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General Discussion · ^SPX or SPY Comparison Crossover
nibor100
msg #159208
6/12/2022 3:55:51 PM

@snappyfrog,

1. With the info you posted about the SF "compare" feature, i decide to look at the VectorVest Performance graph option, for both your original posted chart on WTI (which had 2 good looking crossovers) and your 2 AMD charts and the VV performance charts for the identical timeframes were almost mirror images of those SF compare charts.

The VV performance charts are just computed %change of any stock or industry from a common date starting point so actually very easy to compute, unfortunately as we can all see in your 2 AMD charts, crossover are very dependent on the starting date chosen for the comparisons, so probably not too useful for making buy or sell decisions.

The comparison of a stocks relative strength to that of the Spy/^INX is probably a more useful tool and is a key part of the Stan Weinstein methodology.

2. I don't know if the "KING" has been following this thread, but another thing that could be fixed by new SF staff would be the fact that these 'Compare" subgraphs when viewed in chart mode of filter results are not the same subgraphs shown when opening the same charts in full chart window mode (very odd...)

Ed S.

General Discussion · ^SPX or SPY Comparison Crossover
nibor100
msg #159197
6/11/2022 1:44:34 AM

@snappyfrog,

Unfortunately, the crossovers you see on your early charts for ^SPX are not real as SF dropped using it as the index symbol for the SP500 in late 2020, the new symbol is ^INX.

Because of the way SF charts retain historical data they continue to draw the ^SPX chart lines which are correct prior to end of Dec 2020 but from that point on they are just a straight meaningless horizontal line with a value of -100.

The 2 short filters below when compared after they are expanded to the 2yr view will show that fairly clearly.

Ed S.

Fetcher[
apply to symlist(spy)
show stocks where comparative relative strength(^SPX,45) is above 0
and compare with ^inx
]



Fetcher[
apply to symlist(spy)
show stocks where comparative relative strength(^SPX,45) is above 0
and compare with ^spx
]





General Discussion · ^SPX or SPY Comparison Crossover
nibor100
msg #159195
6/10/2022 5:39:25 PM

@snappyfrog,
I thought you had given up on this quest so I stopped looking into it so I’ll investigate a little further.

If you have the StockFetcher app you can see the values for those lines, 1 day at a time by slowly dragging the chart to the right.

Ed S

Filter Exchange · 5% A WEEK FILTER (BASED ON TRO'S CROCK POT)
nibor100
msg #159182
6/8/2022 12:59:49 PM

That explains why my results don’t match yours!
Thanks,
Ed S

Filter Exchange · 5% A WEEK FILTER (BASED ON TRO'S CROCK POT)
nibor100
msg #159169
6/6/2022 5:53:12 AM

@sr7,
When I run Kevin's filter from his initial post on page 1 of this thread, I get 42 results and none of those results are

Stng
Oec

nor are

Dino and Pbf included in those results.

Did you run that filter for 3 June to get those results or are you running a different version of Kevin's filter?

If you post the specific filter you are running that would be a big help.

Thanks,
Ed S.



General Discussion · Gossett Trading & Mentoring - 2/12/22 - Review of last week's stock trades & potential stock trade set ups for the upcoming week
nibor100
msg #159082
5/17/2022 11:01:27 AM

Below is the prior set of questions and Gossett answers:
Ed S.

">>Hi Ed,
>>Below please find my answers to you questions and comments.

a. The primary reason I asked my last question 1, about getting out before earnings on one of your monthly trades, is because I recently watched a couple of your January weekly videos and it appears that you kept your monthly trade in XOM way past its October 2021 earnings date; so I thought that perhaps keeping track of monthly earnings dates is harder since you focus on the end of the month for certain aspects of your monthly trades. If you look at the 1/9/22 video around minute 17 you'll see what I saw.

>>Yes, I did miss getting out of XOM before earnings. It was simply an oversight.

b. Regarding your answer to my last question 3, I was able to find a brief paper that a trader of some renown, Linda Bradfor Raschke, had written about Keltner channel trading and in that paper she stated that her research indicated the following:

" I put Keltner Channels set at 2.5 times the 20-day average daily range centered around the 20-period EMA. This is set wide enough so that it contains 95% of the price action. In flat trading markets, as indicated by flat moving averages, it serves as a realistic objective to exit positions. However, I find its greatest value is in functioning as a filter to signal runaway market conditions, much as a rising ADX would do."


>>I know Linda and she was also a student of Dr. Elder’s so I imagine that is where she learned about the Keltner Channel percentages. Again I was taught that the 3rd Keltner Channel contains 92% of the price action.

c. In your latest weekly video, you run several ETF Replay moving avg backtests for TSLA and appear to come away with the opinion that they are positive backtests whereas I look at the same backtests and come away with the opposite opinion, especially considering how you trade.
Taking the TSLA ETF replay backtest on crossovers of the 300 day moving avg as an example:

1. In the top left below the ETF Replay equity chart is a Pie Chart display of Winning vs. Losing Trades and it shows that almost 87% of those crossover trades are losers for TSLA. Or in this instance for TSLA out of the 45 possible trade entries in its history, only 6 of those would have positive gains.

