Money Flow Index (MFI)

MFI>70 overbought (Bearish)

MFI<70 Oversold(Bullish)

Bollinger Methods

The squeeze anticipates high volatility following a low volatility.

You must combine volume indicators to confirm the validity of the squeeze.

After plotting the intraday intensity(II) i found it was behaving same as chaiken money flow index.

and  II was much better in showing the results than A/D.

So the volume indicators i short listed are Chaiken and MFI indicators.

-If you are long and the price tags(touches) upper band with the indicator neutral, take that as warning to tighten up your stops or exercise increased vigilance.If the indicator is negative its outright sell signal.

-Remember the W and M patterns near bottom and tops in bands.

 

 

 

Bollinger band bandwidth :If the value of this indicator is less than 10 it gives me all stocks with less volatility or consolidating or trying to break out squeeze

Bolling %b: this indicator gives where the price is with respect to bands >80 is upper band and <20 is lower band.

 

 

 

 

Exploration:

Bandwidth<5;

 

 

 

 

Method 2 explorations found good results with this for short:

Ref(Fml( "BBS - Bollinger Band %b"),-4) >80 AND  MFI(10)>70

Bollinger Bands

-Overbought and oversold needs to be confirmed with other indicators

page 84-86 good read again

-

Explorations i Found good so far in metastock

PS Consolidation

-identify congestion

-draw a line

-trade on the break out of the line

PS Cooper1234

-Showing results that have trended and pulled back to re enter

PS Impulse meter

-this is giving good results

PS Meisels Overbought/Oversold (Signal)

-Showing consistent results only

Books to read

Influence : The Psychology Of Persuasion by Cialdini Robert B

Secrets of power negotiating by roger dawson

 

The Magic of Thinking Big.Dr. David J. Schwartz

MY Trading Plan

 

 

 

1.Dividends:

-Go to investsmart.com.au look at upcoming ex-dividend timetable

-Look at security in IG is it tradable can i go long on this if yes enter the trade at right moment with stop losses.

(I need to see how well i can position my self if i go short).

RMO

 

The System

RMO Oscillator:

-Not worried about size or shape.

-Above 0 look for Long Trades

-Below 0 look for Short Trades

Exit swing signal

Swing Trade Indicator1:

-Don't use until you are in profitable position

-If the exit swing slips below the red line on a buy trade, look at putting in a trailing stop

-Likewise If the exit swing slips below the blue line on a sell trade, look at putting in a trailing stop

Swing Trade Indicator 2:Tracks Medium term trends (Pink Histogram)

Swing Trade indicator3:Tracks Long term trends (Purple Histogram)

-Cross of 2 and 3 implies change in strength

-Buy and Sell appear when swing 2 and 3 cross

-Red and Blue bars appear when Swing 2 moves above or below 0 line

-If you see a change in colour say from blue to red sell it below the low and red to blue buy it at high

 

SHORT:

Sell Arrow + Red bar + RMO is negative

LONG:

Blue Arrow + Blue Bar + RMO is Positive

All the above 3 does not need to happen on the same bar, we can wait for it to happen one after other

 

 

Explorations

LONG:

1.RMO Bullish Zone

2.RMO Market Trend New Blue

3.Swing Trd Buy Arrow

SHORT:

1.RMO Bearish Zone

2.RMO Market Trend New Red

3.Swing Trd Sell Arrow

 

Scan using no 1 above and then take the list and scan using 2 or 3 if the list is too long scan using both.