Eman93
4,750 posts
msg #78029
- Ignore Eman93 |
8/26/2009 7:48:48 PM
Wonder what happend to NFES today?
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Eman93
4,750 posts
msg #78032
- Ignore Eman93 |
8/26/2009 9:13:49 PM
upsidedown09
- Ignore upsidedown09 8/26/2009 12:59:18 PM
The following is my swing trade filter. It looks for the first pull back from a breakout, where amateur traders jump into a breakout, over buying which causes a sell off.
The filter will return stocks that are nearing the end of a pull back, falling to their support. Look for stocks that have a climbing ADX or high ADX reading. Save these stocks to a watch list. Then wait for a breakout on daily highs on the hourly chart for the next day (an open higher than previous day). Some stocks may take an additional day before they turn around...
This filter will produce high returns BUT it isn't 100% automated... the filter will return pullbacks that are false, like stocks that are nearing the end of a long uptrend. You need to be able to manually filter those types of stocks out. I suggest running the filter on past dates to get the hang of what it produces. I still don't have it 100% down but I do average 6% gains every 3-4 days.
I'm open to any suggestion to help improve it!
Show stocks where high is less than high 1 day ago
and high 1 day ago is less than high 2 days ago
and MA(10) is greater than EMA(30)
and close is greater than EMA(30)
and close is less than MA(10)
and close is greater than MA(200)
and weekly close MA(10) is greater than weekly close EMA(30)
and ADX(10) is greater than 25.0
and average volume(60) is above 150000
and close is between 5 and 250
and close is approaching the EMA(30)
and RSI(5) is near 30
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Very Nice!!!
And thanks for sharing!
Why exclude the 1 to 5 stocks?
The lower volume stocks are more risky...or so I am told. Predators slam big positions if you have a tight stop loss.
Its easy money for them..... I have found trailing stops dont get slamed like regular stop losses....
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miketranz
961 posts
msg #78034
- Ignore miketranz |
8/26/2009 9:42:10 PM
Charts of interest: GOL HLCS ZHNE
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Eman93
4,750 posts
msg #78035
- Ignore Eman93 |
8/26/2009 9:50:23 PM
ZHNE looks like it may have more tomorrow.....nice push into the close.
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Eman93
4,750 posts
msg #78046
- Ignore Eman93
modified |
8/27/2009 12:16:12 AM
more to watch...
AGEN
THO
CPST
VPHM
LXK
DYN
AVNR
GKK
CVGI
SOMX
MNI
EDAP
HYST
GRH
NYNY
MPG
FSNM
NCT
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Eman93
4,750 posts
msg #78115
- Ignore Eman93
modified |
8/27/2009 5:57:12 PM
Gave some back today.......... setting up stop loss buys with tight trails while in meetings is not the best way to play it.......
I am starting to be able to tell if its gonna run or not right off the BO........
Got some IM at the 17 cross near the close......still holding hat tip John.
Action today was strange.........the trend is your friend still up.
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Eman93
4,750 posts
msg #78126
- Ignore Eman93 |
8/27/2009 10:49:58 PM
Effective August 26, 2009, NF Energy Saving Corporation of America will change its OTCBB stock ticker symbol to NFEC from NFES.
It had a 1:3 stock rev-split the stock closed on 8-26 for $5.25 so my math 3 x 5.25 = 15.75
The stock opend @ 20.00 sold off to 5.25, today it opend @ 6.1 ran to 7 closed @ 6.8.
6.8 is a long way from 15.75.......
I am going to buy some if it starts to move up tomorow.........its thinly traded only 25k shares last 2 days.
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Eman93
4,750 posts
msg #78269
- Ignore Eman93
modified |
8/30/2009 11:21:26 AM
I think its a littel much for me to try and catch break out spikes inerday------I do have a job to do and I can not do both.
I am back on the swing thing for this week.....playing breakouts for more than 10 min.....
new filter and am sure some has done ths before......playing the bounce on big gap downs.
I am going to check the news to make sure its not some kind of accounting issue.
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Eman93
4,750 posts
msg #78270
- Ignore Eman93 |
8/30/2009 11:28:46 AM
/* GAP down swing */
set{down, gap + 0}
down < -12
add column gap
close above 1
Average Volume(30) > 500000
Basic Setup
Name: Gap down
Approach Type: Long
Start Date: 12/28/2007
End Date: 04/29/2008
Benchmark Symbol: ^SPX
Exit Setup
Stop Loss: 100%
Profit Stop: 10%
Trailing Stop Loss: N/A
Minimum Holding Days: 1
Maximum holding days: 3
Extra Indicators
Entry Columns:
Show Performance After: after 2 days
after 5 days
after 10 days
after 25 days
after 40 days
Advanced Options
Selection Method: select by volume descending
Entry Price: open
Conditional Entry: No
Exit Price: close
Maximum Trades Per Day: 25
Maximum Open Positions: 250
Maximum Selected Stocks: All
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Eman93
4,750 posts
msg #78271
- Ignore Eman93 |
8/30/2009 11:30:17 AM
Test started on 12/28/2007 ended on 04/29/2008, covering 83 days
Filter used:
/* GAP down swing */
set{down, gap + 0}
down < -12
add column gap
close above 1
Average Volume(30) > 500000
Trade Statistics
There were 264 total stocks entered. Of those, 256 or 96.97% were complete and 8 or 3.03% were open.
Of the 256 completed trades, 134 trades or 52.34%resulted in a net gain.
Your average net change for completed trades was: 0.61%.
The average draw down of your approach was: -8.24%.
The average max profit of your approach was: 7.98%
The Reward/Risk ratio for this approach is: 1.15
Annualized Return on Investment (ROI): 57.51%, the ROI of ^SPX was: -17.88%.
Exit Statistics
Stop Loss was triggered 0 times or 0.00% of the time.
Stop Profit was triggered 72 times or 28.12% of the time.
Trailing Stop Loss was triggered 0 times or 0.00% of the time.
You held for the maximum period of time (3 days) 184 times or 71.88% of the time.
An exit trigger was executed 0 times or 0.00% of the time.
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