2. In the bottom left display it shows avg days in trade, which is important to the way you trade, as for most of these longer moving avg crossover trade backtests, the Avg Days in Trade for winners is much, much longer than you would ever be in most of your stock trades, due to your policy of getting out before earnings, ie. 63 days in trade at most. Of course, if one is not in those long winning trades for the full time, the Return % chart would change to much lower values.


>>Those winning percentages and profit and loss numbers on ETF Replay are based on a mechanical system. All that I look at ETF reply for is to see if the entry produced a profit. This is enough for me to enter. I do not hold these long term in a mechanical fashion. I phase out at certain profit targets and I have trailing stops. Again, I use ETF reply just to see if the entry has an edge.

c. Also, due to your method of looking for a confluence of signals to enter a trade, there is a likelihood that you would not have gotten into some of those 300 moving avg crossover trades, winners or losers.


>> Yes that is true on the whole. I do favor entries that have combinations and convergences of signals as they improve the likelihood of profitable trade."

Filter Exchange · Bottom Filter
nibor100
msg #159081
5/17/2022 10:38:10 AM

1. My assumptions are that:

Intraday/real time data will definitely cost more to get for daily options, and will probably have exchange fees that users will have to pay and more costs depending on how much intraday data history we would desire, can't draw much of a chart with just the current days data...

With so much more data, probably being accessed much more frequently than current during the day access by SF users, more servers will probably be required and perhaps more computer staff.

perhaps more programming to make sure charts with intraday data work alongside the daily and weekly charts and/or more help desk requests.

Though we are getting Intraday 20 minute delayed data currently, just not in any kind of minute timeframes that are drawn on the charts...so maybe it won't be much more expensive.

2. I wonder if the data provider can provide some insight into the current number of SF users as perhaps they size their data provision agreements by different levels of user numbers.

Ed S.





General Discussion · Gossett Trading & Mentoring - 2/12/22 - Review of last week's stock trades & potential stock trade set ups for the upcoming week
nibor100
msg #159076
5/16/2022 8:32:41 PM

Well the answer to question 1 was an avoidance answer, he could have still answered how he had done it, but his answer did confirm what I suspected, is that he doesn't track his trades so he can't possibly learn from his losers or his winners in order to improve. 5 months of predominantly losing trades could teach him a few things if he was open minded. I bet all 3 of his one on one trading instructors advised him strongly to keep records in order to be the best trader he could be.

Question 2 was answered,

Question 3 was vaguely answered as after all, his Value Zone is the range between 1 ATR and -1 ATR around the 20 day avg and yet he can't attribute it to the specific person who told him about it. Seems odd since it is such a key part of trading regime.

He only answers my questions on Sunday evenings/nights so a long wait each week and I probably won't be asking him anymore questions.

I'll post some of his answers to my 2nd round of questions that you'll probably get a charge out of.

By the way, in one of his last 2 weekly videos he praised his recent student David :).

Thanks,
Ed S.

Filter Exchange · Bottom Filter
nibor100
msg #159075
5/16/2022 8:17:02 PM

That is probably one of the 2 most expensive improvements to add to SF, and would probably price out 40% of current users, I'm guessing...

Thanks,
Ed S.



General Discussion · Gossett Trading & Mentoring - 2/12/22 - Review of last week's stock trades & potential stock trade set ups for the upcoming week
nibor100
msg #159065
5/16/2022 12:05:11 PM

My most recent round of questions and answers to and from G. Gossett...500 trades a day sounds like an awful lot to me:

Ed S.

"Hi Ed,
Trading is mixed.
Swing trades have been down last months but thankfully I have had a record day trading month so far.

So I have answered your questions below in green.

1. Since Dr. Elder is very keen about record keeping, I was trying to set up a spreadsheet to document your trades presented in your weekly video series, as well as my own, and I'm kind of stumped on how to easily handle documenting the Partial Profits 10% position reductions, at 0.45 ATR levels above prior closes, as well as the various levels of Trailing Stop mode reductions of 50% of remaining position off, as it appears in some cases you reduce by 50% as many as 3 times in one trade.
Could you explain how you document keeping track of those items trade by trade?

Yes it is hard to keep track of it all with profit targets and trailing stops.
To be honest I used to enter all the trades into my platform so I could get all of the stats but I don’t do it anymore.
One entry and one exit is pretty easy but with my day trading I some times place up to 500 trades a day to it consumes too much time to enter them all in.
That being said it definitely is a good practice to enter your trades each day. (unless you make 500 trades a day like me)

2..Related to the same subject, I found looking at a couple of your older daily videos that you sometimes took 6, to 7 or more 10% profit targets during a given stock's day trade, but that you seem to only set 3 levels of 10% profit targets on your weekly videos relating to the various swing trades.
So, do you take a maximum of 3 profits targets per day per trade on the swing trades, if the price moves enough or more?

My standard practice is to only set three profit targets per day. It is very rare to hit all three but that is my process. Yes there are time that I hit more than three and in those situations I manually just add the 4th, 5th, 6th etc. intra-day if and when they happen.

3. Did you get your Value Zone range idea for the +1 and -1 ATR/Keltner Bands from Dr. Elder, or Steve Burns, or Kerry Lovvorn? Or is it your own technique?

I got this mainly from Kerry Lovvorn who is Dr. Elder’s trading and business partner.
Dr. Elder uses them as well but I mainly learned this from Kerry.
Hope that these answers helped Ed.
Have a great upcoming week!

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