riverrun83716
15 posts
msg #111941
- Ignore riverrun83716 |
3/1/2013 10:22:33 AM
in NVGN yesterday at 6.20 out today at 6.80 for 9.68%. That thing is wild with big spead between bid and ask.
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sohailmithani
192 posts
msg #111992
- Ignore sohailmithani |
3/1/2013 2:28:51 PM
Hi Kevin,
Just a quick question.
Your recent calls to take profits on CBMX and BDBD and some others in the past have been bang on as they then declined significantly. I am wondering and curious to know if you have some inside knowledge or what? How do you know when to pull the sell trigger. Is there a secret formula fo rit as I wait for Williams exit.
Would appreciate your thought process on that.
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Kevin_in_GA
4,599 posts
msg #111997
- Ignore Kevin_in_GA |
3/1/2013 3:33:48 PM
No - just the fear of blowing a good profit of 5% or more. I would have built in a profit stop of 5% into the backtest but because it first requires a 6% pullback (limit order) the backtest always seemed to make money - reason was that you cant tell with EOD data which came first. Anyway, no secret info.
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riverrun83716
15 posts
msg #112034
- Ignore riverrun83716 |
3/4/2013 2:00:23 PM
HK from the connors adx 5 above 40 filter triggers at 6.25.
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Kevin_in_GA
4,599 posts
msg #112035
- Ignore Kevin_in_GA |
3/4/2013 2:02:14 PM
adx(5) needs to be above 45. I do not see HK on my tracking filter for this one.
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riverrun83716
15 posts
msg #112036
- Ignore riverrun83716 |
3/4/2013 2:02:40 PM
Kevins filter that is.
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riverrun83716
15 posts
msg #112038
- Ignore riverrun83716 |
3/4/2013 2:04:36 PM
Guess I have your filter wrong. I had adx 5 above 40 and not 45 as you say.
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Kevin_in_GA
4,599 posts
msg #112039
- Ignore Kevin_in_GA |
3/4/2013 2:18:07 PM
Given some of the hits to stocks this filtered entered over the last two months, I am reviewing stop losses built into the filter model. I usually don't advocate the use of stop losses but I think in these types of stocks some downside protection might make sense.
I'll report my findings tonight once I can pull together the data.
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riverrun83716
15 posts
msg #112042
- Ignore riverrun83716 |
3/4/2013 3:00:22 PM
Will be interesting to see your stop analysis. One of the factors with the stocks we have had lately is the bid ask spread is several % when they get bouncing around. A trade on the bid my stop out and the next trade on the offer is right back up. Looking forward to seeing what your work shows. Have made good money with the system but definitely not for the faint of heart.
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Kevin_in_GA
4,599 posts
msg #112045
- Ignore Kevin_in_GA |
3/4/2013 4:06:59 PM
The analysis is all EOD, so it will not necessarily capture the type of volatility you are describing. Nonetheless, these trades are typically held for 3-5 days (often longer for losing trades) and so the results should be fairly indicative of how it might play out going forward.
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