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Sweet setups

byronio said: "Right now, I'm finding stocks with: Parabolic buy signal Just crossed over it's 10 day average Good Stochastics (below 20 and rising, %K crossing over %D) Good MACD (Below zero line and rising) ADX above DI lines, with the negative DI above positive DI and moving towards a cross (see examples below) The one variable in this is that the ADX can also be below both DI lines, or it can just be rising up through 20 or 25 with positive DI crossing above negative. When I find the setups I'm not sure what else I can do to narrow the choices down, except looking at their history, see if there are open down gaps behind them that need filling, etc...I can check out the message boards and look into their sectors/industries...but I'm not too sure how important the fundamentals are in trades like these. [B]I'm interested in finding stocks that are going to do something in the day/swing trade time frame.[/B] On Friday I bought 104 shares of CSCO: [url]http://finance.yahoo.com/q/ta?t=3m&l=on&z=m&q=l&p=m10%2Cm100&a=ss%2Cvm&c=&s=csco[/url] I spotted SGR but had my money in another company, but you can see that the setup was sweet, and considering where they are based and what they do, then Katrina just shot them up: [url]http://finance.yahoo.com/q/ta?s=SGR&t=3m&l=on&z=m&q=l&p=m10,m100&a=ss,vm,m26-12-9&c=[/url] [B]So, my question is, is there anything else I should be looking at that will help me narrow down the list of stocks I find every day that match all of these criteria?[/B]"

LanceJ said: "@Byronio Sorry it took me so long to get back to you, but I've got to be brutally honest with you. When it comes to "day trading", that is looking for inter-day setups and buying and selling within 1 trading day, that is not my area of expertise. The reason it is not my area of expertise is because I'm not good at it. I think as traders, as time passes by, we sort of find what we're good at. And when we find it, we thank God for it (or lady luck, whichever you prefer) and we don't take it for granted. And we stick with what works for us, because it is the trading strategy that works best. Some have completely different strategies than mine that really work for them. So it's not that I disagree with your strategy, it's more that I'm not the best person to ask about it. Perhaps someone in the Day Trading forum who specializes in day trading can be more helpful?"

byronio said: "Cool,. thanks. I'll re-post it there."