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.

---

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.

---

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.

---

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.

---

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.

 

---

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!

---

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

 

---

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!

---

inputs: 
	Length( 26 ); 
 
variables: 
	AvgRange1( 0 ) ; 
 
Value1 = h - l ; 
 
AvgRange1=average(value1,length); 
 
Plot1( AvgRange1, "AvgRange1" ) ;  

select all

quote:

---

Originally posted by TradingDude
 

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

 

---

quote:

---

Originally posted by split
Thanks Tach for Tradeable Symbols link.

Ive got the basic scan working and installed the tradeable symbols list indicator... DD

---

quote:

---

Originally posted by split
 

quote:

---

Originally posted by TradingDude
 

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

 

---

Is the Beta calculation in TS the same as the one on yahoo that Tach referred to ?

---

quote:

---

Originally posted by kevinkdog
I just ran it at 4:45 PM ET, and got 3: EW, LO, RRC

Can someone confirm?

---

quote:

---

Originally posted by kevinkdog
Scanner scan. Is that the wrong thing to run? What would the difference be?

Sorry for the ignorance on my part. Believe it or not, in 6 years I've never done either of these things until now!

---

quote:

---

Originally posted by kevinkdog
I just ran it at 4:45 PM ET, and got 3: EW, LO, RRC

Can someone confirm?

---

quote:

---

Originally posted by Tripk
 

quote:

---

Originally posted by kevinkdog
I just ran it at 4:45 PM ET, and got 3: EW, LO, RRC

Can someone confirm?

---

Kevin, my end of day run returned the following: OPEN, NFLX, LNKD, ALXN, RRC, TQQQ, LO & V

Hope that helps.
 

---

quote:

---

Originally posted by kevinkdog
 

quote:

---

Originally posted by Tripk
 

quote:

---

Originally posted by kevinkdog
I just ran it at 4:45 PM ET, and got 3: EW, LO, RRC

Can someone confirm?

---

Kevin, my end of day run returned the following: OPEN, NFLX, LNKD, ALXN, RRC, TQQQ, LO & V

Hope that helps.
 

---

Thanks Trip. Maybe a screen shot of how you're getting that will help me. Here is mine. It runs it on 7937 stocks, and ends up with 3. My averagerange calc is the 21 day average of the high-low.


 

---

quote:

---

Originally posted by kevinkdog
Can you show a screenshot how you got 8? I only have 3, so I must be doing something wrong!
 

quote:

---

Originally posted by kevinkdog
Thanks Tom. I understand now. We have Beta calc the same, all others a little different. Like "vol" for example. I'm using "vol avg (10 day)" and you are using "vol (10 days ago)"

It looks like we are doing things the same, just with different criteria. I thought I may just have been doing it all wrong.

I appreciate it!

---

quote:

---

Originally posted by tachyonv
ALXN good entries at 9:30 (Central) around $82.65, now trading at $83.86.
NFLX good entries at 9:30 around $121.70 now trading at $124.09.
PRGO good entries at 9:30 around $94.35, rose to $94.85 around 10:50 am, although now trading back down around $94.46.
RRC good entry at 9:30 at $63.00, rose to $63.55 and thereabouts multiple times, now trading around $63.39.
 

---

quote:

---

Originally posted by ant___
 

quote:

---

Originally posted by tachyonv
ALXN good entries at 9:30 (Central) around $82.65, now trading at $83.86.
NFLX good entries at 9:30 around $121.70 now trading at $124.09.
PRGO good entries at 9:30 around $94.35, rose to $94.85 around 10:50 am, although now trading back down around $94.46.
RRC good entry at 9:30 at $63.00, rose to $63.55 and thereabouts multiple times, now trading around $63.39.
 

---

tachyonv,
I notice now that you are in Central time, which means that you entered trades at 10:30 Eastern (one hour after market open), true?
thanks,
ant___

quote:

---

Originally posted by tachyonv
Yes ant, all times I mention in this thread are Central.

---

quote:

---

Originally posted by tachyonv
Check OPEN. Nice entry at 9:30 today at about $45.00. Traded as high as $47.65, now at $46.73.

Notice that these LONG trades make $$$ when the DOW30 is down. This is the reason for the beta parameter.

---

quote:

---

Originally posted by tachyonv
Off topic but part of my day...three grandsons arrived about 12:30 and have been eating constantly since. Wife and I can barely keep up with supplying them food.

Am absolutely going to HAVE to keep trading to keep them in food for when they visit here each week. Beyond belief how much they each eat. None are even a little chubby - all goes to energy and growing.

Mind boggling to consider how much they will be eating in just five more years. May need to keep a refridgerated truck full of food stationed and running in our driveway, besides our current freezer and fridge and pantry.

---

Inputs: 
EndTime(1140), 
BarsBack(24); 
 
vars: 
FullProfit(0), 
NumberOfDays(0), 
PercentFullProfit(0), 
LowestBarN(0), 
LowestBarClose(0), 
HighestBarN(0), 
Diff(0); 
 
If BarNumber = 1 then clearprintlog; 
If BarNumber = 1 then NumberOfdays =1; 
If Date <> date[1] then NumberOfdays = NumberOfDays + 1; 
 
If Time = EndTime and lowestfc(close,barsback) < OpenD(0) then begin 
 
LowestBarN = LowestBar(low, BarsBack); 
LowestBarClose = close[LowestBarN]; 
 
