StockFetcher Forums · View by Author: wallman (299 messages) ·  [ Display By: Date / Subject ]<< 1 2 3 4 5 ... 30 >> 
Filter Exchange · FAST%K - AGAIN
wallman
msg #49271
1/15/2007 1:36:20 PM

Hi Dunamis,
you said
"I just change the volume if there are too many results. BUT, I have to say, I find that the majority (90%+) of stocks that the filter throws out (without changing the volume) go up within a five day window. If you back test it by 5 or 6 days you will see what I mean."

I know I've said before that to narrow down lists into a manageable number of matches I've found that bumping up the volume works good for me.
WHAT I forgot to mention is that with a real bottom fishing method such as the Fast%k<10 what I do instead (and please realize I do this because I love the swishy ones and tolerate risk well,I have been trading over 40 years now and RESPECT the market but do not ever FEAR it) is bump up the ADR(10)to get a smaller list of candidates.
Sorry I didn't mention this before but I have so many things I just do naturally , tucked away in the back of my head after so many years of trading,sometimes I forget to mention them.
That's why I'm thinking about writing a book so even I'll remember them, ha.

Anyway check this out:

Fetcher[show stocks where fast stochastic fast %k(14) is below 10 and volume is above 400000 and close is between 1 and 10 date offset is 1/8/07
and sort column 5 descending
average day range(10)is above 8 percent
]


Now this is from last Monday list,a week ago.
Without the ADR added it returned 54 matches with 45 green, 9 red with 8 over 10% gains. Great in itself but maybe too many to manage for most folks.
So adding ADR(10)>4% cuts it down to 29 matches,only 4 red while losing only 1 10%+ gainer.
Upping the ADR to 8% gives 4 matches, all double digit gainers with an average 3 day hold of 44% and current percent gain of 37%!

Date offset of 12/29 gives a perfect example of bumping up ADR% while dropping off losers but keeping many of the nice gainers.
W/o any ADR the scan gives 49 matches, currently 40 gains/9 losses with 14 double digit gainers. Very nice indeed but a lot of matches.
ADR 3% gives 29 matches, 25 gainers/4 losers with 11 double digit gains. Still real nice.
ADR 4% gives only 14 matches but the win/loss ratio is now 14/2 with 6 being double digit gains. Now it's even nicer if you are looking for a smaller list.
Looking for a very small list of 4 I upped it to ADR 6.9 (yes you can bump by tenths) which shows currently all 4 green with 2 of them double digit hits.

Dunamis, if you are interested in this I can be reached at greenonthescreen AT gmail.com if you have any comments or questions.

P.S. You are right about many of the matches going up in that 5-6 day window, plus many keep going much higher as the days go by.
Witness 1 trading month ago 12/12, VXGN and MNCS are still over 100% each and have never really showed signs of backing down if you look at their charts.
Not to suggest we'd ever hold that long but you never know.






Filter Exchange · White candle
wallman
msg #49268
1/15/2007 11:58:01 AM

Unless you really are looking for the "fund" types it's ADR(10)>3 percent


Filter Exchange · FAST%K - AGAIN
wallman
msg #49246
1/14/2007 12:49:25 PM

Dunamis,

You are welcome.

"The CORRECT use of it consistently produces results that are outstanding. Two stocks from last week that produced for me were DRL and BMD (see my stocktickr account). This filter gives OUTSTANDING results... but obviously not guaranteed."

I added you to "my friends" list at Stocktick on 11/28 and check you everyday.
I've been meaning to tell you what a great job you've done as I check your port everyday.

9 out of the 10 open trades green with 6 double digits!!
DRL was a White candle below the LBB when you added it,I kinda thought you had a good one there.

Nice job,
Muddy


Filter Exchange · The “Volume is greater then …” is severely flawed
wallman
msg #49245
1/14/2007 12:30:00 PM

Thanks Yepher,

I'd like to know also.


Filter Exchange · White candle
wallman
msg #49244
1/14/2007 12:22:20 PM

For the 2 folks here I know besides myself that trade off this filter I've added ADR(10)>3 to weed out funds and the like. BLU MFA as examples.

Fetcher[where close is above open and price is below lower bollinger band(20)and volume is greater than 100000 and price is between .30 and 15
offset is 1/8/07
average day range(10)is above 3 percent
]



This can bring up some nice swing trades.
TELK from 12/29/06 was caught at bottom (plus the fact it finally worked inside the LLB the next day,another really good angle I've mentioned before).
DRL, 5 days down and with increasing volume on the fastk filter and FMDAD also on the fastk and also 5 days down which went unreal the next day both from 1/8

From the looks not much interest in this,probably because it's too simple, but that's how we make our money.



Filter Exchange · FAST%K - AGAIN
wallman
msg #49220
1/13/2007 1:24:11 AM

"I know you have generated several filters, all great. Do you consider this filter your best? If not, which one ?"

The fast%k for it's value for swing trades by far.

The squeeze/volume increase/price breakout (sq/vol/br)for the way it gives awesome "3 play" setups.
From the sq/vol/br filter you get:
Flag pattern setups,UBB Zone (ema13/sma20 or ema5 if you wish) pullbacks,and MOMO ON GREEN.

