Kevin_in_GA
4,599 posts
msg #130195
- Ignore Kevin_in_GA |
7/31/2016 9:18:39 PM
technical analysis alone is never going to be 100% foolproof. there are 3 elements effecting stock price and you guys only look at technicals. 1) fundamental analysis, 2) analyst recommendation of stock and 3) technical analysis. there is a reason why some ETF's continually show up on your filters but don't bounce.
Not really sure what your point is here. I don't disagree that analyst ratings and fundamentals are useful, but over much longer trading timeframes than what is being discussed here. And it was fairly clearly stated by several folks already that there is no foolproof filter (you see - Shill and I can actually agree on something.)
This is a technical analysis website, and while there is some fundamental data you can call up it is most likely out of date and not all that useful in short-term trading anyway. However, no one is preventing you from using these added elements in your own trading if it gives you an edge.
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Kevin_in_GA
4,599 posts
msg #130200
- Ignore Kevin_in_GA |
8/1/2016 9:49:00 AM
I set 1% profit targets for IART, HWAY, OSK and SBP before the open just to hopefully catch a modest gain.
09:35 - Closed out OSK at 54.59 for a gain of $196 after commissions.
09:39 - Closed out HWAY at 16.63 for a gain of $192 after commissions.
Should have also taken a trade in GTLS which popped up intraday on Friday - now down 2.5%.
Other trades still in play.
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pthomas215
1,251 posts
msg #130201
- Ignore pthomas215 |
8/1/2016 10:32:54 AM
Kevin, my point was that sometimes overall market conditions are what is preventing the stocks/etf's from doing what they should do, given their fundamentals. i.e. oil related stocks looked good on friday but they are all down today due to the nature of oll futures. I suppose I just did the opposite of most ppl here. Deep background in business, understand fundamental analysis but am new to technical. I made a fortune on INO and CERS. they were not in one filter.
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johnpaulca
12,036 posts
msg #130202
- Ignore johnpaulca |
8/1/2016 12:56:11 PM
johnpaulca
9,944 posts
msg #130129 7/28/2016 11:43:05 AM
EXAS....could run above $18($18.26ish)
******************************************************************
now trading at $18.15....that was close!
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Kevin_in_GA
4,599 posts
msg #130203
- Ignore Kevin_in_GA |
8/1/2016 12:56:32 PM
Intraday signal for NWL. Currently at 54.30.
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ThaGekko
139 posts
msg #130205
- Ignore ThaGekko |
8/1/2016 4:00:09 PM
Bought NWL Puts 52.50 for .50
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Kevin_in_GA
4,599 posts
msg #130206
- Ignore Kevin_in_GA |
8/1/2016 4:03:07 PM
Damn - missed the NWL order since I was doing something else right at the close.
Closed out IART at $84.63 for a loss of $46 and SBP at $129.003 for a loss of $1. Net gain on the day was $341.
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ThaGekko
139 posts
msg #130208
- Ignore ThaGekko |
8/1/2016 4:32:24 PM
Nice Kevin - NWL looking juicy AH
BTW are you implementing any of your other filters at the moment? Pangolin-Z/W or your Z-score system filter or Pair trading?
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Kevin_in_GA
4,599 posts
msg #130209
- Ignore Kevin_in_GA |
8/1/2016 4:32:59 PM
johnpaulca
9,944 posts
msg #130129 7/28/2016 11:43:05 AM
EXAS....could run above $18($18.26ish)
******************************************************************
now trading at $18.15....that was close!
Just goes to show you that there are two sides to every trade. I made money on the short side while others made money on the long one. Good call, man!
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Kevin_in_GA
4,599 posts
msg #130210
- Ignore Kevin_in_GA |
8/1/2016 8:24:13 PM
A slight improvement to this filter. I notice that it seems important that the second day above the upper BB(20,3) be at a volume below that of the previous day (perhaps a sign of buyers dropping off?). Also that both days above the upper BB(20,3) come at a higher volume than normal.
Also added a profit target of 1% for those who just want to catch a smaller but usually quicker gain. That is of course easily adjustable in the code.
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