StockFetcher Forums · Filter Exchange · New Darvas Box...<< 1 2 3 >>Post Follow-up
txtrapper
548 posts
msg #30454
Ignore txtrapper
1/3/2004 1:20:27 PM

Muddy

I cannot find your improved DARVAS Box Filter, checked here and the Yahoo site.

This is what I have and it doesn't match your picks for Monday.

Fetcher[CLOSE REACHED A NEW 52 WEEK HIGH WITHIN THE LAST 10 DAYS AND STOCK PRICE IS 100% GREATER THAN 52 WEEK LOW AND CLOSE GAINED MORE THAN 26% IN THE LAST 26 WEEKS AND RSI(2) IS BELOW 10]



tx_trapper


wallman
299 posts
msg #30457
Ignore wallman
1/3/2004 8:21:27 PM

knowsenough, thanks ,you are correct in what i am trying to look for,i also see your idea/method and don't doubt that it will work out just great once you get the little details down,don't give up on it quickly, you may find just what you're looking for,good luck! MUDDY


wallman
299 posts
msg #30458
Ignore wallman
1/3/2004 8:42:24 PM

HI TX,the filter i use can be found in msg # 2789 in our muddy yahoo group,with an explaination, somewhere along the line someone changed my rsi(2)IS BELOW 20 to IS BELOW 10 and that incorrect (for me anyhow)filter has gotten passed around,also with a limited number of muddy matches like i have for monday (only 5 )to get what i believe are still a few more quality watches i will increase the rsi(2)to below 25,with these 2 changes,and with price between 1 and 15 and average volume(90)above 100000 and considering failures it should give you the matches i listed i believe,hope this clears it up,good luck,MUDDY


txtrapper
548 posts
msg #30459
Ignore txtrapper
1/3/2004 9:06:24 PM

Thanks Muddy. I ran your match thru IBD here is what I come up with.

All of them are quality stocks most rated A, B, and C, which is very good, all have good Relative Strength (RS) and good Accumulation/Distribution (Acc/Dist) ratings.

I am going to plug them into Scottrade Monday morning and watch them.


Thanks for the information.

tx_trapper




wallman
299 posts
msg #30460
Ignore wallman
1/3/2004 11:06:18 PM

TX,you're most welcome,you are correct in that very many of these stocks my filter catches are indeed rated "quality" stocks in that they have hit a new 52 week high in the last 10 days as defined by the filter criteria,this is why i say,to the more experianced traders out there,it is NOT a necessity to catch these on green hold,use whatever buy indicators you are comfortable with and you can catch many of these at say 7% down intraday to see it rise back to near even,a very good gain on a stock that doesn't even close up for the day!! a VERY important but seemingly trivial matter with these stocks under $15 is the EVEN dollar mark,like 1,2,5,$15 etc.,when they test(and/or slightly fall below) and hold that mark if your indicators are positive there,most times you have at least 2% or more at your fingertips,i've seen this so many times over the years it is almost unreal....the theory behind my "box" is very simple in that many of these stocks hit over a dozen new 52 week highs in the course of a year,all i'm looking to do is catch them on a "natural" pullback (many with a few closes OUT of the upper bb that most times is impossible to sustain )and get the % gain they get on their run back up towards the upper bb,the neat thing about it is take what is good for you (especially if one is compounding ! ) and get out because the likelyhood is you'll see the same ones (another advantage here as you get to know these ones well and their trading patterns as time goes on ) over and over during the following months time! regards, MUDDY


txtrapper
548 posts
msg #30464
Ignore txtrapper
1/4/2004 10:18:23 AM

Muddy

On your DARVAS Box picks, I have been looking at the Day Range, is that very important?

Take FHRX for example, Close @ $11.10, day range $10.41-$11.71, and 7% down is $10.32 is that about where I place the "Buy Limit"? On a 30d/30m prophet chart support is about $10.50 on that dip Dec. 10th. With these facts, I now have a buy range between $10.32 and $10.50 is that correct?

VITR Closed at $7.07 with a day range of $7.01-$7.30, the day low was $7.01, and a 30 day support level of $5.27 from the "big" Dec.10th dip, that is a large spread. I guess one would then depend on the indicators, the market (red/green), for the buy and sell?

IRSN closed @$3.27 with a day range of $3.20-$3.58. This stock is in my price range, and I must confess I have problem buying in this situation, Would a buy limit @ $3.21 be appropriate, or would one wait for the possible 7% drop?


I will be using the Scholastics & EMA(13)set up I recently found at;

(http://groups.yahoo.com/group/StockFetcher/


Thanks in Advance,


TxTrapper


knowsenough
54 posts
msg #30466
Ignore knowsenough
1/4/2004 10:50:51 AM

Wallman...just got around to trying the reverse........
Of my Darvas scan using the (Muddy-Method) of capitalizing on weakness spread to former support and I must say the results are pretty outstanding. Ran the same 10 day backtest of my scan after just changing one word from above to below in the script, and although the hit list is much larger using this method the results are a bit higher % wise. Got (39) hits on the ten day with 28% of those hits over 15% gain with the highest being 86%. Now in the weeks ahead I'll be tweaking this one to shave the hit count as the count for Mon. is (26) which is way too high for me. If my memory of past posts serves me...like you, I prefer a one page hit count. There was only (1) double digit loser out of (39) also which is very encouraging. Will re-post when this new scan is more re-fined.


wallman
299 posts
msg #30467
Ignore wallman
1/4/2004 11:35:53 AM

TX,if you are comfortable with buying on red and you will be using the stochastics and EMA(13),myself i am,then yes i would agree with your evaluations of FHRX,VITR (yes i'd wait for green on this )and IRSN (i myself would be comfortable with that 7% drop for sure or a green hold,i kinda hesitate on 3.21 because of the fact it had a huge run up when it hit our box filter just a couple of weeks ago on dec 10th gaining 24% the next day and 45% since that date,my point is that it will most likely imo dive down to a nice buy area ( an even $3 would be great )where we can use our stoch buy signal and/or catch green hold and go pretty nice,i'm just not comfortable with the middleground area of 3.21 if you see what i'm saying here,by doing what you have done with these 3 stocks on looking for possible entry points with other matches you might turn this into a monster trading method,from what i have seen in the last few months(and traded)the stochastics with the EMA(13)work great with these stocks......don't be afraid to move the RSI 2 up to below 25 or even 30 if you are going to dig deeper into the chart as you have done with the 3 you mentioned,as time goes on you'll develop favs which might show up on that bumpup of rsi 2, regards , MUDDY


txtrapper
548 posts
msg #30468
Ignore txtrapper
1/4/2004 12:01:27 PM

Muddy

Thanks a bunch. I like your tip on the even dollar mark $1,2,5,15 etc. I will save that advisement and use it from now on.

Many thanks,

TxTrapper


TraderEyal
8 posts
msg #38182
Ignore TraderEyal
9/24/2005 6:45:33 PM

Hi everyone,

I'm looking up information on Darvas box and I can't find it the SF's documentation or online help. What I'm trying to do is set a length for the darvas box, say a minimum of 1 month. Do you know if it's possible to do that?

Thanks
Eyal



StockFetcher Forums · Filter Exchange · New Darvas Box...<< 1 2 3 >>Post Follow-up

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