And I have to add the NO FILTER.
For daytrading and occasional overnight holds for the gap up on open for those who can watch during trading hours.
The scrolling HOD list WITH vol % increase.


Filter Exchange · FAST%K - AGAIN
wallman
msg #49219
1/13/2007 1:06:00 AM

"My suggestion to lower the Rsi(2) was in response to a question on how to reduce the number of stocks from a RSI(2) scan"


"Your filter generated 46 stocks three days ago. How does one keep an eye on all 46 so to catch the 6 double digit gainers? Do you have a method to narrow down the number?"

As with any filter I believe if you want to narrow the list down to a workable number for you,you should add "average volume(90)is 200,000" and keep bumping up the average volume until you have the desired number of matches you wish.

Corsino,
This is why I use the fast%k<10 as a "bottom fisher" filter instead of RSI(2)below whatever.

TELK - Telik, Inc. 5.48 9.16 3735600 97.97 9.24 -0.00 +10.40%
You'll see here RSI(2)was 97.97 and Williams%R(10) was the highest value possible, -0.00,yet because fast%k was under 10 it hit this filter. I love any bottom fisher filter that can give me a RSI(2)of 98!!
And also TELK could have been caught at the near start of it's run:

TELK - Telik, Inc. 4.57 2.01 1671400 50.17 1.94 -97.93 +32.3
TELK was a 50 RSI(2) that day,the 2nd highest on a list of 54, BUT a very low fast%k at 1.94
Now this tells me that when one like this shows a "good" RSI2 and a low fastk14,it has plenty of room to run once it turns GREEN.

I don't use RSI(2)below 1 much anymore because my filter picks up many of the same ones from the rsi(2)below 1 but does not pick up ones like this:

FMDAD - Futuremedia Public ... 1.60 -4.76 591100 1.52 7.20 -92.80 +80.00%
FMDAD had a RSI(2)1.52 so would have been missed,plus it had a good fast%k of 7.20 compared to the low RSI(2) reading.This "divergence" setup is explained in detail in the Public Filters Forum.

One note here while I'm blabbing
FMDAD was already on my radar because it had just changed symbols in the few days prior.
I've said this many times,these recent symbol changes can give a powerful move in upcoming days.
Witness CPSL that changed symbols 12/29 from OLAB which was already on my watch list for that day.
From the blog:

Friday, December 29, 2006
OLAB

Symbol below in watches OLAB is now CPSL

Entering under 11 here again for hopeful run back

Posted by Muddy

CPSL opened at 5.45 and hit a hod of 13.73!
Needless to say we had alot of happy folks in the chat that day.


Filter Exchange · FAST%K - AGAIN
wallman
msg #49169
1/12/2007 7:26:30 AM

I'll start a new thread here because the discussion i'm replying to regards Corsino's reply regarding RSI(2)and the original poster is asking about RSI(2)so they can keep it on topic there.
But I have to reply to this and it involves the Fast%k(14) below 10.

"I see no reason why it has to be RSI(2)<1. It could be RSI(2)< 0.5 or any number less than 1 if you wish to reduce the number of stocks. Also, lowering the number may improve the results."

Corsino,you have to understand I've been trading realtime the RSI(2)for a few years now after being told about it by TRO.So I believe I know the ins and outs of it very well.
Reducing the RSI(2) to below 0.5 is throwing tons of winners out that are between 0.50 and 1
In fact using RSI(2)only below 1 is also throwing tons out also.
This is no disrespect to TRO.He and I are very good friends and he knows how I feel about this.


My belief is the Fastk14 below 10 catches way more big gainers than using RSI(2).
Look at this filter:

Fetcher[show stocks where fast stochastic fast %k(14) is below 10 and volume is above 400000 and close is between 1 and 10 date offset is 3
and sort column 5 descending
]



Use the 3 day offset here and you see 7 double digit gainers TELK LNX FMDAD (93%) DSTI (33%) JAVO FICC
Only FICC was under 0.50 and TELK at RSI(2)50 LNX 2 FMDAD 1.50 DSTI 1.19 were over RSI(2)1

Muddy


General Discussion · BUY ON RED !!!
wallman
msg #49146
1/11/2007 11:34:37 AM

Corsino,

Very nice MOBE.
Good one!

now we got multi day down DSTI rocking,just now crossed $3
Huge volume.

Maybe your filter caught that?
Good luck ... I really do like your stuff BTW:)


General Discussion · BUY ON RED !!!
wallman
msg #49144
1/11/2007 11:13:38 AM

"I will sell by 10:30 most times as these tend to fade after 30-60 mins after the open."

At 10:00 exactly OBCI started down and is now RED.
But not until another 13% was gotten.
This stuff is so predictable.

Roll the profits into ZICA here a Zone pullback that was a former sq/vol/break that just went GREEN at 1.71 and trail the stop up and you have a nice day.

And if I want I leave at noon and take the rest of the day off.

And for me it all begins with a GREEN hold.

Respectfully,Muddy


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