HighestBarN = HighestBar(High,LowestBarN); 
Diff = highestfc(High,LowestBarN ) - LowestBarClose { lowestfc(low, BarsBack)}; 
If Diff > .52 then FullProfit = FullProfit + 1; 
if FullProfit >= 1 then PercentFullProfit = 100 / ( NumberOfdays / FullProfit )  ; 
 
end; 
 
plot1( PercentFullProfit,"WinRate"); 
{ 
if Time = EndTime then Print (" date= ", d, " NumberOfdays= ", NumberOfdays, " LowestBarN= ", LowestBarN, " LowestBarLow= " , lowestfc(low, BarsBack), " LowestBarClose= ", LowestBarClose, 
 " HighestBarN= ", HighestBarN, " HighestHigh= ", highestfc(High,LowestBarN ), " Diff= ", Diff, " FullProfit= " , FullProfit , " PercentFullProfit= " , PercentFullProfit , "%" ); 
 }
select all

quote:

---

Originally posted by tachyonv
In the real world, split, had only one loss in Jan and it was with a different method, and one loss so far in Feb. Without looking the code, I'd say something wrong with it.

---

Inputs: 
EndTime(1140), 
BarsBack(24), 
IncEndtimeClose(0), 
FullTarget(.52), 
LowestBarEntry (close); 
 
vars: 
FullProfit(0), 
PartialProfit(0), 
NumberOfDays(0), 
PercentFullProfit(0), 
LowestBarN(0), 
LowestBarClose(0), 
HighestBarN(0), 
Diff(0); 
 
If BarNumber = 1 then clearprintlog; 
 
If Time = EndTime and lowestfc(close,barsback) < OpenD(0) then begin 
NumberOfdays = NumberOfDays + 1; 
LowestBarN = LowestBar(low, BarsBack); 
LowestBarClose = LowestBarEntry[LowestBarN]; 
 
HighestBarN = HighestBar(High,LowestBarN); 
Diff = highestfc(High,LowestBarN ) - LowestBarClose { lowestfc(low, BarsBack)}; 
If Diff > FullTarget then FullProfit = FullProfit + 1; 
if IncEndtimeClose = 1 then begin 
If Diff < FullTarget and  close[1] > LowestBarClose then PartialProfit = PartialProfit + 1; 
end; 
if FullProfit >= 1 then PercentFullProfit = 100 / ( NumberOfdays / (FullProfit + PartialProfit) )  ; 
 
end; 
 
plot1( PercentFullProfit,"WinRate"); 
{ 
if Time = EndTime and lowestfc(close,barsback) < OpenD(0) then Print (" date= ", d, " NumberOfdays= ", NumberOfdays, 
 " LowestBarN= ", LowestBarN, " LowestBarLow= " , lowestfc(low, BarsBack), " Entry= ", LowestBarClose, 
 " HighestBarN= ", HighestBarN, " HighestHigh= ", highestfc(High,LowestBarN ), " Diff= ", Diff, " FullProfit= " , FullProfit , " PercentFullProfit= " , PercentFullProfit , "%" ); 
} 
 

select all

quote:

---

Originally posted by kevinkdog
Nice job Hook!

What was the trigger for you (the RSI crossing above 20?)? What kind of entry order did you place - market, limit, stop?

---

quote:

---

Originally posted by theHook
Played RGLD this morning 200 shares entry at 9:50est at $69 out 9:56est $69.52.

fyi -- almost no heat on this trade.

Setup much like tach described on page one except used beta .8 on scan.



 

---

quote:

---

Originally posted by theHook
 

quote:

---

Originally posted by kevinkdog
Nice job Hook!

What was the trigger for you (the RSI crossing above 20?)? What kind of entry order did you place - market, limit, stop?

---

Yes. under Keltner channel, %r up above 20 and green candle and price rising -- limit entry, stop of $1.00 exit $0.52. Used the Matrix with a limit entry with OSO, Exit - Brk 1L/1S.

That said, I have no idea what I am doing. I scalp the ES futures for a living.

---

quote:

---

Originally posted by theHook
kevinkdog, for larger shares size it may take a market order, just don't know.

---

quote:

---

Originally posted by kevinkdog
Tradable Symbol thread: https://www.tradestation.com/Discussions/Topic.aspx?&Topic_ID=36561
 

---

quote:

---

Originally posted by theHook
 

quote:

---

Originally posted by kevinkdog
Tradable Symbol thread: https://www.tradestation.com/Discussions/Topic.aspx?&Topic_ID=36561 [/quote]


Thanks, I will look at it. I just used the scan!

---

That's what I am using too.

quote:

---

Originally posted by AdmiralF
ALXN would either have worked or stopped you out depending on when you entered (before/after 10 CT). QCOR would have stopped out.
AF

---

quote:

---

Originally posted by tachyonv
My last screen, as mentioned earlier in this thread, was over 30 days ago, Admiralf.

Does not have to get to lower KC for entry. I also look at support, resistance, %R, candlesticks, etc., as explained in a presentation in Las Vegas at TS Conference in 2004. And at time of day, intraday cycles.

PRGO closed at target profit.

---

quote:

---

Originally posted by theHook
ALXN - looks like it would have worked too (did not trade).

---

quote:

---

Originally posted by 4trading
 

quote:

---

Originally posted by theHook
ALXN - looks like it would have worked too (did not trade).

---

That's an interesting looking volume indicator theHook. If you don't mind me asking, how does it work? Volume of ticks filled at bid vs. ask or in-between?

P.S. Thanks to tachyonv for reminding me of this technique.

---

quote:

---

To get an idea of .52 target winrate I have written an indicator to plot the percentage winrate based on being an expert trader buying on the close of the lowest low 5min bar (If only I knew this beforehand!) before 10:30(Central) and the highest high since the lowest low bar being greater than .52. It also assumes the close of the lowest bar is less than the Open of the day but this can be changed easily to fit your own entry

---

quote:

---

Originally posted by split
Not sure if anyone is interested in this indicator but i did find an error in the way it calculated the days traded so here is an updated version which also includes inputs so can include closing at endtime.


