| StockFetcher Forums · Filter Exchange · MODIFIED CONNORS RSI(2) FILTER | << 1 ... 10 11 12 13 14 ... 22 >>Post Follow-up |
| wkloss 231 posts msg #95116 - Ignore wkloss |
7/26/2010 11:49:36 PM Kevin, Possibly a dumb question but "PLANNED TRADES FOR THE WEEK OF 7/26 - 7/30" How do you know they are for the week? Typically how long are these trades lasting? I though they were mostly 1-2 day trades. The earlier ones seemed to close quickly, possibly volatility caused stops to be hit quickly? Bill |
| Kevin_in_GA 4,599 posts msg #95117 - Ignore Kevin_in_GA modified |
7/27/2010 12:21:43 AM At this point in time, these are the trades I planned to make. Will likely need to add others as the week progresses. UPDATE FOR 7/26: Long Plays: HSY - Scored 4/6 on the Connors filters, RSI(2) is below 1, and has moved more than 2 SD below its usual relationship with the SPY. Limit order entry at 46.66 (requires a 1.17% pullback) Stop loss at 46.10 (risk of 1.19%) Target exit at 48.52 for a potential profit of 4.00%. Reward-to-Risk ratio: 3.37 ORDER NOT FILLED AGN - Scored 4/6 on the Connors filters, RSI(2) is below 1, and has moved more than 2 SD below its usual relationship with the SPY. Limit order entry at 57.95 (requires a 5.11% pullback - unlikely to fill this one) Stop loss at 54.82 (risk of 5.39%) Target exit at 64.00 for a potential profit of 10.44%. Reward-to-Risk ratio: 1.94 ORDER NOT FILLED RDY - Scored 2/6 on the Connors filters, and closed below the lower BB(20,2). This was a "10" on Thursday, and has already moved up about 4%, but I think it still has room to go up. Limit order entry at 28.31 (requires a 1.46% pullback) Stop loss at 27.89 (risk of 1.48%) Target exit at 29.37 for a potential profit of 3.74%. Reward-to-Risk ratio: 2.52 ORDER FILLED AT 28.31. STOPPED OUT AT 27.89 FOR A LOSS OF 1.48% SEIC - Scored 1/6 on the Connors filters, has moved more than 2 SD below its usual relationship with the SPY. Limit order entry at 19.75 (requires a 0.92% pullback) Stop loss at 19.56 (risk of 0.93%) Target exit at 20.22 for a potential profit of 2.41%. Reward-to-Risk ratio: 2.60 ORDER NOT FILLED - CAME WITHIN $0.03 OF FILL YESTERDAY Short Plays: RAH - Scored 6/6 on the Connors filters, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY. Limit order entry at 60.51 (requires a 1.62% move higher) Stop loss at 61.47 (risk of 1.60%) Target exit at 58.04 for a potential profit of 4.08%. Reward-to-Risk ratio: 2.56 ORDER NOT FILLED VIP - Scored 5/6 on the Connors filters, RSI(2) is above 99, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY. NICE! Limit order entry at 17.20 (requires a 2.75% move higher - might be hard to fill) Stop loss at 17.66 (risk of 2.67%) Target exit at 16.03 for a potential profit of 6.80%. Reward-to-Risk ratio: 2.54 ORDER NOT FILLED TEX - Scored 5/6 on the Connors filters, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY. Limit order entry at 21.58 (requires a 1.79% move higher) Stop loss at 22.01 (risk of 2.02%) Target exit at 20.28 for a potential profit of 6.03%. Reward-to-Risk ratio: 2.98 ORDER NOT FILLED ELY - Scored 5/6 on the Connors filters, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY. Limit order entry at 7.00 (requires a 2.07% move higher) Stop loss at 7.13 (risk of 1.76%) Target exit at 6.64 for a potential profit of 5.14%. Reward-to-Risk ratio: 2.92 ORDER FILLED AT 7.00. CLOSED AT 6.99 FOR A GAIN OF 0.14% I'll keep these limit orders on place for today - clearly entry and exit criteria are as important as finding good stocks through the filters I am using. No good if they trade properly and I am not in because I am waiting for a pullback that never materializes. |
