Eman93
4,750 posts
msg #130074
- Ignore Eman93 |
7/26/2016 7:25:05 PM
Bought the gap down on ERX! Sold half into the close. Crude inv on deck 10am.
Kevin break of upper bb is long term bullish and is a buy signal for top rsi stocks. That's the turtle trade.
|
Kevin_in_GA
4,599 posts
msg #130075
- Ignore Kevin_in_GA |
7/26/2016 7:29:59 PM
Yes, but if it occurs several days in a row it usually triggers a one or two day sell-off that is a relatively high probability trade. Note that in this paper trade I will be out at the close tomorrow. No longer term strategy used on this one.
|
Eman93
4,750 posts
msg #130087
- Ignore Eman93 |
7/27/2016 12:14:43 PM
I get it. I was just pointing it out if you didn't know. So sell the pop and buy the dip!
|
Kevin_in_GA
4,599 posts
msg #130089
- Ignore Kevin_in_GA
modified |
7/27/2016 2:00:08 PM
Pretty much, although I am only focusing on short trades with this one.
Intraday Update as of 1:58 PM EST:
AMD - down 3.30%
S - down 8.96%
SPHS - down 5.59% (although this one technically did not qualify since it collapsed back below its Upper BB by the end of the day yesterday).
|
shillllihs
6,093 posts
msg #130090
- Ignore shillllihs |
7/27/2016 2:05:00 PM
Fantastic, share your marvelous filter...
|
Kevin_in_GA
4,599 posts
msg #130091
- Ignore Kevin_in_GA |
7/27/2016 2:18:26 PM
I wouldn't call it marvelous just yet ... anyone can occasionally get three wins on a given day.
The filter is not any rocket science. It simply looks for optionable, liquid stocks that have closed above their upper BB(20,3) for the last two days. I have not run this one through my usual backtesting in StrataSearch, and you need to look at each stock just in case the big move is triggered by an event that is likely to resist mean-reversion (e.g., a buy out or merger).
Here you go:
Today you would avoid LOGM since it has moved based on a buyout from Citrix, but the others are looking reasonable for a short term pullback. Doesn't always happen, but it happens more often than not, and at a bigger return than what you might lose when the stock moves higher. Occasionally there is another big move up (like 8-10%) and in that case I probably would double down.
The user-defined variable tradesize can be set for whatever your typical trading size might be.
|
Kevin_in_GA
4,599 posts
msg #130094
- Ignore Kevin_in_GA |
7/27/2016 4:01:00 PM
Just put some money down on these - fingers crossed.
BEAV - short 400 shares at $49.226
AVY - short 250 shares at $79.553
EXAS - short 1200 shares at $16.796
Noticed that CRY also triggered near the end of the day but I did not enter any trades with it.
|
johnpaulca
12,036 posts
msg #130095
- Ignore johnpaulca |
7/27/2016 4:56:57 PM
My guess is that it will work more effectively with lower priced stocks and small float... < $10...just a guess!!
|
Kevin_in_GA
4,599 posts
msg #130098
- Ignore Kevin_in_GA |
7/27/2016 8:15:32 PM
That might be true but you would have missed all of the recent trades I posted if you kept the price under $10. I really am focused on highly liquid stocks that IB carries in sufficient quantities to make the trade friction as small as possible.
|
shillllihs
6,093 posts
msg #130100
- Ignore shillllihs |
7/27/2016 9:30:03 PM
What would it look like if you added
LOW ABOVE UPPER BOLLINGER(20) somewhere and maybe even getting in on a red candle
eod. or close to. May not return many hits.
|