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Hit and Run Trading:(ejr39)
From Hit and Run Trading . . . The Short-Term Stock Traders’ Bible by Jeff Cooper.
Jeff Cooper is a momentum DAY-TRADER; he has a daily ‘column’ at tradehard.com.
The PCFs which I presented are reproduced from Jeff Cooper’s original
“Hit and Run Trading, The Short-Term Stock Trader’ Bible”.
Study the 180 (Long) rules – Reversal –
Stock’s price closed in the bottom 25% of yesterday’s range AND closed
in the upper 25% of today’s range. Trend – up as price is above both 10-
and 50-day moving averages.
Safety-net – the buy and stop rules.
Apply the 180 (Long) to stocks with a price greater than $40, an average
volume over 200,000, an average 5-day spread greater than $2, and today’s
spread greater than $2. Increase the profits by “trading stocks that have
multiple set-ups all pointing in the same direction. For example, a 180
combined with an Expansion Breakout is a powerful signal.” “Stay out!”
of any stock with conflicting signals. As for a chart picture, the rules
and the PCFs are self-explanatory. (Invariably, after I’ve posted EXAMPLES,
I receive an e-mail berating me because the misguided soul assumed the
example was a recommendation.) paper trade! Paper Trade! PAPER TRADE! Paper trade successfully before
investing the green stuff.
Add realism, join an investing challenge (game) that allows the ‘investor’
(player) to set buy and sell limits.
PCFs followed by an asterisk (*) are translated from Windows On Wall Street
(WOW) formula
. .As Mr. Cooper is primarily a day-trader and likes higher
priced stocks (above $40),
. . . . you may wish to tailor the stops for lower priced stocks.
Notes: The following Hit and Run Trading PCFs are presented as Alerts.
Remove all spaces from PCFs before Testing and < Updating All Criteria >.
1-2-3-4 STRATEGY:
– Developed by Larry Connors
– Strategy is used to identify when to enter into a runaway or an extremely,
strong trending stock.
– Substitute highest VHF values for ADX.
1-2-3-4 Strategy (Long):
Rules:
1) ADX must be more than 30 and the +DI more than the -DI OR IBD Relative
Strength Value >= 95.
2) Three consecutive lower lows or any combination of 2 lower lows and
an inside day.
3) For the buy: tomorrow only, buy 1/8 above today’s high.
4) Initial stop: near today’s low.
5) Thereafter, use a trailing stop.
1-2-3-4 Long Alert PCF*
((L<L1)AND(L1<L2)AND(L2<L3))OR((L<L1)AND(L1<L2)AND(L2>L3)AND(H2<H3))OR((L<L1)AND
(L2<L3)AND(L1>L2)AND(H1<H2))OR((L1<L2)AND(L2<L3)AND(L>L1)AND(H<H1))
For
the 1-2-3-4 Strategy Long add the 1-2-3-4 Long Alert PCF to an EasyScan
which includes either the VHF PCF and the +DI PCF OR the QP2 Relative
Strength Value PCF. Adjust the values. At the main chart screen, Sort
with -DI PCF.
1-2-3-4 Strategy (Short):
Rules:
1) ADX must be more than 30 and the -DI more than the +DI.
2) Three consecutive higher highs or any combination of 2 higher highs
and an inside day.
3) Tomorrow only, sell short 1/8 below today’s low.
4) Initial stop: near today’s high.
5) Thereafter, use a trailing stop.
Updated: 06-05-01
1-2-3-4 Short Alert PCF*
((H>H1)AND(H1>H2)AND(H2>H3))OR((H>H1)AND(H1>H2)AND(L2>L3)AND(H2<H3))OR
((H>H1)AND(H2>H3)AND(L1>L2)AND(H1<H2))OR((H1>H2)AND(H2>H3)AND(L>L1)AND(H<H1))
For the 1-2-3-4 Strategy Short add the 1-2-3-4 Short Alert PCF to an EasyScan
which includes the VHF PCF and the -DI PCF. Adjust the values. At the
main chart screen, Sort with +DI PCF.
