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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Threei who wrote (17331)6/20/2005 8:54:52 AM
From: Ken Adams  Read Replies (2) | Respond to of 18137
 
I've had some fair success with a scan that finds 3-5 day reversals from recent highs or lows. The reversal from recent highs gives better results than the opposite, suggesting the market may be more bullish than bearish (I guess).

I also run a scan that finds 52 week highs. I then watch that list for reversals back to a MA, or a trend line. Takes more work, but seems to be worth the effort.

Still seems pretty experimental, which leaves me unimpressed. I don't have an approach that seems to work "most of the time". Does anyone?



To: Threei who wrote (17331)6/20/2005 10:20:23 AM
From: Dave O.  Respond to of 18137
 
I also look for stocks that stabilize after a major move downward (or upward), biggest percent gainers (and losers) intra-day and 52 week lows (highs). I won't trade anything that doesn't do at least a few hundred thousand shares a day and my position size is correlated with the average daily volume as well as the price so as to not risk more than 5% on any individual trade.

Dave


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