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 Posted - 02/11/2012 13:44:28   |
I am deleting my posts in this thread.
Part of the question, who is tachyonv? Refer to "Atlas Shrugged" by Ayn Rand, if that question makes no sense to you.
Vince Heiker Senior tachyonv@att.net
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| Posted - 02/11/2012 14:06:19 |
Tachy,
Thanks
a lot for this post that seems to tie together many of the aspects of
your prior topics on trading with KCs, %R, Volatility, AvgVol, etc.
Definitely worth the study time. 
While
he hasn't posted in quite some time, I vaguely recall that Trend39 had
posted a topic about a "retirement strat" that would take $250-500 from
the market each day on high probability, low risk trades. Maybe this
just might be such a "candidate."
How long have you manually been trading this?
Sure do appreciate the post! |
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| Posted - 02/11/2012 14:19:33 |
Since this idea is from a respected person like tachyonv, I am rethinking my "no active trading stocks" policy!
Nice work.
THANKS! |
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| Posted - 02/11/2012 14:29:00 |
quote:
Set up:
-
Find equities having >= $2.00 intraday average price range over past
21 to 34 trading days; last closing price between about $35 to $125 per
share; beta <= 0.7.
When I was trading stocks with similar approach, I also selected stocks with these additional criteria:
1.
Daily volume filter for high volume stocks, at least over 2 million
shares per day, preferable over 5 million. Stocks that get traded
heavily by institutions: Volume/Trade
2. Narrow spreads. 0.01 to 0.03 max
3. Range > 2 and < 5, my sweet spot (Used Range not ATR that includes gaps)
4. Look for Gaps - reversals after open and/or continuation setups, 10:00 to 10:30 ET
RadarScreen, IBD tables
TradingDude
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| Posted - 02/11/2012 20:05:36 |
| Personally, I was afraid to ask. Hopefully those issues are nothing that will prevent you from trading into your 70s and 80s! |
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| Posted - 02/12/2012 14:06:53 |
Tachy,
Thanks
for the replies back answering my questions. Your contributions are
awesome and you are a valued member of this community... Much
appreciated!
And,
ditto. Good luck with your tests next month, which hopefully will be
negative. My uncle had a benign enlarged prostate, took some meds and
only watched and waited for 15+ years for "things" to get worse. They
never did and he lived well into his early 80s.
All the very best to you. |
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| Posted - 02/12/2012 14:15:22 |
quote:
Originally posted by tachyonv
NP, Kevin, no big secret.
One
is Type 2 diabetes, under control, no big deal, but I hate the way it
impacts my mind and memory. Second is enlarged prostate, not uncommon at
my age, am scheduled for biopsy next month, precautionary just in case,
no indication of the big C. No surgery appears necessary at this point.
But it got me thinking. Before the diagnosis last week turned out far
less bad than I felt like and had anticipated, was thinking this might
have been my last Christmas.
Unable to finish the KC book
quickly preferring spending all the time I can with my grandkids, so
thought I'd better start sharing some of this.
That is good to hear, compared to the alternative. Good luck with everything! |
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| Posted - 02/12/2012 16:01:45 |
I
have not traded stocks in a very long time, but your incredible
generosity will cause me to rethink that. Best wishes for your health
and I hope we continue to enjoy your company on the forum for a very
long time.
Tom |
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| Posted - 02/13/2012 08:57:14 |
Tachyonv,
Many thanks for sharing this, its not often someone share's a methodolgy with a long track record so freely.
I
too havnt traded stocks for a while, preferring to trade 1 or 2 index
futures for simplicity using some automated strats I bought from other
forum members. These do make money over time but do also have long DD
periods so thought I would have a look at your setup.
I have
setup a scan with the criteria you have mentioned but cant see how you
can setup the range to be anything other than the default options 0-10
days ago.
How do you setup a scan for the average range between 21 - 34 days ?
Also,
how does the 19% profit compare to previous 3-4 week periods? Is this a
typical return for the time period ? What is your worst DD ?
Hope everything goes well for you in the next few weeks.
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| Posted - 02/13/2012 12:38:35 |
Tachy,
Thru the yrs, I've developed several "assume real-world" ExitOnly AutoStrats and am just wondering...
If
a trader is able to monitor their computer's data-feed, what are your
thoughts on using a StopLoss/ProfitTarget AutoStrat to facilitate
managing multiple positions during the day as related to your 100%
manual strat and based on your "lessons" from trading it?
In advance, thank you! |
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| Posted - 02/13/2012 13:11:56 |
quote:
-
Find equities having >= $2.00 intraday average price range over past
21 to 34 trading days; last closing price between about $35 to $125 per
share; beta <= 0.7; average daily volume > 800,000 shares.
