Kevin_in_GA
4,599 posts
msg #80105
- Ignore Kevin_in_GA
modified |
9/25/2009 5:35:33 PM
I jumped in on RIMM today at the close - in at $68.84. This is a value at this price, so I did not wait for the hollow candle confirmation.
In on ICON at $15.57 after confirmation today.
In on ALLI at $6.10 after confirmation today.
Still waiting on CRGN to bottom (should happen just before the 30th when they finalize the merger with CLDX).
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Eman93
4,750 posts
msg #80111
- Ignore Eman93
modified |
9/25/2009 9:13:46 PM
http://www.effectivevolume.eu/
Web site that sells ef charting some free charts
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burns1971
16 posts
msg #80157
- Ignore burns1971 |
9/27/2009 11:51:09 AM
Kevin,
Thank you very much for all the work you have done to promote a dialogue regarding your trading strategy. I look forward to implementing your techniques and keeping a close eye on the posts in this thread.
I have added some display lines to your filter so that I could have a clearer picture of what is taking place on the charts. I thought I would share them for the sake of those who are not very familiar with the display possibilities on StockFetcher.
Do not draw Bollinger (20,2)
Do not draw MA(20)
Draw MA(16)
chart-time 90-days
add column sector
add column industry
The first two lines eliminate the default BB (20,2), leaving only your BB (16,2.5). The third line adds a midline to the BB (16,2.5). I altered the default chart-time so that I can manually backtest three months and see what the candles are doing. Though the sector and industry categories are not always consistent with the IBD categories, I do like to have a quick reference to the industry of a stock.
Thanks again,
Bill
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Kevin_in_GA
4,599 posts
msg #80161
- Ignore Kevin_in_GA
modified |
9/27/2009 1:09:30 PM
Burns1971:
Thanks for the feedback. I update the stocks and the overall portfolio performance every night on the first post in this thread, so you can easily see how this strategy performs as time goes by.
As for drawing indicators, I do the following:
go to SETTINGS and add the following indicators:
1. Draw Bollinger Bands(16,2.5)
2. Draw Bollinger Bands(16,0)
3. Draw RSI(2)
4. Draw average volume(50)
Include others if you want - I use only these at the moment.
Save settings. That way, every chart you look at will automatically have these indicators drawn.
I personally set the chart time at 1 month, since 3,6,12,and 24 months are defaults.
Kevin
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burns1971
16 posts
msg #80166
- Ignore burns1971 |
9/27/2009 4:30:14 PM
Kevin,
Thanks for the additional information.
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Kevin_in_GA
4,599 posts
msg #80173
- Ignore Kevin_in_GA |
9/27/2009 5:55:15 PM
Sure thing. Glad others are interested in this, and following closely enough to keep me dedicated to the strategy - you can't really cheat when people are watching.
Kevin
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springhill
74 posts
msg #80179
- Ignore springhill |
9/27/2009 7:49:42 PM
Hello Kevin,
I have spent Sunday afternoon reading thru this entire thread. Also researching Willain's book and studies.
Have you made any conclusions about emulating some of his work with BB(20,2) as mentioned on page 14 of the thread.
Would be nice to be able to apply the Willain data before jumping into or outof a particular stock.
Great thread, keep up the good work.
Frank
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gabestogie
79 posts
msg #80181
- Ignore gabestogie |
9/27/2009 8:26:54 PM
Kevin:
I also reviewed the Willians web site and read his statements about using his program. I may be wrong but seems to me he makes it very clear that he is looking for people to promote and use his system. Curently there are 4 that he mentions using it, Trade Station being one of them. Have not gone beyond the reading part due to a busy wknd here. He does ask that if anyone uses it that he would appreciate if the made any improvements or added to it to in form him of it, perhaps so he could use it also.
Gabe
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Kevin_in_GA
4,599 posts
msg #80183
- Ignore Kevin_in_GA
modified |
9/27/2009 8:43:13 PM
Effective Volume is an intraday calculation beyond what SF can do currently. I admit I too am intrigued by it, but for now am going to stick with the BB system as it currently stands.
As I suggested to a24ali, EV is a topic that deserves its own thread. I would trade off of its signals without using Bollinger Bands if I were to adopt it as a trading system, since the BB system is pullback-based and EV is based on large player money flow (which precedes pullbacks).
I see EV as a great tool to pick stocks to short, rather than ones to go long.
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ronun
27 posts
msg #80192
- Ignore ronun |
9/27/2009 11:32:26 PM
kmcninvest
I came across this last nite, thought might interest you.
http://seekingalpha.com/article/163591-stec-buying-opportunity-competitive-concerns-are-overblown
ronun
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