Kevin_in_GA
4,599 posts
msg #103884
- Ignore Kevin_in_GA |
12/20/2011 10:52:35 AM
Intraday signals:
RRC - SELL at 62.10 (in at 60.82, a gain of 2.1%)
GIS - BUY at 38.60
MAT - in at the open @ 27.59
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Kevin_in_GA
4,599 posts
msg #103915
- Ignore Kevin_in_GA |
12/21/2011 10:41:42 AM
Intraday SELL signal for GIS at 39.67. Was in yesterday at 38.60, so closing this out for a gain of 2.7%.
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coolsf
21 posts
msg #103918
- Ignore coolsf |
12/21/2011 2:32:36 PM
Is anyone taking IBM buy today?
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Kevin_in_GA
4,599 posts
msg #103922
- Ignore Kevin_in_GA |
12/21/2011 3:59:42 PM
Did not see this one until you pointed it out (I had not run the filter intraday). Signal is gone now, but I did see it for IBM around 1:30 PM. At that time IBM was trading at 179.85.
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coolsf
21 posts
msg #103931
- Ignore coolsf |
12/22/2011 2:36:23 AM
Thanks, Kevin. It is your filter using which I entered IBM. Thanks so much. My stop is trailing 2.5%.
But, I am wondering that you say the signal is not there. The zscore is still -2.85 as I see it. Why shouldn't someone enter now? Because the rule of this thread says to enter when it is below -2, no? The following filter is giving me the score as -2.85 which is still good enough for the entry, I am guessing based on the rules.
symlist(IBM)
SET{PRICERATIO, CLOSE / IND(SPY,CLOSE)}
SET{RATIOMA16, CMA(PRICERATIO,16)}
SET{RATIOSTD16, CSTDDEV(PRICERATIO,16)}
SET{DIFF16, PRICERATIO - RATIOMA16}
SET{ZSCORE16, DIFF16 / RATIOSTD16}
SET{THRESHOLD16, RATIOSTD16 * 2}
add column zscore16
sort on column 5 descending
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Kevin_in_GA
4,599 posts
msg #103934
- Ignore Kevin_in_GA |
12/22/2011 7:50:13 AM
Three other criteria must be met -
1. Williams %R below -94
2. Close below lower BB(16,2)
3. Close above ma(200)
Only if all four criteria are met is the stock selected for a BUY.
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coolsf
21 posts
msg #103936
- Ignore coolsf |
12/22/2011 9:14:47 AM
Thanks, Kevin. Understood. But, at the time I entered, it did show up on the filter intraday. I will take profits today.
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duke56468
683 posts
msg #103937
- Ignore duke56468 |
12/22/2011 9:44:26 AM
coolsf
10 posts
msg #103931
- Ignore coolsf 12/22/2011 2:36:23 AM
Thanks, Kevin. It is your filter using which I entered IBM. Thanks so much. My stop is trailing 2.5%.
+++++++++++++++++++++++++++++++++++++++++++++++++++++++
Has the 2.5% trailing stop been working for you? I did back test with a 10% stop loss that did not seem to hurt the outcome, but I think the filter was designed to not use a stop loss, just the exit filter.
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coolsf
21 posts
msg #103943
- Ignore coolsf |
12/22/2011 10:40:16 AM
duke 56,
"Has the 2.5% trailing stop been working for you? I did back test with a 10% stop loss that did not seem to hurt the outcome, but I think the filter was designed to not use a stop loss, just the exit filter."
I took the profits and closed the trade irrespective of the zscore. I know when we follow a system, we must follow the rules. But, rule # 1 in my book is to ring the register when I see profits. Taking profits never hurt. This is not a trending market, hence I think that justifies my rule. If this was a trending bull market, I would follow the rules and still be safe.
Either way, I know I won't do much good for the system itself if my exits are random. Atleast I am following the entries correctly.
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Kevin_in_GA
4,599 posts
msg #103946
- Ignore Kevin_in_GA |
12/22/2011 12:03:28 PM
No one ever lost money taking a profit.
Glad this trade worked out for you - one way to play this is to use the Zscore16 > -1 exit unless you opt to take a profit sooner. Also, the average profit per trade on this system is about 1% in 5 days, so if you have a 2-3% profit within that time or sooner, no reason not to exit then.
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