TAZ SCAN

   peter1 could you generate Bullscript from the scan on the advance tab and post it.? 
Thanks for tip to find out about TAZ. 

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brentjedi Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 13 Dec 2007 Posts: 34	Post Options Post Reply Quote brentjedi Report Post Quote Reply Topic: TAZ SCAN Posted: 16 Feb 2009 at 12:11am
	peter1 could you generate Bullscript from the scan on the advance tab and post it.? Thanks for tip to find out about TAZ.
	Trading is art of self

peter1 Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 27 Aug 2008 Location: Sydney Posts: 56	Post Options Post Reply Quote peter1 Report Post Quote Reply Posted: 14 Dec 2008 at 3:11pm
	Info about the first retracement (pullback) is in Craig's TAZ website, under "The Strategy, trading pullbacks menu. Trading these first pullbacks within the TAZ setups are good low risk opportunities that a competent trader can turn into a positive expectancy trading plan. Start by trading these in the same direction as the index.

DAVHOW Members Profile Send Private Message Find Members Posts Add to Buddy List Newbie Joined: 04 Dec 2008 Location: Tasmania Posts: 4	Post Options Post Reply Quote DAVHOW Report Post Quote Reply Posted: 13 Dec 2008 at 11:11am
	Hi peter1; Thanks for clarifying those points for me and also for sharing your thoughts and knowledge , it makes sense that stocks in a sector are going to change direction before its shown on the index chart. i was wandering if you could recommend any books or web sights in regard to "first retracement"setups?
	DavHow

peter1 Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 27 Aug 2008 Location: Sydney Posts: 56	Post Options Post Reply Quote peter1 Report Post Quote Reply Posted: 09 Dec 2008 at 1:21pm
	Dave: Read about the "first retracement" setup and then look for them in your charts and then in your scan results. If you like this setup then focus on them and become very good at trading them.

peter1 Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 27 Aug 2008 Location: Sydney Posts: 56	Post Options Post Reply Quote peter1 Report Post Quote Reply Posted: 09 Dec 2008 at 12:48pm
	First you have to create all your scans, then highlight all the scans that you want to be run and select RUN, this will bring up the multiscan function. IMO = In my opinion, IMHO = In my humble opinion. Indicators on an index may provide some info about the index. Individual stocks however do their own thing and sometimes a sector moves opposite to the index for a short time. If you are looking for TAZ stock setups then I prefer to screen using the stock's indicator, not the index's. However it is very prudent to select the setups that may move in the same direction as the index.

DAVHOW Members Profile Send Private Message Find Members Posts Add to Buddy List Newbie Joined: 04 Dec 2008 Location: Tasmania Posts: 4	Post Options Post Reply Quote DAVHOW Report Post Quote Reply Posted: 09 Dec 2008 at 10:02am
	Hi Peter1 Thanks for the prompt reply , Multi scan looks like a great feature but doesn't come up when i press the shift or ctrl key. any suggestions that might fix the problem Not sure what you mean,When you say that indicators on indicies,IMO?( not sure what this stands for) are a waste of time if you are trading individual stocks? just wandering if you can expand on this as i'm interested in your reasons why.
	DavHow

peter1 Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 27 Aug 2008 Location: Sydney Posts: 56	Post Options Post Reply Quote peter1 Report Post Quote Reply Posted: 05 Dec 2008 at 7:31pm
	Thanks Dave. Multiscan is one of the many features that are hidden in BullCharts. Type multiscan in the BullScan help search function for more info. ----------------- Indicators on indicies, IMO, are a waste of time if you are trading individual stocks. I use the W%R as a screening tool so that I don't have to look at every two bar correction inside the TAZ. Edited by peter1 - 05 Dec 2008 at 7:32pm

DAVHOW Members Profile Send Private Message Find Members Posts Add to Buddy List Newbie Joined: 04 Dec 2008 Location: Tasmania Posts: 4	Post Options Post Reply Quote DAVHOW Report Post Quote Reply Posted: 05 Dec 2008 at 7:05pm
	Hi Peter1 Thanks for your prompt and helpfull reply,i managed to recreate the scan using Bullscan manager,it's alot easier.Thanks again. You mentioned using the multiscan function? What is this and where can i find it? Also the TAZ sight i visit only use the Williams%(3) to assess the over brought/over sold regions of the main indices such as the ASX 200 to help judge if theres a possibility of a trend change, not as a confirmation tool for entry.just wandering what your thought are? Thanks again cheers dave
	DavHow

peter1 Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 27 Aug 2008 Location: Sydney Posts: 56	Post Options Post Reply Quote peter1 Report Post Quote Reply Posted: 05 Dec 2008 at 12:21am
	I also have a TAZ chart template. I use the template when scrolling through my cfd watchlist looking for short term trades. This template includes the 10,30 ema with the buy/sell markers. I use the Williams%R(5) indicator as my early warning signal. This indicator does a good job highlighting the necessary retracements.

peter1 Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 27 Aug 2008 Location: Sydney Posts: 56	Post Options Post Reply Quote peter1 Report Post Quote Reply Posted: 04 Dec 2008 at 11:56pm
	Relax. You don't have to know anything about Bullscript to configure a Bullscan. Go to BullScan Manager and create a new scan by selecting the "filter" icon. Create your criteria one by one using the "New" criteria button. You can easily edit these as you become familiar with the results of your scan. You may have to modify the volume and price parameters for the ASX market. I have included an image of your criteria as you have posted. I have not included the weekly criteria as you cannot scan using different timeframes in the one scan. (You can use the multiscan function for this.) Note: There is another TAZ scan using the Williams%R (3) indicator. I think this is a better scan as the W%R indicator provides an early warning. (Check original website.)