180’s:
– one-day trend reversal; then resumes the trend
180’s (Long):
Rules:
1) Yesterday’s close must be in the bottom 25% of the daily range. (C1<=(((H1-L1)*.25)+L1))
2) Today’s close must be in the top 25% of the daily range. (C>=(((H-L)*.75)+L))
3) Today, stock must close above both its 10-day and 50-day moving averages.
. . . . (C>AVGC10) AND (C>AVGC50)
4) For the buy: Tomorrow, buy 1/8 point above today’s high. (H+.125)
5) Initial stop: 1 point under entry price.
180’s Long Alert PCF*
((C1<=(((H1-L1)*.25)+L1))AND(C>=(((H-L)*.75)+L))AND(C>AVGC10)AND(C>AVGC50))
180’s (Short):
Rules:
1) Yesterday’s close must be in the top 25% of the daily range. (C1>=(((H-L)*.75)+L1))
2) Today’s close must be in the bottom 25% of the daily range. (C<=(((H-L)*.25)+L))
3) Today, stock must close below both its 10-day and 50-day moving averages.
. . . . (C<AVGC10) AND (C<AVGC50)
4) Sell short: Tomorrow, sell short 1/8 point under today’s low. (L-.125)5)
Initial stop: 1 point above entry price.
180’s Short Alert PCF*
((C1>=(((H1-L1)*.75)+L1))AND(C<=(((H-L)*.25)+L))AND(C<AVGC10)AND(C<AVGC50))
BOOMERS:
– Substitute high VHF values for ADX
Boomer (Long):
Rules:
1) ADX must be more than 30 and the +DI more than the -DI OR IBD Relative
Strength Value >= 95.
2) Yesterday’s high must be less than or equal to its previous day’s high
and yesterday’s low must be greater than or equal to its previous day’s
low. ((H1<=H2) AND (L1>=L2))
3) Today’s high must be less than or equal to yesterday’s high and today’s
low must be greater than or equal to yesterday’s low. ((H<=H1)
AND (L>=L1))
4) Tomorrow only, buy 1/8 above today’s high. (H+.125)
>For a Boomer Long, add the Boomer Alert PCF to an EasyScan that includes
either the VHF PCF and the +DI PCF OR the QP2 Relative Strength Value
PCF. Adjust the values.
Boomer (Short):
Rules:
1) ADX must be more than 30 and the -DI more than the +DI.
2) Yesterday’s high must be less than or equal to its previous day’s high
and yesterday’s low must be greater than or equal to its previous day’s
low. ((H1<=H2) AND (L1>=L2))
3) Today’s high must be less than or equal to yesterday’s high and today’s
low must be greater than or equal to yesterday’s low. ((H<=H1)
AND (L>=L1))
4) Tomorrow only, sell short 1/8 below today’s low. (L-.125)
For a Boomer Short, add the Boomer Alert PCF to an EasyScan that includes
the VHF PCF and the -DI PCF. Adjust the values.
Boomer Alert PCF:
((H1<=H2)AND(L1>=L2)AND(H<=H1)AND(L>=L1))
EXPANSION BREAKOUTS:
Expansion BREAKOUT (Long):
Rules:
1) Today’s high is a 2-month (trading calendar) high. (H=MAXH42)
2) Today’s range (H-L) must be equal to or larger than the largest daily
range of the past 9 days.
3) For the buy: Tomorrow only, buy 1/8 point above today’s high. (H+.125)
4) Initial stop: 1 point under yesterday’s close. (C1-1)
Expansion Breakout Alert PCF*
(H=MAXH42) AND ((H-L)>=(H1-L1))
AND ((H-L)>=(H2-L2)) AND ((H-L)>=(H3-L3)) AND ((H-L)>=(H4-L4))
AND
((H-L)>=(H5-L5)) AND ((H-L)>=(H6-L6)) AND ((H-L)>=(H7-L7)) AND
((H-L)>=(H8-L8)) AND ((H-L)>=(H9-L9))
Expansion BREAKDOWN (Short):
Rules:
1) Today’s low is a 2-month (trading calendar) low. (L=MINL42)
2) Today’s range (H-L) must be equal to or larger than the largest daily
range of the past 9 days.
