Hi, all! Today, for my daytrading demo, I picked the first stock that came to mind… Apple Inc. (Nasdaq: AAPL)…. since the logo is on my mouse, my laptop, my phone, my iPod, etc, it’s hard to blame me. Just like in ES, we had a pretty smooth down-trend today. Four trades for four wins.
If you have missed the last few days, I’m highlighting one stock a day to show people how well just a couple eotpro indicators perform on stocks. I didn’t research any complicated method. Basically, you wait for pullbacks to the moving averages, and get in when volume pressure and paintbars agree. You get out when volume pressure subsides. If you look at a lot of the examples, you will see that this is a totally sub-optimal system for exiting a trade… but it is more-or-less mechanical, which I hope helps people to see that I am not cherry-picking trades or fudging the results. I show the whole day on the stock, etc.
I also encourage readers to point out stocks they’d like to see presented… if there are no suggestions I just pick a stock at random… and if you think I’m cherry-picking the stock, then you have no idea how lazy I am!
| Stocks Mentioned In This Article | |
|---|---|
| Stock | Links |
| AAPL |  |  |  |
August 25th, 2008 at 9:35 pm
Hey Richard,
I love that BidAskVolume indicator =). I am messing around with the strategy formula to get myself familiar with the Multicharts language and I noticed that there is no function that I can call for the BidAskVolume, am I able to use this in strategies?
August 25th, 2008 at 10:27 pm
not sure what you mean… everything in the elite series has a function. As you can see in the forums, the indicator is even built on the function for bidaskvolume.
August 25th, 2008 at 11:24 pm
That is exactly what I was looking for thankyou.
August 26th, 2008 at 1:52 am
Can you put QID on the charts ? It’s another etf I love to follow…thanks.
August 27th, 2008 at 9:35 pm
Hey Richard, how about skf or uso chart.
Thanks