| StockFetcher Forums · Filter Exchange · MODIFIED CONNORS RSI(2) FILTER | << 1 ... 12 13 14 15 16 ... 22 >>Post Follow-up |
| Kevin_in_GA 4,599 posts msg #95386 - Ignore Kevin_in_GA |
8/4/2010 11:05:51 PM Update - 8/04/2010 PLCE - Scored 5/6 on the Connors filters, and closed below the lower BB(20,2), and has moved more than 2 SD below its usual relationship with the SPY. Limit order entry at 41.13 (requires a 1.72% pullback) Stop loss at 40.41 (risk of 1.75%) Target exit (r2) at 43.93 for a potential profit of 6.81%. Reward-to-Risk ratio: 3.89 ORDER FILLED AT 41.13. STOPPED OUT AT 40.41 FOR A LOSS OF 1.75%. WERN - Scored 5/6 on the Connors filters. Limit order entry at 22.69 (requires a 1.46% pullback) Stop loss at 22.36 (risk of 1.48%) Target exit (r2) at 23.76 for a potential profit of 4.69%. Reward-to-Risk ratio: 3.16 ORDER FILLED AT 22.69. CLOSED AT 23.14 FOR A GAIN OF 1.98% On two $5,000 trades, the system is up $11.88 for the week. Pretty lame, but at least it's not a loss! |
| Kevin_in_GA 4,599 posts msg #95387 - Ignore Kevin_in_GA |
8/4/2010 11:35:54 PM SIX NEW TRADES FOR CONSIDERATION Short Plays: EMKR - Scored 6/6 on the Connors filters, closed above the upper BB(20,2), RSI(2) above 99, 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 1.09 (requires a 2.18% move higher) Stop loss at 1.12 (risk of 2.13%) Target exit (s2) at 0.98 for a potential profit of 10.67%. Reward-to-Risk ratio: 5.00 VRTX - 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 37.50 (requires a 3.41% move higher - unlikely to fill) Stop loss at 38.73 (risk of 3.30%) Target exit (s2) at 34.69 for a potential profit of 7.48%. Reward-to-Risk ratio: 2.27 CVH - Scored 6/6 on the Connors filters, closed above the upper BB(20,2), RSI(2) is almost 99, and has moved more than 2 SD above its usual relationship with the SPY. Limit order entry at 21.87 (requires a 1.55% move higher) Stop loss at 22.21 (risk of 1.52%) Target exit (s2) at 20.51 for a potential profit of 6.25%. Reward-to-Risk ratio: 4.10 Long Plays: VQ - Scored 5/6 on the Connors filters, and RSI(2) below 1. Limit order entry at 16.50 (requires a 2.16% pullback) Stop loss at 16.13 (risk of 2.20%) Target exit (r2) at 18.03 for a potential profit of 9.32%. Reward-to-Risk ratio: 4.23 ABMD - Scored 4/6 on the Connors filters, and has moved more than 2 SD below its usual relationship with the SPY. Limit order entry at 10.21 (requires a 3.88% pullback - unlikely to fill) Stop loss at 9.91 (risk of 2.87%) Target exit (r1) at 11.03 for a potential profit of 8.03%. Reward-to-Risk ratio: 2.80 BVN - Scored 2/6 on the Connors filters, and closed below its lower BB(20,2). Limit order entry at 35.75 (requires a 1.07% pullback) Stop loss at 35.37 (risk of 1.08%) Target exit (r2) at 37.55 for a potential profit of 5.02%. Reward-to-Risk ratio: 4.64 |
| ham1198 174 posts msg #95398 - Ignore ham1198 |
8/5/2010 10:16:07 AM kevin, hope you got filled on vq @ 16.50$. i was hoping to get it at 16.25$ never got there. good luck. |
| Kevin_in_GA 4,599 posts msg #95425 - Ignore Kevin_in_GA modified |