3) Sell short: Tomorrow only, 1/8 point under today’s low. (L-.125)
4) Initial stop: 1 point above yesterday’s close. (C1+1)
Expansion Breakdown Alert PCF*
(L=MINL42) AND ((H-L)>=(H1-L1))
AND ((H-L)>=(H2-L2)) AND ((H-L)>=(H3-L3)) AND ((H-L)>=(H4-L4))
AND
((H-L)>=(H5-L5)) AND ((H-L)>=(H6-L6)) AND ((H-L)>=(H7-L7)) AND
((H-L)>=(H8-L8)) AND ((H-L)>=(H9-L9))
EXPANSION PIVOTS:
UPDATED: 02-16-01
Expansion Pivot (Long):
Rules:
1) Today’s Range (H-L) is GREATER THAN the daily range of the past nine
trading days.
2) Either yesterday or today the stock is trading at or below the 50-day
moving average and explodes higher
. . . . ((H1<AVGC50)OR(L<AVGC50))AND(C>AVGC50)
3) Tomorrow, place a buy 1/8 above the explosion day high. (H+.125)
4) Initial stop: 1 point below the explosion (today’s) close.
Expansion Pivot Long Alert PCF:
((H1<AVGC50) OR (L<AVGC50))
AND (C>AVGC50) AND
(((H-L)>(H1-L1)) AND ((H-L)>(H2-L2)) AND
((H-L)>(H3-L3)) AND ((H-L)>(H4-L4)) AND
((H-L)>(H5-L5)) AND ((H-L)>(H6-L6)) AND
((H-L)>(H7-L7)) AND ((H-L)>(H8-L8)) AND
((H-L)>(H9-L9)))
Expansion Pivot (Short):
Rules:
1) Today’s range (H-L) is GREATER THAN the daily range of the past nine
trading days.
2) Either yesterday or today the stock is trading at or above the 50-day
moving average and explodes lower.
. . . . ((L1>AVGC50)OR(H>AVGC50))AND(C<AVGC50)
3) Tomorrow, sell short 1/8 below the explosion day low. (L-.125)
4) Initial stop: 1 point above the explosion (today’s) close.
Expansion Pivot Short Alert PCF:
((L1>AVGC50) OR (H>AVGC50)) AND (C<AVGC50) AND (((H-L)>(H1-L1))
AND
((H-L)>(H2-L2)) AND((H-L)>(H3-L3)) AND ((H-L)>(H4-L4)) AND ((H-L)>(H5-L5))
AND
((H-L)>(H6-L6)) AND ((H-L)>(H7-L7)) AND ((H-L)>(H8-L8)) AND((H-L)>(H9-L9)))
GILLIGAN’S ISLAND:
– reversal pattern
– Candlestick patterns: possible Dark Cloud Cover (Short) or possible
Piercing Pattern (Long)
Gilligan’s Island (Long):
Rules:
1) Stock must gap open to a new 2-month low. (O<L1)
AND (O<MINL42.1)
2) Stock must close at or in the top 50% of its daily range and equal
to or above the open.
. . . . (C>=(((H-L)*.5)+L))AND(C>=O)
3) Tomorrow, buy 1/8 above today’s high. (H+.125)
4) Initial stop: 1 point below entry price. . . . . . Hold overnight if
the stock closes UP strongly
Gilligan’s Island Long Alert PCF:
((O<L1)AND(O<MINL42.1)AND(C>=(((H-L)*.5)+L))AND(C>=O))
Gilligan’s Island (Short):
Rules:
1) Stock must gap open to a new 2 month high. (O>H1)
AND (O>MAXH42.1)
2) Stock must close at or in the lower 50% of its daily range and equal
to or under the open.
. . . . (C<=(((H-L)*.5)+L))AND(C<=O)
3) Tomorrow, sell short 1/8 under today’s low. (L-.125)
4) Initial stop: 1 point above entry price. . . . . Hold overnight if
the stock collapses.
Gilligan’s Island Short Alert PCF:
((O>H1)AND(O>MAXH42.1)AND(C<=(((H-L)*.5)+L))AND(C<=O))
LIZARDS:
– Reversal pattern, strictly for day trading
– Hammer candlestick patterns
Lizards (Long):
Rules:
1) Today’s open and close must be in the top 25% of the daily range.
