the price range of stocks to what you like to trade, set it to what you like.
Volume>=150,000 I created a simple volume filter PCF and included it in the scan it is V >= 1500, again you can set this to whatever you feel comfortable with.
If you use my exact settings you should come up with 1232 stocks to sort with. From here use the detais provided by APSLL to complete the sorts. My final list was 13 stocks
See below for remainder of indicator settings and sort details from APSLL;
(h+l+c)/3 Use this as - add custom indicator, indicator (hidden or not visable) now to this add a 19 day sma and to the 19 day sma add a 36 day sma and to the 19 day sma add a 5 day linear regression line. This is how I set up a pivot point indicator. Now sort your watchlist by the 5 day linear regression line by percent slope. (discard all stocks with a value of .03 or less).
Next make the following percent true indicator (c>o)and(c>avgh4)and(h>h1). Now with the stocks you are left with from the above sort you now want to sort that list by the percent true indicator (actual value). Discard all stocks with a value less than 100.
Lastly you want the 19 day sma pivot point indicator to be above its 36 day sma, so sort the 19 day compared to the 36 day by comparison % difference. Discard any value less than 5.0
Griz
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Registered User
Joined: 7/28/2007
Posts: 118
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Some of the stocks that came up on the springboard today;
SCON
MEA
GSB
OMPI
MTE
RNOW
OVEN
PZE
CRNT
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Registered User
Joined: 8/20/2007
Posts: 5
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hi griz ,i tested my system i got the following
emc
orcl
ep
aes
f
sle
xrx
pfe
twx
s
ltd
cmcsa
by the i used the settings you got
thanks looking forward to hear from ypu
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Registered User
Joined: 8/20/2007
Posts: 5
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hi griz ,i tested my system on 23/10/2007o i got the following
emc
orcl
ep
aes
f
sle
xrx
pfe
twx
s
ltd
cmcsa
by the i used the settings you got
thanks looking forward to hear from ypu
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