Posted - 02/11/2012 13:49:31    
12:35 pm, correct?
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!
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!
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
 
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!
Posted - 02/12/2012 13:09:06    
Tachyonv - good luck with your tests and a BIG thanks for sharing........... May god be with you....
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.
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!
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
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.

 
Posted - 02/13/2012 11:11:49    
Thanks for sharing. In the middle of something right now + grandkid stuff. Will give it a trade later.
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!
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.
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!
Posted - 02/13/2012 16:26:47    
Does anyone have any updates on whether or not the "Easy to Borrow" (ETB) and "Special Margin Requirements" functionality has been added to the platform yet for use in the RadarScreen?

https://community.tradestation.com/Discussions/Topic.aspx?Topic_ID=33118&PAGE=25
(Page 25, 02/13/2012 16:22:06 Post)

Thank you.
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___
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.
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.




 
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
 
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!
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

 
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.
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.
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

 
Posted - 02/14/2012 12:28:13    
Thanks TD!

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
 

Posted - 02/14/2012 13:03:50    
ant: I created my own indicator for that...

 

Posted - 02/14/2012 13:05:08    
Thanks tachyonv, I'll do that until I find/write an indicator that will do it for me in the Scanner.
Appreciated.
ant___
Posted - 02/14/2012 13:05:40    
kevinkdog,
Thanks very much!
ant___
Posted - 02/14/2012 13:12:33    
Now, I'm getting ALXN, EW, LO, NFLX, PRGO, RGLD, and RRC.
Posted - 02/14/2012 15:30:58    
Thanks Tach for Tradeable Symbols link.

Ive got the basic scan working and installed the tradeable symbols list indicator and filtered down to a few handfulls of symbols. I also backtested a very simple entry and there are certainly some symbols which are worth further investigation so I can see some $ in the method.

Now the bit I struggle with, buying near lows...... amazed that you (cant) edit CAN see entrys where you can only have a dime DD
Posted - 02/14/2012 15:32:11    
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 ?
Posted - 02/14/2012 15:44:44    
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


I did a search for "tradeable symbols list indicator" and found only this thread.
What/where is it?

Thanks,
ant___
Posted - 02/14/2012 15:55:13    
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 ?


Split,
Don't know anything about the yahoo Beta.

I changed my scan to 3 months Avg Vol and found ALXN, ASEI, EW, GOLD, LO, MNST, NFLX, PRGO, RGLD, & RRC.

Here's the innards:


Attachment:DATA/20120214155419JW Screen 155.jpg 52460 bytes
 
Posted - 02/14/2012 16:05:38    
Here is a scan from outside TS using StockFetcher. It returned the following this AM.

Attachment:DATA/20120214155430Scan.JPG 236411 bytes

Tachyonv, many thanks for your sharing a quality setup, i'm pretty green so this is a real "gift" from someone with your knowledge and experience. I'll let you know how i do.

On the health front, wish you all the best. Father's been through similar, just turned 80, going strong!
Posted - 02/14/2012 16:48:40    
I just ran it at 4:45 PM ET, and got 3: EW, LO, RRC

Can someone confirm?
Posted - 02/14/2012 18:44:02    
quote:
Originally posted by kevinkdog
I just ran it at 4:45 PM ET, and got 3: EW, LO, RRC

Can someone confirm?

Are u talking about a Scanner scan or a RadarScreen Tradeable Symbols run?
ant___
Posted - 02/14/2012 18:51:28    
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!
Posted - 02/14/2012 19:03:32    
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!


I've run Scanner scans aplenty; but never ran the RadarScreens...am not sure of diff either.
Pleading same ignorance.
Posted - 02/14/2012 19:28:13    
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.
 
Posted - 02/14/2012 19:50:25    
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.


 
Posted - 02/14/2012 21:21:58    
I also learned the history of Keltner channels, courtesy of you. Expanding horizons is always a good thing!
Posted - 02/14/2012 22:14:26    
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.


 


Kevin, i'm not using the TS scanner but my inputs are the same with the exception of Range, i'm using the 21dayavg + 34dayavg /2, i think that's the difference. I tried to duplicate your TS settings but not having the range indicator you use left me with no real range other than ATR. see attached. I also filter out AMEX for ETF's.
Attachment:DATA/20120214220456Scan.JPG 215828 bytes
 
Posted - 02/15/2012 07:33:34    
My scanner produced 8 symbols although I am not able to get the exact parameters, they would seem to be in the ball park. I have loaded them all on a five minute chart with the indicators provided. Here is the chart for LO on which I have circled a couple of low breakouts on the Keltner channel. I've also added some dots to locate the time window. Are these the type of entries you're looking for? Do you ever get in on the opening bar? I was also wondering about putting them in different desktops as opposed to workspaces. Is that so you can put them on different monitors?


 
Posted - 02/15/2012 07:37:20    
Can you show a screenshot how you got 8? I only have 3, so I must be doing something wrong!
Posted - 02/15/2012 07:44:06    
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!
 
Posted - 02/15/2012 07:49:28    
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!
Posted - 02/15/2012 07:58:43    
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!