Did you mean beta >=0.7? If not, approx. how many stocks is your screen returning as is? Thanks. |
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| Posted - 02/13/2012 15:48:00 |
| Extremely
generous of you to share this tachyonv, especially in such detail as to
make it easy to reproduce. Thanks and best of luck with the health
stuff! |
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| Posted - 02/13/2012 19:44:39 |
quote:
Originally posted by tachyonv
Another
thing I simply forgot to mention, which helps this method a lot, and
any other discretionary method a lot, for that matter.
tachyonv,
I've
been trading since 1971 and using TS for a few years; I attend my local
TS Users Group. But this is the most generous and clearly expressed,
and, I assume profitable, technique that I've ever seen, including
trading magazines and the 2 tons of my quant books. THANKS!
I
look forward to learning about this method even though I've been away
from daytrading stocks for a long while. Is this method a tachyonv
original, or what?
BTW, of those with Prostate cancer, "Most men die with, not of, prostate cancer". http://www.cancerresearch.org/resources/what-to-do-if-prostate-cancer-strikes.html
To your health,
ant___ |
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| Posted - 02/14/2012 09:51:31 |
Created a .tsw per Tacyonv.
Created a Scanner Scan per Tacyonv.
Found ALXN, EW, LO, NFLX, PRGO, QCOR, RGLD, and RRC.
Looked
at each one before and at open; decided to trade NFLX based on lots of
things that may be difficult to code, but could envision some indicator
aids.
Filled at 118.68 (Sim) in first 5 min bar.
Exited at 119.20 in second 5 min bar.
Left $ on the table, it's now trading above 120.45.
Started off slow but in third 5 min bar and subsequent, rocketed.
Agree with previous post regarding an auto stop. Goose's LeBeau Stops may be a starting point.
ant___
p.s. NFLX trading above 121.00 now. |
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| Posted - 02/14/2012 10:02:07 |
ant -
Were
those 8 the only ones that came up in a scan? I just ran the scan, and
I have 38, but none of the ones you have. Maybe I am doing the scan
wrong. This is what I have below.
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| Posted - 02/14/2012 10:14:46 |
quote:
Originally posted by kevinkdog
ant -
Were
those 8 the only ones that came up in a scan? I just ran the scan, and
I have 38, but none of the ones you have. Maybe I am doing the scan
wrong. This is what I have below.
kevinkdog, here's what I did (atch). Those 8 were the only ones that appeared.
Attachment:DATA/20120214101338JW Screen 144.jpg 76662 bytes
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| Posted - 02/14/2012 11:04:01 |
Ok
Thanks, ant! I had beta wrong. And I'm using different volume avg,
and using Daily Range instead of ATR. I get LO and RRC now. I'm
guessing the diff is with ATR.
I appreciate your help! |
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| Posted - 02/14/2012 11:06:19 |
Tachyonv,
many
thanks for sharing idea and your indicators. Glad that you are doing
well in trading and hope that health serves you the same.
ant,
you
are using ATR, while Tach specifically said to use daily range (
excludes gaps). I am not sure what KJD AveRange is, but that is
probably one of the reasons why scans are different.
Edit: kevin answered the same ... must have been typing at the same time
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| Posted - 02/14/2012 11:14:00 |
quote:
Originally posted by kevinkdog
Ok
Thanks, ant! I had beta wrong. And I'm using different volume avg,
and using Daily Range instead of ATR. I get LO and RRC now. I'm
guessing the diff is with ATR.
I appreciate your help!
Happy to help.
Thanks again for your previous generous assistance. |
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| Posted - 02/14/2012 11:15:00 |
quote:
Originally posted by nickm001
Tachyonv,
many
thanks for sharing idea and your indicators. Glad that you are doing
well in trading and hope that health serves you the same.
ant,
you
are using ATR, while Tach specifically said to use daily range (
excludes gaps). I am not sure what KJD AveRange is, but that is
probably one of the reasons why scans are different.
Edit: kevin answered the same ... must have been typing at the same time
Right you are; thanks. |
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| Posted - 02/14/2012 11:37:56 |
quote:
Originally posted by kevinkdog
Ok
Thanks, ant! I had beta wrong. And I'm using different volume avg,
and using Daily Range instead of ATR. I get LO and RRC now. I'm
guessing the diff is with ATR.
I appreciate your help!
Scans are not the same
Other difference is Beta >= 0.7(Kevin) versus Beta <= 0.70(_Ant)
AveVol 10 days vs 3 months...etc
TradingDude
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