Mactheriverrat
3,157 posts
msg #159585
- Ignore Mactheriverrat |
9/13/2022 9:00:05 PM
Well after reported higher inflation for August and the market selloff today means more pain for anything Bullish for now. Being a election year it all figures
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snappyfrog
731 posts
msg #159586
- Ignore snappyfrog |
9/13/2022 10:35:16 PM
Agreed
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xarlor
587 posts
msg #160176
- Ignore xarlor |
3/24/2023 9:28:01 AM
snappy, I've modified your original filter and been using it for several months now and it's a damn solid swing trade filter. Big kudos to you for discovering and introducing us to this creative way of using ADV/DEC ratio as entries!
My strategy ignores RSI(14). Yes, it will occasionally get you in a fake, but I'd rather take the small loss than miss a good run. What's a good run? A 100% profit, which has happened several times since I started using the filter in October 2022.
I use the filter to inform an entry on TQQQ. I know the filter is based on SPY, but SPY and QQQ follow each other close enough to work. Using TQQQ allows for larger profits (and losses!).
My rules:
Buy ATM TQQQ call 45 DTE after low_match_today is blank following a tick yesterday
Buy ATM TQQQ put 45 DTE after high_match_today is blank following a tick yesterday
(when buying, you're also selling to close the previous position if you still hold it)
There is still some judgement required on exiting early to lock in profits. For example, if I'm at a decent profit, I'm likely to exit as soon as a tick on the opposing side appears instead of holding until the blank.
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snappyfrog
731 posts
msg #160179
- Ignore snappyfrog |
3/24/2023 9:10:25 PM
Thanks for your kind words. I wish I could see what you are seeing, but this requires an advanced subscription.
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snappyfrog
731 posts
msg #160182
- Ignore snappyfrog |
3/25/2023 8:29:09 AM
I do understand what you are doing. I looked at it for QQQ before and it worked fine.
I didn't consider doing it on the leveraged products like TQQQ. Nice wins for you at 100%. I love that.
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hectorlopez9
1 posts
msg #160184
- Ignore hectorlopez9 |
3/25/2023 11:26:26 AM
Stupid question. How do I add your filter to MyFilters?
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Mactheriverrat
3,157 posts
msg #160185
- Ignore Mactheriverrat |
3/25/2023 10:02:52 PM
@ hectorlopez9
Click so his filter will load. Then hit save and use a name for it.
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Mactheriverrat
3,157 posts
msg #160186
- Ignore Mactheriverrat |
3/25/2023 10:02:52 PM
@ hectorlopez9
Click so his filter will load. Then hit save and use a name for it.
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snappyfrog
731 posts
msg #160223
- Ignore snappyfrog
modified |
3/31/2023 1:28:59 PM
xalor,
I see the TQQQ Apr 21 $22 call bought on the signal on Mar 14th cost $220 at open and is now worth $610 if held through the pullback.
Very nice! Hope you held through today!
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xarlor
587 posts
msg #160225
- Ignore xarlor |
3/31/2023 3:15:22 PM
Hah! Not holding. I did buy 23 CALLs on 3/14. However, I sold at the open on 03/23 when the PUT side triggered the day before. Got a cool 102% profit, so I'm not even mad.
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