StockFetcher Forums · Filter Exchange · MODIFIED CONNORS RSI(2) FILTER<< 1 ... 10 11 12 13 14 ... 22 >>Post Follow-up
duke56468
683 posts
msg #95045
Ignore duke56468
modified
7/23/2010 9:39:38 PM

miketranz
msg #95044
- Ignore miketranz 7/23/2010 7:19:36 PM

Fidelity Active Trader Pro has "bracket orders"......
++++++
Mike I have Active Trader Pro and called tech support and was told this couldn't be done. There conditional trades do not allow OTO orders to Sell Short. They allow Buy to Cover but not Sell Short. Where can I find the bracket order? With the kind of trades Kevin is doing here it would be nice to set the complete trade pre-market and not worry about it the rest of the day.


Kevin_in_GA
4,536 posts
msg #95088
Ignore Kevin_in_GA
7/25/2010 9:58:39 PM

PLANNED TRADES FOR THE WEEK OF 7/26 - 7/30:

Long Plays:

HSY - Scored 4/6 on the Connors filters, RSI(2) is below 1, and has moved more than 2 SD below its usual relationship with the SPY.
Limit order entry at 46.66 (requires a 1.17% pullback)
Stop loss at 46.10 (risk of 1.19%)
Target exit at 48.52 for a potential profit of 4.00%.
Reward-to-Risk ratio: 3.37


AGN - Scored 4/6 on the Connors filters, RSI(2) is below 1, and has moved more than 2 SD below its usual relationship with the SPY.
Limit order entry at 57.95 (requires a 5.11% pullback - unlikely to fill this one)
Stop loss at 54.82 (risk of 5.39%)
Target exit at 64.00 for a potential profit of 10.44%.
Reward-to-Risk ratio: 1.94

(I might get into this one if the pullback is hits 3% or so, and put in a 2% stop and 5% profit target - I'll leave it up to my discretion right now.)

RDY - Scored 2/6 on the Connors filters, and closed below the lower BB(20,2). This was a "10" on Thursday, and has already moved up about 4%, but I think it still has room to go up.
Limit order entry at 28.31 (requires a 1.46% pullback)
Stop loss at 27.89 (risk of 1.48%)
Target exit at 29.37 for a potential profit of 3.74%.
Reward-to-Risk ratio: 2.52


SEIC - Scored 1/6 on the Connors filters, has moved more than 2 SD below its usual relationship with the SPY.
Limit order entry at 19.75 (requires a 0.92% pullback)
Stop loss at 19.56 (risk of 0.93%)
Target exit at 20.22 for a potential profit of 2.41%.
Reward-to-Risk ratio: 2.60



Short Plays:

RAH - Scored 6/6 on the Connors filters, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY.
Limit order entry at 60.51 (requires a 1.62% move higher)
Stop loss at 61.47 (risk of 1.60%)
Target exit at 58.04 for a potential profit of 4.08%.
Reward-to-Risk ratio: 2.56


VIP - Scored 5/6 on the Connors filters, RSI(2) is above 99, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY. NICE!
Limit order entry at 17.20 (requires a 2.75% move higher - might be hard to fill)
Stop loss at 17.66 (risk of 2.67%)
Target exit at 16.03 for a potential profit of 6.80%.
Reward-to-Risk ratio: 2.54


TEX - Scored 5/6 on the Connors filters, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY.
Limit order entry at 21.58 (requires a 1.79% move higher)
Stop loss at 22.01 (risk of 2.02%)
Target exit at 20.28 for a potential profit of 6.03%.
Reward-to-Risk ratio: 2.98


ELY - Scored 5/6 on the Connors filters, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY.
Limit order entry at 7.00 (requires a 2.07% move higher)
Stop loss at 7.13 (risk of 1.76%)
Target exit at 6.64 for a potential profit of 5.14%.
Reward-to-Risk ratio: 2.92






duke56468
683 posts
msg #95104
Ignore duke56468
7/26/2010 1:24:40 PM

Hi Kevin,
Thanks again for sharing your work. Just checking on the long plays if I'm reading this correctly 3 of the 4 used the r2 instead of the r1 for an exit. Is this a change in strategy?

Kevin_in_GA
4,536 posts
msg #95106
Ignore Kevin_in_GA
7/26/2010 1:38:00 PM

You have eyes like an eagle - yes, I moved the profit stops up because the overall profit on these trades would have been unusally low (like under 2%). No reason to limit the upside like that. Overall stops seem a little tight this week. Not sure if I will catch many of these trades either as limit orders.