 

Inputs: 
EndTime(1140), 
BarsBack(24), 
IncEndtimeClose(0), 
FullTarget(.52), 
LowestBarEntry (close); 
 
vars: 
FullProfit(0), 
PartialProfit(0), 
NumberOfDays(0), 
PercentFullProfit(0), 
LowestBarN(0), 
LowestBarClose(0), 
HighestBarN(0), 
Diff(0); 
 
If BarNumber = 1 then clearprintlog; 
 
If Time = EndTime and lowestfc(close,barsback) < OpenD(0) then begin 
NumberOfdays = NumberOfDays + 1; 
LowestBarN = LowestBar(low, BarsBack); 
LowestBarClose = LowestBarEntry[LowestBarN]; 
 
HighestBarN = HighestBar(High,LowestBarN); 
Diff = highestfc(High,LowestBarN ) - LowestBarClose { lowestfc(low, BarsBack)}; 
If Diff > FullTarget then FullProfit = FullProfit + 1; 
if IncEndtimeClose = 1 then begin 
If Diff < FullTarget and  close[1] > LowestBarClose then PartialProfit = PartialProfit + 1; 
end; 
if FullProfit >= 1 then PercentFullProfit = 100 / ( NumberOfdays / (FullProfit + PartialProfit) )  ; 
 
end; 
 
plot1( PercentFullProfit,"WinRate"); 
{ 
if Time = EndTime and lowestfc(close,barsback) < OpenD(0) then Print (" date= ", d, " NumberOfdays= ", NumberOfdays, 
 " LowestBarN= ", LowestBarN, " LowestBarLow= " , lowestfc(low, BarsBack), " Entry= ", LowestBarClose, 
 " HighestBarN= ", HighestBarN, " HighestHigh= ", highestfc(High,LowestBarN ), " Diff= ", Diff, " FullProfit= " , FullProfit , " PercentFullProfit= " , PercentFullProfit , "%" ); 
} 
 

select all

Made another change to original code to calculate partial profits closing at 1035(Central).

Now Im getting winrates in the 80% area.

Now to find entrys near the lows......

Any help in getting it to work in Radarscreen much appreciated.

---

quote:

---

Originally posted by theHook
I did NFLX this morning for 200 shares in at 9:55est and out at 10:11est for a +.52.

In ALXN at 10:25est (may regret this one)!

---

quote:

---

Originally posted by kevinkdog
 

quote:

---

Originally posted by theHook
I did NFLX this morning for 200 shares in at 9:55est and out at 10:11est for a +.52.

In ALXN at 10:25est (may regret this one)!

---

On the first one, you bought before the RSI closed above 20? That is a change from how you entering yesterday, right? I guess as tachyonv says, there is discretion. You picked a sweet entry point! Congrats

---

quote:

---

Originally posted by ant___
TO: theHook, split and tachyonv,

Thanks for your most recent and helpful posts.

Just a couple of questions:
- theHook & split: Did either/both of you use support/resistance in your entry considerations?
- tachyonv: It's my understanding that entries w/your method should occur after 10:15 and before
10:45, but I see good entries a few bars after open, like theHook's and split's. Is the
10:15/10:45 part of the method flexible?

Thanks,
ant___

---

quote:

---

Originally posted by theHook
 

quote:

---

Originally posted by ant___
TO: theHook, split and tachyonv,

Thanks for your most recent and helpful posts.

Just a couple of questions:
- theHook & split: Did either/both of you use support/resistance in your entry considerations?
- tachyonv: It's my understanding that entries w/your method should occur after 10:15 and before
10:45, but I see good entries a few bars after open, like theHook's and split's. Is the
10:15/10:45 part of the method flexible?

Thanks,
ant___

---

No -- not yet -- still working on that idea! Got any?

---

quote:

---

Originally posted by theHook


 17242 bytes

---

quote:

---

Originally posted by 4trading
 

quote:

---

Originally posted by theHook


 17242 bytes

---

Hi theHook:

Your $Tick histograms look sort of translucent. That's something new to me in TS. Looks great...

---

 
inputs:  
	Plot1Formula( iff(close>0,close,0)),  
	Plot2Formula( iff(close<0,close,0)),  
	Plot3Formula( iff(close>0,high,0)),  
	Plot4Formula( iff(close<0,low,0)),  
	AlertCondition( false) ; 
 
if Plot1Formula <> 0 then 
	Plot1( Plot1Formula )  
else  
	NoPlot(1);	 
if Plot2Formula <> 0 then 
	Plot2( Plot2Formula )  
else  
	NoPlot(2);	 
if Plot3Formula <> 0 then 
	Plot3( Plot3Formula )  
else  
	NoPlot(3);	 
if Plot4Formula <> 0 then 
	Plot4( Plot4Formula )  
else  
	NoPlot(4);	 
 
if AlertCondition then 
	Alert ; 
 
 
{ ** Copyright (c) 2001 - 2010 TradeStation Technologies, Inc. All rights reserved. **  
  ** TradeStation reserves the right to modify or overwrite this analysis technique  
     with each release. ** 
      
     This indicator started with the TS supplied Custom 4 Lines.  
      
      } 
 

select all

quote:

---

Originally posted by bwjr
I was using AvgTrueRange instead of AvgRange using a length of 34, so I fixed that. Now I've only got four symbols: ALXN, NFLX, PRGO, and RRC. I noticed some of you are using VolAvg(3 Mon) in the scanner, which I believe is a monthly average, not a daily average, which explains why the larger number of symbols. Kevin, I entered AXLN at 10:45 when the %R was turning up, just got lucky.