8/5/2010 10:14:59 PM Update - 8/05/2010 PLCE - Scored 5/6 on the Connors filters, and closed below the lower BB(20,2), and has moved more than 2 SD below its usual relationship with the SPY. Limit order entry at 41.13 (requires a 1.72% pullback) Stop loss at 40.41 (risk of 1.75%) Target exit (r2) at 43.93 for a potential profit of 6.81%. Reward-to-Risk ratio: 3.89 ORDER FILLED AT 41.13. STOPPED OUT AT 40.41 FOR A LOSS OF 1.75%. WERN - Scored 5/6 on the Connors filters. Limit order entry at 22.69 (requires a 1.46% pullback) Stop loss at 22.36 (risk of 1.48%) Target exit (r2) at 23.76 for a potential profit of 4.69%. Reward-to-Risk ratio: 3.16 ORDER FILLED AT 22.69. CLOSED AT 22.73 FOR A GAIN OF 0.18% NEW POSITIONS OPENED TODAY: VQ - Scored 5/6 on the Connors filters, and RSI(2) below 1. Limit order entry at 16.50 (requires a 2.16% pullback) Stop loss at 16.13 (risk of 2.20%) Target exit (r2) at 18.03 for a potential profit of 9.32%. Reward-to-Risk ratio: 4.23 ORDER FILLED AT 16.13. CLOSED AT 16.75 FOR A GAIN OF 1.52% ABMD - Scored 4/6 on the Connors filters, and has moved more than 2 SD below its usual relationship with the SPY. Limit order entry at 10.21 (requires a 3.88% pullback - unlikely to fill) Stop loss at 9.91 (risk of 2.87%) Target exit (r1) at 11.03 for a potential profit of 8.03%. Reward-to-Risk ratio: 2.80 ORDER FILLED AT 10.21. CLOSED AT 10.26 FOR A GAIN OF 0.49% BVN - Scored 2/6 on the Connors filters, and closed below its lower BB(20,2). Limit order entry at 35.75 (requires a 1.07% pullback) Stop loss at 35.37 (risk of 1.08%) Target exit (r2) at 37.55 for a potential profit of 5.02%. Reward-to-Risk ratio: 4.64 ORDER FILLED AT 35.75. CLOSED AT 36.27 FOR A GAIN OF 1.45% POSITIONS NOT FILLED: EMKR - Scored 6/6 on the Connors filters, closed above the upper BB(20,2), RSI(2) above 99, 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 1.09 (requires a 2.18% move higher) Stop loss at 1.12 (risk of 2.13%) Target exit (s2) at 0.98 for a potential profit of 10.67%. Reward-to-Risk ratio: 5.00 ORDER NOT FILLED VRTX - 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 37.50 (requires a 3.41% move higher - unlikely to fill) Stop loss at 38.73 (risk of 3.30%) Target exit (s2) at 34.69 for a potential profit of 7.48%. Reward-to-Risk ratio: 2.27 ORDER NOT FILLED CVH - Scored 6/6 on the Connors filters, closed above the upper BB(20,2), RSI(2) is almost 99, and has moved more than 2 SD above its usual relationship with the SPY. Limit order entry at 21.87 (requires a 1.55% move higher) Stop loss at 22.21 (risk of 1.52%) Target exit (s2) at 20.51 for a potential profit of 6.25%. Reward-to-Risk ratio: 4.10 ORDER NOT FILLED Net gain for the week - 0.38% ($94.73 on a total of $25,000 invested). |
| ham1198 174 posts msg #95483 - Ignore ham1198 |
8/6/2010 1:10:50 PM ...got my 16.25$ today. patience pays off. glta |
| ham1198 174 posts msg #95491 - Ignore ham1198 |
8/6/2010 4:04:49 PM ....saw this on seeking alpha: The Chart of the Day Venoco (VQ) is a new position as of this afternoon. The pick is a bit more aggressive than I would normally like, but I expect shares will find support at $16, which had been resistance for most of this winter. Volume picked-up in June as shares broke past $16.20 resistance and later found support at that same level back in July. A bearish engulfing candle and the gap down last week are a concern. The stock should at least backtest the 50 day moving average (which is moving higher) at $17.40. The downside risk is minimal provided that commodities remain hot. To the upside we could be looking at a quick move to $19 resistance. The next few days will be very telling for this company. |
