durgin
60 posts
msg #83231
- Ignore durgin |
11/18/2009 4:35:31 PM
I'm using Kevin's "Purely Based on Price" filter on a daily basis against my portfolios. It find it to be a good approach to determine when I should sell a stock. I think that it is a better approach than using a selected stop price or even a trailing stop.
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Kevin_in_GA
4,599 posts
msg #83232
- Ignore Kevin_in_GA
modified |
11/18/2009 5:47:17 PM
I'm using Kevin's "Purely Based on Price" filter on a daily basis against my portfolios. It find it to be a good approach to determine when I should sell a stock. I think that it is a better approach than using a selected stop price or even a trailing stop.
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Based on the comments here on a weekly version of this filter, I think that this iteration might be of interest to you and others:
Here I shortened the weekly timing for the threshold to the weekly low 3 weeks ago, and added a trailing stop at 10% below the highest weekly high over the last ten weeks.
Sell whenever the price closes below one of these two triggers.
Looking at the major index surrogates, you make fewer trades this way and ride the uptrend without hiccups.
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durgin
60 posts
msg #83238
- Ignore durgin |
11/18/2009 9:42:58 PM
Thanks! This is tighter than your first filter in this thread. So now one has the option of being loose or tight as well as the 10% loss -- Nice.
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Kevin_in_GA
4,599 posts
msg #83244
- Ignore Kevin_in_GA
modified |
11/19/2009 6:47:47 AM
I would look at it this way - the weekly price action determines the TREND, while the daily price action determines the TRADE.
I will be using this on the major indices to set an overall tone to my trades, but there are many such filters here using other approaches to try to do the same thing. Look at all of your options and find the one that suits you the best.
Good luck.
Kevin
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Kevin_in_GA
4,599 posts
msg #83253
- Ignore Kevin_in_GA |
11/19/2009 2:38:44 PM
If you run the daily filter (in the first post), you'll see that SPY and QQQQ now give a SELL signal, with DIA not far behind.
Weekly numbers still show the trend as BUY.
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durgin
60 posts
msg #83259
- Ignore durgin |
11/19/2009 6:31:53 PM
Sorry -- I got the filters mixed up. To restate what I wrote -- I have been using the first WEEKLY PRICE FILTER for all the stocks that I own and find it is very helpful. Your latest WEEKLY PRICE FILTER is tighter than the first one. I am generally a trend trader so the weekly version is appropriate for me.
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Kevin_in_GA
4,599 posts
msg #83552
- Ignore Kevin_in_GA |
11/27/2009 7:14:40 PM
I updated both the daily and weekly price filters a bit, as I noticed the code I used was not giving me the threshold as I wanted.
I would now use the weekly threshold as a buy or sell price - use limit orders to get in or out at the weekly value, and you'll do pretty well.
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