---

//this calculates the average time of the low of the morning, for all dates in the chart 
 
//use this with 5 minute bars 
 
//assumes the chart is in Eastern time 
 
//Kevin J. Davey  <a href="mailto:kdavey@kjtradingsystems.com">kdavey@kjtradingsystems.com</a>  
//Version 1.0 
//Feb 17, 2012 
 
vars:lowtoday(99999.),lowtodaytime(0),numberofdays(1),SumLowTodayTime(0); 
 
If date<>date[1] then begin 
	lowtoday=99999.; 
	lowtodaytime=0;  //minutes since midnight for the time of the low 
	numberofdays=numberofdays+1; 
end; 
 
if time <=1200 then begin 
	if low<lowtoday then begin 
		lowtoday=low; 
		lowtodaytime=TimeToMinutes(time); 
	end; 
end; 
 
 
//at 12:05, add the lowtodaytime in to SumlowTodayTime 
var:bl("	"); 
 
if time=1205 then begin 
	SumLowTodayTime=SumLowTodayTime+lowtodaytime; 
//	print(date,bl,lowtodaytime,bl,numberofdays); to debug 
end; 
 
if lastbaronchart then 
	print(symbolname," On average, low occurs at ", MinutesToTime(SumLowTodayTime/NumberofDays)); 

select all

quote:

---

Originally posted by kevinkdog
Since so far in this thread I have been taking, I thought I'd give a little...

Maybe it is useful to know the "average" time that the low of the morning (before 12 PM ET) is made. This little strategy does it. It assumes Eastern time zone. I used "1" for maximum bars back, so that it picks up the first day. It assumes 5 minute bars. Here is code, followed by some results:

I ran this for the last 100 days for the scan stocks, here is the output:

ALXN On average, low occurs at 1022.00
EW On average, low occurs at 1014.00
NFLX On average, low occurs at 1014.00
PRGO On average, low occurs at 1023.00
RRC On average, low occurs at 1031.00


This says, at least for these stocks recently, to look for a low around 10:15 to 10:30 Eastern on average.

"Average" may not be the best thing to use. Maybe a median time, or most frequent time, would be better. I'll leave improvements up to each individual.

Thanks again to tachyonv for starting this thread!
 

---

 
//this calculates the average time of the low of the morning, for all dates in the chart  
  
//use this with 5 minute bars  
  
//assumes the chart is in Eastern time  
  
//Kevin J. Davey  <a href="mailto:kdavey@kjtradingsystems.com">kdavey@kjtradingsystems.com</a>   
//Version 1.0  
//Feb 17, 2012  
 
// Modified by Walt W. Hooker 2/17/2012 Added Plot 
 
// Indicator: KJDTimeAvgLow 
 
Inputs: LowFactor(.15), 			// distance below low on bar when low average time is indicated.  
		PrintLog(False);			// true will print EL Output Log	 
  
vars:lowtoday(99999.),lowtodaytime(0), 
	numberofdays(1),SumLowTodayTime(0),  
	lowOfDaytime(0), printToday(false);  
  
If date<>date[1] then begin  
	lowOfDayTime = MinutesToTime(SumLowtodayTime/NumberofDays); 
	lowtoday=99999.;  
	lowtodaytime=0;  //minutes since midnight for the time of the low  
	numberofdays=numberofdays+1;  
	printToday = false; 
end;  
  
if time <=1200 then begin  
	if low<lowtoday then begin  
		lowtoday=low;  
		lowtodaytime=TimeToMinutes(time);  
	end;  
end;  
  
  
//at 12:05, add the lowtodaytime in to SumlowTodayTime  
var:bl("	");  
  
if time=1205 then begin  
	SumLowTodayTime=SumLowTodayTime+lowtodaytime;  
//	print(date,bl,lowtodaytime,bl,numberofdays); to debug  
end;  
 
if lastbaronchart and printToday = false and PrintLog then begin;  
	print(symbolname," On average, low occurs at ", lowOfDayTime);  
	printToday = true; 
end; 
 
if time >= lowOfDayTime and time[1] < lowOfDayTime then  
	Plot1(low - LowFactor, "LODT");  
 

select all

quote:

---

Originally posted by kevinkdog
I've seen a few people mention the good trade in AXLN today, and it does look like there was a good one around 10:25 ET. But what about entries at times shown below? What were reasons against entering on close of bar 1, or bar 2, or bar 3?

Thanks

---

quote:

---

Originally posted by theHook
I just did a scan and came up with:

ALK
ALXN
ESI
GOLD
MWIV
NFLX
PRGO
RGLD
RRC
STRA
TDG
V

Scan parameters:

 13112 bytes
 

---

quote:

---

Originally posted by split[br}Hi theHook

Where did you get the AvgRange indicator from, did you create it yourself ? I dont believe there is one in TS
 

---

 
inputs:  
	Length( 34 );  
  
variables:  
	AvgRange1( 0 ) ;  
  
Value1 = h - l ;  
  
AvgRange1=average(value1,length);  
  
Plot1( AvgRange1, "AvgRange1" ) ;   
 

select all

quote:

---

Originally posted by tachyonv
Went back and edited my first post in this thread. Probably worth re-reading this newly edited first post.

---

quote:

---

Originally posted by binthere
tach, thx for sharing and updating!
having trouble with my RadarScreen, would someone share a screenshot of how the RadarScreen looks with the updated conditions?
it seems that i'm getting to many symbols, here is mine

thx!!, binthere
 

---

quote:

---

Originally posted by tachyonv
Updated the first post in this thread still more, to try and make the symbol selection clearer. Been doing this too long, its too easy for me to fail to explain clearly enough for others. My bad.

