xxcheck
53 posts
msg #78903
- Ignore xxcheck |
9/9/2009 8:04:43 PM
Thanks Kevin... Running doesnt filter any stocks? Seem right? Still holding ETFC?
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Kevin_in_GA
4,599 posts
msg #78904
- Ignore Kevin_in_GA
modified |
9/9/2009 8:06:36 PM
Well STAR is trading at 25.50 after the bell - maybe the 20% profit stop isn't such a great idea?
We'll see ... I'll track the trades that were profit stops for a while in a separate list, and if it appears that they keep going strong past 20%, I'll modify accordingly.
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Kevin_in_GA
4,599 posts
msg #78905
- Ignore Kevin_in_GA
modified |
9/9/2009 8:10:37 PM
9/9/2009 8:04:43 PM
Thanks Kevin... Running doesn't filter any stocks? Seem right? Still holding ETFC?
++++++++++++++++++++++++++++++++++++++++++++++++
Running the filter should give you no hits for today (as indicated in my post). All OK if that happens - for me, a good filter doesn't give me too many stocks to consider at any given time. Do you have IBD1, IBD2, and IBD3 saved as watchlists?
ETFC was bought following M4M's strategy, not this one. Still holding and waiting on that one. Lots of chatter about a possible buyout of E-Trade soon. If so, the stock will soar.
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xxcheck
53 posts
msg #78918
- Ignore xxcheck |
9/9/2009 10:02:26 PM
Copied all IPD lists. Thanks Kevin
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BarTune1
441 posts
msg #78921
- Ignore BarTune1 |
9/9/2009 10:53:22 PM
Kevin,
Does IBD have a listing of their worst stocks in the event I was going to try to employ your strategy in reverse ..... that is, when I want to short because I feel the market is overbought.
I have added your filter, both positive and negative for screening purposes. It would be nice to run the reverse strategy against the worst IBD stocks.
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Kevin_in_GA
4,599 posts
msg #78924
- Ignore Kevin_in_GA |
9/9/2009 11:55:21 PM
Reverse the filter settings for shorting, but you don't have to change the stock list (remember that the IBD rankings are based on the last 3-5 Q of performance, not really a short term ranking).
Look at the charts - if you take a short position on the close above the upper band, you will make money.
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branrx
13 posts
msg #78927
- Ignore branrx |
9/10/2009 1:20:55 AM
This is awesome man. Thanks for the work you put into this!
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decipherlinda
133 posts
msg #78931
- Ignore decipherlinda |
9/10/2009 2:30:22 AM
Another way to use Bollinger Bands: I subscribe to Dan Fitzpatrick's StockMarketMentor and he's a huge fan to using Bollinger Band squeeze plays which is a common strategy. Most if not all of you are probably aware of it. When the bands come together tightly, the stock is probably consolidating. Sooner or later the stock will break down or up although there's an upward bias generally. I've noticed there's a tendency for RSI(2) to take a move up like the right side of a "v" pattern a day or two before a big move starts to move up. The longer the stock consolidates (like in the handle of a "cup" pattern), the stronger the move. SF's home page has a pre-programmed Bollinger Band filter for finding tight BB's.
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richo
74 posts
msg #78935
- Ignore richo |
9/10/2009 7:01:42 AM
Kevin,
I noticed you didn't buy CACC the same day it showed up on the filter along with CA and AMED
Rich
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Kevin_in_GA
4,599 posts
msg #78938
- Ignore Kevin_in_GA
modified |
9/10/2009 7:42:27 AM
During that time I was also looking for a confirmation (close above close 1 day ago) to the BUY filter. I had several slight modifications going, so i did not catch every one that would have been caught by the filter I am using now.
The goal had been to avoid stocks that were is a losing spiral - it ends up that most of the stocks had up days following the close below the lower BB, and so by waiting for confirmation, I was missing out on some potential profits.
Looking at CACC, you could still buy it now - it closed yesterday at 28.34, and if you followed the filter as it is now, you would have bought it at 28.26 (not a huge difference).
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