. . . . (O>=(((H-L)*.75)+L)) AND (C>=(((H-L)*.75)+L))
2) Today’s low must be a 10-day trading low. (L=MINL10)
3) For the buy: Tomorrow only, buy 1/8 point above today’s high. (H+.125)
4) Initial stop: 1 point under entry price. . . . . . Sell the position
at the close if not stopped out.
Lizard Long Alert PCF*
(O>=(((H-L)*.75)+L))AND(C>=(((H-L)*.75)+L))AND(L=MINL10)
Lizards (Short):
Rules:
1) Today’s open and close must be in the bottom 25% of the daily range.
. . . . (O<=(((H-L)*.25)+L)) AND (C<=(((H-L)*.25)+L))
2) Today’s high must be a 10-day trading high. (H=MAXH10)
4) Initial stop: 1 point above entry price.
. . . . . Cover the short position at the close if not stopped out.
Lizard Short Alert PCF*
(O<=(((H-L)*.25)+L))AND(C<=(((H-L)*.25)+L))AND(H=
MAXH10)
SLINGSHOTS:–
takes advantage false breakouts.
UPDATED: 02-16-01
Slingshot (Long):
Rules:
1) Yesterday, stock makes a 2-month high. (H1=MAXH42.1)
2) Today’s low is at least 1/8 lower than yesterdays low. (L<(L1-.125))
3) For the buy: either today or tomorrow when the stock trades 1/8 above
yesterday’s high.
4) Initial stop: 2 points under entry price.
Slingshot Long Alert PCF:
((H1=MAXH42.1)AND(L<(L1-.125))
AND(C>(H1+.125)))
Slingshot (Short):
Rules:
1) Yesterday, stock makes a 2-month low. (L1=MINL42.1)
2) Today’s high is at least 1/8 higher than yesterdays high.
(H<(H1+.125))
3) For the buy: either today or tomorrow when the stock trades 1/8 below
yesterday’s low.
4) Initial stop: 2 points under entry price.
Slingshot Short Alert PCF:
((L1=MINL42.1)AND(H>(H1+.125))AND(C<(L1-.125)))
Slingshot Long Alert PCF:
((L1=MINL42.1)AND(H>(H1+.125))AND(C<(L1-.125)))
WHOOPS (SHORT ONLY):
Rules:
1) Stock must be trading under its 10-day AND 50-day moving averages.
(C<AVGC10) AND (C<AVGC50)
2) Yesterday’s close must be below the open. (C1<O1)
3) Tomorrow’s open must be at least 1/4 point above today’s close. (tomorrow’s
O>(today’s C+.25))
4) Tomorrow, sell short 1/8 point below today’s close. (C1-.125)
5) Initial stop: 1 point above entry price. . . . . .If the stock moves
down strongly,
move the stop 1/8 point below entry price – a stock that snaps back to
being positive, may be staging a reversal.
