chessnut1
58 posts
msg #26879
- Ignore chessnut1 |
6/14/2003 2:47:26 AM
I would like to join too - rjones6@san.rr.com
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chessnut1
58 posts
msg #26880
- Ignore chessnut1 |
6/14/2003 3:19:06 AM
By the way, Muddy, I want you to know that I just joined SF because of the thread that resulted from your formula offer. Very good of you to do put it out there. This type of collaboration is what the internet was designed for. I, like others, will contribute my expertise and experience, and I suspect this group will benefit in ways we can't now even anticipate. Thanks again. Oh yes, since I'm needing to get familiar with SF, the BB search, as well as the new Yahoo group, can someone answer a quick question for me: where do I find the membership profile to make the "Special Notices" modification? So far I can't find it anywhere. And what about accessing and participating in the Yahoo group. What do I and others need to know to get on board? -BJ
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sooquiet
3 posts
msg #26881
- Ignore sooquiet |
6/14/2003 9:29:51 AM
BJ....Go to the following link which will take you to the board.....http://groups.yahoo.com/group/stockfetcher......once there look towards the top which should give you a "join this group" link or something worded similiar. This will take you to a page where you should be able to both join the group and set your mail preferences. If you can't set them there for some reason, then go to the "edit my membership" link on the forum page once you get there. I need to say that this is all I have to do, but I already was registered with YAHOO for other groups. There may be other hoops YAHOO will make you jump through if you aren't already registered.
Steve
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chessnut1
58 posts
msg #26883
- Ignore chessnut1 |
6/14/2003 9:25:29 PM
Thanks Steve. Worked great. All's up and running for me. --BJ
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acervapsych
39 posts
msg #26887
- Ignore acervapsych |
6/15/2003 11:26:02 PM
How can I filter for stocks which are trading in a channel without specifying a time range (e.g. 45, 60, 90 days)?
I would like to find stocks which have been trading in a channel for at least 30 days and which are currently at the bottom of the channel.
I anticipate this should produce a large number of hits since it should include all the hits from the 45, 60, and 90 day channel filters and many others.
I would then like to chain this to stocks which have touched the lower bollinger band in the last trading session. This should give the benefits of the Lower Bollinger Filter with the added benefit that the lower Bollinger happens to be at an established support area??
Any thoughts appreciated!
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rrochon
117 posts
msg #26896
- Ignore rrochon |
6/16/2003 3:16:08 PM
Shelshel,
Are you still using the modification to Muddy's original screen, where you place your order to buy the lowest price candidate at the open, and limit the price to between 5 and 10?
If so, what have your recent results been, and do you use the rest of Muddy's formula as it is?
I also would like to be able to buy automatically and not have to keep a constant watch on the candidates and try to determine which would be the best play if two or more go green at the same time.
A purely mechanical method that works would be nice, even if it did not produce quite the results that fine tuning would.
Regards,
Dick (rrochon13@attbi.com)
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shelshel
11 posts
msg #26902
- Ignore shelshel |
6/16/2003 11:23:16 PM
Rrochon,
Actually I have modified how I pick my stocks. I've done additional research and came up with a method that is still mechnical based on the bollinger bands but gives better percentage gains while still providing an excellent win/loss ratio. Instead of 3 down days I opted for 4 and I also lowered my price to between 1 and 10.
SHOW STOCKS WHERE CLOSE HAS BEEN DECREASING OVER THE LAST 4 DAYS
AVERAGE VOLUME(90)IS ABOVE 100000
CLOSE PRICE IS BETWEEN 1 AND 10
PRICE TOUCHED LOWER BOLLINGER BAND(20)
Each evening I get a list of stocks, (usually not more than 6 and sometime only a couple), and I rank them. I'll give a 1 to the highest volume stock, then 2 to the second and so on. Next I give a 1 to the stock with the lowest Money Flow Index (15) score and 2 to the next higher until all the stock are ranked. Add up the totals and the stock with the lowest score is purchased the night before using a market order. I place my order the night before because I'm at work and can't watch the market. If 2 stocks have the same total score I'll select the stock with the lowest MFI score being this should be the most oversold stock. So far I've purchased 20 stocks with 18 winners and 2 losers thus far. I've sold 2 stock with one having a gain of 33% and the other 27% and I'm sitting on 5 stocks that are over 30% with 2 over 50%. I will put in stop orders when the RSI is 70 or above, MFI over 80 and the slow stochastic is over 80. If I see the DMI lines start to go the other way or cross I'll also put in a stop order or sell. This way I can preserve my gains. I will also limit my losses to 15%. If a stop order was placed and the stock price goes up the next day I'll increase my stop.
If you go back over the past week, month or even farther you can see how this filter has performed.
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todddunning
31 posts
msg #26909
- Ignore todddunning |
6/17/2003 3:11:06 AM
Shelshel please join us at http://groups.yahoo.com/group/StockFetcher/
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shelshel
11 posts
msg #26911
- Ignore shelshel |
6/17/2003 6:23:28 AM
I've already joined just a few days ago.
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wallman
299 posts
msg #26912
- Ignore wallman |
6/17/2003 6:43:37 AM
SHELSHEL,congrats on your results so far,this is exactlly why i'm glad the group was started,to see what creative ideas we can get out of this method,even if one never places a trade with our methods,it could open ones eyes to things so obvious but overlooked,even after many years of trading....much thanks for sharing,MUDDY
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