TheRumpledOne
6,529 posts
msg #64767
- Ignore TheRumpledOne
modified |
7/7/2008 11:35:05 AM
What column(s) are you asking about?
The numbers change if a new high/low is made otherwise static.
But you have to wait for the market to be open to get today's targets because the filter uses the current open to compute the targets.
I wrote a version for TradeStation so I have the numbers in real time.
|
chip
67 posts
msg #64770
- Ignore chip |
7/7/2008 4:49:33 PM
Since the StockFetcher data is delayed, and the number you want quickly is average drop from open.... rather than wait 20 minutes, I added column AvgDrop5. That way you can use whatever you use for real-time quotes and calculate the drop target manually. Additionally, if you want to do your numbers at eod, like I do sometimes, just change the whole thing to use yesterday's close (instead of today's open), something like:
set{YClLo, Close 1 day ago - low} /* was OPEN */
set{DropPCT, YClLo/Close 1 day ago } /* was OPEN */
set{AvgDrop5, cma(YClLo,5) }
set{DropTgt, Close 1 day ago - AvgDrop5 }
|
cunparis
71 posts
msg #64811
- Ignore cunparis |
7/9/2008 12:14:28 PM
I've been practicing the combo scan & wait for green on the simulator. One thing I've noticed is several big movers have gapped up/down and never looked back. Others have gapped up/down, filled the gap, and then returned in the original direction.
it's clear to me that waiting for green means waiting for a stock to go red 1-2% and then green, and we try to capture the ADR (minus the 1 or 2%). But what about gappers? I've seen them with 15-20% moves and it'd be nice to catch them.
Is a gap up going green? There is the risk of a gap fill so I'm really not sure how people trade these. OR do you just let them go?
|
13th_floor
724 posts
msg #64818
- Ignore 13th_floor |
7/9/2008 6:50:54 PM
Is a gap up going green?
Of course it is,any price higher than yesterdays close is GREEN!
|
rlac
7 posts
msg #64819
- Ignore rlac |
7/9/2008 7:19:01 PM
How can I change this to delete the low vol stocks? I like to keep them above 400,000. Thanks
|
cunparis
71 posts
msg #64828
- Ignore cunparis |
7/10/2008 1:58:08 AM
"Is a gap up going green?
Of course it is,any price higher than yesterdays close is GREEN!"
Thanks for the confirmation 13th. In that case, what do you use as a stop? Would you let the gap fill and set the stop under the previous close?
Same question goes for when a stock goes green very quickly and is up 3% before one can enter. I've been skipping those thinking they're too far extended.
|
TheRumpledOne
6,529 posts
msg #64830
- Ignore TheRumpledOne |
7/10/2008 2:20:55 AM
"Same question goes for when a stock goes green very quickly and is up 3% before one can enter. I've been skipping those thinking they're too far extended. "
That's where STATISTICS come into play.
|
cunparis
71 posts
msg #64849
- Ignore cunparis |
7/10/2008 12:19:49 PM
TRO, can you explain what you mean by using statistics?
An example is GETG. It gapped up and never looked back.
I'd love to go long on this, since it opened green, but it seems 1/2 the time stocks fill the gap.
|
chetron
2,817 posts
msg #64861
- Ignore chetron |
7/10/2008 6:12:00 PM
just a thought...
normally, this filter shows you the good gap filler, but as you can see, it can be used to find the bad ones. i put in the good ones so you can compare the data.
to use in the future, just replace the ticker names in the parathesis' and gooooooooooooo.
p.s. i know i am no TRO. lol.
|
TheRumpledOne
6,529 posts
msg #64880
- Ignore TheRumpledOne |
7/11/2008 8:51:15 AM
cunparis
- Ignore cunparis 7/10/2008 12:19:49 PM
TRO, can you explain what you mean by using statistics?
An example is GETG. It gapped up and never looked back.
I'd love to go long on this, since it opened green, but it seems 1/2 the time stocks fill the gap.
=======================================================
Some people trade using fundamentals.
Others use techinical indicators.
I use STATISTICS.
I look at the statistical price performance of a stock.
AAPL usually fills the gap and if AAPL moves $.10 in either direction of the open price, it usually moves at least $.50 in that same direction.
To trade AAPL, I look to see which way AAPL gapped and look to fade the gap( gap up look to short, gap down look to buy). I ONLY enter trades at OPEN +/- .10. Usually, get 2 or more trades a day. That's all that is needed.
Don't need to trade any other stock using this method. AAPL gives plenty of "juice".
|