bkhurana43
103 posts
msg #99106
- Ignore bkhurana43 |
2/14/2011 11:59:26 AM
Damoore
Did you get to pick any today for your options trades? I reviewed few but was not very sure and further I did not get time to trade today. I am using TOS as my platform for trade. What do you have for online trades?
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damoore
9 posts
msg #99112
- Ignore damoore |
2/14/2011 7:35:25 PM
Yes I entered 4 new trades today using the Riggs Bottom filter. I use TOS platform. Closed the BAX today for 40%. Still holding BBD @ 20% so far.
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bkhurana43
103 posts
msg #99115
- Ignore bkhurana43
modified |
2/15/2011 3:54:13 AM
Damoore
Would you mind naming your picks of yesterday so that I can evaluate the accuracy of my selection process. Give me your opinion on the filter that I composed
http://forums.stockfetcher.com/sfforums/?q=view&fid=1002&tid=98790&qrid=
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duke56468
683 posts
msg #99126
- Ignore duke56468 |
2/15/2011 8:38:23 AM
damoore...... which version of the filter are you using? Are you using the 3 day offset?
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bkhurana43
103 posts
msg #99127
- Ignore bkhurana43
modified |
2/15/2011 9:08:42 AM
duke56468 -
Please refer to page 10 of this thread that has Damoore's answer (Post 2/14/2011 11:35:20 AM) for your question.
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duke56468
683 posts
msg #99143
- Ignore duke56468 |
2/15/2011 9:28:12 PM
bkhurana43...........Thanks
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damoore
9 posts
msg #99144
- Ignore damoore |
2/15/2011 10:29:51 PM
The 4 picks I traded options on Monday were:
DLTR March 50 calls opened at 2.02 on Monday. Closed today at 2.70. 34% Gain.
ACM March 30 calls opened at avg $0.585 on Monday and added more Tuesday.
FRO March 28 calls opened at $0.79. I saw resistance at $27.25 but was hoping it would muscle through it today. It pulled back to support..
MWW June 17 calls at @ 2.30.
Today I opened:
DANG March 25/27 Bull Put credit spread at $1.00. Calls too expensive. Today DANG broke out of long downtrend.
PPL April 25 cals at $0.48
added to the ACM position as stated above.
DLTR is going to open much higher tomorrow because of FDO buyout. Just my luck.
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bkhurana43
103 posts
msg #99158
- Ignore bkhurana43 |
2/16/2011 8:34:26 AM
Hi Damoore
Thx for your info. unfortunately I could not get all your mentioned picks by the date specified unless you have used different version of THE ABSOLUTE BOTTOM FILTER. I just set the offset value to zero and then used day by day offset to find the matching list. I didn't even change any parameter values. Picks like DANG...FRO...MWW... did not make the list even going back to Feb 10. I am sorry if I am asking to much.
By the way what is the criteria you are using to select your pick from the list for trading?
Regards,
Bob
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mathgeek
11 posts
msg #99161
- Ignore mathgeek |
2/16/2011 12:44:21 PM
Hi guys,
I was wondering if you would be able to explain how you narrow down the amount of stocks that you look at. the filter gives quite a lot of stocks, and I was just wondering which indicator I should be looking at.
Thanks,
Thomas
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bkhurana43
103 posts
msg #99162
- Ignore bkhurana43 |
2/16/2011 1:33:57 PM
Hi Thomas,
I am using this filter to select picks for options trading . Is that going to be the case with you? Currently I am using it for LONG entries.
I was recommended by Demoore to use filter that was modified on 7/31/2008 7:09:56 PM by Cheltron appears at the end of first page of this thread.
the debugged version.....
I made changes to it for my own use:
- Made avg Volume (30) > 500000
- ATR(30) > 1
- stocks that are optionable
- close above 5
- changed offset to 0 value
Criteria:
- I look for 2 days slope in weekly William %R(2) > 0 and then 2 day slope in weekly RSI(2) = < 0. This is a visual
check. you can program it if you like.
- Other indicator value I pay attention to is "adval" close to 100
- Prior to Trade Entry I also check directional plots suggesting uptrend such as MACD etc.
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