StockFetcher Forums · General Discussion · ConnorsRSI<< 1 ... 17 18 19 20 21 ... 32 >>Post Follow-up
3,828 posts
msg #110372
Ignore Kevin_in_GA
1/20/2013 3:33:16 PM

Note that this would be for a one day move to that target price - the ConnorsRSI variant I outlined here might take 3 days from entry to exit, so the exact number would vary. Still a useful tool. Thanks for sharing.

55 posts
msg #110373
Ignore saico
1/20/2013 3:45:26 PM

So Kevin, you're using the current WFA settings now?

3,828 posts
msg #110375
Ignore Kevin_in_GA
1/20/2013 4:52:55 PM

I am, for tracking purposes. Here they are:

not ETF
close above 5
close is below day position(0.2,1)
average volume(21) above 250000
adx(5) above 45
low more than 4% below close 1 day ago
set{limitentry, close *0.94}
set{sharestobuy, 20000/limitentry}
add column industry
add column limitentry {target entry}
add column sharestobuy {shares}

draw rsi(2) line at 55
draw entrysignal on plot t2

I am excluding ETFs here to avoid the 2x and 3x leveraged ETFs. Personal choice.

55 posts
msg #110382
Ignore saico
1/21/2013 10:59:12 AM

Not sure what's best to go for a max of 10 stocks and defersify the risk, or a max of 5. Any thoughts?

3,828 posts
msg #110383
Ignore Kevin_in_GA
1/21/2013 12:20:56 PM

5 uniformly gives higher returns - mostly because more of your capital is in play. A typical day might get 1 or 2 hits, so 20% in each gives a higer absolute return than 10%.

15 posts
msg #110410
Ignore riverrun83716
1/22/2013 9:01:31 AM

clsn up nice pre-mkt 7.75 bid at the moment.. Also arna is triggering pre-mkt..

3,828 posts
msg #110417
Ignore Kevin_in_GA
1/22/2013 11:04:40 AM

Yes, ARNA triggered a limit order this morning at 9.18. It's low so far today was 8.80 - currently back at 9.18.

CLSN currently at 7.57 (you were in last week at 6.87).

104 posts
msg #110432
Ignore oldsmar52
1/22/2013 4:13:20 PM

Kevin/Anyone: The filter above is the one you are using now, is that right? Tks, Frank

3,828 posts
msg #110445
Ignore Kevin_in_GA
1/23/2013 9:55:43 AM

I got in to ARNA this morning using a limit ordr at yesterday's low of 8.70. I did not have any limit orders in yesterday but decided to get in on this one since it was so oversold.

Currently have a limit order in for WTW at 54.05, good until EOD.

52 posts
msg #110455
Ignore dcsnowden
1/23/2013 12:58:48 PM

Well .... so much for the system and emotional detachment (lol). Can't really blame you's just plain spoooky scary when stocks gap down like that, especially pharma.....but please tell me you at least sold CLSN....also the open....over 15% gross profit...not bad for < 2 trading days.

StockFetcher Forums · General Discussion · ConnorsRSI<< 1 ... 17 18 19 20 21 ... 32 >>Post Follow-up

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