davesaint86
725 posts
msg #158899
- Ignore davesaint86
modified |
3/27/2022 2:50:55 PM
Here is the V1 & V2 Gossett video.
Gosset stated to me that Kerry Lovvorn told him in reality one could find 1-3 good V1 or V2 setups per week. Below are some of the criteria which separates the good from the bad ones. I should also mention that Gosset looks for a confluence of other buy signals in all of his strategies. For example with a V2 buy signal the MACD may be signaling a buy along with a major moving average cross.
https://www.youtube.com/watch?v=g0NbCVTfvXg&list=PLkb1P7LeRBLLH1hPwxGAKWLQwjjwAyOeO&index=8
During my search I found plenty of V1 and V2 signals.
V1 & V2 Return to Value Zone
Price comes back from above into the Value Zone (+1 & +-1)
Price should consolidate at least two days
Look for a rejection of -1 Keltner line – increases the odds
If the Day 1 bar is larger than 1 ATR do not take the trade – it is a distribution bar
Close above the +1 ATR – which means closing above value
Price comes back from above +1 ATR into the Value Zone (+1 & +-1)
Price should consolidate for at least two days
Look for a rejection of -1 Keltner line
If the Day 1 bar is larger than 1 ATR do not take the trade – it is a distribution bar
The End of the Day Stop is the is a close at the Midpoint of Bar 2 Washout Bar
If the buy bar closes above the +1 ATR channel do not take the trade
Sideways motion leads to trends
V1 and V2 are false breakouts to the downside than reverses (Cause traders to sell their positions)
Valid V2 with good consolidation of three days after coming into the Value Zone from above. The best V1 and V2 signals have no gaps. Gap should gap a ¼ of an ATR or less.
https://www.youtube.com/watch?v=g0NbCVTfvXg&list=PLkb1P7LeRBLLH1hPwxGAKWLQwjjwAyOeO&index=8
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nibor100
1,010 posts
msg #158958
- Ignore nibor100 |
4/10/2022 2:16:19 AM
@davesaint86,
Here is my work in progress Backtest filter for your earlier posted V1 filter and most likely requires the SF advanced subscription to run.
It supposed to show all stocks that had V1s in the past 221 days (just chosen for testing will eventually be 252) and how many times they had a V1 and how many of those V1s were next day winners or next day losers.
The sinctru12 column needs the most work, but you can get a feel for it by sorting the total hits column Ascending and choose to look at a stock that has a sinctru12 # greater than 1. Add 1 to that # and enter it as the Offset number of days in a separate window that contains your original V1 filter when you run your V1 filter on that day that same stock should come up.
Let me know if you have any questions or any other comments,
Ed S.
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davesaint86
725 posts
msg #158966
- Ignore davesaint86
modified |
4/10/2022 5:10:09 PM
https://www.tradingview.com/x/XdVGeph3/
https://www.tradingview.com/x/6jXD1RHS/
https://www.tradingview.com/x/csFGjZ7X/
https://www.tradingview.com/x/nM1hIM8b/
https://www.tradingview.com/x/WsgQWD66/
https://www.tradingview.com/x/6288O3ik/
Nice.
There are Return to Value V1 / ss and Higher Low V1 /V2s. The criteria for both are shown in the links, along with examples I've created with notes.
With Return to Value V1/V2s, price moves into the Value Zone (between the +1 and -1) ATR bands from above. Price is supposed to consolidate at least two days before a new V1/V2 are created. I was not able to figure out how to add this to the filter, which is important to see. So the current V1 and V2 filters return many invalid signals so I think the filters need to be corrected. However, what is funny, is that I've been monitoring the invalid signals and many still spike up for at least one day.
With the Higher-Low V1/V2s price comes into the Value Zone from below. No consolidation is needed, just the spike-down candle needs to be a higher-low.
Davesaint
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davesaint86
725 posts
msg #158967
- Ignore davesaint86
modified |
4/11/2022 10:36:56 AM
https://www.tradingview.com/x/JVUVS5Nz/
Here is a valid (if it closes like this by the end of the day) Return to Value V1 trades. Price also bounced off the 50(MA).
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nibor100
1,010 posts
msg #158974
- Ignore nibor100 |
4/12/2022 7:15:06 PM
Looks like it just missed being a V1 yesterday and can’t be a V2 today because of a large gap up?
Thanks
Ed S.
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davesaint86
725 posts
msg #158975
- Ignore davesaint86 |
4/12/2022 7:41:16 PM
Correct. It still popped over 5% today before going back down.
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