| Kevin_in_GA 4,599 posts msg #95515 - Ignore Kevin_in_GA |
8/8/2010 3:53:56 PM UPDATE FOR WEEK OF 8/2-8/6 PLCE - Scored 5/6 on the Connors filters, and closed below the lower BB(20,2), and has moved more than 2 SD below its usual relationship with the SPY. Limit order entry at 41.13 (requires a 1.72% pullback) Stop loss at 40.41 (risk of 1.75%) Target exit (r2) at 43.93 for a potential profit of 6.81%. Reward-to-Risk ratio: 3.89 ORDER FILLED AT 41.13. STOPPED OUT AT 40.41 FOR A LOSS OF 1.75%. WERN - Scored 5/6 on the Connors filters. Limit order entry at 22.69 (requires a 1.46% pullback) Stop loss at 22.36 (risk of 1.48%) Target exit (r2) at 23.76 for a potential profit of 4.69%. Reward-to-Risk ratio: 3.16 ORDER FILLED AT 22.69. STOPPED OUT AT 22.36 FOR A LOSS OF 1.48% VQ - Scored 5/6 on the Connors filters, and RSI(2) below 1. Limit order entry at 16.50 (requires a 2.16% pullback) Stop loss at 16.13 (risk of 2.20%) Target exit (r2) at 18.03 for a potential profit of 9.32%. Reward-to-Risk ratio: 4.23 ORDER FILLED AT 16.13. CLOSED AT 17.13 FOR A GAIN OF 3.82% ABMD - Scored 4/6 on the Connors filters, and has moved more than 2 SD below its usual relationship with the SPY. Limit order entry at 10.21 (requires a 3.88% pullback - unlikely to fill) Stop loss at 9.91 (risk of 2.87%) Target exit (r1) at 11.03 for a potential profit of 8.03%. Reward-to-Risk ratio: 2.80 ORDER FILLED AT 10.21. STOPPED OUT AT 9.91 FOR A LOSS OF 2.87% BVN - Scored 2/6 on the Connors filters, and closed below its lower BB(20,2). Limit order entry at 35.75 (requires a 1.07% pullback) Stop loss at 35.37 (risk of 1.08%) Target exit (r2) at 37.55 for a potential profit of 5.02%. Reward-to-Risk ratio: 4.64 ORDER FILLED AT 35.75. CLOSED AT 36.44 FOR A GAIN OF 1.93% NO SHORT POSITIONS FILLED AT ALL THIS WEEK Net loss for the week - -0.07% ($19.23 on a total of $25,000 invested). This is the first week since I began tracking this approach that it has ended up in negative territory, although in this case the loss is awfully small. |
| Kevin_in_GA 4,599 posts msg #95519 - Ignore Kevin_in_GA modified |
8/8/2010 10:50:58 PM A little frustrated by my recent inability to get equal long and short trades placed, because I am waiting for a pullback or rise that does not come. Thus, I am going back to a simpler system – 1) buy at open, 2) set a 3% stop loss and a 6% profit target, 3) close all trades by end of trading on Friday. LONG plays for this week (4 for Monday): ABMD STAA CRR ABV SHORT plays for this week (4 for Monday): PXP AUXL RGLD ZLC Let's see how this goes - this is basically what I did in the beginning, but I used stops based on the ATR(10). |
| duke56468 683 posts msg #95522 - Ignore duke56468 |
8/9/2010 9:28:17 AM Thanks Kevin, I appreciate you sharing all that work with us on this filter. |
| Kevin_in_GA 4,599 posts msg #95527 - Ignore Kevin_in_GA |
8/9/2010 10:35:24 AM In at the open on all 8 trades - easy to do when you are paper trading! I will most likely wait till the end of the day to put stops in - last week I got hit too quickly on them. If any are more than 3% down from the open at the end of the day, I'll close them out as if they were stopped out. |
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