Whoops Alert PCF:
((C<AVGC10)AND(C<AVGC50)AND(C1<O1))
For additional information:
ADX and VHF:
. . . Mark Boucher’s Trading Watch Lists
. . . Traders Dictionary
. . . . . Average Directional Movement Index (ADX)
. . . Traders Learning Section
. . . . . Capturing Trends with the ADX
. . . . . . – Excellent explanation and illustrations
verthoriz filter
technical analysis Indicators
. . Vertical Horizontal Filter
Directional Movement (DI):
DMI clone – VHF – message 7003 by BigJDawson:
(( (C – C1) – .001 ) / ( ABS
( (C – C1) – .001) ) )) + (((C1 – C2) – .001 ) / ( ABS ((C1 – C2) – .001))))
+
(((C2 – C3) – .001 ) / ( ABS ((C2 – C3) – .001)))) + (((C3 – C4) – .001
) / ( ABS ((C3 – C4) – .001)))) +
(((C4 – C5) – .001 ) / ( ABS ((C4 – C5) – .001)))) + (((C5 – C6) – .001
) / ( ABS ((C5 – C6) – .001)))) +
(((C6 – C7) – .001 ) / ( ABS ((C6 – C7) – .001)))) + (((C7 – C8) – .001
) / ( ABS ((C7 – C8) – .001)))) +
(((C8 – C9) – .001 ) / ( ABS ((C8 – C9) – .001)))) + (((C9 – C10) – .001
) / ( ABS ((C9 – C10) – .001)))) +
(((C10 – C11) – .001) / (ABS((C10 – C11) – .001)))) + (((C11 – C12) –
.001) / (ABS((C11 – C12) – .001)))) +
(((C12 – C13) – .001) / (ABS((C12 – C13) – .001)))) + (((C13 – C14) –
.001) / (ABS((C13 – C14) – .001)))) +
(((C14 – C15) – .001) / (ABS((C14 – C15) – .001)))) + (((C15 – C16) –
.001) / (ABS((C15 – C16) – .001)))) +
(((C16 – C17) – .001) / (ABS((C16 – C17) – .001)))) + (((C17 – C18) –
.001) / (ABS((C17 – C18) – .001)))) +
(((C18 – C19) – .001) / (ABS((C18 – C19) – .001))))
Improved Directional Movement (DM) PCFs – messages 7957,
7958:
+DM (14-period) PCF:
((((H>H1ANDL>L1)OR(H>H1ANDL<L1ANDH-H1>L1-L))AND(H-H1))+(((H1>H2ANDL1>L2)OR
(H1>H2ANDL1<L2ANDH1-H2>L2-L1))AND(H1-H2))+(((H2>H3ANDL2>L3)OR
(H2>H3ANDL2<L3ANDH2-H3>L3-L2))AND(H2-H3))+ (((H3>H4ANDL3>L4)OR
(H3>H4ANDL3<L4ANDH3-H4>L4-L3))AND(H3-H4))+(((H4>H5ANDL4>L5)OR
(H4>H5ANDL4<L5ANDH4-H5>L5-L4))AND(H4-H5))+(((H5>H6ANDL5>L6)OR
(H5>H6ANDL5<L6ANDH5-H6>L6-L5))AND(H5-H6))+ (((H6>H7ANDL6>L7)OR
(H6>H7ANDL6<L7ANDH6-H7>L7-L6))AND(H6-H7))+(((H7>H8ANDL7>L8)OR
(H7>H8ANDL7<L8ANDH7-H8>L8-L7))AND(H7-H8))+(((H8>H9ANDL8>L9)OR
(H8>H9ANDL8<L9ANDH8-H9>L9-L8))AND(H8-H9))+(((H9>H10ANDL9>L10)OR
(H9>H10ANDL9<L10ANDH9-H10>L10-L9))AND(H9-H10))+ (((H10>H11ANDL10>L11)OR
(H10>H11ANDL10<L11ANDH10-H11>L11-L10))AND(H10-H11))+ (((H11>H12ANDL11>L12)OR
(H11>H12ANDL11<L12ANDH11-H12>L12-L11))AND(H11-H12))+ (((H12>H13ANDL12>L13)OR
(H12>H13ANDL12<L13ANDH12-H13>L13-L12))AND(H12-H13))+ (((H13>H14ANDL13>L14)OR
(H13>H14ANDL13<L14ANDH13-H14>L14-L13))AND(H13-H14)))
-DM (14-period) PCF:
((((L<L1ANDH<H1)OR(H>H1ANDL<L1ANDH-H1<L1-L))AND(L1-L))+(((L1<L2ANDH1<H2)OR
(H1>H2ANDL1<L2ANDH1-H2<L2-L1))AND(L2-L1))+(((L2<L3ANDH2<H3)OR
(H2>H3ANDL2<L3ANDH2-H3<L3-L2))AND(L3-L2))+ (((L3<L4ANDH3<H4)OR
