StockFetcher Forums · Stock Picks and Trading · Shills Swing N Daily<< 1 ... 276 277 278 279 280 ... 493 >>Post Follow-up
Kevin_in_GA
4,599 posts
msg #134210
Ignore Kevin_in_GA
2/10/2017 2:20:54 PM

The current VIX contango level is 14% right now, with the roll yield at 8.76% with only 5 days until options expiration. the VXV contango level is at 10%, so the short term contango is higher than the medium term contango. Unless something dramatic happens to affect the markets, to short XIV now is not a smart call statistically.

shillllihs
6,049 posts
msg #134211
Ignore shillllihs
2/10/2017 2:38:57 PM

Ok I took the trade off, down 50 bucks.



I'm liking the intraday short skim more and more lately for some small change.
Anyone willing to share some solid filters without high risk?

pthomas215
1,251 posts
msg #134221
Ignore pthomas215
2/11/2017 10:48:31 AM

Fetcher[

set{body_bottom,min(open,close)}
set{body_top,max(open,close)}
set{body_size,body_top - body_bottom}
set{lshadowsize, body_bottom - low}
set{tshadowsize, high - body_top}
set{body_size2, body_size * 2}
tshadowsize is grater then .2
and tshadowsize is grater then body_size2
and body_size is greater then 0

set{C1, close 1 day ago}
set{O1, open 1 day ago}
set{C2, close 2 days ago}
set{O2, open 2 days ago}
set{RC1, C1-O1}
set{RC2, C2-O2}
set{X1, C1*0.02}
set{X2, C2*0.02}
and RC1 is above 0 and RC2 is above 0
and abs(RC1) is above abs(x1)
and abs(RC2) is above abs(x2)
and do not draw rc1
and do not draw rc2
and do not draw x1
and do not draw x2
and do not draw abs(rc1)
and do not draw abs(rc2)
and do not draw abs(x1)
and do not draw abs(x2)
and do not draw body_size

sort column 5 ascending

/* Basic Stock Characteristics */
and price is between 2 and 100
and ATR(30) is above 0.7
and rsi(14) is above 70
and open is above then upper Bollinger Band(20)
and open is greater then close
volume above 1000000
]



pthomas215
1,251 posts
msg #134222
Ignore pthomas215
2/11/2017 10:54:04 AM

shillihs, it has decent short logic in it, however you might want to use an offset of 4 or 5 days if you like. sometimes they hang around the higher RSI for a bit.

four
5,087 posts
msg #134224
Ignore four
2/11/2017 12:54:07 PM

PT, modified your above filter. What are your thoughts?




Fetcher[
/* Basic Stock Characteristics */
and price is between 2 and 100
and ATR(30) is above 0.7
and rsi(14) is below 30
and close crossed above lower Bollinger Band(20,1.5)

volume above 800000

]



pthomas215
1,251 posts
msg #134225
Ignore pthomas215
2/11/2017 1:17:03 PM

Thank you Four. I was responding to Shillihs comment on how he is looking to skim short sells intraday, so I posted a short filter. you lowered the RSI so I assume you were posting a long filter? I love it at a long filter !

pthomas215
1,251 posts
msg #134226
Ignore pthomas215
2/11/2017 1:22:03 PM

FOUR, I want your opinion on something. I have seen a nice gap up with the filter below on the overnight. so accordingly I took down NE late Friday. Just dont know if I am getting lucky or if there is logic to the overnight gap up...thoughts??

Fetcher[
price between 2 and 30
ema(3) crossed above ema(21) 1 days ago
and avgvol(30) is above 10000000
volume > volume 1 day ago
average day range(10) above 4
]





four
5,087 posts
msg #134227
Ignore four
2/11/2017 1:30:46 PM

pt,
1. yes, made it a long [be careful with the ETFs]

2. Gap info
http://www.moneyshow.com/articles.asp?aid=TradingIdea-23647

four
5,087 posts
msg #134229
Ignore four
2/11/2017 2:05:00 PM

2. Gap Info (continued)
http://stockcharts.com/school/doku.php?id=chart_school:trading_strategies:gap_trading_strategies

shillllihs
6,049 posts
msg #134231
Ignore shillllihs
2/11/2017 3:44:14 PM

Thanx PT.

I think this might be the best SHORT filter though. It's something Kevin made for longs I guess.
Just play any inverse ETF.


10/20/2013 2:22:02 AM

Fetcher[
/*KEVIN'S TRADE THE WEEKLY OPEN GAP DOWN STRATEGY*/
Etf
/*FIRST, SET KEY VARIABLES - LAST WEEK'S CLOSE AND THIS WEEK'S OPEN*/
set{horizontal1, weekly close 1 week ago}
set{open1, weekly open}

/*SECOND, DETERMINE IF A GAP DOWN OCCURS, AND IF IT WAS THEN FILLED*/
set{gapdown, count(open1 below horizontal1,1)}
set{stats, count(weekly high above horizontal1, 1)}
set{gapfill, gapdown * stats}

/*THIRD, COUNT THE FREQUENCY OF GAPS DOWN THAT WERE FILLED OVER THE LAST 100 WEEKS*/
set{gapdown100, count(gapdown above 0.5,100)}
set{gapfill100, count(gapfill above 0.5,100)}
set{pct_gapfill, gapfill100 / gapdown100}

/*FINALLY, DETERMINE THE POTENTIAL GAIN FROM THIS WEEK'S GAP DOWN*/
set{gapsize, horizontal1 - open1}
set{gain2, gapsize / open1}
set{gain, gain2 * 100}

/*NOW ADD COLUMNS WITH KEY DATA AND SORT THEM FROM HIGHEST PERCENT GAP FILLED TO LOWEST*/
add column pct_gapfill {percent gap filled}
add column gapdown100
add column gapfill100
add column horizontal1 {last week's close}
add column open1 {weekly open}
add column gain {gain(%)}
add column ATR(50)
sort on column 5 descending

/*SET SCREENING CRITERIA FOR USE AT MONDAY'S OPEN. SINCE BIG GAPS DOWN ARE LESS LIKELY
TO BE FILLED, SCREEN OUT ANY GAPS DOWN THAT OPEN BELOW LAST WEEK'S LOW*/
weekly open below weekly close 1 week ago
weekly open above weekly low 1 week ago

/*ADDED CHECK - THE GAP TO BE FILLED SHOULD BE LESS THAN THE ATR(50). THIS WILL ALSO HELP TO SCREEN OUT BIG GAPS DOWN THAT ARE UNLIKELY TO BE FILLED THIS WEEK*/
gapsize below ATR(50)

/*SET A MINIMUM FREQUENCY FOR GAPS DOWN - THE HIGHER THIS IS, THE STRONGER THE STATISTICAL RELEVANCE - I CHOSE 30 HERE BUT YOU CAN SET IT TO ANYTHING YOU WANT (HIGHER WILL GIVE FEWER
HITS). I ALSO WANT THE RETURN TO BE AT LEAST 2%*/
gapdown100 above 30
gain above 2

/*STANDARD LIQUIDITY REQUIREMENTS*/

average volume(30) above 100000

chart-display is weekly
draw gapfill
draw gapdown
]



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