pthomas215
1,251 posts
msg #137928
- Ignore pthomas215 |
9/1/2017 11:27:19 AM
GRAF, you know a lot and have helped me with this system. Thanks for the tip on DO NOT DRAW at the end.
MU has been ridiculously good to me. Grabbed it in pre market again today and took 50 cents in about 2 minutes. getting in again at 32.50 or below. I like CRC right now...just on the watch list because of lower volume but it might make some noise on Monday.
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pthomas215
1,251 posts
msg #137929
- Ignore pthomas215 |
9/1/2017 2:33:21 PM
GRAF: on the charting wealth system, which has a greater impact on stock direction? 1) Solid Green Candle on a 2 day chart, or 2) Solid green candle on a weekly chart?
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graftonian
1,089 posts
msg #137933
- Ignore graftonian |
9/1/2017 7:22:58 PM
PT,
I really am not sure ow to answer your question. Check out: http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:heikin_ashi
As I understand it, HA candles have only two states, hollow or filled. Convention dictates south-bound candles are filled(black) and gainers are hollow(white). For some reason filled candles have become red and hollow candles green. Go figure.
The important traits of a winner are tall hollow candles with no "tail", or smooth bottom. I don't know the traditional japanese word for smooth bottom; but it could very well traqnslate to "velvet tuchas".
No answer to your question, but I'll think on it, maybe over a cold beer.
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pthomas215
1,251 posts
msg #137934
- Ignore pthomas215 |
9/1/2017 8:30:11 PM
Thanks for the response, as that makes sense. Im looking at so many charts my investing and trading can only benefit from alcohol consumption. If I start drinking in the morning, will check into a detox clinic.
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graftonian
1,089 posts
msg #137935
- Ignore graftonian |
9/2/2017 1:58:02 AM
Work is the curse of the drinking class.
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graftonian
1,089 posts
msg #137938
- Ignore graftonian |
9/2/2017 1:54:50 PM
PT, re the filter you posted on 9/01:
Just curious but tell me your reasoning for using a vix type index for oil as a market condition for buying non-oil related stocks? I have re-arraigned and re-worded a few statements, however I think the logic is the same.
Thanx, Chachi
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pthomas215
1,251 posts
msg #137939
- Ignore pthomas215 |
9/2/2017 2:09:28 PM
Thank you. I will take a look at your filter. I wasnt seeing it as more of a vix related play as much as 'if IFT(2,1) is moving and MACD fast is crossing above MACD slow line, we may have PPO line crossing above EMA on 2 day and weekly chart. Ive noticed that when you just get the 2 day crossover, you have at least a one day swing trade. GUSH looks good now, as does KERX and CLD.
by the way, can you pull up stock charts this morning for charting wealth? I cant seem to do it on Internet Explorer.
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graftonian
1,089 posts
msg #137948
- Ignore graftonian |
9/3/2017 7:14:38 PM
PT, Looks like it is too early for GUSH and KERX, but the stars are in alignment for CLD. Cloud Peak is an wyoming coal producer(read near the Pacific coast). Asian exports have gone from .2 M tons to 1.8 M tons year over year. Take that NoKo.
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pthomas215
1,251 posts
msg #137952
- Ignore pthomas215 |
9/3/2017 8:28:58 PM
Graft, plus energy is going to make a move. watch CHK too. almost ready. GUSH has had 2 strong days already...is it the weekly giving you a reservation on it?
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graftonian
1,089 posts
msg #137963
- Ignore graftonian |
9/4/2017 3:45:27 PM
PT,
1. TC2000 was down intermittently over the week end. seems to be OK now.
2. You were correct, it was the lack weekly indications which caused my misgivings on KERX and GUSH.
3. In the filter you posted on 9/01, you postulated that the IFT was a good indicator to feed the CW system and I fully agree with you. However I think the movement of the IFT in the past 20 to 40 days sets the scenario:
1. The stock must have been in the sewer previously, and, got there quietly, without a lot of kicking and
screaming.
2 . The climb out of tank must also be smooth and uninterrupted.
The above scenario results in a smooth, deep(pregnant) belly. When to pull the trigger is the job of the CW gurus. An attempt to define this curve in SF code follows.
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