StockFetcher Forums · Filter Exchange · MODIFIED CONNORS RSI(2) FILTER<< 1 ... 8 9 10 11 12 ... 22 >>Post Follow-up
Kevin_in_GA
4,548 posts
msg #94959
Ignore Kevin_in_GA
7/21/2010 2:51:16 PM

Quick Update:

CYPB - Scored 5/6 on the Connors filters, closed above the upper BB(20,2), RSI(2) is above 99, and has moved more than 2 SD above its usual relationship with the SPY.
Limit order entry at 3.72, stop loss at 3.87, target exit at 3.38 for a potential profit of 9.14%.

ORDER FILLED AT 3.72.


Currently trading at 3.47, for a gain of 6.7%.

Kevin_in_GA
4,548 posts
msg #94965
Ignore Kevin_in_GA
7/21/2010 6:46:15 PM

7/21 Update:

Long Plays:

SKX - Scored 5/6 on the Connors filters, and closed below the lower BB(20,2), RSI(2) is below 1, and has moved more than 2 SD from its usual relationship with the SPY.
Limit order entry at 31.35, stop loss at 30.60, target exit at 33.32 for a potential profit of 6.28%.
ORDER NOT FILLED - low today of 33.95 (above my planned exit). Trade removed from list.


CPE - Scored 5/6 on the Connors filters, and closed below the lower BB(20,2).
Limit order entry at 5.39, stop loss at 5.26, target exit at 5.75 for a potential profit of 6.68%.
ORDER FILLED AT 5.39. PROFIT TARGET HIT at 5.75, for a gain of 6.68%


GSIC - Scored 3/6 on Connors filters, has closed below the lower BB(20,2), and has moved more than 2 SD from its usual relationship with the SPY.
Limit order entry at 25.38, stop loss at 24.83, target exit at 27.00 for a potential profit of 6.38%.
ORDER FILLED AT 25.38. Closed today at 25.24, for a loss of 0.55%


LGF - Scored 4/6 on the Connors filters, and closed below the lower BB(20,2).
Limit order entry at 5.98, stop loss at 5.86, target exit at 6.28 for a potential profit of 5.02%.
ORDER FILLED AT 5.98. PROFIT TARGET HIT at 6.28, for a gain of 5.02%


PWR - Scored 3/6 on Connors filters, and has moved more than 2 SD from its usual relationship with the SPY.
Limit order entry at 20.00, stop loss at 19.70, target exit at 20.87 for a potential profit of 4.30%.
ORDER NOT FILLED - low today of 21.14 (above my planned exit). Trade removed from list


TCB - Scored 6/6 on the Connors filters, close was also the high, which is very encouraging.
Limit order entry at 15.09, stop loss at 14.87, target exit at 15.45 for a potential profit of 2.38%.
ORDER NOT FILLED - low today of 15.20. Will keep as is for tomorrow


HRC - Scored 4/6 on the Connors filters, has moved more than 2 SD below its usual relationship with the SPY.
Limit order entry at 28.94, stop loss at 28.59, target exit at 29.75 for a potential profit of 2.80%.
ORDER FILLED AT 28.94. Closed today at 28.94, for a gain of 0.00%



Short Plays:

MON - Scored 6/6 on the Connors filters, closed above the upper BB(20,2), and RSI(2) is above 99.
Limit order entry at 57.20, stop loss at 58.19, target exit at 55.37 for a potential profit of 3.20%.
ORDER FILLED AT 57.20. Closed today at 57.57, for a loss of 0.64%


SPN - Scored 6/6 on the Connors filters, RSI(2) is above 99, and has moved more than 2 SD above its usual relationship with the SPY.
Limit order entry at 22.25, stop loss at 22.67, target exit at 21.42 for a potential profit of 3.73%.
ORDER FILLED AT 22.25. STOPPED OUT at 22.67, for a loss of 1.85%


ONNN - Scored 4/6 on Connors filters, RSI(2) is above 99, and has moved more than 2 SD above its usual relationship with the SPY.
Limit order entry at 7.27, stop loss at 7.48, target exit at 6.87 for a potential profit of 5.50%.
ORDER FILLED AT 7.27. Closed today at 7.08, for a gain of 2.61%


WCRX - Scored 4/6 on the Connors filters, and has moved more than 2 SD above its usual relationship with the SPY.
Limit order entry at 24.75, stop loss at 25.46, target exit at 23.49 for a potential profit of 5.09%.
ORDER NOT FILLED - high today of 24.01. Will keep as is for tomorrow


APOL - Scored 4/6 on the Connors filters, and has moved more than 2 SD above its usual relationship with the SPY.
Limit order entry at 46.95, stop loss at 48.32, target exit at 44.30 for a potential profit of 5.64%.
ORDER FILLED AT 46.95. STOPPED OUT at 48.32, for a loss of 2.63%


CYPB - Scored 5/6 on the Connors filters, closed above the upper BB(20,2), RSI(2) is above 99, and has moved more than 2 SD above its usual relationship with the SPY.
Limit order entry at 3.72, stop loss at 3.87, target exit at 3.38 for a potential profit of 9.14%.
ORDER FILLED AT 3.72. Closed today at 3.44, for a gain of 7.53%



Another profitable day today - . the net gain on this set of trades for the week so far is 1.76% ($633 on a total of $36,000 invested).