---

quote:

---

Originally posted by binthere
Hook,
here comes a newbie question, how did u make the tradable indy to show in radar?, what did u modify?
thx, binthere

---

quote:

---

Originally posted by binthere
could you explain what should be changed to make it work in scan so i could learn and not bother in the future? :)
when i open a new indicator under development enviroment it doesn't give a option to make indicator available on scan
thx, binthere

---

quote:

---

Originally posted by theHook
I agree with tachyonv it is easy to get to those numbers or 10 round trips for futures but when you don't
use TS as your broker it a bit different.
 

---

// Indicator: KJDTimeAvgLow 
//this calculates the average time of the low of the morning, for all dates in the chart   
//use this with 5 minute bars   
//assumes the chart is in Eastern time   
 
//Kevin J. Davey  <a href="mailto:kdavey@kjtradingsystems.com">kdavey@kjtradingsystems.com</a>    
//Version 1.0   
//Feb 17, 2012   
 
// Modified by Walt W. Hooker 2/17/2012 Added Plot  
// Modified by ant___ 2/20/2012 Added Earliest/Latest LODT Plots  
 
Inputs:  
	LowFactor(.20), 			// distance below low on bar when low average time is indicated.   
	PrintLog(False);			// true will print EL Output Log	  
  	 
vars: 
	lowtoday(99999.), 
	double lowtodaytime(0),  
	numberofdays(1), 
	SumLowTodayTime(0),   
	lowOfDaytime(0),  
	printToday(false), 
	Earliest_LODT(0), 
	Latest_LODT(0);   
   
If 	date<>date[1] then begin   
	lowOfDayTime = MinutesToTime(SumLowtodayTime/NumberofDays); 
	Earliest_LODT = Lowest(lowOfDayTime, NumberofDays);	///Latest LODT Calcs over NumberofDays/// 
	Latest_LODT = Highest(lowOfDayTime, NumberofDays); 	///Latest LODT Calcs over NumberofDays/// 
	lowtoday=99999.;   
	lowtodaytime=0;  //minutes since midnight for the time of the low   
	numberofdays=numberofdays+1;   
	printToday = false;  
end;   
   
if 	time <=1200 then begin   
	if low<lowtoday then begin   
		lowtoday=low;   
		lowtodaytime=TimeToMinutes(time);   
	end;   
end;   
   
//at 12:05, add the lowtodaytime in to SumlowTodayTime   
var:bl("	");   
   
if time = 1205 then begin  
	SumLowTodayTime=SumLowTodayTime+lowtodaytime;   
	print(date,bl,lowtodaytime,bl,numberofdays); //to debug   
end;   
  
if 	lastbaronchart and  
	printToday = false and  
	PrintLog then  
		begin   
			print(symbolname," On average, low occurs at ", lowOfDayTime);  
			print(symbolname, " Earliest LODT is ", Earliest_LODT, " averaged over last ", NumberofDays, " days.");	///Earliest LODT Plots/// 
			print(symbolname, " Latest LODT is ", Latest_LODT,   " averaged over last ", NumberofDays, " days.");	///Latest LODT Plots/// 
			printToday = true;  
		end;  
  
if 	time >= lowOfDayTime and  
	time[1] < lowOfDayTime then   
		Plot1(low - LowFactor, "LODT", white, default, 5);   
 
///Earliest/Latest LODT Plots/// 
if 	time >= Earliest_LODT and  
	time[1] < Earliest_LODT then   
		Plot10(low - (LowFactor + 0.40), "E_LODT", white, default, 5); 
		 
if 	time >= Latest_LODT and  
	time[1] < Latest_LODT then   
		Plot11(low - (LowFactor + 0.80), "L_LODT", white, default, 5);   

select all

quote:

---

Originally posted by ant___
theHook,
Where'd u get the screenshot drawing tools?
Cool!

---

quote:

---

Originally posted by tachyonv
Appears we've enough trading this that there are some fill challenges this morning. Not unexpected.

Nice ALXN trade, theHook, hope it was real and not just simulation.

---

quote:

---

Originally posted by tachyonv
Explanation of Beta from SmartMoney:

HOW MUCH volatility can you expect from a given stock? That's well worth knowing if you want to avoid being shocked into panic selling after buying it. Some stocks trend upward with all the consistency of a firefly. Others are much more steady. Beta is what academics call the calculation used to quantify that volatility.

The beta figure compares the stock's volatility to that of the S&P 500 index using the returns over the past five years. If a stock has a beta of 1, for instance, it means that over the past 60 months its price has gained 10% every time the S&P 500 has moved up 10%. It has also declined 10% on average when the S&P declines the same amount. In other words, the price tends to move in synch with the S&P, and it is considered a relatively steady stock.

The more risky a stock is, the more its beta moves upward. A figure of 2.5 means a gain or loss of 25% every time the S&P gains or loses just 10%. Likewise, a beta of 0.7 means the stock moves just 7% when the index moves in either direction. A low-beta stock will protect you in a general downturn, a high Beta means the potential for outsize rewards in an upturn.

That's how it is supposed to work, anyway. Unfortunately, past behavior offers no guarantees about the future. If a company's prospects change for better or worse, then its beta is likely change, too. So use the figure as a guide to a stock's tendencies, not as a crystal ball.

- - -

Purpose of filtering with beta in this method is to be able to trade long relatively safely even on a day when the DOW30 is down 125 points.
 

---

quote:

---

Originally posted by tachyonv
theHook, I never worry about trading. Do I watch the UKC? Yes.

Nice trade, ant, hope it was real money! Never regret a profitable trade once out, even if it goes higher after you exit.

