StockFetcher Forums · Filter Exchange · 1 month low filter<< 1 2 3 4 5 ... 6 >>Post Follow-up
kossvet
31 posts
msg #147752
Ignore kossvet
5/9/2019 4:08:16 PM

Picked up 3 DIS July 135"s at end of day for 4.60

graftonian
810 posts
msg #147753
Ignore graftonian
modified
5/9/2019 5:25:14 PM

robert, I just cannot help myself when it comes to tinkering. If you don't want me mucking up your thread, I could post elsewhere.
Graf

Fetcher[
/*kosvet filter mods*/
/**/chart-time is 2 years
Show stocks where high reached a new 1 year high within the last 2 weeks
set{dayssince1yrhi, days(high reached a new 1 year high, 10)}
add column dayssince1yrhi

and cma(high,6) has been decreasing for the last 2 days
set{cmahi6, count(cma(high,6) < cma(high,6) 1 day ago, 2)}
draw cmahi6

and cma(low,2) was lower 1 day ago
set{cmalo2, count(cma(low, 2) < cma(low, 2) 1 day ago, 1)}
draw cmalo2

and close has been above ma(50) for the last 10 days
set{clsabvma50, count(close > ma(50), 10)}
draw clsabvma50

and Average Volume(90) is above 500000
and price is between 10 and 500
and draw ma(10)
and draw ma(20)
and draw ma(50)

and stock is optionable
/* We could add up the previous conditions for a buy into a single go/no-go filter that could be visually back checked using the 'historical" button */

/*condition 1: 6 days since 1 year high */
set{cond1, count(dayssince1yrhi equals 6, 1)}
/* condition 2: cmahi6 has been decreasing for the last 2 days */
set{cond2, count(cmahi6 equals 2, 1)}
/* condition 3: cmalo2 less than cmalo2 1 day ago */
set{cond3, count(cmalo2 equals 1, 1)}
/* condition 4: close has been above ma(50) for the last 10 days */
set{cond4, count(clsabvma50 equals 10, 1)}
/* and lastly, SFs work around "and" statement */
set{bingo1, cond1 * cond2}
set{bingo2, bingo1 * cond3}
set{bingo, bingo2 * cond4}
draw bingo
bingo > 0
]



kossvet
31 posts
msg #147754
Ignore kossvet
5/9/2019 6:13:10 PM

Thanks again Graf
I checked thru the candidates, and I picked GLPI. I will probably make an initial commitment tomorrow.
With this Chinese trade deal going sour, I need to be careful. Probably trade it at the end of the day.
As usual $1200 to start her off with.


graftonian
810 posts
msg #147761
Ignore graftonian
5/10/2019 10:42:06 AM

robert, try adding the following to your filter:

add column corr(^spx,200,close)
draw corr(^SPX,200,Close)

It appears that a strong correlation to the market has an effect on candidates, even to the point of turning the filter into a "put/call" indicator. Your filter certainly finds the inflection points, now to determine the direction of the run.
Graf


kossvet
31 posts
msg #147762
Ignore kossvet
5/10/2019 2:15:33 PM

I traded for years using indicators, and on balance I lost money.
The indicators are determined by the price movement of the stock.
Some indicators lag the price considerably, and to me are unreliable.
When I have back tested these ideas, and they sure looked profitable.
But when I put it into practice, it's a completely different story.
I found myself constantly double thinking my trade, not allowing the filter to play out.
In hindsight, maybe it was my own double-thinking that did the filter injustice.
I set out to create a filter that is self-timing,without the assistance of any indicators.
The indicators to me, are a visual aid.
Indicators do have their place.
Since I have been trading this self timing system, I feel very comfortable in a trade, knowing if I don't win this time around, next time will be a different outcome.
Is it just me, or has anybody else experienced these types of doubts in their system?



shillllihs
4,584 posts
msg #147763
Ignore shillllihs
5/10/2019 2:37:25 PM

Some indicators work it's just people hold losers longer than winners.

Cheese
402 posts
msg #147768
Ignore Cheese
5/10/2019 4:08:16 PM

@kossvet,

Count me in as been there, done that, still doing it.

According to some of her students' notes, Linda Bradford Raschke likened indicators to crutches.
Crutches help us walk when we are still wobbly. But we are supposed to wean ourselves off crutches,
and just because we can walk with a couple of crutches does not mean we should have twenty.

Years ago, somehow I came across an original black and white copy of ' trading diary
with endless scrolling from the beginning to the end. I seemed to remember from that original diary that Marlyn was a former Marine, came back from the war, pretty much abandoned by his own country,
and learned trading while working as a truck driver. He diarized the ups and downs of his roller coaster journey, and retired after making $2.5 million which would be worth around $25 million today.
Anyway, maybe I mixed up stories.

There are still some good Marlyn Trades reference material
http://filteringwallstreet.blogspot.com/
https://www.stockfetcher.com/sfforums/?mid=53945&showall=1
https://www.stockfetcher.com/forums/General-Discussion/hey-rump/53919/-1/53943
https://www.stockfetcher.com/sf/search.php?q=marlyn&filter=&sort=

graftonian
810 posts
msg #147769
Ignore graftonian
5/10/2019 4:11:56 PM

Robert, This AM opened a 39/40 diagonal call in GLPI for .70, and closed at the bell for .90. Not bad considering the wide bid/ask spreads. Thanks for the tip :-)

kossvet
31 posts
msg #147772
Ignore kossvet
5/10/2019 5:33:48 PM

I'm happy for you. Good Job.
I don't have time during the day to monitor my trades.
PLD is in the sweet spot. Will definitely play this Monday.
I have no position in GLPI

kossvet
31 posts
msg #147783
Ignore kossvet
5/13/2019 1:47:57 PM

filled PLD 5 Jun 21, 75 calls 1.90

StockFetcher Forums · Filter Exchange · 1 month low filter<< 1 2 3 4 5 ... 6 >>Post Follow-up

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