StockFetcher Forums · Filter Exchange · FADING THE GAP STATISTICS FILTER<< 1 ... 6 7 8 9 10 ... 40 >>Post Follow-up
TheRumpledOne
6,359 posts
msg #46277
Ignore TheRumpledOne
8/9/2006 9:30:00 AM

OPTIONS?

Of course...LOL!




TheRumpledOne
6,359 posts
msg #46283
Ignore TheRumpledOne
modified
8/9/2006 12:54:41 PM

Fetcher[
/* gap fill statistics buy close, sell open*/

set{Xgapped, open - close 1 day ago}
set{Xgapup, count(Xgapped > 0, 1)}
set{Xgapdn, count(Xgapped < 0, 1)}

set{absgap, abs(Xgapped)}

set{gappedup100, count(Xgapup > 0, 100)}
set{gappeddn100, count(Xgapdn > 0, 100)}

set{cl1lo, close 1 day ago - low}
set{hicl1, high - close 1 day ago }

set{fillup, count(cl1lo > 0, 1)}
set{filldn, count(hicl1 > 0, 1)}

set{gapupfilled, Xgapup * fillup }
set{gapdnfilled, Xgapdn * filldn }

set{gapup100f, count(gapupfilled > 0, 100)}
set{gapdn100f, count(gapdnfilled > 0, 100)}

set{gapfilled, gapup100f + gapdn100f}

/* DRAW PLOTS */

DRAW XGAPPED ON PLOT XGAPPED

/* DISPLAY COLUMNS */

and add column gappedup100
and add column gappeddn100
and add column gapfilled
and add column gapup100f
and add column gapdn100f

and add column cma(absgap, 100)
and add column absgap 100 day high
and add column absgap 100 day low

/* SELECTION CRITERIA */

CLOSE ABOVE 1
avg volume(30) above 300000

gappedup100 above 66

/* SORT CRITERIA */

SORT COLUMN 5 DESCENDING
]



Buy at market close, sell at the open the next session.

Statistics in your favor.

MAY ALL YOUR FILLS BE COMPLETE.

P.S. THEN YOU CAN FADE THE GAP... LOL!!




estetson
9 posts
msg #46372
Ignore estetson
8/14/2006 5:14:33 PM

TRO,

The last filter you posted is based on this strategy, you said, "Buy at market close, sell at the open the next session. Statistics in your favor."

Okay, I can see the logic in that, and it's a very simple system to use (easier than fading the gap), but I have two questions:

1. Would it be better to take trades where the stock had the most gap ups, such as 80+ out of 100, or instead where the average gap was the highest, the MA(absgap,100) column, right?

2. Is there really any evidence to show that if a stock had a lot of gap ups or large gap ups over the past 100 days, that it is likely to continue following such a pattern in the future? I wonder whether the opposite might actually be more likely, since statistical anomalies tend to even out over time.

Any thoughts?


TheRumpledOne
6,359 posts
msg #46373
Ignore TheRumpledOne
8/14/2006 7:47:18 PM

1) You pick the top stocks out of both categories.

2) NO. The stocks are on the list because they exhibit these tendencies over a period of time.

HTH.


kliebert
17 posts
msg #46389
Ignore kliebert
8/15/2006 2:17:23 PM

Hey, Rump check this out...

http://www.daytradeformoney.com/


alf44
2,025 posts
msg #46391
Ignore alf44
8/15/2006 3:15:09 PM

"A.H."

Hmmmm...I wonder who that could be ?

Surely not "Avery Horton" aka "TheRumpledOne" ??? LOL

Too funny !!!


Regards,

alf44



nikoschopen
2,824 posts
msg #46409
Ignore nikoschopen
8/16/2006 2:42:19 AM

Man, talk about conspiracy theory! LOL


alf44
2,025 posts
msg #46422
Ignore alf44
8/16/2006 11:22:02 AM

...was really more of a conclusion than a "theory" !

Apparently, Mark Crisp and Avery (TheRumpledOne) Horton are trying to market the "Fading The Gap" method.


Regards,

alf44



maxxam80
108 posts
msg #46428
Ignore maxxam80
8/16/2006 2:33:11 PM

its not new
I have read about filling (same thing) in many books


alf44
2,025 posts
msg #46439
Ignore alf44
modified
8/16/2006 11:36:37 PM

...here's a thought for ENTRIES...

...use the "OOOPS Trade" criteria for filtering...VERY NICE..."Fade The Gap" plays !


The "OOOPs Trade" is a Larry Williams set-up...LBR also uses this really nice "Fade The Gap" trade set-up !!!

-------------------------------------

Very simply...the trade set-up IS......

...and this is from the LBR website:



"What is an "Oops" Trade?

"Oops" is an expression originally coined by Larry Williams. The setup occurs when the opening price gaps outside the previous day's range. A buy (or sell) stop is placed just inside the previous day's range in case the market then closes the gap, indicating a reversal. The trade is best treated as a scalp trade and exited before the close. This pattern has no long term forecasting value."

---------------------------------------

I love this "OOOPs" set-up !

It DEFINITELY IS a moneymaker !!!

You could EASILY use TRO's "Fade The Gap" scan...and APPLY the Larry William's "OOOPs Trade" criteria to the symbols that are returned...and make a very good living ! IMO

All in my opinion !!!


Regards,

alf44



StockFetcher Forums · Filter Exchange · FADING THE GAP STATISTICS FILTER<< 1 ... 6 7 8 9 10 ... 40 >>Post Follow-up

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