---

quote:

---

Originally posted by tachyonv
FAS is a grandfathered in ETF. ETFs have no betas in Yahoo Finance look up. FAS is on my list of symbols posted earlier herein, ant.

Hey, Hook, you're making some money on this, congrats!

---

quote:

---

Originally posted by split
ant

Reuters have OPEN with a Beta 1.01 and Yahoo have .99

For this method, I understand we should be trading symbols with a Beta value < .7 so that we are trading less risky stocks compared to the market. I think this means if the market is going down these stocks shouldnt be going down at the same rate and may even be rising.

This may help in understanding Beta values.

http://stocks.about.com/od/evaluatingstocks/a/beta120904.htm

P.S. Just learning this stuff myself so hopefully I'm not explaining things incorrectly

---

quote:

---

Originally posted by tachyonv
Closed NFLX at $.84 per share profit. No real reason to close at that price, just lightening up open positions.

---

quote:

---

Originally posted by tachyonv
ant, beta matters on down days, and down part of up days. On up days, does not matter. I simply keep trading symbols which worked well in the past, and which passed the screen sometime in the past...keep trading until they fail.

---

quote:

---

Originally posted by tachyonv
Loss with PANL today. Can't win them all. No idea why PANL went south and stayed there.

---

quote:

---

Originally posted by ant___
Thought I'd try the @ESD12.D this morning since it fit the criteria nicely.
Entered with one contract (due to first time using the Tachyon Beam Method on Futures) at 10:04 at 1352.75.
Still in trade with stop trailing now at 1359.25...{Edited: stop trailing at 1358.75 and just closed at that price.}

 

---

quote:

---

Originally posted by TradingDude
 

quote:

---

Originally posted by ant___
Thought I'd try the .... Tachyon Beam Method on Futures) ...

 

---

Tachyon Beam Method on Futures

__ant, not familiar, can you please share what it is?...

or is that proprietary from Vince or yourself?

Thanks

---

quote:

---

Originally posted by cam111
Thanks Tachy and all for the commentary. Here's a question for the group that may (or not) open the list and range of candidates. Does anyone have thoughts or experience with modifying the $2.00 intraday range down to $1.00 and then to take profits at $.26 but trade in lots of 2000? There are alot of S&P companies that trade around the 50.00 mark and bang back and forth buy a dollar or two. Would the size limit the fills? Or could you structure the exit to take 1000 at $.24 and the other after $.28. What do you think -- Thoughts?

---

quote:

---

quote:

---

Originally posted by tachyonv
Just an observation. Too much tinkering around and not enough simulated and real trading going on.

Bluntly, before trying to improve this method, why not first learn to trade it, as-is, well? Maybe the method can be improved, maybe not, but until a trader truly masters it, as-is, tinkering with it is a waste of time.
Perhaps the tinkering is a form of procrastination, a fear of real trading, a fear of failing at trading a method which works, or even a fear of succeeding wtih a method which works.

Well, know thyself is an important issue for a trader. Don't trade this method if you're afraid of it. NP, less competition for fills for my trades then. Or trade it, but be smart about it, master it as-is before being presumptious about improving it.

What I'm saying in other words is, too much diversionary, distracting stuff herein. Time to trade it or get off the proverbial pot. It is not time to improve it before even really understanding it.


 

---

---

quote:

---

Originally posted by tachyonv
Desktop set up including time and sales

---

quote:

---

Originally posted by bwjr
tach, I haven't even gotten to 100 shares yet and I've already seen my limit orders bounced off and even through by a cent or two. Once I build some confidence I will scale up. I've never traded discretionary, only automated, so I'm also a little clumsy at the orders. What Route do you trade through? I've always used ARCX for my automated stuff, but I just realized my order bar was set on Intelligent, and I just now set it to ARCX.

---

quote:

---

... poopy diaper on 13 mos. old, it was soupy and very aromatic.

---

quote:

---

Originally posted by ottrader
tachyonv, thanks for the system... it does requires lots of patience but it is simple and I understand the premise of it... easy to trade with 10 or 1000 shares and allows for simple risk management.
ant__ i am also doing multiple exits ... 3 targets and selling 1/3 at each target ... first at 0.26 second at 0.52 and third away at 1.00. so I would think that is up to each individual as they make the system their own... the system is only looking to capture 25% of the Daily Range, so that is not bad at all if you think about it.. and with 8-10 positions open at the same time one can make a pretty penny..
 

---

quote:

---

Originally posted by ottrader
tachyonv, thanks for the system... it does requires lots of patience but it is simple and I understand the premise of it... easy to trade with 10 or 1000 shares and allows for simple risk management.
ant__ i am also doing multiple exits ... 3 targets and selling 1/3 at each target ... first at 0.26 second at 0.52 and third away at 1.00. so I would think that is up to each individual as they make the system their own... the system is only looking to capture 25% of the Daily Range, so that is not bad at all if you think about it.. and with 8-10 positions open at the same time one can make a pretty penny..
 

---

quote:

---

How can you possibly monitor 8-10 trades a day

---

quote:

---

Originally posted by TradingDude

 

quote:

---

How can you possibly monitor 8-10 trades a day

---

The way I do it is by using RadarScreen with color coded cells and Alerts, sorting to bring candidates that meet entry criteria to the top. All linked to chart and matrix.

TradingDude
 

---

quote:

---

Originally posted by groh1
 

quote:

---

Originally posted by TradingDude

 

quote:

---

How can you possibly monitor 8-10 trades a day

---

The way I do it is by using RadarScreen with color coded cells and Alerts, sorting to bring candidates that meet entry criteria to the top. All linked to chart and matrix.

