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"The 3 Magic Lines Strategy"

Started by Terliso, November 27, 2006, 12:53:52 AM

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aero

I think it would be a wonderful idea.


gmarc66

My alerts kept going off on this stock and i wasnt paying attention....check out DSNY..i think that was a very nice 3ML. How can u project how high they will go? Is there any method u use to dertmine that? The Fibonacci extensions?

thanks

julia

Terliso

Quote from: gmarc66 on December 05, 2006, 11:28:04 PM
No Terliso, I didnt trade APPI, although i had planned to...i still may, i'm watching it.

Hey...Terliso, I noticed ur birthday is coming up...the Big 28! woo hoooooo...paaahhhhttty!

Happy Birthday...have a great one!.. When is it exactly?
thanks

julia

Yeah... party time on monday!! ;)



Quote from: dwest718 on December 06, 2006, 10:54:02 PM
What about NENG?  Does it's price action apply to this thread too?


Yes Dwest, NENG also fits here ;)



Quote from: tokyopua on December 07, 2006, 11:15:19 PM
TTP  ;)
I think this fits the criteria, but I would be afraid to buy it here.  Might be a good candidate for STEPS to determine entry.

Terliso, what do you think?


I'm watching TTP also & using Aussie STEPS for good entry ;)



Quote from: AussieTrader on December 08, 2006, 03:11:00 AM
Automatic scan for 3 magic lines.

Hey guys,

I have constructed a very simple scan that basically says:

If the following is true:
• Daily Close for today crosses above 50-day Simple Moving Average of Close for today
• Daily Close for today crosses above 200-day Simple Moving Average of Close for today
• Daily Close for today crosses above 200-day Exponential Moving Average of Close for today

Then display results of US stocks with average daily vol >60K.

This is a good one Aussie but most of us here does not have the Metastock software, If you can post your results in this thread or some other thread it would be great... thanks ;)




Quote from: gmarc66 on December 08, 2006, 03:26:15 PM
My alerts kept going off on this stock and i wasnt paying attention....check out DSNY..i think that was a very nice 3ML. How can u project how high they will go? Is there any method u use to dertmine that? The Fibonacci extensions?

This is a perfect T3ML (DAILY & WEEKLY scale)
it would be nice if you post it earlier :D




I Took a position on XNN yesterday ;)
wish me luck! ;D




Terliso

ONNN, HTI & XNN T3MLS's certified....

I did put a limit order on these 3 stocks for yesterday session but I only got XNN :D
-- ONNN limit order @ 6.80 but opened at 6.85 & never look back... damn it!! :(
-- HTI limit order @ 4.40 but LOD of that day was $4.55 ....sucker!  :'( :'( :'( 


Terliso

Here, some more candidates for the T3ML strategy ;)

BFLY, MDF, AGXM, ALTH

nullzero

Terliso would IMMU qualify as the 3 magic lines? It looks pretty damn bullish.

bjc

LMRA count?

Price is settling nicely above 7...50 ma catching up, looks pretty good.

Terliso

Quote from: Terliso on November 29, 2006, 10:52:23 PM

VPHM, CHINA, GIGM, STEC, PTSC, AOB, BCON, AVII, CHDT, CHTR, IIJI, HSOA, PMU, GNBT, AUY

Because I noticed those stocks that has Weekly MACD Bullish Cross -- above zero level, Exactly @ zero level, bounced off at zero level or near @ zero level can also rise for months .... a much safer bet I believe for a medium term trader like me.
As I said on my previous post, it can also be use as a signal for "good earnings ahead" or some big news ahead.

Terliso

USGL

AussieTrader

T3ML Scan Results from Friday Close (Note no MACD weekly crosscheck):

GTIV
PESI
POS

Scan Criteria:
3 Magic Lines 60K Vol
• For the last market close:
• United States Stocks with...
• 50-day Simple Moving Average of Volume for today is greater than 60000
• Daily Close for today crosses above 50-day Simple Moving Average of Close for today
• Daily Close for today crosses above 200-day Simple Moving Average of Close for today
• Daily Close for today crosses above 200-day Exponential Moving Average of Close for today
AussieTrader
www.3stocksonfire.org

Try our Premium Service or just Register a FREE Account

Terliso

T3ML ----> NWACQ is definitely fits here.... strong resistance @ $6.00 that could be the top ;)

Terliso

look for pullback for HTI - use Aussie STEPS .....you see the MACD Histogram tick up in the weekly chart, very attractive....  ;)



-- Weekly MACD lines bounced off above zero --

Terliso

Quote from: Terliso on December 11, 2006, 01:16:23 AM
T3ML ----> NWACQ is definitely fits here.... strong resistance @ $6.00 that could be the top ;)

NWACQ hit the resistance @ $6.00... fantastic run! ;)

Terliso

We got BITS in the house too ;)

Terliso

We got BITS we also have armored trucks in the house ;)

FRPT