| Kevin_in_GA 4,599 posts msg #95128 - Ignore Kevin_in_GA |
7/27/2010 9:39:30 AM Update: TEX - Scored 5/6 on the Connors filters, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY. Limit order entry at 21.58 (requires a 1.79% move higher) Stop loss at 22.01 (risk of 2.02%) Target exit at 20.28 for a potential profit of 6.03%. Reward-to-Risk ratio: 2.98 ORDER FILLED AT 21.58 |
| Kevin_in_GA 4,599 posts msg #95142 - Ignore Kevin_in_GA |
7/27/2010 9:37:47 PM UPDATE FOR 7/26: Long Plays: HSY - Scored 4/6 on the Connors filters, RSI(2) is below 1, and has moved more than 2 SD below its usual relationship with the SPY. Limit order entry at 46.66 (requires a 1.17% pullback) Stop loss at 46.10 (risk of 1.19%) Target exit at 48.52 for a potential profit of 4.00%. Reward-to-Risk ratio: 3.37 ORDER NOT FILLED - CLOSED AT TODAY 47.03. WILL KEEP AS IS FOR NOW AGN - Scored 4/6 on the Connors filters, RSI(2) is below 1, and has moved more than 2 SD below its usual relationship with the SPY. Limit order entry at 57.95 (requires a 5.11% pullback - unlikely to fill this one) Stop loss at 54.82 (risk of 5.39%) Target exit at 64.00 for a potential profit of 10.44%. Reward-to-Risk ratio: 1.94 ORDER NOT FILLED - PULLBACK DID NOT HAPPEN. WILL REMOVE FROM CONSIDERATION FOR THE WEEK RDY - Scored 2/6 on the Connors filters, and closed below the lower BB(20,2). This was a "10" on Thursday, and has already moved up about 4%, but I think it still has room to go up. Limit order entry at 28.31 (requires a 1.46% pullback) Stop loss at 27.89 (risk of 1.48%) Target exit at 29.37 for a potential profit of 3.74%. Reward-to-Risk ratio: 2.52 ORDER FILLED AT 28.31. STOPPED OUT AT 27.89 FOR A LOSS OF 1.48% SEIC - Scored 1/6 on the Connors filters, has moved more than 2 SD below its usual relationship with the SPY. Limit order entry at 19.75 (requires a 0.92% pullback) Stop loss at 19.56 (risk of 0.93%) Target exit at 20.22 for a potential profit of 2.41%. Reward-to-Risk ratio: 2.60 ORDER NOT FILLED - CLOSED TODAY AT 19.90. WILL KEEP AS IS FOR NOW Short Plays: RAH - Scored 6/6 on the Connors filters, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY. Limit order entry at 60.51 (requires a 1.62% move higher) Stop loss at 61.47 (risk of 1.60%) Target exit at 58.04 for a potential profit of 4.08%. Reward-to-Risk ratio: 2.56 ORDER NOT FILLED VIP - Scored 5/6 on the Connors filters, RSI(2) is above 99, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY. NICE! Limit order entry at 17.20 (requires a 2.75% move higher - might be hard to fill) Stop loss at 17.66 (risk of 2.67%) Target exit at 16.03 for a potential profit of 6.80%. Reward-to-Risk ratio: 2.54 ORDER NOT FILLED - MISSED THIS ONE. WILL REMOVE FROM CONSIDERATION FOR THIS WEEK TEX - Scored 5/6 on the Connors filters, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY. Limit order entry at 21.58 (requires a 1.79% move higher) Stop loss at 22.01 (risk of 2.02%) Target exit at 20.28 for a potential profit of 6.03%. Reward-to-Risk ratio: 2.98 ORDER FILLED AT 21.58. CLOSED AT 20.62 FOR A GAIN OF 4.45% ELY - Scored 5/6 on the Connors filters, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY. Limit order entry at 7.00 (requires a 2.07% move higher) Stop loss at 7.13 (risk of 1.76%) Target exit at 6.64 for a potential profit of 5.14%. Reward-to-Risk ratio: 2.92 ORDER FILLED AT 7.00. CLOSED AT 6.82 FOR A GAIN OF 2.57% Net gain for the week of +1.85% ($277.08 on a total of $15,000 invested, with $25,000 still in cash). NEW LONG AND