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| Mike Parker's Method Use Mikey's method with Medved QuoteTracker™ and say good-bye to pump and dumps. |
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Sun, 09-25-2005, 09:19 AM
| #1 (permalink) |
| CRUSTY ON THE OUTSIDE !  Join Date: Mar 2005
Posts: 839
 | MP -- "SCALPING" WITH MIKEYS METHOD ! hey, ok, this came out of a conversation with the "rumpledone" during a really slow period of trading last thursday and is interesting for those of you who have the ability to "scalp" stocks. using all the normal parts of mikeys method for quotetracker, simply add the bollingers and the keltner channel as an overlay on the intraday charts (the 10 or 15 minute being the best, in this case). this method owes its origins presently to the tradestation groups, as traders there use it often ! when the keltner bands are INSIDE of the bollinger bands, a buy opportunity exists, and of course for a SELL, it is the opposite (or for a short). you will see that the band movement coincides with the movement of the rest of the mikeys indicators, but it does set up an interesting visual information source. also i have just set up one panel of my intradays according to "mookies" "slotmachine for qt" instructions and will be trying it out this coming week. the RSIWRL analyzer has not been altered as it does exactly what its supposed to be doing and is, in my opinion, one of the fastest ways to check a stock for positive or negative movement before entering a momo trade that i know of. although ive been trying a few differing things that are very interesting, the greatest SINGLE improvement would be real-time charts ! were still fooling around hither and yon, and will update as new and exciting is released ! trade well MP
__________________ Within the great hall at Elfinore stands a wondrous coffer, precisely four cubits square and securely latched against the outside world. Inside that repository, shut away from impertinent eyes, abides many an intriquing trading secret garnered from around the world and over the ages ! As a child, i used to watch from the darkness as the secrets were debated and annotated by the elders. No one there held a single thought of my presence -- BUT I KNOW WHERE THEY HID THE KEY !! |
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Mon, 09-26-2005, 10:19 AM
| #2 (permalink) |
| Senior Member Join Date: May 2005
Posts: 107
| Sounds interesting, and I know it will be good, but not exactly the thing to do when you have a job! 
__________________ The quality of decision is like the well-timed swoop of a falcon which enables it to strike and destroy its victim. Sun Tzu |
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Mon, 09-26-2005, 12:45 PM
| #3 (permalink) |
| CRUSTY ON THE OUTSIDE ! Join Date: Mar 2005
Posts: 839
| MP -- SCALPING WITH MM ! hey fibman, ya, true enough, unless your job is on wall street perhaps ! but it does work nicely for scalping and i was using it for SAMC today, very nicely indeed ! ive also set up qt using "mookies" "slotmachine" setup with the paintbars, but that also is for scalping, although it "could" be used for an intraday play once you learn it ! enjoy mp
__________________ Within the great hall at Elfinore stands a wondrous coffer, precisely four cubits square and securely latched against the outside world. Inside that repository, shut away from impertinent eyes, abides many an intriquing trading secret garnered from around the world and over the ages ! As a child, i used to watch from the darkness as the secrets were debated and annotated by the elders. No one there held a single thought of my presence -- BUT I KNOW WHERE THEY HID THE KEY !! |
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Tue, 09-27-2005, 01:41 AM
| #4 (permalink) |
 Join Date: Apr 2005
Posts: 3
 | Parameters for additional indicators What parameters are you using for the Bollinger Bands and Keltner Bands? The defaults in QT are: Bollinger Bands (10,2) and Keltner Bands (10) with an offset of 1. Also, do we adjust the scale? Just curious if you've deviated from the defaults. Thanks  |
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Tue, 09-27-2005, 08:14 AM
| #5 (permalink) | |
| CRUSTY ON THE OUTSIDE ! Join Date: Mar 2005
Posts: 839
| MP -- Bol and Keltner settings Quote:
hey mookie, actually using those indicators on your "paintbar" version of the "slotmachine" and working out nicely so far! thnx again for your efforts ! my settings for the bols is 10/1.5 (as per bollinger himself) and 9/1 for the keltner, with "adjust scale" enabled ! but as always, no one has written that in stone at the moment, but they work nicely ! trade well mp
__________________ Within the great hall at Elfinore stands a wondrous coffer, precisely four cubits square and securely latched against the outside world. Inside that repository, shut away from impertinent eyes, abides many an intriquing trading secret garnered from around the world and over the ages ! As a child, i used to watch from the darkness as the secrets were debated and annotated by the elders. No one there held a single thought of my presence -- BUT I KNOW WHERE THEY HID THE KEY !! | |
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