Milking the STOCK cows - learning the ins and outs

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cwn6161
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Milking the STOCK cows - learning the ins and outs

Postby cwn6161 » Thu Mar 18, 2010 5:17 pm

I've been trying to use the milk the cows system on one stock since the beginning of March with AAPL. I haven't had much success, and I'm wondering if there is something I'm missing to the whole idea.

Here are the rules from what I understand. Let's assume AAPL has gapped down from its previous close.

1) since AAPL gapped down, the first trades should be longs, after the price has reached the open +.1

2) once this occurs, enter in between open +.1 and +.2

3) stop should be set .15 - .2 from entry point

4) only trade longs until the gap has been filled. either way is fair game after that, but ONLY if the price crosses the BZ

5) only short when the price is below the open, only long when the price is above the open

6) exits - watch the price movement and grab what I can, though I am looking for .1+

Since the majority of my trades have been losses, I'm trying to figure out what I can do to limit myself more. Currently, I only trade until 11 AM. For a day or two I had been trading the BZ in both directions, regardless if the stock had filled the gap. That didn't work out too well. Is there a gap size that's too small to trade? Today I got whipped a ton, since the 2 cent gap was filled and one could trade either way.

I wrote a similar post on the Stock Fetcher forums, but it doesn't seem that many people post there. If any of you do use MTC on stocks, and have and tips, please let me know.

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bettlebox
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Postby bettlebox » Fri Mar 19, 2010 12:19 pm

Hi CWN1616

Think most of traders here are Forex traders. Speaking for myself i would never trade on stocks. I want to play were the big money is. I afraid what you find is its very much down to each person to find his own way. Thats motto. TRO (TheRumpledOne) stands head shoulders about anyone i seen on other forums in his effort to help people. But these days he is very busy which means long hours reading old threads.

I can tell you how im playing the BZ method, its working for me and money starting to roll in to my account instead of out :D.

NOT sure what MTC is?

PM me ill give you my skype ID , paltalk or yahoo messenger i can talk through how i use the BZ be much quicker than exchange of post. Out of work at moment so i am free sprit at moment.

BB
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cwn6161
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Postby cwn6161 » Fri Mar 19, 2010 1:20 pm

MTC = Milk the cows. Cows are stocks with a high daily range, a tendency to gap, as well as a tendency to fill that gap. MTC is used with the BZ system.

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adaseb
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Postby adaseb » Fri Mar 19, 2010 3:29 pm

edit...


i made a mistake. i though you were talking about the buyzone.

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Postby bettlebox » Fri Mar 19, 2010 3:35 pm

oh so did i. lol. stupid me.

adaseb wrote:edit...


i made a mistake. i though you were talking about the buyzone.

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Postby adaseb » Fri Mar 19, 2010 3:42 pm

heh yeah.

When I used to trade stocks I tried out the Buyzone method, not the MTC. I got confused which was which.

cwn6161
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Postby cwn6161 » Fri Mar 19, 2010 5:08 pm

adaseb, how were your results with the BZ mehod on stocks?

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Postby TheRumpledOne » Fri Mar 19, 2010 5:38 pm

Milk The Cows and Buy Zone ARE THE SAME!!

Cows are stocks that fit certain criteria.

They are traded using the Buy Zone.

Fade the Gap is a method that is used along with the Buy Zone.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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Postby tmanbone » Fri Mar 19, 2010 6:16 pm

You're waiting to late to fade the gap. Gap plays are buy/sell back to the open. Don't wait on price to get back before you take the trade. The gap is the target. Reread all the buy zone manuals and understand what they are teaching you. Google "fade the gap" and study there too.
"The simplicity of the markets is it's greatest disguise"

T

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adaseb
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Postby adaseb » Fri Mar 19, 2010 7:04 pm

cwn6161 wrote:adaseb, how were your results with the BZ mehod on stocks?


BZ would be good if you had a large account and cheap commissions because it might dip a few times.

I never had any luck with it because most of the time price would shoot up so fast that it never filled my order.

I can see it working for some 3x leveraged stocks such as FAS/FAZ. Try to get a good entry at the beginning of the day and just let your profits run. FAS/FAZ can move 5%+ a day. However it doesn't work well when it keeps dipping.

Looking at FAS today http://www.google.ca/finance?client=ob&q=NYSE:FAS

It opened at 95 and reached a high of 95.50, then it dipped and went all the way down to 91.50.

However if you look at the intraday 1M chart, it opened at 95, went to 94.81 and then back to 95, then back to 94.87, then back to 95, to 95.49, then back to 95, then 95.20, then 95 then 94.87, then back up to 95.07 and then finally it tanked to 91.50.

So as you can see this can be very difficult to master.

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