StockFetcher Forums · Filter Exchange · Trying to determine right stock to pick<< >>Post Follow-up
alp1535
13 posts
msg #61156
Ignore alp1535
4/6/2008 3:56:01 PM

Hi everyone,
I'm using TROs filter "got milk" which I combined with some of TROs other filters to get what i think i need. see filter below.

My question is would someone indicate which columns are the most important for picking the right stock. I only need one or two stocks to trade over and over like everyone suggests.

Would someone point me in the right direction? What do I really need to know?

Here are the columns i think are important, but i could be wrong."

1) I want up trend = 111,
2) I want dlxdl (had to chg letter from clxcl) to = -3 (to determine pullback),
3) I want rsi(2) = between 30-70
4) I want trading range = +$1
5) vol +$1 million
6) open,high,low, 1dayago close -- use the hi-open for horizontal lines and trapline (hi+open/2)
7) Select stats which show profit of .10, .20 to be abve 80%

also these items are part of my checklist
7) check earnings
8) close between 5 and 50
9) check aftermarket and premarket for gaps up/down
10) beta above 1
11) check industry/sector for hottest for month)
12) check news

Also since i'm trading an IRA account, I can't use margin to short. (bummer). have to trade long.
however I've heard about the inverse EFTs for a bear markets.
What's your thinking on inverse ETFs?

Thanks for your help


TROs Got Milk filter with alterations follows:

/* TRO STAT SCAN - OPEN TO HIGH */
set{CCb,days(close is above close 1 day ago,100)}
set{CCa,days(close is below close 1 day ago,100)}
set{ClxCl , CCa - CCb}

set{volcnt, count(volume above 1000000, 100) }
set{volzero, count(volume equal 0, 100) }

/* Long Profit Statistics Display */
set{HiOp, high - open}
set{Long_Profit, HiOp }
set{ MaxHiOp , HiOp 100 day high }
set{ MinHiOp , HiOp 100 day low }
set{ AvgHiOp , CMA( HiOp , 100 ) }
set{B0A, count(Long_Profit > .05 , 100)}
set{B1A, count(Long_Profit > .1 , 100)}
set{B2A, count(Long_Profit > .2 , 100)}
set{B3A, count(Long_Profit > .3 , 100)}
set{B4A, count(Long_Profit > .4, 100)}
set{B5A, count(Long_Profit > .5, 100)}
set{B10A, count(Long_Profit > 1.00 , 100)}
set{B20A, count(Long_Profit > 2.00 , 100)}
set{B50A, count(Long_Profit > 5.00, 100)}
SET{GREED, B0A - B1A}

set{T10, count(10 day slope of the close above 0,1)}
set{T60, count(60 day slope of the close above 0,1)}
set{T200, count(200 day slope of the close above 0,1)}
Set{a1, T200 * 1}
Set{a2, T60 * 10}
Set{a3, T10 * 100}
Set{aa, a1 + a2}
Set{TREND, aa + a3}
and add column separator

and add column trend
add column DlxDl
add column HiOp
and add column separator
add column day point range
set{DDb,days(close is above close 1 day ago,100)}
set{DDa,days(close is below close 1 day ago,100)}
set{DlxDl , DDa - DDb}

and add column separator
add column OPEN
add column HIGH
add column LOW
add column CLOSE 1 day ago
and add column separator
and add column rsi(2) 2 day ago {2ago}
and add column rsi(2) 1 day ago {1ago}
and add column rsi(2)
and add column separator

and add column B0A {OVER.05}
and add column B1A {OVER.10}
and add column B2A {OVER.20}
and add column B3A {OVER.30}
and add column B4A {OVER.40}
and add column B5A {OVER.50}
and add column B10A {OVER1.00}
and add column B20A {OVER2.00}
and add column B50A {OVER5.00}
and add column separator
add column atr(10) above 1
add column beta
and add column volcnt
and add column volzero
/* SELECTION CRITERIA */
close between 5 and 50
volume above 1000000
sort column 20 descending


TheRumpledOne
6,359 posts
msg #61161
Ignore TheRumpledOne
modified
4/6/2008 6:07:36 PM

"RIght stock(s)"?

I am not sure why you made alterations.

AAPL and RIMM can be traded profitably.

SPF is great for small accounts.

What EXACTLY are you looking for?

To me, the most important columns are HiOp ( high - open ) and the statistics how many times that amount is above my dollar or percent target.





alp1535
13 posts
msg #61167
Ignore alp1535
4/6/2008 9:44:51 PM

Thanks TRO for clearing that up for me. SPF, appl and rimm are the ones. thank you.

alp1535
13 posts
msg #61180
Ignore alp1535
4/7/2008 10:58:13 AM

Tro, thanks,

spf did just what you said.
open @ 6.16
buy 1000 @ 6.26 waited for .10 cross over
exit @ 6.36 =
profit $100 minus $10 fee
Thanks you

TheRumpledOne
6,359 posts
msg #61183
Ignore TheRumpledOne
4/7/2008 12:16:51 PM

ALP:

SPF is NOT one of the stocks that you wait for the .10 buyzone!!!!

I am happy you made money.

SPF is a POPPER meaning it will pop 10% at least once a week on average. So you "wait for green" and enter. Then take your profit when you can. If you are not greedy, you can trade SPF almost everyday and make money.





alp1535
13 posts
msg #61200
Ignore alp1535
4/7/2008 4:46:08 PM

TRO:
good information. I'll try it. thanks again!

waldr
15 posts
msg #61242
Ignore waldr
4/8/2008 5:56:45 PM

TRO, how would be the best way to handle that one week pop as a swing trader? (at least for a trader that can't watch intra-day market)
Watch for the green using previos day mid cross? Or cross previos week mid or low?

Thx in advance.

TheRumpledOne
6,359 posts
msg #61245
Ignore TheRumpledOne
4/8/2008 7:51:54 PM

TRO, how would be the best way to handle that one week pop as a swing trader? (at least for a trader that can't watch intra-day market)
Watch for the green using previos day mid cross? Or cross previos week mid or low?

Thx in advance.

===================================================

If you can't watch then you have to STOP in and have your SL and TP entered right after your entry.

For the pops, you need to know what your setup is ( like RIMM rsi(2) < 1 ) and what your trigger is ( RIMM open + .10 ).

If RIMM's rsi(2) is less than 1 today, tomorrow you enter at OPEN + .10 and set your TP and SL. Even better if you are FADING THE GAP.

You could use a cross above any of the previous week's values that you mentioned as your entry trigger, too.







waldr
15 posts
msg #61248
Ignore waldr
4/8/2008 11:45:12 PM

Many thx TRO. You are one of earths very unique individuals

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