TradingDude
 

---

TradingDude,

One futher question. Are you only looking at one time frame on your Chart AND RadarScreen (or are you looking at multiple time frames) to make your decisions?

---

quote:

---

Originally posted by TradingDude

 

quote:

---

How can you possibly monitor 8-10 trades a day

---

The way I do it is by using RadarScreen with color coded cells and Alerts, sorting to bring candidates that meet entry criteria to the top. All linked to chart and matrix.

TradingDude
 

---

quote:

---

Originally posted by migleve
Dear Tachyonv.....

NFLX bought 113.44 sold 114.00. Perfect!!

I used to trade emini with emini-watch.com indicators, but your strategy works perfectly with them. The support/resistance leves and the "better momentum" of emini-watch are very helpful added to your strategy and "tradable indicator". It seems very easy by now.

Thanks, thanks. thanks.

 

---

quote:

---

Originally posted by bwjr
I never considered NFLX or QCOR to be at a "low price" this morning. Both were at or above the upper KC channel. I've been buying around the lower KC.

---

quote:

---

Originally posted by cam111
To this point I've traded between 8-10 stocks in industries that I know very well and/or past companies. So far, my approach is to go through the list of closing prices and if they close down by more than 1.0% I'll buy in the morning given they dont keep falling, and if the close up and are close to a 52wk high I'll short them. I generally buy in lots of 1000 and place limit sell orders in the .50 - 1.00 profit range. If the price doesn't move in a day I turn it into a swing trade and wait. My rationale is that most are well run companies and are good long positions. Doesn't work 100% of the time but has done OK for me.

---

quote:

---

Originally posted by cam111
Here's the question, I absolutely believe in the strategy Tach has provided, but I don't "know" the companies the the scan has identified and don't have a good method to guide my entries. Can I ask if you would recommend how someone begins to self-educate on the technical indicators that the group has mentioned? If anyone would be so generous to offer a response, any chance you could rank/order the techniques I should become educated on? Thanks Cam.

---

quote:

---

Originally posted by cam111
...OK, ya'll are going to roll your eyes with this request, but I'm going to ask it anyways. I'm really new to trading using any type of strategy or scanning based on key fundamentals. To this point I've traded between 8-10 stocks in industries that I know very well and/or past companies. So far, my approach is to go through the list of closing prices and if they close down by more than 1.0% I'll buy in the morning given they dont keep falling, and if the close up and are close to a 52wk high I'll short them. I generally buy in lots of 1000 and place limit sell orders in the .50 - 1.00 profit range. If the price doesn't move in a day I turn it into a swing trade and wait. My rationale is that most are well run companies and are good long positions. Doesn't work 100% of the time but has done OK for me. Here's the question, I absolutely believe in the strategy Tach has provided, but I don't "know" the companies the the scan has identified and don't have a good method to guide my entries. Can I ask if you would recommend how someone begins to self-educate on the technical indicators that the group has mentioned? If anyone would be so generous to offer a response, any chance you could rank/order the techniques I should become educated on? Thanks Cam.

---

quote:

---

Originally posted by cam111
Closed NFLX at + .52 in about 20 seconds. Back in NFLX at lower price, but it is currently down...could have been a bad move. Closed QCOR at +26. ...waiting right now on V and RRC (was up .32 and I didn't pull the trigger)

---

quote:

---

Originally posted by tachyonv
cam, frequently carrying over works out...that is bad...because it reinforces doing it again....but..for all those times it does work out, it only takes one very bad loss to wipe out a whole month or two's gains. You have arrived as a trader when you can take the losses caring far more about having stuck to your rules than a small twinge about the loss.

---

quote:

---

Originally posted by tachyonv
A trader sleeps far better when s/he carries no losing positions overnight. Two reasons: not worrying about the next day; and knowing s/he did the right thing, exercised self discipline.

When taking a loss, reward yourself with something, for doing a good job.

---

quote:

---

Originally posted by TradingDude
what symbols, cam?

---

quote:

---

Originally posted by tachyonv

If this method is boring for you - yes, it is boring, once mastered - be advised that good trading IS boring. Be an automaton when trading for profit - a bored automaton. For excitement, sky dive or gamble in Las Vegas or drive race cars or whatever, with your profits from boring trading. But excitement and trading simultaneously is a bad mix.

---

quote:

---

Originally posted by cam111
I guess the biggest issue for me is the "scary unknown" of when to let it ride or when to take the loss. For example today if I would have sold LULU at the greatest level of exposure I would have closed the position down around $1500 (real money from my point of view). But "luckily" I felt that the postion couldn't sustain a 6% daily growth rate without any specific earnings new or other material change and altough it skyrocketed I only lost 120. This same approach with V cost me $1000 - the stock trended down for no real apparent reason and did not recover even in an up market. As you can imagine the results aren't helping me develop a strategy for when to take a loss and when to take the risk that I will recover. Thoughts/suggestions? Thanks again! Cam

---

quote:

---

Originally posted by cam111
OK Team, I could use some suggestions with entry/exit for this strategy. Am I trying to buy at the lowest price point or trying to catch an upswing?

---

quote:

---

Originally posted by tachyonv
If I suddenly disappear from this forum and all others on March 8 or thereabouts, it will be because TS no longer functions due to its port changes. May have to switch to a different brokerage. What blockhead at TS thought up getting tens of thousands of clients to manually make all of those port settings for March 8?

---

quote:

---

Originally posted by split
2 loosers yesterday on NFLX total -.62
1 winner today NFLX +.52

---

quote:

---

Originally posted by bwjr
PRGO -.50, REGN -.50, VRTX +.52

---

quote:

---

Originally posted by split


Heres hoping tach is willing to share some more stuff before he leaves due to the Ports issue on 9th.