(H3>H4ANDL3<L4ANDH3-H4<L4-L3))AND(L4-L3))+(((L4<L5ANDH4<H5)OR
(H4>H5ANDL4<L5ANDH4-H5<L5-L4))AND(L5-L4))+(((L5<L6ANDH5<H6)OR
(H5>H6ANDL5<L6ANDH5-H6<L6-L5))AND(L6-L5))+(((L6<L7ANDH6<H7)OR
(H6>H7ANDL6<L7ANDH6-H7<L7-L6))AND(L7-L6))+(((L7<L8ANDH7<H8)OR
(H7>H8ANDL7<L8ANDH7-H8<L8>L7))AND(L8-L7))+(((L8<L9ANDH8<H9)OR
(H8>H9ANDL8<L9ANDH8-H9<L9-L8))AND(L9-L8))+(((L9<L10ANDH9<H10)OR
(H9>H10ANDL9<L10ANDH9-H10<L10-L9))AND(L10-L9))+ (((L10<L11ANDH10<H11)OR
(H10>H11ANDL10<L11ANDH10-H11<L11-L10))AND(L11-L10))+ (((L11<L12ANDH11<H12)OR
(H11>H12ANDL11<L12ANDH11-H12<L12-L11))AND(L12-L11))+ (((L12<L13ANDH12<H13)OR
(H12>H13ANDL12<L13ANDH12-H13<L13-L12))AND(L13-L12))+ (((L13<L14ANDH13<H14)OR
(H13>H14ANDL13<L14ANDH13-H14<L14-L13))AND(L14-L13)))
. . . dynamic movement system
Moving Average (ma):
Moving Averages
. . . IBD – QP2 Relative Strength Value
Create a Trending Watch List:
Creating Trend WatchLists – message 7782:
To Create Uptrend WatchLists (reverse for
Downtrend)
DNS – 6 pt:
(AVGC5>AVGC13)AND(AVGC13>AVGC34)AND(AVGC8-AVGC17)>(AVG(AVGC8,9)-AVG(AVGC17,9))AND
(AVGC55-AVGC55.15>0)AND(C-C12>0)AND(V>AVGV120)
http://www.tradeon.com/wp-content/uploads/emember/downloads/tc2000/index.html
. . . DNS (Dave’s New System)
IBD or QP2 Relative Strength Value:
(((C/(.001+C62))*.04)+((C63/(.001+C125))*.02)+((C126/(.001+C188))*.02)+((C189/(.001+C251))*.02))*100
http://www.tradeon.com/wp-content/uploads/emember/downloads/tc2000/index.html
. . . IBD
From tradehard.com:
Mark Boucher’s Top RS list includes “3
technical and fundamental criteria.
They are:”
? Technical: Ranked in the top 15%-20% of Relative Strength
? Technical: Making new highs
? Fundamental: Ranked in the top 15%-20% of Earnings.
Tradehard.com Relative Strength
EasyScan:
<Personal Criteria>
. . .QP2 Relative Strength Value . . . Range Selector (Rank%) 80 to 85-99
<Technicals>
. . .Price as Percent of 52 Week High-H . . Range Selector (Rank%) 98-99
><Media General Fundaments>
, , ,EPS Percent Change Latest Yr . . . Range Selector (Rank%) 80 to 85-99
<Save> <Scan>
tradehard.com
. . . Mark Boucher’s Trading Watch Lists
UpTrend: Strength – message
7783:
Both ADX and VHF measure the STRENGTH of the
trend – NOT the direction of the trend
…Traders Dictionary
. . . Average Directional Movement Index (ADX)
00 VHF(14):
UPDATED:
02-02-01
(MAXC14-MINC14)/(.001+ABS(C-C1)+ABS(C1-C2)+ABS(C2-C3)+ABS(C3-C4)+ABS(C4-C5)+ABS(C5-C6)
+ABS(C6-C7)+ABS(C7-C8)+ABS(C8-C9)+ABS(C9-C10)+ABS(C10-C11)+ABS(C11-C12)+ABS(C12-C13)+ABS(C13-C14))
EasyScan:
< Personal Criteria>
. . . < 00 VHF (14) > . . . adjust Range Selector (Rank %) . . 70
to 80-99
. . . . . (Adjust Range Selector (Rank %) higher for fewer selections
or a stronger 14-day trend.)
Improved Directional Movement (DM) PCFs – messages 7957, 7958:
See +DM and -DM above.