SHORT PLAYS Looks like there are lots of good short plays today, and a few decent long ones as well. New Long Plays: GLD - Scored 3/6 on the Connors filters, closed below the lower BB(20,2), also closed below its BB(16,2.5), and has moved more than 2 SD below its usual relationship with the SPY. Limit order entry at 112.82 (requires a 0.61% pullback) Stop loss at 112.12 (risk of 0.61%) Target exit at 115.68 (r2) for a potential profit of 2.54%. Reward-to-Risk ratio: 4.13 PPDI - Scored 3/6 on the Connors filters and has moved more than 2 SD below its usual relationship with the SPY. Limit order entry at 25.43 (requires a 2.15% pullback) Stop loss at 24.87 (risk of 2.20%) Target exit at 28.0 (r1) for a potential profit of 6.17%. Reward-to-Risk ratio: 2.80 Short Plays: SOHU - Scored 6/6 on the Connors filters, RSI(2) is above 99, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY. Maximum possible score! Limit order entry at 48.21 (requires a 1.27% move higher) Stop loss at 48.81 (risk of 1.26%) Target exit at 45.77 (s2) for a potential profit of 5.05%. Reward-to-Risk ratio: 4.01 NDAQ - Scored 6/6 on the Connors filters, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY. Limit order entry at 19.92 (requires a 2.19% move higher - might be a stretch) Stop loss at 20.34 (risk of 2.14%) Target exit at 19.00 (s2) for a potential profit of 4.59%. Reward-to-Risk ratio: 2.14 |
| Kevin_in_GA 4,599 posts msg #95157 - Ignore Kevin_in_GA |
7/28/2010 9:58:38 AM 7/28 Update: Long Plays: HSY - Scored 4/6 on the Connors filters, RSI(2) is below 1, and has moved more than 2 SD below its usual relationship with the SPY. Limit order entry at 46.66 (requires a 1.17% pullback) Stop loss at 46.10 (risk of 1.19%) Target exit at 48.52 for a potential profit of 4.00%. Reward-to-Risk ratio: 3.37 ORDER FILLED AT 46.66 SEIC - Scored 1/6 on the Connors filters, has moved more than 2 SD below its usual relationship with the SPY. Limit order entry at 19.75 (requires a 0.92% pullback) Stop loss at 19.56 (risk of 0.93%) Target exit at 20.22 for a potential profit of 2.41%. Reward-to-Risk ratio: 2.60 ORDER FILLED AT 19.75 PPDI - Scored 3/6 on the Connors filters and has moved more than 2 SD below its usual relationship with the SPY. Limit order entry at 25.43 (requires a 2.15% pullback) Stop loss at 24.87 (risk of 2.20%) Target exit at 28.0 (r1) for a potential profit of 6.17%. Reward-to-Risk ratio: 2.80 ORDER FILLED AT 25.43 Short Plays: SOHU - Scored 6/6 on the Connors filters, RSI(2) is above 99, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY. Maximum possible score! Limit order entry at 48.21 (requires a 1.27% move higher) Stop loss at 48.81 (risk of 1.26%) Target exit at 45.77 (s2) for a potential profit of 5.05%. Reward-to-Risk ratio: 4.01 ORDER FILLED AT 48.21 |
| Kevin_in_GA 4,599 posts msg #95160 - Ignore Kevin_in_GA modified |
7/28/2010 10:35:05 AM ELY - Scored 5/6 on the Connors filters, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY. Limit order entry at 7.00 (requires a 2.07% move higher) Stop loss at 7.13 (risk of 1.76%) Target exit at 6.64 for a potential profit of 5.14%. Reward-to-Risk ratio: 2.92 ORDER FILLED AT 7.00. PROFIT TARGET HIT AT 6.64 FOR A GAIN OF 5.14% TEX - Scored 5/6 on the Connors filters, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY. Limit order entry at 21.58 (requires a 1.79% move higher) Stop loss at 22.01 (risk of 2.02%) Target exit at 20.28 for a potential profit of 6.03%. Reward-to-Risk ratio: 2.98 ORDER FILLED AT 21.58. PROFIT TARGET HIT AT 20.28 FOR A GAIN OF 6.03% |
| Kevin_in_GA 4,599 posts msg #95177 - Ignore Kevin_in_GA |