Currently not entirely dollar-neutral - 5 open trades with 3 short plays but only 2 long plays. Will try to add one more long play, and see if we can catch a pullback tomorrow on either TCB or this one:

THOR - Scored 5/6 on the Connors filters, and closed below the lower BB(20,2), RSI(2) is below 1, and has moved more than 2 SD from its usual relationship with the SPY.
Limit order entry at 40.51, stop loss at 39.86, target exit at 42.38 for a potential profit of 4.62%.

duke56468
683 posts
msg #94979
Ignore duke56468
7/22/2010 11:31:49 AM

Kevin thanks for sharing your work on this filter. I notice you are using the Connor 6/6 score and not the composite score, did I miss something, or did you start using the composite score and switch?
If I understand it right the z-score gives the 2 SD from its usual relationship with the SPY. What does KPM score tell us? Thanks again for your generosity.

Kevin_in_GA
4,548 posts
msg #94980
Ignore Kevin_in_GA
7/22/2010 11:42:39 AM

UPDATE:

HRC - Scored 4/6 on the Connors filters, has moved more than 2 SD below its usual relationship with the SPY.
Limit order entry at 28.94, stop loss at 28.59, target exit at 29.75 for a potential profit of 2.80%.
ORDER FILLED AT 28.94. PROFIT TARGET HIT at 29.75 for a gain of 2.80%



Kevin_in_GA
4,548 posts
msg #94981
Ignore Kevin_in_GA
7/22/2010 11:51:10 AM

Kevin thanks for sharing your work on this filter. I notice you are using the Connor 6/6 score and not the composite score, did I miss something, or did you start using the composite score and switch?
If I understand it right the z-score gives the 2 SD from its usual relationship with the SPY. What does KPM score tell us? Thanks again for your generosity.
+++++

The composite score is the sum of the 6 Connors filters, along with 4 other criteria I like to use (The KPM score). The maximum one could get is a 10. The four criteria I use along with the Connors filters are:

1. Close at or below the lower Bollinger Band(20,2)
2. RSI(2) below 1 - this is basically the original filter in this thread
3. The Z-score (how many SD from the usual relationship with the broader markets - using SPY as a proxy). This needs to be more than 2 SD away from the mean to get counted.
4. If the stock closed 1 day ago outside of the BB(16,2.5), but closed today back inside the bands. This is from a previous filter I developed last year that worked well. Stronger weight if the day's close is above its open, although the score does not go up.

So when I list each stock, I provide the Connors filter score, then list each of the above criteria if it was hit.

Hopefully that clarifies things.

duke56468
683 posts
msg #94984
Ignore duke56468
modified
7/22/2010 12:28:52 PM

In talking to Fidelity there is no way to place a SELL SHORT LIMIT ORDER and simultaneously place an OCO order to BUY TO COVER STOP LOSS and a BUY TO COVER LIMIT ORDER to take profit. You have to place the SELL SHORT LIMIT ORDER first and then wait around the computer for it to hit before you can place the OCO order to BUY TO COVER STOP LOSS and a BUY TO COVER LIMIT ORDER to take profit. Does anyone know of a brokerage that allows placing this type of order all at once without waiting around for the SELL SHORT limit order to hit?

Kevin_in_GA
4,548 posts
msg #94988
Ignore Kevin_in_GA
7/22/2010 2:54:04 PM

UPDATE:

GSIC - Scored 3/6 on Connors filters, has closed below the lower BB(20,2), and has moved more than 2 SD from its usual relationship with the SPY.
Limit order entry at 25.38, stop loss at 24.83, target exit at 27.00 for a potential profit of 6.38%.
ORDER FILLED AT 25.38. Closed trade today at 26.30, for a gain of 3.62%



Kevin_in_GA
4,548 posts
msg #94989
Ignore Kevin_in_GA
7/22/2010 3:26:59 PM

In talking to Fidelity there is no way to place a SELL SHORT LIMIT ORDER and simultaneously place an OCO order to BUY TO COVER STOP LOSS and a BUY TO COVER LIMIT ORDER to take profit. You have to place the SELL SHORT LIMIT ORDER first and then wait around the computer for it to hit before you can place the OCO order to BUY TO COVER STOP LOSS and a BUY TO COVER LIMIT ORDER to take profit. Does anyone know of a brokerage that allows placing this type of order all at once without waiting around for the SELL SHORT limit order to hit?
+++++

I think you can't place a stop loss and limit order on a stock you haven't purchased yet. If you use the r1/s1 pivots for entry, the corresponding stop and limit positions will not change. You can enter them after the trade is triggered.

Not sure if there are brokers who can do what you are asking. Maybe others can comment?

