StockFetcher Forums · General Discussion · The Money flow trading system<< 1 2 3 4 >>Post Follow-up
Mactheriverrat
3,153 posts
msg #156590
Ignore Mactheriverrat
modified
4/13/2021 11:40:46 PM

As of 4-13-21 with volume above 300000 , no etf, no otcbb there were 1389 stocks that SF showed that were in downtrending stage 3 mode.
one stock like PLUG.
Let a correction , market pull back or let a sell off happen like that of February of 2020. And this whole way of trading will kick in on a lot of stocks.

davesaint86
725 posts
msg #156594
Ignore davesaint86
4/14/2021 9:44:25 AM

Mac,

How is his trading strategy different Stan Weinstein's trading strategy? Is it basically a faster version of it?

Davesaint

Cheese
1,374 posts
msg #156596
Ignore Cheese
modified
4/14/2021 10:10:16 AM

@ John(Mac)

Thank you for your posts and videos.

my notes of GP's money flow system in your first video
OHLC chart type
EMA(5)
EMA(10)
MA(20)
MA(200)
RSI(14)
TSI(25,13,7)
MAC(12,26,9) and histogram
Slow Stochastics %K(14,3)
Support and Resistance

your notes of GP's updated money flow system
EMA 5
EMA 10
MA 20
RSI 14
Macd Histogram.
Macd
TSI

I would like some clarification:
1. How does he define money flow ?
2. How does he define Stage 1,2,3,4 ?



Mactheriverrat
3,153 posts
msg #156598
Ignore Mactheriverrat
4/14/2021 2:08:18 PM

@davesaint86 Yes Stan Weinstein's trading strategy was the weekly using the 30 moving average and basically a faster version of it. Like he said it isn't exact moving average on daily charts. Now looking back i was buying some stock that were way over brought rsi.

He has a weekly youtube he does but I'm impressed by what he giving and yes he's does have a few books one can buy and a 30 day boot camp for I think for $99 dollars.

@Cheese Money flow inn't a indicator but the process by which he's catch's stock that are turning around.

Stage 1 = End of down trend
Stage 2 = Uptrending
Stage 3 = starting of sideways movement.
Stage 4 = Not to long and trying ti " catch a falling knife"'.

Mactheriverrat
3,153 posts
msg #156599
Ignore Mactheriverrat
4/14/2021 2:14:25 PM

His $25 kindle book that he sell needs to be updated with his current he uses.

EMA(5)
EMA(10)
MA(20)
MA(200)
RSI(14)
TSI(25,13,7)
MAC(12,26,9) and histogram - Which you can't just have histogram on SF.
Slow Stochastics %K(14,3)
Support and Resistance

I'm back with stock charts.com with the $14.95 plan I think it is. I just use SF for the scans right.
Stockcharts of which I go to at some point again with the $24.95 is which you have more acesss to more indicators, scans, different folder of scans and watch lists.

klynn55
747 posts
msg #156601
Ignore klynn55
4/14/2021 5:28:12 PM

from the first video, he advocates buying or shorting big name stocks at rsi 14 extremes , he likes buying stocks at rsi14 below 30 because they have always gone up. the actions of stocks in march 2021 sort of back up his theory or perhaps he is merely taking advantage of those stock actions back then, and another condition of extreme rsi readings are the stock prices is also ranged although when i applied a squeeze chart to the the ranging stocks the squeeze indi did not fire !

Nobody
404 posts
msg #156604
Ignore Nobody
4/14/2021 7:33:16 PM

Thank you Mactheriverrat

scan with close below MA200 - saw interesting opportunities

Nobody
404 posts
msg #156605
Ignore Nobody
modified
4/14/2021 7:45:23 PM

Mactheriverrat

Does this fit as tradable candidate?







miketranz
961 posts
msg #156607
Ignore miketranz
4/14/2021 9:45:48 PM

Here's my take.You gotta love this guy,I mean he's for real.His presentations are not just interesting,there down right entertaining.As for his methodology,he's basically attempting to buying low/sell high,utilizing rsi (14).His buy trigger/execution point of entry is a crossover ma (20) from below.He references the initial break out/crossover as a stage 1 and goes on to the different stages in the stocks movement.He uses stop losses which is a plus.But wait,there's more.He takes advantage of high yield securities to further boost his return.This is pretty basic elementary stuff.Who wouldn't want to buy low/sell high? Larry Connors did extensive statistic backed studies on rsi,which is know for a fact works a certain percentage of the time.I felt the clips sent a positive message,a clear cut strategy,one that I would possibly use under the right circumstances.Send me a book.Best,Miketranz...

Mactheriverrat
3,153 posts
msg #156609
Ignore Mactheriverrat
4/14/2021 11:38:30 PM

@nobody
NO!!!

StockFetcher Forums · General Discussion · The Money flow trading system<< 1 2 3 4 >>Post Follow-up

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