tag:blogger.com,1999:blog-2751055167344154540.post7759058368188990676..comments2024-02-04T21:31:48.637-08:00Comments on Frank Zorrilla: Churn and BurnAnonymoushttp://www.blogger.com/profile/16057627367125322826noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2751055167344154540.post-70691332576785563102016-05-12T08:08:13.070-07:002016-05-12T08:08:13.070-07:00I have a lot higher success rate with long setups ...I have a lot higher success rate with long setups above 10EMA. Notice that those setups take into account the current mkt evironment because they also require the industry and the general market indexes to be above 10EMA.<br /><br />I totally agree with the concept that different setups work in a different market environment. In fact, my next book is about that. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2751055167344154540.post-4582466274589535662016-05-12T07:23:35.294-07:002016-05-12T07:23:35.294-07:00a few cents to me yes, especially in a certain typ...a few cents to me yes, especially in a certain type of set up, that i won't get into.<br />I normally don't buy within the 1st 15 minutes unless i'm really convinced about the set up, and when i do is normally the big liquid names like lnkd.. which is exactly what i did on 5/10 http://screencast.com/t/9uXPgMmpTxs<br />I have written about the first 15 minutes before, today i just did not put it.<br /><br />when you only take stocks above their 10day ma, strong industry, and every other rule you can imagine, your win ratio is still? you still get fake outs on stocks in strong industry, you still get fake outs when the market is above the 10day...I think the type of set up you are trading in the current market environment is a little more important, and that does not get talked about enough...many want to trade the same set up, they read in a book that used to work 25 years ago, and they want to do it in every market.Anonymoushttps://www.blogger.com/profile/16057627367125322826noreply@blogger.comtag:blogger.com,1999:blog-2751055167344154540.post-36895243606915707492016-05-12T06:48:32.896-07:002016-05-12T06:48:32.896-07:00Good points, Frank. You have an interesting market...Good points, Frank. You have an interesting market approach.<br /><br />A few remarks:<br /><br />1. You have a list of stocks that are in a range conraction stage and you anticipate a range expansion. Is a few cents above yesterday's close really considered a range expansion? I tend to take long anticipation setups only when the setup, the industry and the market are above their 10-day EMAs.<br />2. What about all the fake moves near market open. For example, I have a rule not to take a signal in the first 15min if we are in a choppy or bear market, because of the many fakeouts. Strong bull markets forgive all sins and anything is allowed there.Anonymousnoreply@blogger.com