Oct 5, 2007

No movement

Some pretty boring stuff the last two days. Entered NVDA and made some cash, but there was really no follow through.

14 comments:

StockHunter said...

very odd...
I had fun today trading PCS, LEAP (short), RIMM, DRYS, EXM and FWLT long.

Anonymous said...

Just wondering if you have some kind of code for quotetracker that identifies NR7 or any other kind of narrow range bar. It looks like you do but I'm not sure. Is that just an indicator for an inside bar?

I use tradestation and I thought maybe if you had indicator/code for quotetracker, I could translate that to tradestation. Any help would be appreciated. Thanks, C.

OONR7 said...

sh: RIMM was about the only on that list that presented an opportunity for me and the way I trade, but I passed (which was obviously dumb). All the other stocks you mention did not make it on my watchlist. Nice trading on your part.

OONR7 said...

c: try this (not sure it'll appear correctly in the comments section. If not, just email me):
if (Bar High - Bar Low) < (Bar High[1] - Bar Low[1]) AND
(Bar High - Bar Low) < (Bar High[2] - Bar Low[2]) AND
(Bar High - Bar Low) < (Bar High[3] - Bar Low[3]) AND
(Bar High - Bar Low) < (Bar High[4] - Bar Low[4]) AND
(Bar High - Bar Low) < (Bar High[5] - Bar Low[5]) AND
(Bar High - Bar Low) < (Bar High[6] - Bar Low[6])
set color to Blue and stop else do nothing and stop

OONR7 said...

looks like it turned out fine.

ferde said...

oonr7,

re your post on scanning for nr7s...

I also use Quote Tracker. Where are you inputting your nr7 scan? I'd like to scan for both nr7s and 3rd inside 15 min bars and my pecking around has, thus far, not found where to enter such scans.

Appreciate your help and your blog.

Ferde

OONR7 said...

ferde... not sure what you mean about my post on scanning for nr7s. But, I do look for nr7 and narrow range entries with stocks on my watchlist. If you have a short enough watchlist, inside bars are pretty easy to spot.

ferde said...

I was referring to the following:

"c: try this (not sure it'll appear correctly in the comments section. If not, just email me):
if (Bar High - Bar Low) < (Bar High[1] - Bar Low[1]) AND
(Bar High - Bar Low) < (Bar High[2] - Bar Low[2]) AND
(Bar High - Bar Low) < (Bar High[3] - Bar Low[3]) AND
(Bar High - Bar Low) < (Bar High[4] - Bar Low[4]) AND
(Bar High - Bar Low) < (Bar High[5] - Bar Low[5]) AND
(Bar High - Bar Low) < (Bar High[6] - Bar Low[6])
set color to Blue and stop else do nothing and stop"

Thanks

OONR7 said...

ferde: Quotetracker has a feature called paintbars. It's located under the 'Charts' on the menu bar. You can create a new paintbar to show up on your charts with the code I posted.

ferde said...

Thanks!

QQQBall said...

thanls 007! i just started back with quotetracker.

QQQBall

Anonymous said...

OO7:
RE QT alerts, i set the alerts for many stocks and prices i consider appropriate...sometime it works and yet sometimes nothing pops!
and still other times, i hear all kinds of alert sound but no popped window. What's going on??
thx
sam

John S. said...

In terms of the NR7, Trade-Ideas has a setup for this on a 15 minute chart, but what timeframe do you guys look for in NR7's, 5 minute, 10, etc? Also, when trading, what are we basically trading against? Meaning, I realize on the Nasdaq there are Market Makers, but is it actually trading against human emotion or just trading against a computer or computer algorithms.? Silly question I know.

OONR7 said...

sam: seems like you need to experiment with the alerts settings. I used to have pop up window alerts but that became very distracting when I went to place a trade. Now, I just have the symbol in the portfolio flash red (no sound). I don't move or remove the alert until it has significantly moved away from my entry point.
john s: I pay attention to nr7s on the 5, 10 and 15 minute timeframe. They're especially powerful when they form on the 15-min chart at a particular support or resistance area. As for your second question... there are Specialists out there but also individual daytraders as well. Frankly, I don't care so long as I get a good fill :)