Since adding in the profit and stop loss orders two weeks ago, the overall yield has gone down from 4-6% to ~2%. Been geting stopped out frequently and also not getting into good trades because they are not pulling back enough to trigger the limit entry order.

Of course, RDY has already been stopped out ... got into ELY at 7.00 for the short play, but it really hasn't moved much from there (currently at 6.96).

Just to be thorough, I'll also track these without the limits and stops - just as in the first few weeks of this system, you buy at the markey open price and see where it goes.

wkloss
230 posts
msg #95116
Ignore wkloss
7/26/2010 11:49:36 PM

Kevin,

Possibly a dumb question but

"PLANNED TRADES FOR THE WEEK OF 7/26 - 7/30"

How do you know they are for the week? Typically how long are these trades lasting? I though they were mostly 1-2 day trades. The earlier ones seemed to close quickly, possibly volatility caused stops to be hit quickly?

Bill

Kevin_in_GA
4,536 posts
msg #95117
Ignore Kevin_in_GA
modified
7/27/2010 12:21:43 AM

At this point in time, these are the trades I planned to make. Will likely need to add others as the week progresses.

UPDATE FOR 7/26:

Long Plays:

HSY - Scored 4/6 on the Connors filters, RSI(2) is below 1, and has moved more than 2 SD below its usual relationship with the SPY.
Limit order entry at 46.66 (requires a 1.17% pullback)
Stop loss at 46.10 (risk of 1.19%)
Target exit at 48.52 for a potential profit of 4.00%.
Reward-to-Risk ratio: 3.37
ORDER NOT FILLED


AGN - Scored 4/6 on the Connors filters, RSI(2) is below 1, and has moved more than 2 SD below its usual relationship with the SPY.
Limit order entry at 57.95 (requires a 5.11% pullback - unlikely to fill this one)
Stop loss at 54.82 (risk of 5.39%)
Target exit at 64.00 for a potential profit of 10.44%.
Reward-to-Risk ratio: 1.94
ORDER NOT FILLED


RDY - Scored 2/6 on the Connors filters, and closed below the lower BB(20,2). This was a "10" on Thursday, and has already moved up about 4%, but I think it still has room to go up.
Limit order entry at 28.31 (requires a 1.46% pullback)
Stop loss at 27.89 (risk of 1.48%)
Target exit at 29.37 for a potential profit of 3.74%.
Reward-to-Risk ratio: 2.52
ORDER FILLED AT 28.31. STOPPED OUT AT 27.89 FOR A LOSS OF 1.48%


SEIC - Scored 1/6 on the Connors filters, has moved more than 2 SD below its usual relationship with the SPY.
Limit order entry at 19.75 (requires a 0.92% pullback)
Stop loss at 19.56 (risk of 0.93%)
Target exit at 20.22 for a potential profit of 2.41%.
Reward-to-Risk ratio: 2.60
ORDER NOT FILLED - CAME WITHIN $0.03 OF FILL YESTERDAY



Short Plays:

RAH - Scored 6/6 on the Connors filters, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY.
Limit order entry at 60.51 (requires a 1.62% move higher)
Stop loss at 61.47 (risk of 1.60%)
Target exit at 58.04 for a potential profit of 4.08%.
Reward-to-Risk ratio: 2.56
ORDER NOT FILLED


VIP - Scored 5/6 on the Connors filters, RSI(2) is above 99, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY. NICE!
Limit order entry at 17.20 (requires a 2.75% move higher - might be hard to fill)
Stop loss at 17.66 (risk of 2.67%)
Target exit at 16.03 for a potential profit of 6.80%.
Reward-to-Risk ratio: 2.54
ORDER NOT FILLED


TEX - Scored 5/6 on the Connors filters, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY.
Limit order entry at 21.58 (requires a 1.79% move higher)
Stop loss at 22.01 (risk of 2.02%)
Target exit at 20.28 for a potential profit of 6.03%.
Reward-to-Risk ratio: 2.98
ORDER NOT FILLED


ELY - Scored 5/6 on the Connors filters, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY.
Limit order entry at 7.00 (requires a 2.07% move higher)
Stop loss at 7.13 (risk of 1.76%)
Target exit at 6.64 for a potential profit of 5.14%.
Reward-to-Risk ratio: 2.92
ORDER FILLED AT 7.00. CLOSED AT 6.99 FOR A GAIN OF 0.14%


I'll keep these limit orders on place for today - clearly entry and exit criteria are as important as finding good stocks through the filters I am using. No good if they trade properly and I am not in because I am waiting for a pullback that never materializes.

