| StockFetcher Forums · Filter Exchange · MODIFIED CONNORS RSI(2) FILTER | << 1 ... 17 18 19 20 21 ... 22 >>Post Follow-up |
| Kevin_in_GA 4,599 posts msg #95912 - Ignore Kevin_in_GA |
8/31/2010 4:17:27 PM Connors suggests buying at close of the day and you (Kevin) mentioned screens buying at either close or open following. Question(s) is/are this: 1) Have you found through your screening that one offers advantage over the other (entering at close or open). 2) I've had a few instances where the close marks a great entry but the morning following has already risen or fallen as suspected prior to the open and I miss out on the potential. Do you have a method or is there a way to screen intraday in order to potentially make fills at the close? +++++++++++++++++++++ 1) I addressed this in another thread dedicated to Connors' filters. SF backtesting uses the open of the day following the signal, and so that is how all of my backtest results are constructed. Because of the delay in SF data, you really can't use it to buy at the close unless the signal is really obvious. 2) You can set a limit entry order to catch a 1% pullback from the previous day's close - these will not always fill, but if they do you are ahead of where you would be if you bought at the close. As you can see from my posts in this thread, I have used this approach with some decent results, but it makes it hard for me to insure dollar neutrality in the long and short trades. To me, that neutrality is the key to achieving low volatility and consistent gains each week. |
| Kevin_in_GA 4,599 posts msg #95923 - Ignore Kevin_in_GA |
8/31/2010 10:38:07 PM 8-31-2010 UPDATE: LONG PLAYS: TAP - in at 43.70, closed today at 43.56 for a loss of 0.50% PEP - in at 64.09, closed today at 64.18 for a loss of 0.04% LULU - in at 33.94, closed at 32.87 for a loss of 3.32% INFY - in at 57.50, closed today at 57.28 for a loss of 0.56% SHORT PLAYS: SUNH - in at 8.57, closed today at 8.10 for a gain of 5.30% Close below MA(10) - will cover tomorrow at the open. COT - in at 6.91, closed today at 6.87 for a gain of 0.40% CRZO - in at 21.26, closed today at 20.95 for a gain of 1.28% BR - in at 21.37, closed today at 21.35 for a loss of 0.09% All trades above include a commission cost of $8.95 per trade. Net gain/loss so far this week - gain of 0.31% ($123.90 on $40,000 invested) Replacement short play for tomorrow - FAF - not the highest composite score (all of those are gold stocks, and it makes me nervous to short them right now), but scored 2/6 on the connors filters and is more than 2 SD from its usual relationship with the SPY. |
| Kevin_in_GA 4,599 posts msg #95928 - Ignore Kevin_in_GA |
9/1/2010 9:04:48 AM Target entry for FAF - 15.00. Market futures indicate a gap up, so I'll see if it will rise ~1% before I short it. |
| Kevin_in_GA 4,599 posts msg #95929 - Ignore Kevin_in_GA modified |
9/1/2010 9:40:20 AM Futures being as high as they were, I decided to hold off on covering SUNH until a little later in the day. It opened at 8.19, but quickly dropped back down to 8.14 within a minute or two. 9:38 - note. Covered here at 8.06. FAF had not hit 15.00 just yet, trading at 14.92. EDIT: In FAF at 15.00. Now trading at 15.08 (10:09 AM). |
| Kevin_in_GA 4,599 posts msg #95932 - Ignore Kevin_in_GA |
9/1/2010 11:19:27 AM (11:19 AM) Both INFY and PEP are currently trading above their MA(10). If they remain so, I will close them out at a profit at the end of today (I might as well use this large up move today to my advantage). All of the short plays are trading higher today, which is offsetting much of the gains from the long plays. All were net gains as of yesterday but are now all net losses. FAF is still trading higher, but my exit of SUNH at 8.06 was well-timed and should cover any damage. |