Kevin_in_GA
4,548 posts
msg #94990
Ignore Kevin_in_GA
7/22/2010 4:50:59 PM

7/22 Update:

Long Plays:


CPE - Scored 5/6 on the Connors filters, and closed below the lower BB(20,2).
Limit order entry at 5.39, stop loss at 5.26, target exit at 5.75 for a potential profit of 6.68%.
ORDER FILLED AT 5.39. PROFIT TARGET HIT at 5.75, for a gain of 6.68%


GSIC - Scored 3/6 on Connors filters, has closed below the lower BB(20,2), and has moved more than 2 SD from its usual relationship with the SPY.
Limit order entry at 25.38, stop loss at 24.83, target exit at 27.00 for a potential profit of 6.38%.
ORDER FILLED AT 25.38. Closed trade today at 26.30, for a gain of 3.62%


LGF - Scored 4/6 on the Connors filters, and closed below the lower BB(20,2).
Limit order entry at 5.98, stop loss at 5.86, target exit at 6.28 for a potential profit of 5.02%.
ORDER FILLED AT 5.98. PROFIT TARGET HIT at 6.28, for a gain of 5.02%


TCB - Scored 6/6 on the Connors filters, close was also the high, which is very encouraging.
Limit order entry at 15.09, stop loss at 14.87, target exit at 15.45 for a potential profit of 2.38%.
ORDER NOT FILLED - close today at 15.67 (above my planned exit). Trade will be removed from consideration.


HRC - Scored 4/6 on the Connors filters, has moved more than 2 SD below its usual relationship with the SPY.
Limit order entry at 28.94, stop loss at 28.59, target exit at 29.75 for a potential profit of 2.80%.
ORDER FILLED AT 28.94. PROFIT TARGET HIT at 29.75, for a gain of 2.80%



Short Plays:

MON - Scored 6/6 on the Connors filters, closed above the upper BB(20,2), and RSI(2) is above 99.
Limit order entry at 57.20, stop loss at 58.19, target exit at 55.37 for a potential profit of 3.20%.
ORDER FILLED AT 57.20. Closed today at 56.66, for a gain of 0.94%


SPN - Scored 6/6 on the Connors filters, RSI(2) is above 99, and has moved more than 2 SD above its usual relationship with the SPY.
Limit order entry at 22.25, stop loss at 22.67, target exit at 21.42 for a potential profit of 3.73%.
ORDER FILLED AT 22.25. STOPPED OUT at 22.67, for a loss of 1.85%


ONNN - Scored 4/6 on Connors filters, RSI(2) is above 99, and has moved more than 2 SD above its usual relationship with the SPY.
Limit order entry at 7.27, stop loss at 7.48, target exit at 6.87 for a potential profit of 5.50%.
ORDER FILLED AT 7.27. Closed today at 7.32, for a loss of 0.68%


WCRX - Scored 4/6 on the Connors filters, and has moved more than 2 SD above its usual relationship with the SPY.
Limit order entry at 24.75, stop loss at 25.46, target exit at 23.49 for a potential profit of 5.09%.
ORDER NOT FILLED - high today of 24.23. Trade will be removed from consideration.


APOL - Scored 4/6 on the Connors filters, and has moved more than 2 SD above its usual relationship with the SPY.
Limit order entry at 46.95, stop loss at 48.32, target exit at 44.30 for a potential profit of 5.64%.
ORDER FILLED AT 46.95. STOPPED OUT at 48.32, for a loss of 2.63%


CYPB - Scored 5/6 on the Connors filters, closed above the upper BB(20,2), RSI(2) is above 99, and has moved more than 2 SD above its usual relationship with the SPY.
Limit order entry at 3.72, stop loss at 3.87, target exit at 3.38 for a potential profit of 9.14%.
ORDER FILLED AT 3.72. Closed today at 3.52, for a gain of 5.37%



Another profitable day today - the net gain on this set of trades for the week so far is 2.10% ($758.21 on a total of $36,000 invested).

Currently only 3 short plays and no long plays. Will keep as is rather than add any longs (I am guessing that there will be a red day after today's big move up).

duke56468
683 posts
msg #94992
Ignore duke56468
7/22/2010 6:02:47 PM

7/22/2010 3:26:59 PM

In talking to Fidelity there is no way to place a SELL SHORT LIMIT ORDER and simultaneously place an OCO order to BUY TO COVER STOP LOSS and a BUY TO COVER LIMIT ORDER to take profit. You have to place the SELL SHORT LIMIT ORDER first and then wait around the computer for it to hit before you can place the OCO order to BUY TO COVER STOP LOSS and a BUY TO COVER LIMIT ORDER to take profit. Does anyone know of a brokerage that allows placing this type of order all at once without waiting around for the SELL SHORT limit order to hit?
+++++

I think you can't place a stop loss and limit order on a stock you haven't purchased yet. If you use the r1/s1 pivots for entry, the corresponding stop and limit positions will not change. You can enter them after the trade is triggered.

Not sure if there are brokers who can do what you are asking. Maybe others can comment?
+++++++

I was hoping there was a way to at least be able to place an OTO order to sell short and a buy to cover stop loss so I didn't have to hover around the computer 7+ hours every day waiting for each sell short limit order to fill.

StockFetcher Forums · Filter Exchange · MODIFIED CONNORS RSI(2) FILTER<< 1 ... 8 9 10 11 12 ... 22 >>Post Follow-up

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