Author Topic: Fibonacci alerts  (Read 11085 times)

gmv

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Fibonacci alerts
« on: August 08, 2012, 07:26:35 pm »
Hi,

I'm having so many alerts from the fibonacci alert and all of them are very noisy. I was just wondering if I could set a fibonacci alert filtering a price movement. What I'm looking for is to get fibonacci alerts just if the stock retraces from a move of at least $0.60.

Thanks.

TradeIdeas_DA

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Re: Fibonacci alerts
« Reply #1 on: August 08, 2012, 07:40:29 pm »
Give me a list of stocks (with times and dates) and I'll give you a strategy. Be not married to one indicator, but rather the best way to model a behavior.

I'll use the parameters you describe, but let's start from some examples.
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gmv

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Re: Fibonacci alerts
« Reply #2 on: August 08, 2012, 07:51:10 pm »
The best example would be CLNE today. The pattern I'm looking for is the retracement from the opening. From 9:30am to to 11am.
SODA has also very similar retracement pattern.

Timeframe of the charts: 1min

Thanks.

bollywoodboy

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Re: Fibonacci alerts
« Reply #3 on: August 09, 2012, 07:16:51 pm »
I am very curious to see what scan you come up with for this.  What is the best way to model a stock pattern? Is it best to use stocks like this for the given time period?

TradeIdeas_DA

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Re: Fibonacci alerts
« Reply #4 on: August 09, 2012, 11:51:11 pm »
Let me know if this works for you:
http://www.trade-ideas.com/View.php?O=4000000000000000000000000000000000001000000000000_419_0&MinPrice=10&MinVol3M=1000000&MinRV=1&MinRange120=.50&MinPCAV=100&MinGUD=.05&MaxGUD=-.05&MinPUp10=.25&MinRD=10&MaxRD=40&MinBoll5=55&WN=Stocks+Like+CLNE+and+SODA&col_ver=1&show0=D_Type&show1=D_Time&show2=D_Symbol&show3=D_Desc&show4=Price&show5=PV&show6=FCD&show7=R20D&show8=Count

As far the best way to model a stock pattern, I find this tool very helpful, but if you ask around the forum you'll find people various and different approaches to modeling - including Execution Consulting Services!
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gmv

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Re: Fibonacci alerts
« Reply #5 on: August 11, 2012, 06:24:11 pm »
Thanks. It shows some interesting patterns. I modified a couple of things and worked out pretty well. The only problem I had was that most of the stocks in this scan had a large spread. When I tried to set a max spread of 0.04, then it didn't give me any stock.

A stock that I traded with this scan was Expedia at 2:20pm at around $54.35. It gave me the pattern I was looking for pretty nicely.

Thanks again.

TradeIdeas_DA

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Re: Fibonacci alerts
« Reply #6 on: August 11, 2012, 07:12:28 pm »
Glad to help.
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