UpTrend: Reading the Charts
– message 7785, correction 7786:
EasyScan for identifying UP trending stocks:
< Personal Criteria>
. . . < 00 VHF (14) > . . . adjust Range Selector (Rank %) . . 80-99
. . . < 00 DMI (14) Clone > . . . adjust Range Selector (Value)
. . . 0.01 to Max
. . . < QP2 Relative Strength Value > . . . Range Selector (Rank%)
80 to 85-99
. < Technicals >
. . . < Volume 5-Day-H > . . adjust Range Selector (Value)* . .
.500 to Max
. . . < Volume 90-Day > . . . adjust Range Selector (Rank %)* .
. .64 to 99
. . . .(Volume 90-Day Range Selector Rank % adjusted 2% higher than Volume
5-Day-H Range Selector)
. < Media General Fundamentals >
. . . Capitalization . . . adjust Range Selector (Value)* . . . 150 to
Max
WatchList to Scan: All stocks or a bulleted DNS WatchList
< Save > < Scan >
Save the daily EasyScan WatchList to a bulleted TREND FOCUS WatchList
for further evaluation. *
The user is encouraged to adjust the EasyScan’s general, fundamental and
technical criteria to fit
her / his requirements. Reading the chart – Visually confirming the UP
TREND!
Editing a chart Indicator Tab#:
Top
. Prices
. . Linear Regression – 52 bar period (Long-term trend) – 1 year
. . Linear Regression – 26 bar period (Intermediate-term trend) – 6 months
. . Linear Regression – 13 bar period (Intermediate-term trend) – 3 months
.. . Linear Regression – 3 bar period (Short-term trend being identified
by VHF, DI clone) – 15 days
On a WEEKLY chart (using the daily EasyScan WatchList or the TREND FOCUS
WatchList):
1) Is the long-term trend up, down, or flat?
2) Are the intermediate-term trends up, down, or flat?
3) Is the short-term rising Linear Regression line part of an existing
up-trend? (Continuation?)
4) Is the short-term Linear Regression line rising from a flat long-term
line or flat intermediate-term line? (Break Out from consolidation?)
5) Is the short-term Linear Regression line rising from a down-sloping
long-term line or down-sloping intermediate-term lines? (Reversal?)
The PCFs and the EasyScan allow the chart reader to focus on the characteristics
of the uptrend;
the reader isn’t distracted by indecisive direction. OR inadequate media
general, fundamental, and / or technical criteria.
Updated:11-17-01
Message 10937
Extended
Level Boomers Strategy
TC2000 Version 4.3.0019 07/23/00
Assumptions:
Day one is 2 days ago
60-days = 42-trading days
A “tick”
. the minimum price increment of a stock
. stocks trade in minimum increments of 1/16th of a point or $.0625
. a move of 1/16 up or down is one-tick
Suggested
Solution:
1. Day one makes a 60-day high.
(H2>MAXH42.3)
2. The next
two days and beyond, the stock trades
under or equal to the Day one high and above or equal
to the Day one low .
Boomer: ((H1<=H2)AND(L1>=L2)AND(H<=H2)AND(L>=L2))
3. Following
the two days that the stock trades INSIDE
the Day one high, place a buy order (good till
canceled) one tick above the Day one high.
Buy: (H2 +.0625)
4. If the
stock trades under the Day one low before it
trades above the day-one high, cancel the order.
5. When filled,
risk 1 point and use a trailing stop
to lock in profits.
Open protective Stop: Entry Price – $1
Extended Level
Boomers (long) Alert
Add Rules 1 and 2 to an Extended Level Boomers EasyScan
If you wish to continue following the stock BEYOND (Rule 2), copy the
Extended Level Boomers EasyScan
WatchList to a bulleted WatchList.
Remove the stocks that fail (Rule 4) from the bulleted WatchList.
Updated:
11-17-01
Message 9718
Jeff Coopers Jack-In-The-Box
Jack-In-The-Box
is a variation of the Three Inside Up candlestick pattern.
If you wish
to trade stocks over $30.00 per share:
(C>30)
1. A stock
must make a 9-day expansion breakout: this means it must make a 60 day
high (or 42 trading-day high?)