Kevin_in_GA
4,536 posts
msg #95128
Ignore Kevin_in_GA
7/27/2010 9:39:30 AM

Update:

TEX - Scored 5/6 on the Connors filters, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY.
Limit order entry at 21.58 (requires a 1.79% move higher)
Stop loss at 22.01 (risk of 2.02%)
Target exit at 20.28 for a potential profit of 6.03%.
Reward-to-Risk ratio: 2.98
ORDER FILLED AT 21.58



Kevin_in_GA
4,536 posts
msg #95142
Ignore Kevin_in_GA
7/27/2010 9:37:47 PM

UPDATE FOR 7/26:

Long Plays:

HSY - Scored 4/6 on the Connors filters, RSI(2) is below 1, and has moved more than 2 SD below its usual relationship with the SPY.
Limit order entry at 46.66 (requires a 1.17% pullback)
Stop loss at 46.10 (risk of 1.19%)
Target exit at 48.52 for a potential profit of 4.00%.
Reward-to-Risk ratio: 3.37
ORDER NOT FILLED - CLOSED AT TODAY 47.03. WILL KEEP AS IS FOR NOW


AGN - Scored 4/6 on the Connors filters, RSI(2) is below 1, and has moved more than 2 SD below its usual relationship with the SPY.
Limit order entry at 57.95 (requires a 5.11% pullback - unlikely to fill this one)
Stop loss at 54.82 (risk of 5.39%)
Target exit at 64.00 for a potential profit of 10.44%.
Reward-to-Risk ratio: 1.94
ORDER NOT FILLED - PULLBACK DID NOT HAPPEN. WILL REMOVE FROM CONSIDERATION FOR THE WEEK


RDY - Scored 2/6 on the Connors filters, and closed below the lower BB(20,2). This was a "10" on Thursday, and has already moved up about 4%, but I think it still has room to go up.
Limit order entry at 28.31 (requires a 1.46% pullback)
Stop loss at 27.89 (risk of 1.48%)
Target exit at 29.37 for a potential profit of 3.74%.
Reward-to-Risk ratio: 2.52
ORDER FILLED AT 28.31. STOPPED OUT AT 27.89 FOR A LOSS OF 1.48%


SEIC - Scored 1/6 on the Connors filters, has moved more than 2 SD below its usual relationship with the SPY.
Limit order entry at 19.75 (requires a 0.92% pullback)
Stop loss at 19.56 (risk of 0.93%)
Target exit at 20.22 for a potential profit of 2.41%.
Reward-to-Risk ratio: 2.60
ORDER NOT FILLED - CLOSED TODAY AT 19.90. WILL KEEP AS IS FOR NOW


Short Plays:

RAH - Scored 6/6 on the Connors filters, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY.
Limit order entry at 60.51 (requires a 1.62% move higher)
Stop loss at 61.47 (risk of 1.60%)
Target exit at 58.04 for a potential profit of 4.08%.
Reward-to-Risk ratio: 2.56
ORDER NOT FILLED


VIP - Scored 5/6 on the Connors filters, RSI(2) is above 99, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY. NICE!
Limit order entry at 17.20 (requires a 2.75% move higher - might be hard to fill)
Stop loss at 17.66 (risk of 2.67%)
Target exit at 16.03 for a potential profit of 6.80%.
Reward-to-Risk ratio: 2.54
ORDER NOT FILLED - MISSED THIS ONE. WILL REMOVE FROM CONSIDERATION FOR THIS WEEK


TEX - Scored 5/6 on the Connors filters, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY.
Limit order entry at 21.58 (requires a 1.79% move higher)
Stop loss at 22.01 (risk of 2.02%)
Target exit at 20.28 for a potential profit of 6.03%.
Reward-to-Risk ratio: 2.98
ORDER FILLED AT 21.58. CLOSED AT 20.62 FOR A GAIN OF 4.45%



ELY - Scored 5/6 on the Connors filters, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY.
Limit order entry at 7.00 (requires a 2.07% move higher)
Stop loss at 7.13 (risk of 1.76%)
Target exit at 6.64 for a potential profit of 5.14%.
Reward-to-Risk ratio: 2.92
ORDER FILLED AT 7.00. CLOSED AT 6.82 FOR A GAIN OF 2.57%



Net gain for the week of +1.85% ($277.08 on a total of $15,000 invested, with $25,000 still in cash).


