NEWS :
November 5, 2005
New filters added in alert-ideas
Four filters were added in alert-ideas, i think these filters are interesting and should be added in our day trading systems. But for now i will just explain what theses filters are about.
Here is the four filters :
Minimum Consolidation Filter
Maximum Consolidation Filter
Minimum Position in Consolidation Filter
Maximum Position in Consolidation Filter
Theses filters can be considered as just one, they are all related and should be interesting in addition with breakout alerts.
Something that is interesting here is that stock who consolidate can be very profitable if it run up again and the more the stock consolidate the more it can run up.
Going back to theses filters, the first pair consider the length of the consolidation and the second pair consider the height.
Should be very useful to day traders...
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