7/28/2010 7:27:39 PM UPDATE FOR 7/28: Long Plays: HSY - Scored 4/6 on the Connors filters, RSI(2) is below 1, and has moved more than 2 SD below its usual relationship with the SPY. Limit order entry at 46.66 (requires a 1.17% pullback) Stop loss at 46.10 (risk of 1.19%) Target exit at 48.52 for a potential profit of 4.00%. Reward-to-Risk ratio: 3.37 ORDER FILLED AT 46.66. CLOSED TODAY AT 46.41 FOR A LOSS OF 0.54% PPDI - Scored 3/6 on the Connors filters and has moved more than 2 SD below its usual relationship with the SPY. Limit order entry at 25.43 (requires a 2.15% pullback) Stop loss at 24.87 (risk of 2.20%) Target exit at 28.0 (r1) for a potential profit of 6.17%. Reward-to-Risk ratio: 2.80 Reward-to-Risk ratio: 4.01 ORDER FILLED AT 25.43. CLOSED TODAY AT 25.47 FOR A GAIN OF 0.16% RDY - Scored 2/6 on the Connors filters, and closed below the lower BB(20,2). This was a "10" on Thursday, and has already moved up about 4%, but I think it still has room to go up. Limit order entry at 28.31 (requires a 1.46% pullback) Stop loss at 27.89 (risk of 1.48%) Target exit at 29.37 for a potential profit of 3.74%. Reward-to-Risk ratio: 2.52 ORDER FILLED AT 28.31. STOPPED OUT AT 27.89 FOR A LOSS OF 1.48% SEIC - Scored 1/6 on the Connors filters, has moved more than 2 SD below its usual relationship with the SPY. Limit order entry at 19.75 (requires a 0.92% pullback) Stop loss at 19.56 (risk of 0.93%) Target exit at 20.22 for a potential profit of 2.41%. Reward-to-Risk ratio: 2.60 ORDER FILLED AT 19.75. STOPPED OUT AT 19.56 FOR A LOSS OF 0.93% Short Plays: SOHU - Scored 6/6 on the Connors filters, RSI(2) is above 99, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY. Maximum possible score! Limit order entry at 48.21 (requires a 1.27% move higher) Stop loss at 48.81 (risk of 1.26%) Target exit at 45.77 (s2) for a potential profit of 5.05%. Reward-to-Risk ratio: 4.01 ORDER FILLED AT 48.21. CLOSED TODAY AT 47.67 FOR A GAIN OF 1.12% NDAQ - Scored 6/6 on the Connors filters, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY. Limit order entry at 19.92 (requires a 2.19% move higher - might be a stretch) Stop loss at 20.34 (risk of 2.14%) Target exit at 19.00 (s2) for a potential profit of 4.59%. Reward-to-Risk ratio: 2.14 ORDER NOT FILLED. HIGH OF 19.89, CLOSED AT 19.34 ELY - Scored 5/6 on the Connors filters, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY. Limit order entry at 7.00 (requires a 2.07% move higher) Stop loss at 7.13 (risk of 1.76%) Target exit at 6.64 for a potential profit of 5.14%. Reward-to-Risk ratio: 2.92 ORDER FILLED AT 7.00. PROFIT TARGET HIT AT 6.64 FOR A GAIN OF 5.14% TEX - Scored 5/6 on the Connors filters, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY. Limit order entry at 21.58 (requires a 1.79% move higher) Stop loss at 22.01 (risk of 2.02%) Target exit at 20.28 for a potential profit of 6.03%. Reward-to-Risk ratio: 2.98 ORDER FILLED AT 21.58. PROFIT TARGET HIT AT 20.28 FOR A GAIN OF 6.03% I removed GLD and RAH from the list as I only want 4 longs and 4 shorts for this week, and these did not look like they would be filled. Net gain for the week of +1.38% ($473.88 on a total of $35,000 invested). NEED 2 NEW SHORT PLAYS AND 2 NEW LONG PLAYS: Short Plays: VZ - Scored 6/6 on the Connors filters, closed above the upper BB(20,2), RSI(2) above 99, and has moved more than 2 SD above its usual relationship with the SPY. Limit order entry at 29.20 (requires a 0.99% move higher) Stop loss at 29.48 (risk of 0.98%) Target exit (s2) at 28.59 for a potential profit of 3.20%. Reward-to-Risk