StockFetcher Forums · Filter Exchange · scans to find all the stocks that are achieving two-day highs or lows accompanied by strong volume<< 1 2 >>Post Follow-up
TheRumpledOne
6,362 posts
msg #88149
Ignore TheRumpledOne
modified
2/11/2010 6:22:27 PM

http://www.traderinterviews.com/content/120SecondsWithTom.php

Tom: That's one of the things I've also been working on in the past 12 months. I could certainly setup real-time scans to find all the stocks that are achieving two-day highs or lows accompanied by strong volume, but I've found a better way. I keep very small positions open in about 300 of my favorite trading stocks - $200-$300. Of course, that may mean a single share or just a few shares depending on the price. Then I simply sort my P&L by gains and this allows me to see which stocks have achieved gains or losses over a two day period. I then pull up charts for those gainers and losers and see which meet my criteria. I then simply add to my long or short position in those stocks. This allows me to enter a position with very small risk. I also am very disciplined, on the long side, about only adding to those positions that are in the top five when I sort for percentage gains. If a stock is not in that top five, I won't add to the position. It's my way of sticking to my personal rule of only buying stocks that are making higher highs and selling stocks that are making lower lows - even if only on a two-day basis.


Tom: I follow the two-day highs because I'm in it for a very short-term. If you're trading short-term then your signals need to be short-term. But also I've found that two days is when the institutional buyers seem to catch on and they also buy in so I'm riding that wave that the big money creates in those stocks as well. When I see stocks make new two-day highs and when the volume is at least 30% above the average, that's a good sign that bigger buyers are coming in.

Tom: Occasionally I'll also take a look at the ADX and if it is climbing toward or just over 40 that's also a good indication. A false breakout can occur when you have a new two-day high but the ADX isn't over 40 so I do watch that out of the corner of my eye when I'm making a decision. It works especially well on longer-term swing trades. I found that 35-day breakout in stocks like Continental or United or some other airline or with health care stocks that have doubled over the last 35 days tends to continue their breakouts when combined with an ADX signal line over 40 - at least for a few days. I like to use a 35-day, 30-minute candle chart for those.


*** WORK IN PROGRESS ***

Fetcher[
/* TRO - 2-BAR BREAKOUT */

set{HH, count(high > high 2 day high 1 day ago,2) }
set{MAXPL, high - high 2 day high 1 day ago}
set{VOL30, average volume (90) * 1.30}


add column MAXPL
add column ADX(14)

show stocks where high > high 2 day high 1 day ago

HH < 2

open < high 1 day ago

close < 10

volume > VOL30

average volume (90) > 1000000
sort column 5 descending

]



Why did I post this filter?

1) Because I can.

2) Need to keep my SF coding skills sharp

3) and it's been a while.



miketranz
716 posts
msg #88178
Ignore miketranz
2/12/2010 9:22:01 AM

Avery,could you post a clickable link the interview you did a while ago? Thank,Mike....

TheRumpledOne
6,362 posts
msg #88185
Ignore TheRumpledOne
2/12/2010 10:10:27 AM

You have to join the site to hear that interview now. They made it a members only site. But...

I did an interview with Tim last week and he said it will be available to all. It shoud be ready in a couple of weeks.



stratiG
147 posts
msg #88192
Ignore stratiG
2/12/2010 11:29:56 AM

Thanks, TRO. Let us know when the interview is released.

TheRumpledOne
6,362 posts
msg #88202
Ignore TheRumpledOne
2/12/2010 12:36:15 PM

That would be tooting my own horn....LOL!!

klynn55
425 posts
msg #88227
Ignore klynn55
2/12/2010 4:35:44 PM

you mean blowing! horn that is!

miketranz
716 posts
msg #88230
Ignore miketranz
2/12/2010 5:06:57 PM

Avery,you're the man,thanks.......

TheRumpledOne
6,362 posts
msg #90005
Ignore TheRumpledOne
3/20/2010 11:33:38 AM

Here is a link to my latest interview:

http://www.traderinterviews.com/free/2010-02-25_Trading-Like-a-Lab-Rat-Avery-Horton-TROFree.php

TheRumpledOne
6,362 posts
msg #90006
Ignore TheRumpledOne
3/20/2010 11:45:19 AM

*** WORK IN PROGRESS ***

Fetcher[
/* TRO STAT SCAN - 2 BAR BREAK OUTS PER WEEK */

set{xRange, high - low}
set{AvgRng, cma(xRange,5) }
set{Long_Profit, high - high 2 day high 1 day ago}

set{B10A, count(Long_Profit > .10 , 100)}

set{A10A, count(Long_Profit > .10 , 1)}
set{chg, sum( A10A - A10A 1 day ago ,5)}

and add column B10A {GT 0.10}
and add column AvgRng

add column chg{(wk)}
add column chg 1 week ago{(-1wk)}
add column chg 2 weeks ago{(-2wk)}
add column chg 3 weeks ago{(-3wk)}
add column chg 4 weeks ago{(-4wk)}
add column chg 5 weeks ago{(-5wk)}
add column chg 6 weeks ago{(-6wk)}
add column chg 7 weeks ago{(-7wk)}
add column chg 8 weeks ago{(-8wk)}
and add column separator
add column industry
add column sector
and add column separator

/* SELECTION CRITERIA */

B10A above 10
close above 1
average volume(90) above 500000

sort column 5 descending
]




TheRumpledOne
6,362 posts
msg #90021
Ignore TheRumpledOne
3/20/2010 4:35:39 PM



*** WORK IN PROGRESS ***

Fetcher[
/* TRO - 2-BAR BREAKOUT */

set{HH, count(high > high 2 day high 1 day ago,2) }
set{MAXPL, high - high 2 day high 1 day ago}
set{VOL30, average volume (90) * 1.30}

set{ LOW5, count( low equal low 5 day low, 4 ) }
add column MAXPL
add column ADX(14)
add column LOW5

show stocks where high > high 2 day high 1 day ago

HH < 2

open < high 1 day ago

close < 10

volume > VOL30

average volume (90) > 1000000
sort column 5 descending

]



StockFetcher Forums · Filter Exchange · scans to find all the stocks that are achieving two-day highs or lows accompanied by strong volume<< 1 2 >>Post Follow-up

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