Hi Glen,
I do not see INDU on the list-or is it my eyes....
That is what you are meant to compare the stock against....
Raj
So it is....
(one more thing to look after now apart from Macci )Jokes apart- now the Daily indu shows -8.5 and heading down.. there is still some juice left I think in the downward motion.. did not close my swings yet..
So it is....
no worries, i got my eyes tested about a year ago, was told i need to get glasses
still havn't done anything about it tho
cheers
glen
as it turns out, i did get this job (i thought i'd no chance)
should allow me to intra day in the future (when the times correct)
Glen
Not sure if G1 will answer this,
does anyone else use these two indcators on daily radar,
Glen
Ultramarine
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Thanks Glen, I see what you've done - taken the stocks on the target price list that Grey1 posted a while ago. That made me go back and look at it again as I'd only used it so far to check the target prices on the stocks on my own list. I see now that it contained a few stocks that were not on his original list -I hadn't checked. However, in his post he referred to producing targets for the remainder of the stocks, so I presumed that the final list would be longer. As it stands now, getting 10 or 12 stocks O/B from a list of 40 is going to be trickier than working with a list of 100 or so stocks. Any clarification on this anybody? (Iraj??)
Al
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yes, i see what you mean i will put all the stocks for the original weak list on to mine again
I think its important to realise which stocks have already fallen apart (MBI, TMA)
I would still like Grey1 to comment on the possible conflicts between the “MACCI” and the “Iraj N Minute” on the stock daily time frame, before I introduce this into the this strat. (Because if I get conflicting signals I won’t no what to do)
So for now I’ll stick with the MACCI only.
Glen
Grey1
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In my seminar i clearly mentioned that you can also use the same methodology ( IRAJ N MINUTE ) to short list those stocks that are weaker than the INDU with the highest MACCI for swing ..
I have also said that you short those stocks when the marke is spiking and NOT when the market is down 200 points ,, This methodoogy applies in all time frames ( 1 min to 1 month 1 year) .. Always short weak stock when every body is buying them if you have a longer bearish view toward a market ( which we do ) .
grey1
Ok that’s that cleared up, (thanks Grey1)
Will introduce this into this forward test.
Will be looking for the following set up now
1.Market showing a good set up (good spike up, MACCI daily at O/B or at previous turn level high)
2.Look for all weak list stocks that have O/B MACCI’s
3.Filter these stocks for there strength/weakness in relation to the market (using the Iraj N Minute indicator)
4.Pick 10 stocks (diversify across sectors as best as possible)
5.Enter using position sizing indicator for size
Glen
Glenn
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Hi Glen
I have just confirmed the method below via e-mail with Grey1, in trying to be precise about all the details.
For a portfolio for a Short swing trade:-
1. Use the Weak List
2. Use N-Minute Change with Daily compression to select stocks from the Weak list with lowest ATR Change compared to Indu.
3. Use Daily Macci on the selection to find stocks which have high Macci values,
4. Wait for 10-minute INDU Macci to be OB, and then go short using correct position size from new code.
5. Position size from new code will use Daily compression for this Swing portfolio.
I am about to post the new code for Position Size in another thread called TT Toobox.
It will have ELS and ELA versions.
Glenn
Glenn
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When you say downloading do you mean historical or live data ?
For live data :-
Is IB TWS showing the quotes changing ?
If yes then go into Globalserver
Click File - Work Offline and then
Click File - Work Online
This usually kicks it back into action.
Glenn
yes almost all prob's i've had have been when TWS quotes are working fine.
thanks Glenn
will try this
Glen
rightly pissed off tonight.
I've to go to Dublin tomorrow, then fly from Dublin to London, back late Friday
no trading next few days!!!
glen
trading weather intra day or swing, surely must be a full time business!!!!!!!!!!!!
Glen
Glen
You might be interested in the fact that Tradestation are about to bring out a new version that includes simulated trading. I was particularly annoyed yesterday or was it the day before when IB data was not available at all for quite some time. Luckily I'm running a long-term portfolio on that account and using Tradestation for intraday.
Charlton