H1>(MAXH42.2)
and its range
must be the largest of the previous nine trading sessions.
((H1-L1)>(H2-L2)AND
(H1-L1)>(H3-L3)AND
(H1-L1)>(H4-L4)AND
(H1-L1)>(H5-L5)AND
(H1-L1)>(H6-L6)AND
(H1-L1)>(H7-L7)AND
(H1-L1)>(H8-L8)AND
(H1-L1)>(H9-L9)AND
(H1-L1)>(H10-L10))
2. The day
after the 9-day expansion breakout, i.e. today. The market must CONTRACT
and trade INSIDE the breakout day’s bar.
Inside day:
(H<H1)AND(L1<L)
3. Buy the
day after the inside day, 1/16 above the breakout day’s high and risk
one point.
Updated:
11-17-01
Message 9681
Jeff Coopers Reversal New Highs Method
From tradingmarkets.com
q and a:
It is actually a continuation pattern and not a
trend reversal. The
reversal (for buys) refers to a stock selling off intraday to trade under
the previous days low, then reversing to shoot to new highs
PCF suggestions:
For Buys (white
candlestick):
(C>O)
Stock above
$30, the higher the better.
(C>30)
or EasyScan Technical Criterion Library – Price Per Share H (Value:
29.99-Max)
or
main chart screen Sort Value above 29.99
OutSide Day:
… The stock must trade under yesterday’s low (L<L1)
… It must then trade above yesterday’s high (H>H1)
(An Outside
Day can also be: (L<=L1)AND(H>=H1)
IF the outside days spread is LARGER than the previous
spreads in the series).
5-day Range
Expansion: today’s range must be the LARGEST range of the past five days
((H-L)>(H1-L1)AND
(H-L)>(H2-L2)AND
(H-L)>(H3-L3)AND
(H-L)>(H4-L4)AND
(H-L)>(H5-L5))
Today the
stock must make a new 60 day high.
. . . In the examples, does Coopers 60 days = 42 trading days?
If today is
a new high,
. . . H must be greater than or EQUAL to MAXH i.e.
(H>=MAXH42)
or
. . . H must be greater than MAXH starting yesterday
i.e. (H>MAXH42.1)
Updated:
11-17-01
Message 10938
V-thrust Strategy
TC2000 Version 4.3.0019 07/24/00
Assumptions:
Yesterday is todays TC2000 market close;
Today is the trading day following the TC2000 market close.
60-days = 42-trading days
Suggested
solution:
1. The stock must have made a 60-day high within the past seven trading
sessions.
MAXH7>MAXH42.8
2. A sharp
three- to six-day sell-off must then ensue. 20% Retracement:
C1<(MAXH7-(MINL7*.2))
3. Yesterday,
the stock must have risen above the previous days high, giving us the
beginning of a
V-formation Modified Swing Low Pattern 1:
((H2>H1)AND(C>H1)AND(L2>L1)AND(L>L1))
See message 7981.
4. Today only,
buy 1/16 above yesterdays high and risk 1 point.
BUY: H +.0625
RISK or Open Protective Stop: Entry price – $1
5. Exit
on the close.
If the stock closes near the top of its range, you may want to hold one-half
overnight.
V-Thrust
(Long) Alert
#1 42-trading
day high within the past seven trading sessions PCF
(MAXH7>MAXH42.8)
#2 20% Retracement
PCF
(C1<(MAXH7-(MINL7*.2)))
#3 Modified
Swing Low Pattern 1 (V-formation) PCF
((H2>H1)AND(C>H1)AND(L2>L1)AND(L>L1))
Either customize
a WatchList sort tab or add the PCFs to an EasyScan The PCFs are best
applied to a strongly uptrending WatchList i.e. BEI Range Riders.
See the following
messages to Create a Trending Watch List
. . . Creating Trend WatchLists message 7782
. . . . . UpTrend: Strength message 7783
. . . . . Improved Directional Movement (DM) PCFs messages 7957,
7958
. . . . . UpTrend: Reading the Charts message 7785, correction
7786 |
