| StockFetcher Forums · Filter Exchange · Alpha Filter based on Ron Groenke Visions V | << 1 ... 3 4 5 6 7 ... 9 >>Post Follow-up |
| snappyfrog 731 posts msg #146622 - Ignore snappyfrog |
2/19/2019 8:51:55 AM Well, I see the 3 day up only applies when it is not inside the V or has had 20 days inside the V. The 3 days up is when the above 2 conditions are not met and it is within 5%+/- of the MA(50). Please correct me if I am wrong. |
| Cheese 1,374 posts msg #146624 - Ignore Cheese |
2/19/2019 10:10:34 AM snappyfrog 2/19/2019 8:35:31 AM Using this system, I added 3 day slope of the close > 0 tai crossed 10 from above Both of these are I think important to success. the 3 day up only applies when it is not inside the V or has had 20 days inside the V. The 3 days up is when the above 2 conditions are not met and it is within 5%+/- of the MA(50). ============================================================================== Thank you, snappyfrog ! |
| nibor100 1,048 posts msg #146625 - Ignore nibor100 |
2/19/2019 1:03:38 PM @snappyfrog, a. I'm about 2/3 the way thru reading Ron Groenke's 4th book on this subject "Show Me the Money" and I just did a search of the book and "up the last 3 days" is only mentioned once in the entire book, where he is explaining how the Visions V is constructed and what the $ signs are on his Vision V stock charts. The $ signs represent the Gold score which indicates each specific day that was/is good for starting a trade. Individuals using his Visions V sw select the minimum Gold level that is acceptable to them with 100 being the topmost and the ideal value. To get a 100 a stock must hve the most recent 3 days up,(worth 10 points per day up), 20 days inside his Visions V, (worth 2 points per day inside the V), and either the stock is in the V today or within 5% of the 50 day moving avg today (worth 30 points, 0 points if neither condition for today is met). b. You may have noted in the PDF that was provided to us all earlier in this topic thread that on page 2 it stated: "Applying the Groenke Visions V Theory and following the Take Action Indicator has demonstrated success over 80 % of the time." which I mistakenly assumed meant that 80% of the stocks chosen using his methodology would go on a major up cycle. Searching his book for 80% found one passage near the beginning of the book relating to the viability of his system: "The VISIONS Stock Market Explorer Scout application searches the entire stock market and provides the Top Ten stocks to invest in at the moment . It uses all the fundamentals as discussed in my books and applies technical chart analysis in its stock selection process . Scout has provided investment opportunities that were successful over 80 percent of the time . No one can bat 1000" The key phrase is "provided investment opportunities" which turn out to be selling various types of Covered Calls and the selling of Puts. The book has a few examples where these type of 'investment opportunities' end up being profitable even when the stock goes down after the Vision V indicated trading point. So my takeaway is that his approach to using the Vision V to sell naked Puts and Covered calls may have a historical success rate of 80%; but, the stocks selected by the V don't have a historical 80% higher prices success rate. Ed S. |
| chi-town 44 posts msg #146626 - Ignore chi-town |
2/19/2019 1:46:01 PM Thank you,Ed |
| Cheese 1,374 posts msg #146630 - Ignore Cheese modified |
2/19/2019 3:49:28 PM Thank you, Ed S and snappyfrog for the additional info. So, based on what you know so far, what might be your assessments of Groenke system? Personally, I was interested because I thought it may provide some safeguards to alert users about head fakes since this is about buying near 52-week lows. But my gut feeling now is that it seems more complicated than necessary, and sometimes convoluted for people like me who are new to Groenke. For example, at its core, the Groenke system is similar to the stretched rubber band concept from Lerogee StockHolyGrail. On top of that the trade executions seem to rely on some moving averages and overbought oversold oscillators. I think I may be able to achieve similar safeguards with the commonly known technical analysis and risk management guidelines. Thank you in advance for any more thoughts you may have. |
| snappyfrog 731 posts msg #146633 - Ignore snappyfrog |
2/19/2019 7:58:50 PM Thank you Ed S for the insightful information. |
| snappyfrog 731 posts msg #146637 - Ignore snappyfrog |
2/19/2019 10:48:39 PM Cheese, I am going to keep watching this and tweaking a little to more fit my style if necessary. |
| Cheese 1,374 posts msg #146639 - Ignore Cheese |
2/19/2019 11:20:50 PM Thank you, snappyfrog |
| SAFeTRADE 646 posts msg #146646 - Ignore SAFeTRADE modified |
2/20/2019 12:48:18 PM Groenke Visions V is difficult on many levels. 1 Learning to buy when others are selling or the selling has stopped. 2 learning to trade without the standard technical tools ie; oscillators, indicators etc. 3 Buying near the bottom in stead of at the top, Visions V excludes momentum stocks etc. 4 Learning a new system that seems counter intuitive and may well be speaking for myself. 5 I have downloaded the 21 day trial of the Visions V software. The software is feature rich almost to the extent that there is too much there and too much to comprehend. Tommy Brown has been very quick to offer assistance. I fear the software is more than what I can manage. Too much to manage, maybe if I was a younger man, maybe. I have the book Cash for Life where the strategy is all laid out and easy to follow and code. However in talking to Tommy I discovered there is an optimization of the system used in that book which I was not aware of. I have since purchased the book and am awaiting it's arrival. Visions V uses options which I do not know and that further complicates the learning. I will continue to study Visions V as I am in no hurry. Tommy stated part of the optimization is the using of 20 week as well as the 52 week high and low. Visions V may well use other time periods in the optimization process. I will not know until the book arrives. I believe my coding of Visions V in Stockfetcher simplifies the system for me. However Stockfetcher is limited when trying to find fundamentally sounds stocks to create a watch list with. Also at some point Stockfetcher will complain that I need the more expensive version which I do not think would help. I am surprised I have been able to code as much as I have with the limited version. At some point I will reach the limit of possible coding here. I fear I am very close to that now. However based on what Tommy has revealed to me I have updated the filter to accommodate the 20 week numbers. I am also limited in the amount of columns I can plot, I have reached that point now. My effort may require a second filter but I do not know if that is possible or how that could be accomplished if it was possible. My coding knowledge is limited. In any event here is my updated version of Groenke Visions V Filter. |
| Cheese 1,374 posts msg #146649 - Ignore Cheese |
2/20/2019 3:13:22 PM Thank you, SAFeTRADE. Very much appreciated. |
| StockFetcher Forums · Filter Exchange · Alpha Filter based on Ron Groenke Visions V | << 1 ... 3 4 5 6 7 ... 9 >>Post Follow-up |
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