SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Swingtrade
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Brandon who wrote (291)4/5/2001 9:06:27 PM
From: Eric P  Read Replies (2) of 336
 
Brandon,

I was just catching up on my SI reading and came across your post:

Wide Range Day Buy Set-up
1) An uptrending stock that has pulled back for 2 to 4 days.
2) We want to see a day in which the range is substantially larger then is "normal" for a particular stock.
3) We want a stock which essentially opens at he high, sells off all day and closes at or very near the low.

Wide Range Day Buy Set-up Actions

1)The first action assumes the stock opens lower then the prior days low. At this point we set an alert 1/8 above the prior days low. If price is broken we will look to go long. Our stop is placed 5/16 below the low of the current day.

2)The second action assumes the stock gaps up from the prior days closing price. If this occurs we wait 30 minutes and take note of the high achieved in this period. Should the stock trade above this high at some point during the day we will look to go long.

It caught my attention because I had just finished programming these strategies (named the (1)Gap and Reverse Buy and (2)Extension Reversal Buy setups) into the TradeSeeker scanning and alerting software. Good to know that they will have an audience. What are your recommended stop locations for these setups?

-Eric

P.S. I've also programmed the reverse signals for shorting. More information on the TradeSeeker software will be available on the TeachMeToTrade website in the next two weeks. The product is only available in beta form until sometime next week.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News