karennma
8,057 posts
msg #84025
- Ignore karennma |
12/8/2009 12:18:14 PM
whoops!
just missed a $1 move on KR.
probably more to come.
:>)
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Kevin_in_GA
4,599 posts
msg #84027
- Ignore Kevin_in_GA |
12/8/2009 12:39:04 PM
Yeah, but we're getting close.
ROFL!
In fact, if I weren't "scared", I'd buy more.
:>)
But I read somewhere, "never average down on a losing position" ... so, I won't.
++++++++++++++
generally I agree, but given the way the market is struggling, I'd be careful. Can you simply see this as an "investment" instead? Or is it too much of your trading capital?
By the way, here is a filter I have been testing that uses MAs of the PP, R1, and S! pivots as signals for entry and exit. Kind of like JP's Booya Buy Zone concept, but off of a different set of numbers. I modified this one specifically for BCRX, but you can check any stock using it:
This indicates that BCRX has been a SELL (or short if you want) since 17 November.
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karennma
8,057 posts
msg #84028
- Ignore karennma |
12/8/2009 12:54:33 PM
Thanks, Kevin.
Yes, I can see BCRX has been a sell since 17 Nov.
There's nothing I can do.
It can't go down forever.
:>(
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Radiomuse
288 posts
msg #84035
- Ignore Radiomuse |
12/8/2009 1:39:31 PM
Kevin - really cool filter! I've still been messing with the %5 a week, I'll post my latest version over there.
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karennma
8,057 posts
msg #84036
- Ignore karennma |
12/8/2009 1:41:35 PM
Yes, that is a nice filter, Kevin.
Not sure I understand all the columns, but clearly those pics that come up are going DOWN.
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karennma
8,057 posts
msg #84037
- Ignore karennma |
12/8/2009 1:43:32 PM
BCRX = $6.73 ...
Just when you think it "can't" go lower ... it does!
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Kevin_in_GA
4,599 posts
msg #84038
- Ignore Kevin_in_GA |
12/8/2009 1:49:21 PM
The basis for the filter is to look at pivot points as possible signals for entry and exit. For example, if a stock is on the rise, each day it will move its pivot points move up a bit. So if you were to construct simple moving averages of pp, r1, and s1, a rising stock will remain above the r1 MA until it begins to lose steam.
For an earlier entry, you could use stocks that cross the s1 MA from below as your entry signal, and then exit when the stock crosses the r1 MA from above. In this case I used the pp MA as the entry, thinking that once crossed the r1 MA should help to act as a support level to prevent retracement.
10 day MAs are an arbitrary decision on my part, but it seems to give smooth lines that, once crossed, remain as support/resistance levels while a stock rises (or falls).
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karennma
8,057 posts
msg #84039
- Ignore karennma |
12/8/2009 1:49:31 PM
BCRX!!
That's it folks!
$6.73 WAS THE bottom!
$$$$$$
;>)
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karennma
8,057 posts
msg #84040
- Ignore karennma |
12/8/2009 2:05:13 PM
oh noooooooooooooooooo!
$6.67???
%$ # $#(0+_ !!
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johnpaulca
12,036 posts
msg #84045
- Ignore johnpaulca |
12/8/2009 2:52:08 PM
Karen.....try using stops before you lose everything.
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