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"Pinch Club" hosted by Rock Sexton

post #1 of 10571
9/4/09 at 2:43am
Thread Starter 
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The first rule of Pinch Club is - YOU DO NOT TALK ABOUT PINCH CLUB!
The second rule of Pinch Club is - YOU DO NOT TALK ABOUT PINCH CLUB!
If the pinch goes limp, sells off, or dilutes - THE PINCH IS OVER!
As many traders to a pinch as possible!
Discuss pinchers all the time!
No Pumpers! No Bashers!
Pinchers will go on as long as they have to!
If this is your first day at Pinch Club, you have to spot a pincher!
 

Welcome to the thread! The pinch play is a fantastic way to spot "smart money" and bouncers.  It is primarily based on the convergence of the PPO and ADX indicators ...... but ohhhhhh if only it were so simple! wink.gif  Pinchers work in both bear and bull markets, but due to they nature of the play, they are obviously going to work better and run harder when market sentiment is good.  No pinch play is created equal, just like no chart is.  You can find them on all different time intervals or markets.  The biggest attraction is the kinds of moves these setups make, which are traditionally larger than the average trade.

 

Good luck and let's pinch away!

 

 


Edited by Rock Sexton - 2/5/13 at 3:18pm
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post #2 of 10571
9/4/09 at 2:45am
Thread Starter 
This is from a poster over on IHub .....

Quote:
Pincher Trading Guidelines

1. Study the PPO/ADX pincher charts

2. Find the major MA's 10, 20, 50, 100, 200 (32MA and 64MA)if 20MA to 100MA have a big spread!

3. Find the RSI's, always look for a 30/30 cross on these. It's a buy signal for the PPO/ADX pincher. To confirm this buy signal, look on a 15minute chart with a 200MA...it must cross the 200MA. So the 30/30 rsi's cross in conjunction with a 15min 200MA cross is the pincher buy, with volume!

Note: on subs, (below a penny)...wait for a Psar or 20MA break and hold as a buy signal. If they break back down the Psar, sell. Note: if the RSI 14 breaks the 50MA, the PPS will more than likely go higher!

4. Find the Psar…is it below or above the 20MA? If the Psar is below the 20MA ...buy as it crosses the Psar. If it does not break and hold the 20MA...sell. If they back off the Psar...sell.

5. If it holds the 20MA...well, now it’s a turn chart. The 50MA will be up next…sell if it backs off the 50MA.(32MA could be placed between 20MA and 50MA if spread to big)sell if it backs off 32ma!

6. If it holds the 50MA ...we are now in uptrender territory. Up next is the 100MA …if it backs off the 100MA...sell.(64MA could be placed between 50MA and 100MA if spread is to big)sell if it backs off 64ma!

7. If it holds the 100MA …up next is the 200MA…sell if it backs off the 200MA.

8. If it holds the 200MA, dont let it fall below the 20MA...take some profit.

9. Never buy back until it again breaks and holds the 20MA.

10. An RSI 14 break of 70 to 90 is a sell.

11. 15min chart rule: 'an RSI 5/2 cross of 50-70, as the MACD histo crosses 0 with better then normal volume, is a great buy signal'…especially for bottom busters...it works best when the MACD and PPO are turning up off the bottom of the daily.
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post #3 of 10571
9/4/09 at 2:46am
Thread Starter 
...........more from that same poster.........

Quote:
Various Buy Signals for a Daily Pincher Chart

· Watch for RSI (5) and (2) to cross above 30

· Watch for RSI 14 turning up from under 30 (oversold) position

· Watch for MACD and PPO to turn up from bottom

· If the PSAR is below the MA20, a buy signal is created when the pps moves above the PSAR

· If the PSAR is above the MA20, a buy signal is created when the pps moves above the MA20

· Watch for positive divergence on the MACD and/or it crossing above the 0 line
Quote:
Various Sell Signals for a 15 Minute Chart

· A fall back below the 200MA is a sell signal

· PPO to fall below 0 line

· PPO (12) to fall back below PPO (26)

· ADX +DI to cross back below –DI

· MACD Histogram to fall back below 0 line
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post #4 of 10571
9/4/09 at 2:47am
Thread Starter 
Here is a screencast video lesson covering what to look for on pinch plays:

http://www.screencast.com/users/MrBi...8-6c617fcaf06b
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post #5 of 10571
9/4/09 at 2:52am
Quote:
Originally Posted by Rock Sexton View Post
Pinching Off Profit with Rock Sexton
"Pinch" and "sex" in the same sentence? I like where this is going...
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post #6 of 10571
9/4/09 at 2:57am
Thread Starter 
Quote:
Originally Posted by mmm...Jaz View Post
"Pinch" and "sex" in the same sentence? I like where this is going...
Allllllllllllllllllright.................