NEW LONG AND SHORT PLAYS


Looks like there are lots of good short plays today, and a few decent long ones as well.

New Long Plays:

GLD - Scored 3/6 on the Connors filters, closed below the lower BB(20,2), also closed below its BB(16,2.5), and has moved more than 2 SD below its usual relationship with the SPY.
Limit order entry at 112.82 (requires a 0.61% pullback)
Stop loss at 112.12 (risk of 0.61%)
Target exit at 115.68 (r2) for a potential profit of 2.54%.
Reward-to-Risk ratio: 4.13


PPDI - Scored 3/6 on the Connors filters and has moved more than 2 SD below its usual relationship with the SPY.
Limit order entry at 25.43 (requires a 2.15% pullback)
Stop loss at 24.87 (risk of 2.20%)
Target exit at 28.0 (r1) for a potential profit of 6.17%.
Reward-to-Risk ratio: 2.80


Short Plays:

SOHU - Scored 6/6 on the Connors filters, RSI(2) is above 99, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY. Maximum possible score!
Limit order entry at 48.21 (requires a 1.27% move higher)
Stop loss at 48.81 (risk of 1.26%)
Target exit at 45.77 (s2) for a potential profit of 5.05%.
Reward-to-Risk ratio: 4.01


NDAQ - Scored 6/6 on the Connors filters, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY.
Limit order entry at 19.92 (requires a 2.19% move higher - might be a stretch)
Stop loss at 20.34 (risk of 2.14%)
Target exit at 19.00 (s2) for a potential profit of 4.59%.
Reward-to-Risk ratio: 2.14


Kevin_in_GA
4,536 posts
msg #95157
Ignore Kevin_in_GA
7/28/2010 9:58:38 AM

7/28 Update:


Long Plays:

HSY - Scored 4/6 on the Connors filters, RSI(2) is below 1, and has moved more than 2 SD below its usual relationship with the SPY.
Limit order entry at 46.66 (requires a 1.17% pullback)
Stop loss at 46.10 (risk of 1.19%)
Target exit at 48.52 for a potential profit of 4.00%.
Reward-to-Risk ratio: 3.37
ORDER FILLED AT 46.66


SEIC - Scored 1/6 on the Connors filters, has moved more than 2 SD below its usual relationship with the SPY.
Limit order entry at 19.75 (requires a 0.92% pullback)
Stop loss at 19.56 (risk of 0.93%)
Target exit at 20.22 for a potential profit of 2.41%.
Reward-to-Risk ratio: 2.60
ORDER FILLED AT 19.75


PPDI - Scored 3/6 on the Connors filters and has moved more than 2 SD below its usual relationship with the SPY.
Limit order entry at 25.43 (requires a 2.15% pullback)
Stop loss at 24.87 (risk of 2.20%)
Target exit at 28.0 (r1) for a potential profit of 6.17%.
Reward-to-Risk ratio: 2.80
ORDER FILLED AT 25.43



Short Plays:

SOHU - Scored 6/6 on the Connors filters, RSI(2) is above 99, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY. Maximum possible score!
Limit order entry at 48.21 (requires a 1.27% move higher)
Stop loss at 48.81 (risk of 1.26%)
Target exit at 45.77 (s2) for a potential profit of 5.05%.
Reward-to-Risk ratio: 4.01
ORDER FILLED AT 48.21


Kevin_in_GA
4,536 posts
msg #95160
Ignore Kevin_in_GA
modified
7/28/2010 10:35:05 AM

ELY - Scored 5/6 on the Connors filters, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY.
Limit order entry at 7.00 (requires a 2.07% move higher)
Stop loss at 7.13 (risk of 1.76%)
Target exit at 6.64 for a potential profit of 5.14%.
Reward-to-Risk ratio: 2.92
ORDER FILLED AT 7.00. PROFIT TARGET HIT AT 6.64 FOR A GAIN OF 5.14%


TEX - Scored 5/6 on the Connors filters, closed above the upper BB(20,2), closed above the upper BB(16,2.5), and has moved more than 2 SD above its usual relationship with the SPY.
Limit order entry at 21.58 (requires a 1.79% move higher)
Stop loss at 22.01 (risk of 2.02%)
Target exit at 20.28 for a potential profit of 6.03%.
Reward-to-Risk ratio: 2.98
ORDER FILLED AT 21.58. PROFIT TARGET HIT AT 20.28 FOR A GAIN OF 6.03%



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