| Kevin_in_GA 4,599 posts msg #95937 - Ignore Kevin_in_GA |
9/1/2010 4:03:42 PM Out of INFY at 59.70 and out of PEP at 64.90. TAP almost closed above its MA(10), but pulled back a just smidge before the close. Still in it, but reserve the right to sell at the open tomorrow. |
| Kevin_in_GA 4,599 posts msg #95944 - Ignore Kevin_in_GA |
9/1/2010 10:00:31 PM 9-1-2010 UPDATE: LONG PLAYS: TAP - in at 43.70, closed today at 44.73 for a gain of 2.17% PEP - in at 64.09, SOLD today at 64.89 for a gain of 1.07% CROSSED MA(10) - SOLD AT THE CLOSE TODAY LULU - in at 33.94, closed at 33.71 for a loss of 0.86% INFY - in at 57.50, SOLD today at 59.70 for a gain of 3.64% CROSSED MA(10) - SOLD AT THE CLOSE TODAY SHORT PLAYS: SUNH - in at 8.57, COVERED this morning at 8.06 for a gain of 5.95% COT - in at 6.91, closed today at 7.17 for a loss of 3.93% CRZO - in at 21.26, closed today at 21.97 for a loss of 3.51% BR - in at 21.37, closed today at 21.58 for a loss of 1.16% FAF - in at 15.00, closed today at 15.55 for a loss of 3.84% All trades above include a commission cost of $8.95 per trade. Net gain/loss so far this week - loss of 0.09% (down $42.14 on $45,000 invested after commission costs of $107.40). Not sure if I will replace the two long plays closed out today. If I do, it will be looking for a 1% pullback off of today's close on the following stocks: CSTR - scored 5/6 on the new Connors filters, is below the LBB(42,2), and is more than 2 SD below its usual relationship with the SPY. Entry would be at 41.40, stop loss at 40.15, and profit target at 44.00 ULTA - scored 2/6 on the new Connors filters, and is more than 2 SD below its usual relationship with the SPY. Entry would be at 22.00, stop loss at 21.35, and profit target at 23.35 |
| Kevin_in_GA 4,599 posts msg #95957 - Ignore Kevin_in_GA |
9/2/2010 10:31:03 AM ULTA - scored 2/6 on the new Connors filters, and is more than 2 SD below its usual relationship with the SPY. Entry would be at 22.00, stop loss at 21.35, and profit target at 23.35 ++++++ Order filled at 22.00. Already hit profit target (6%) at 23.35. SOLD at 23.35. |
| Kevin_in_GA 4,599 posts msg #95970 - Ignore Kevin_in_GA |
9/3/2010 9:15:37 AM 9-2-2010 UPDATE: LONG PLAYS: TAP - in at 43.70, closed today at 44.75 for a gain of 2.22% CLOSED ABOVE MA(10) - WILL SELL TODAY, BUT WILL WAIT TO SEE IF IT GOES ABOVE 45 BASED ON FUTURES LOOKING VERY POSITIVE PEP - in at 64.09, SOLD today at 64.89 for a gain of 1.07% CROSSED MA(10) LULU - in at 33.94, closed at 34.36 for a gain of 1.06% INFY - in at 57.50, SOLD at 59.70 for a gain of 3.64% CROSSED MA(10) ULTA - in at 22.00, SOLD at 23.35 for a gain of 6.01% (PROFIT TARGET HIT). SHORT PLAYS: SUNH - in at 8.57, COVERED this morning at 8.06 for a gain of 5.95% COT - in at 6.91, closed today at 7.08 for a loss of 2.63% CRZO - in at 21.26, closed today at 22.37 for a loss of 5.39% BR - in at 21.37, closed today at 21.87 for a loss of 2.51% FAF - in at 15.00, closed today at 15.66 for a loss of 4.57% All trades above include a commission cost of $8.95 per trade. Net gain/loss so far this week - gain of 0.21% (up $106.01 on $50,000 invested after commission costs of $125.30). Should have used profit targets on several of the shorts this week. CRZO was at 5+% profit earlier this week, now trading at a 5+% loss. |
| Kevin_in_GA 4,599 posts msg #95971 - Ignore Kevin_in_GA |
9/3/2010 9:40:43 AM Out of TAP at 45.03 for a gain of 3.04%. |
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