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Searching for trades
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13 years 2 months ago #2553
by Wreckless Eric
Replied by Wreckless Eric on topic Searching for trades
Interesting topic. From somene who doesn't trade much (I'm in the third sidelined at present)
In general market bottoms, I look for the ones that have dropped the most, hence KAZ ,Nov' 2008.
In sideways general markets (possible for next few years) just waiting for a few fav shares to reach key supports for short trade.
Also as Shorty mentions, big movers ,but especially down mainly to see if overdone and near to supports.
In general market bottoms, I look for the ones that have dropped the most, hence KAZ ,Nov' 2008.
In sideways general markets (possible for next few years) just waiting for a few fav shares to reach key supports for short trade.
Also as Shorty mentions, big movers ,but especially down mainly to see if overdone and near to supports.
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13 years 2 months ago #2531
by Jackozy
Replied by Jackozy on topic Searching for trades
Thanks for the responses guys.
Remo - yeah, that's kind of what I thought. It looks like I'll have to create some big updata watchlists in order to retain my chart drawings on those stocks. Oh, well - seems there's no way to avoid actually doing some work lol!
Remo - yeah, that's kind of what I thought. It looks like I'll have to create some big updata watchlists in order to retain my chart drawings on those stocks. Oh, well - seems there's no way to avoid actually doing some work lol!
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13 years 2 months ago #2527
by ftse80
Replied by ftse80 on topic Searching for trades
I think one of the best method to find opportunities is to stick together in the forum like this one.
Let say is about 100 of us, surely all of us can come up with something once a while
And then u can DYOR on this
If only everyone was willing to post/share…………
Let say is about 100 of us, surely all of us can come up with something once a while
And then u can DYOR on this
If only everyone was willing to post/share…………
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13 years 2 months ago - 13 years 2 months ago #2519
by remo
Replied by remo on topic Searching for trades
Nothing beats manual scans.Scans from a charting software also work if your looking for a particular type of pattern.
To look through the ftse100 companies manually takes me about 5-10 mins.
The reason i can do it so quickly is down to my software i use(metastock)and also my knowledge
Metastock stores every change you do on a chart automatically. So if i drew a trend line it will always be there until i remove it.same for support and resistance lines.So any thing i draw will automatically be saved on a live chart. This is a great feature as i dont have to save a watchlist as such.So if i manually go through the ftse 100 companies i dont have to keep drawing the trend lines as they will already be drawn so i can tell when a company is approaching a trend line if i manually scan every day.
This is the main reason i love metastock over other charting packages. Also the fact that you can go through the scans on live charts.They have some how made it possible to load a live chart in around a second.Other charting packages takes about 10 sec or more for a chart to load up.
So for me a manual scans is the best way to go as once you get used to looking at a chart it should take you less than 5sec worth of viewing per chart.Any more than that is pointless. Thats why a chartist will trump a fundamentals person hands down every time. A fundamental will take about 30mins or longer to research one company (few hours even)where as i can look at 350 companies in 30 mins
i may write a blog on this now
Thanks for the idea
To look through the ftse100 companies manually takes me about 5-10 mins.
The reason i can do it so quickly is down to my software i use(metastock)and also my knowledge
Metastock stores every change you do on a chart automatically. So if i drew a trend line it will always be there until i remove it.same for support and resistance lines.So any thing i draw will automatically be saved on a live chart. This is a great feature as i dont have to save a watchlist as such.So if i manually go through the ftse 100 companies i dont have to keep drawing the trend lines as they will already be drawn so i can tell when a company is approaching a trend line if i manually scan every day.
This is the main reason i love metastock over other charting packages. Also the fact that you can go through the scans on live charts.They have some how made it possible to load a live chart in around a second.Other charting packages takes about 10 sec or more for a chart to load up.
So for me a manual scans is the best way to go as once you get used to looking at a chart it should take you less than 5sec worth of viewing per chart.Any more than that is pointless. Thats why a chartist will trump a fundamentals person hands down every time. A fundamental will take about 30mins or longer to research one company (few hours even)where as i can look at 350 companies in 30 mins
i may write a blog on this now
Last edit: 13 years 2 months ago by remo.
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13 years 2 months ago #2513
by Shotry
Replied by Shotry on topic Searching for trades
My alarms facility is limited (20 alarms)and I sometimes use more than one per security (e.g. SP and RSI). That would seem like an area where collaboration would be useful for those who can post reasonably quickly if an alarm is triggered.
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13 years 2 months ago #2512
by Jackozy
Replied by Jackozy on topic Searching for trades
Thanks Shotry.
That's similar to my current, rather ad-hoc, method though yours is probably considerably better
I'm not the most organised of people so I find it strangely hard to do and maintain lists. Perhaps there's scope on CV for a community watchlist whereby upcoming trades/charts can be listed and then removed when the target gets hit?
At the moment there are quite a few good chances being posted (mainly be remo of course) but do we all keep track of them in a timely manner?
I realise that this would be additional administration and we'd have to be fairly selective as to what went on the list so as not to overload it with very speculative chances but I think it would be a great help to many.
Just a thought.
That's similar to my current, rather ad-hoc, method though yours is probably considerably better
I'm not the most organised of people so I find it strangely hard to do and maintain lists. Perhaps there's scope on CV for a community watchlist whereby upcoming trades/charts can be listed and then removed when the target gets hit?
At the moment there are quite a few good chances being posted (mainly be remo of course) but do we all keep track of them in a timely manner?
I realise that this would be additional administration and we'd have to be fairly selective as to what went on the list so as not to overload it with very speculative chances but I think it would be a great help to many.
Just a thought.
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