---

quote:

---

Originally posted by Scuba Steve
I am told that EL works just fine inside a certain competitor's platform
(in fact, it says so right on page one of their website).
-Scuba Steve
 

---

quote:

---

Posted by Tachyonv:
The lack of observations and comments on one aspect of this method herein, TIME/TIME OF DAY, may mean insufficient attention and understanding of it.

This method is based upon repetitive human behaviors and human actions with respect to time: cycles caused by humans.

The deeper the method is understood, the better it can be traded. It is like an onion, multiple layered.
 

---

quote:

---

GMCR - during pre-trading hours, could not get a fill

---

quote:

---

Tachyonv posted- Trade:
- Buy 1,000 shares at a low price between the open and 10:45 AM Central. Much of the time, the best prices are between 9:15 AM Central and 10:30 AM Central

---

quote:

---

Originally posted by quark
tachyonv

How apropo was your last post Some people may be disappointed next week if they did not study/understand the links that you posted. FYI, I don't consider that the markets are driven by random actions. Hope you rest over the week-end and feel better next week.

quark

---

quote:

---

Originally posted by tachyonv
The lack of observations and comments on one aspect of this method herein, TIME/TIME OF DAY, may mean insufficient attention and understanding of it.

This method is based upon repetitive human behaviors and human actions with respect to time: cycles caused by humans.

- That is why it has worked for so long, and why it will likely work for decades to come.
- That is why we have not interferred much with each others' fills even though trading a relatively small number of symbols.
- That is why I had/have no fears about losing any of my own profits by sharing this method.

Markets are driven by combinations of random and non-random actions, scheduled and unscheduled events. Traded properly, this method takes advantage of all of these, excepting only those unscheduled events which go against it.

The deeper the method is understood, the better it can be traded. It is like an onion, multiple layered.

Don't just look for magic trigger points in price, or price and volume, or the indicators.

---

quote:

---

Originally posted by tachyonv
cadi, that is all irrelevant when trading intraday cycles and not holding overnight, using this method.

---

quote:

---

Originally posted by TradingDude
 

quote:

---

Posted by Tachyonv:
The lack of observations and comments on one aspect of this method herein, TIME/TIME OF DAY, may mean insufficient attention and understanding of it.

This method is based upon repetitive human behaviors and human actions with respect to time: cycles caused by humans.

The deeper the method is understood, the better it can be traded. It is like an onion, multiple layered.
 

---

 

quote:

---

GMCR - during pre-trading hours, could not get a fill

---

 

quote:

---

Tachyonv posted- Trade:
- Buy 1,000 shares at a low price between the open and 10:45 AM Central. Much of the time, the best prices are between 9:15 AM Central and 10:30 AM Central

---

Tach, agree with your comments.

Your guidelines and "Rules" are explicit.

It always amazes me how people given a set of rules, can not or will not or are not able to carry them out, no matter how potentially profitable a method might be. Just won't take the time and put in whatever effort is necessary to either succeed or proof to themselves it is not ( at least does not satisfy their individual goals, objectives, trading style etc...)

Jumping to the next great indicator to reach the elusive Holy Grail...

TradingDude

 

---

quote:

---

Originally posted by worm0z
No, No. No. N, Where is the f-ing comma? No, No, No---No. Markets are constructed. Certainly since 1998. It has little to do with human behavior. Now yesterday a perfect Cup with handle was formed better than a text book example because bill O'Neil doesn't even offer such an example in his Text book How to Make Money in the StockMarket. Here's how its done. The Market Manipulator, a single person or corporation. Not the Russian Mafia or the Chinese Government or evil Romanian Hackers But True Blue. Apple pie U.S. citizen. Who would that be? Probably Bill O'Neil himself. He's bragging in his book about buying a MainFrame and programming it himself. Well he And his pals and that is was way back in the 1970s. Well this computer creates a constance flow of buy and sell Orders. I like to think of it as a constance barometric pressure in loop wind tunnel. The pressure can be controled to create chart patterns. Any trader wether a retail or institutional trader that buys or sells that creates a turbelence within the air stream of the tunnel. In this case the tunnel is the stock exchange and the action of the computer software is the wind. So Wind a turbelence is introduced to the constance pressure it is detected by the software. The software can identify the time, amount and the location of the turbelence and estamate which technical indicator was triggered to introduce the buy or sell order. This infomation a feedback from the software to the exchange to change the action of the Market to foil the traders supposed position. Not always successful but in any case the total infomation gathered and catagoryized globally in the since that TradeStation thinks about Globalization. and the software can be tweeted to countermand the detected turbelance.
Are you with me so far?

---

quote:

---

Originally posted by split
 

quote:

---

Originally posted by tachyonv
ALXN good entries at 9:30 (Central) around $82.65, now trading at $83.86.

NFLX good entries at 9:30 around $121.70 now trading at $124.09.

PRGO good entries at 9:30 around $94.35, rose to $94.85 around 10:50 am, although now trading back down around $94.46.

RRC good entry at 9:30 at $63.00, rose to $63.55 and thereabouts multiple times, now trading around $63.39.

Each one worked fine today. Easy $2000 if you had traded them, Tom47. And you could have made lot more with the first two.

And now you would be in cash, free for the afternoon, with no worries about carrying open trades overnight.

How does that song go..."I'm a believer..."?

---

tachyonv

Would be interested in any commentary/advice you can provide on why you would have taken these entry's at these times/prices.

I have looked at the charts and there are possible entry's shortly before the price/time you mentioned but would have taken some heat before being profitable whereas your entry's take very little or no heat.

ALXN


NFLX


 

---