pthomas215
1,251 posts
msg #134722
- Ignore pthomas215 |
3/3/2017 7:05:25 PM
selfhigh, i think you hit the nail on the head. If you back test it a bit, it appears that if it is not an ETF and comes out of the gate on Monday with pretty good traction, you have a nice 5 day swing trade. I will be watching EYEG, ESPR and AAOI Monday at the open.
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T_Charp13
35 posts
msg #134732
- Ignore T_Charp13 |
3/4/2017 4:58:02 PM
Hey, pthomas215, I like your from 01/31/2017. Been looking at it for a few weeks and had some solid returns on a few choices. The stocks that have dropped have done so pretty slowly so it's easy to cut a position with a 5% loss. I still need to nail down exactly how to pick the proper stocks but no system will ever give you 100% so I guess that no matter how high you try you'll always get a few losers here and there. Let us know how this new one compares to yours
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pthomas215
1,251 posts
msg #134734
- Ignore pthomas215 |
3/4/2017 5:18:30 PM
T_Charp, Im glad it is useful to you and hope you are making some $. I think Kevin created it initially and I just tweaked it a bit. On that one, I try to enter when the price just rises above the d1 line...exit when you are not content with price movement in relation to the EMA(13) and MA(20). That is what I do anyways. I will have to test this new one this week.
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T_Charp13
35 posts
msg #134737
- Ignore T_Charp13 |
3/4/2017 8:52:32 PM
Yeah, you two are pretty great.
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T_Charp13
35 posts
msg #134738
- Ignore T_Charp13 |
3/4/2017 9:07:29 PM
Oh, why is AAOI's performance 0? Seems like it's not "reward - risk" which I thought was the norm
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pthomas215
1,251 posts
msg #134739
- Ignore pthomas215 |
3/4/2017 9:51:12 PM
well, once they come up in the filter I rely more on what they look like on paper. AAOI looks overbought to me (price outside the upper BB recently), and I would expect to see some profit taking this week. I might be wrong, but i would look deeper into charting tools, Out of the 3, I would probably argue that EYEG and ESPR look better for the week, but lets see what happens on Monday at the open.
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T_Charp13
35 posts
msg #134741
- Ignore T_Charp13 |
3/5/2017 10:18:06 AM
Agreed but I'd watch out for EYEG and ESPR since they're both biotechs and we all know how those can trade, especially microcaps like EYEG.
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pthomas215
1,251 posts
msg #134742
- Ignore pthomas215 |
3/5/2017 11:19:07 AM
agree, good thinking on the big picture. I also always check Barchart overview and cheat sheet to get a final check. it helps me with pivot points.
https://www.barchart.com/stocks/quotes/EYEG/overview
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T_Charp13
35 posts
msg #134755
- Ignore T_Charp13 |
3/5/2017 7:40:01 PM
So, using the filter I mentioned previously it looks like CIG, NTAP, and DHT could be in play this week. Not going to trade them since I need to free up some cash but if you think they're good then you can give them a shot.
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pthomas215
1,251 posts
msg #134756
- Ignore pthomas215 |
3/5/2017 8:12:38 PM
Thank you T_charp. I definitely have been teeing up CIG all weekend looking for a flaw in the swing trade and I cant see one. EXEL looks good for a swing too.
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