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Registered User
Joined: 1/24/2005
Posts: 43
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I have spent the last few weeks setting TC 2000 v11 up. I have been looking back through my Telechart 2007 setups and my StockFinder setups. I am really pumped that the Worden tools seem to be converging into one path that makes life much easier. TC2000 v11 looks like it is covering all the technology bases. I am impressed and ready to start converting.
I have gone back through all of the past webinars to come up with a documented source of the solid ideas for picking and managing positions (real code and PCFs). I have been searching on all of the different approaches described in the forums and keep thinking that it would be extremely beneficial to have a library of technical setups that work in Telechart PCFs or real code in Stockfinder. Bruce is a great resource for scanning setups.
So I would like to ask this forum a question... what are you favorite setups? When you log onto Worden in the evening or next morning, what are your favorite scans that you use to set up trades for the next day? What are the scans for adding to the watch list for stocks or patterns to set alerts for?
Bounce off the bottom? Bollinger Bounces? Support and Resistance? Trend Reversals? Channels? Etc?
What is your one trick pony for finding stocks to look at? I think these should be documented and institualized as repeatable techniques within Worden.Please give this thread your best ideas. If we were going to set up the ultimate scans, what would those be? How would you document your setup to buy, manage and sell?
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Registered User
Joined: 7/1/2008
Posts: 889
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I think it's all about breakouts and pullbacks.
Look up the 10-day low thread
Look up signaltaps red & green spikes for extreme overbought/oversold
any breakout PCF...Here's one that finds breakouts with technically strong stocks courtesy of Stockbee.
C >= 1.04 * C1 AND V >= 1000 AND V > V1 AND (C - C1) >= .25 AND ( AVGC7 / AVGC65) >= 1.05
I also posted a thread about pullbacks to the breakout point you may find useful. It's not a PCF, but it is a good trade plan.
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Registered User
Joined: 7/1/2008
Posts: 889
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here ya go
Short term timing trick
the pullback to breakout trade
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Registered User
Joined: 1/28/2005
Posts: 6,049
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Some more stuff:
Finding Continuation Triangles And Wedges With Telechart
A simple profitable method for the newbie, or not so newbie
Regional Systematic Momentum Model
How do you use Telechart to find sector strength, rotation?
Thanks
diceman
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Registered User
Joined: 1/16/2011
Posts: 34
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How can one scan for consolidating stocks below 200 day MA, after a down trend, where there is volume starting to rise. I used to just go thru the sectors in the Morningstar sectors and just weed out the sectors that looked like what I am asking. Then compare the best sectors using RSI against the S & P and against each other, then look for the best stock charts within these best of the best sectors, picking out stocks under $10, with a PE less than 14. This takes a lot of time.
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Registered User
Joined: 1/28/2005
Posts: 6,049
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Depends what you call consoldating.
You may want to look at this:
Scan for stocks bouncing in a lateral channel
Thanks
diceman
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Registered User
Joined: 5/9/2010
Posts: 144
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Diceman, please, how may I make the Dragon Channels in the custom pcf for tc11? top (h*1.01) and bottom (l*.99). I trial and error a few things, no snap.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Jpetesmith,
The Custom PCF Indicator in the TC2000.com version 11 beta does not yet have a Plot Using Price Scale feature like the Custom Indicators in the current production release of TeleChart.
One possible workaround at this point is to use the formula you were originally going to use in the Custom PCF Indicator as the Indicator Line Formula of a Custom PCF Channel Indicator instead. You would then set the Channel Width Formula to something that would always return zero such as C - C.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 10/20/2012
Posts: 68
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QUOTE (ben2k9) I think it's all about breakouts and pullbacks.
Look up the 10-day low thread
Look up signaltaps red & green spikes for extreme overbought/oversold
any breakout PCF...Here's one that finds breakouts with technically strong stocks courtesy of Stockbee.
C >= 1.04 * C1 AND V >= 1000 AND V > V1 AND (C - C1) >= .25 AND ( AVGC7 / AVGC65) >= 1.05
I also posted a thread about pullbacks to the breakout point you may find useful. It's not a PCF, but it is a good trade plan.
I went ahead and tried this formula and it seems to be what I am looking for, however it shows the stocks after the breakout, is there a way with a PCF to scan for stocks very close to a resitance level and that the resistance level has been tested already twice? and with a volume higher than the average?
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Registered User
Joined: 7/17/2007
Posts: 3
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I am trying to find a pcf for a channel...stock moving $1 to $10 range often with 300K volume daily average. Is there one you have or can you tell me how to write this? Thanks Much
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Registered User
Joined: 10/7/2004
Posts: 794
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what is the difference between MinL10 and {10dLow} ABS(C < C9 AND C < C8 AND C < C7 AND C < C6 AND C < C5 AND C < C4 AND C < C3 AND C < C2 AND C < C1)*L
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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MINL10 returns the lowest low over the most recent 10-bars.
ABS(C < C9 AND C < C8 AND C < C7 AND C < C6 AND C < C5 AND C < C4 AND C < C3 AND C < C2 AND C < C1)*L returns the current low if the current price is lower than the closing prices of the previous 9-bars and returns 0 when this is not the case. It could be re-written as the much shorter:
L * ABS(C < MINC9.1)
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 10/7/2004
Posts: 794
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Thank you
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You're welcome.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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