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post #7 of 10571
9/4/09 at 3:05am
Quote:
Originally Posted by Rock Sexton View Post
Allllllllllllllllllright.................
omg not another MMMMJAZZZZ
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post #8 of 10571
9/4/09 at 3:06am
Can somone remind me what exactly is a pinch play?
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post #9 of 10571
9/4/09 at 3:07am
Pinch plays! I'll have to keep an eye on this thread. Meanwhile, I'll do some studying!
Very cool!
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post #10 of 10571
9/4/09 at 3:08am
Quote:
Originally Posted by junzhangyankees View Post
Can somone remind me what exactly is a pinch play?
Well...it's when you gotta go really bad. Then, while you're going your girlfriend comes home from work and you wanna get some so you have to cut it short, so you "pinch" the rest off and go another time...
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post #11 of 10571
9/4/09 at 3:11am
Quote:
Originally Posted by mmm...Jaz View Post
Well...it's when you gotta go really bad. Then, while you're going your girlfriend comes home from work and you wanna get some so you have to cut it short, so you "pinch" the rest off and go another time...
HAHA
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post #12 of 10571
9/4/09 at 3:12am
Quote:
Originally Posted by mmm...Jaz View Post
Well...it's when you gotta go really bad. Then, while you're going your girlfriend comes home from work and you wanna get some so you have to cut it short, so you "pinch" the rest off and go another time...
A very interesting and scary mind you have Jazzz.
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post #13 of 10571
9/4/09 at 3:14am
Quote:
Originally Posted by junzhangyankees View Post
Can somone remind me what exactly is a pinch play?
Actually, I copied this from Rock's very first post on this thread where he explains it!

"I once saw this described as the profitability of when a stock has become oversold. That level between oversold and neutral is full of rock solid gains."
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post #14 of 10571
9/4/09 at 3:16am
Quote:
Originally Posted by Curt D View Post
Actually, I copied this from Rock's very first post on this thread where he explains it!

"I once saw this described as the profitability of when a stock has become oversold. That level between oversold and neutral is full of rock solid gains."
So YASH and VION ....would they be considered pinch plays>?
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post #15 of 10571
9/4/09 at 3:16am
Thread Starter 
Quote:
Originally Posted by timmyb199 View Post
omg not another MMMMJAZZZZ
Haha ......
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post #16 of 10571
9/4/09 at 3:17am
Thread Starter 
Quote:
Originally Posted by Curt D View Post
Pinch plays! I'll have to keep an eye on this thread. Meanwhile, I'll do some studying!
Very cool!
Cool. Glad to have you abord Curt!
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post #17 of 10571
9/4/09 at 3:18am
Thread Starter 
Quote:
Originally Posted by junzhangyankees View Post
So YASH and VION ....would they be considered pinch plays>?
Funny you bring YASH up..........this one's on my watch list. Lots of volume coming in and the typical chart make up of a pinch is in full effect. It could happen at any time.

Good observation!
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post #18 of 10571
9/4/09 at 3:21am
Thread Starter 
I want to note that people shouldn't get greedy. As much as we'd all love to see 200% or larger gains ..........these are just as good for chunks of 30%, 40%, 50% ......... take note to the different major resistance indicators:

1. Parabolic SAR
2. Bollinger Band
3. EMA

BTW, I still to this day cannot get a d*mn chart to show correctly on here. Jaz, I know you just sent me a PM about it, but it's still not working.
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post #19 of 10571
9/4/09 at 3:29am
Thread Starter 
Here's a preliminary list to watch:

VIPR
ESYM
SYNJ
UBET
GTLA

I have a whole 'ish load to look over from my charting earlier today, as well as carryovers that were in play today.
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post #20 of 10571
9/4/09 at 3:56am
Thread Starter 
More...........

TXMC
YASH
EOPI
MPTO (ran a bit today so caution)
EPGL
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