ratio: 3.26 DST - Scored 6/6 on the Connors filters, closed above the upper BB(20,2), and has moved more than 2 SD above its usual relationship with the SPY. Limit order entry at 41.30 (requires a 2.73% move higher - may be hard to fill) Stop loss at 42.39 (risk of 2.66%) Target exit (s2) at 39.55 for a potential profit of 5.82%. Reward-to-Risk ratio: 2.19 Long Plays: ABC - Scored 4/6 on the Connors filters, and closed below the lower BB(20,2). Limit order entry at 28.31 (requires a 2.14% pullback) Stop loss at 27.69 (risk of 2.19%) Target exit (r2) at 29.83 for a potential profit of 5.37%. Reward-to-Risk ratio: 2.45 NEM - Scored 4/6 on the Connors filters, and closed below the lower BB(20,2). Limit order entry at 54.53 (requires a 1.56% pullback) Stop loss at 53.67 (risk of 1.59%) Target exit (r2) at 56.67 for a potential profit of 3.91%. Reward-to-Risk ratio: 2.46 |
| Eman93 4,750 posts msg #95180 - Ignore Eman93 |
7/28/2010 9:28:25 PM Very interesting.... nice work 1% or 2% a month on a million is nice coin.... the only problem I would see about using a method like this for a large say over a million account is your putting a lot of cash into a company that a filter spits out.... one accounting issue and wamo gap down 20% kills you whole year..... or a buy out one a short.... just saying..... the safety my be misleading there are more risks in individual stocks than say an index etf |
| Kevin_in_GA 4,599 posts msg #95202 - Ignore Kevin_in_GA |
7/29/2010 10:23:46 AM Very interesting.... nice work 1% or 2% a month on a million is nice coin.... the only problem I would see about using a method like this for a large say over a million account is your putting a lot of cash into a company that a filter spits out.... one accounting issue and wamo gap down 20% kills you whole year..... or a buy out one a short.... just saying..... +++++ Well, so far it has done a lot better than 1-2% a month: 6/28 - 7/2: +6.01% ($2402.35 on an initial $40,000 in 11 trades) 7/6 - 7/9: +4.58% ($1842.88 on an initial $40,000 in 8 trades) 7/12 - 7/16: +1.76% ($706.15 on an initial $40,000 in 16 trades) 7/19 - 7/23: +1.88% ($676.51 on an initial $36,000 in 9 trades) 7/26 - 7/28: +1.38% ($473.88 on an initial $35,000 in 7 trades) Net gain of $6,101.77 or 15.25% ( since 6/28 - no compounding). After taking commissions into account @$8.95 per side, one still netted $5,976.47 or 14.94%. After introducing tight stop losses and limit order entries in week 3, the overall profitability has gone down - although I caught a few really nice trades in week 1 that makes it look skewed. Nonetheless, the volatility of this system is exceptionally low while making significant profit over a "buy-and-hold SPY" approach. |
| cwn6161 40 posts msg #95203 - Ignore cwn6161 |
7/29/2010 10:29:12 AM Actually, since the filter spits SO many trades out, even a string of losses (or one big one) will not hurt you too much. Numerous trades keep the capital in each trade low, relative to the total capital being used to trade. Your scenario works in the other direction too (like winning big). But I don't think a gap up for or against you will make or break this system. |
| StockFetcher Forums · Filter Exchange · MODIFIED CONNORS RSI(2) FILTER | << 1 ... 10 11 12 13 14 ... 22 >>Post Follow-up |
Copyright 2022 - Vestyl Software L.L.C.•Terms of Service | License | Questions or comments? Contact Us
EOD Data sources: DDFPlus & CSI Data
Quotes delayed during active market hours. Delay times are at least 15 mins for NASDAQ, 20 mins for NYSE and Amex. Delayed intraday data provided by DDFPlus