TheRumpledOne
6,411 posts
msg #53770
- Ignore TheRumpledOne
modified |
8/2/2007 12:50:58 PM
I use daily range statistics in my forex trading.
Thought I would apply that to stocks.
It helps to know how much "milk" each "cow" should give..LOL!
Combine this with the GAP STATISTICS and BUY ZONE and you'll have a pretty good idea just how much "milk" to squeeze.
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alf44
2,025 posts
msg #53802
- Ignore alf44
modified |
8/3/2007 12:09:41 PM
...good stuff Rumpled !
Pulls up a pretty nice watchlist of "Trading Stocks" !
I actually use something very similar to populate my watchlist. fwiw
Regards,
alf44
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TheRumpledOne
6,411 posts
msg #53860
- Ignore TheRumpledOne |
8/5/2007 8:51:08 PM
Hey Alf:
I switched to scalping RIMM instead of AAPL because RIMM's hourly candle range is almost always over $1.00
The first hour of the day is usually over $2.00
Really makes it simple to have a nice payday when stocks move like that every hour.
But aren't you more of a swing trader?
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alf44
2,025 posts
msg #53910
- Ignore alf44 |
8/8/2007 9:29:09 AM
"But aren't you more of a swing trader ?"
---------------------------------
Typically 1 to 3 days...at least that's the goal.
I do (often) hold for longer if I catch a trend...AND...I WILL get in and out the same day if PROFITS dictate that action.
On a "darker" note...sometimes I'm forced to hold longer than I would like if a trade goes against me and I have to "manage" the trade...AND...sometimes I WILL get in and out the same day if LOSSES dictate that action.
THERE !
I said it !
LOSSES !
Regards,
alf44
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