My lack of familiarity with the scanner caused me to make some incorrect settings, such as the volume one, but as I said, they are probably in the ball park. I don't even have the RadarScreen.
Posted - 02/15/2012 08:03:33    
Tom -
It is fun to watch futures guys like me flounder and flop around in the stock world. Now I remember how the newbs feel!
Posted - 02/15/2012 10:59:55    
EDITED: Before starting this day, I had the wrong idea of the method's normal trading times and though that an open very shortly after open was normal; so, do not read the following seriously. See tachyonv's replies later in thread regarding entry times.
ant___

Trade experience 2/15/12 0930 - 1030.
Had scanned & found ALXN, EW, GOLD, LO, MNST, NFLX, PRGO, RGLD & RRC beforehand.
Typed those into RadarScreen that had tachyonv's Tradeable Symbols indicator running.
RadarScreen quickly showed that GOLD and RGLD were REJECTED; all the rest showed TRADEABLE.

ALXN: Yesterday in Downtrend (I look at the Keltner Bands for the day and gauge whether the day was up/down/neutral). Did not see good buying price till 0955, but since in Downtrend, did not trade. Even at 1042 upmoves seeming sluggish....maybe should have but technicals were not there.

EW: Yesterday in neutral to Downtrend. Did not see good buying price till possibly 1010, but I wanted a lower price so did not trade. After 1010 to 1030 price gradually moved up, but at 1046 am still glad didn't trade.

LO: Yesterday was in neutral. Open was strongly up and did not see any price in buying territory. At 1047 price is up well into tachyonv profit range/

MNST: Yesterday was in neutral to slightly up, especially at Closing. Price today was not in buying territory until about 1020, but was not low enough for me.

NFLX: Yesterday was up then neutral. Price today quickly rose too high to enter, then next bar dropped into buying territory. I didn't trade at that point due to neutral volume and %R was not low enough. There was a profit to be had here, but technicals didn't support a Long.

PRGO: Yesterday was neutral. Price today quickly rose too high to enter, then about 1000 dipped into buying range; volume did not support a Long, and %R was almost low enough.

RRC: Yesterday was neutral, until closing upward. Today strong up Open and price didn't reach buying territory till possibly 1025, but that was not low enough for me.

All in all - a No Trade day for me using tachyonv's very helpful method....not trading is good on days like this.

Edited: Have adjusted my Keltner Bandwidth...should have taken the NFLX trade.
Thanks tachyonv, for the method!
ant___

Having trouble finding an indicator for the Scanner that will give me >= 2.00 Intraday average price range over last 21 or 34 days. Any suggestions?

Posted - 02/15/2012 12:17:49    
Now that I'm somewhat more familiar with the scanner, I made an indicator for the daily range using 25 days, my scan returns just 4 symbols: ALXN, NFLX, PRGO, and RRC
Posted - 02/15/2012 12:39:48    
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,
Pls confirm that you are entering within the first 5 min bar.
Thanks,
ant___
Posted - 02/15/2012 12:43:12    
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___
Posted - 02/15/2012 12:46:24    
quote:
Originally posted by tachyonv
Yes ant, all times I mention in this thread are Central.


apologies, I didn't see the Central Time Zone. Got it now.
ant___
Posted - 02/15/2012 13:38:57    
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.


You can also Short stocks.... and not rely on just Long entries...
Posted - 02/15/2012 14:36:09    
Two trades* today. Two winners.





*Sim trades. Now if I just had sim bills to pay...
Posted - 02/15/2012 15:24:30    
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.


+1
Posted - 02/15/2012 22:56:46    
tachyonv -

Can you provide any guidance on the initial stop loss placement?

On the trades you listed today, here's where I would have put them, and why:

AXLN - 82.50 >> low of day - .01 before entry, although that seems really tight
NFLX - 121.08 >> low of day -.01 before entry
PRGO - 94.11 >> low of late day yesterday, double bottom with low of day before the entry
RRC - 62.55 >> low of late yesterday (double bottom of yesterday afternoon)

I'm curious to see what you would have done.

THANKS
Posted - 02/16/2012 06:01:51    
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), calculating 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.


 






Its still work in progress but you may find it useful for getting an idea of the winrate.

Unless I have coded it incorrectly I havent as yet found any instruments with a winrate greater than 51% using 100 days of 5min data.

Tach,

Presumably your higher winrate is including trades closed before the .52 target has been hit ?

Would be nice if I can get it to work in a Radarscreen alongside the Tradable Symbols indicator but as it requires 5min data I dont think it can be mixed in the same Radarscreen as the Tradable Symbols indicator which requires Daily data.

 
Posted - 02/16/2012 07:53:02    
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.


Modified previous post to include this question just as you replied.

Tach,

Presumably your higher winrate is including trades closed before the .52 target has been hit ?
 
Posted - 02/16/2012 09:10:19    
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.


 



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.
Posted - 02/16/2012 09:13:15    
Tach,

Can your entry's for this method be above the open of the day ?
Posted - 02/16/2012 10:12:00    
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.



 
Posted - 02/16/2012 10:30:50    
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?
Posted - 02/16/2012 10:40:03    
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.
Posted - 02/16/2012 10:50:03    
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.



 


RGLD was found by my Scanner, but Tradeable Symbols rated it a REJECT.
Posted - 02/16/2012 10:58:34    
Been following this thread so I decided to try it out today. I suspect others did also but I had a successful NFLX trade with a buy at $120.63, partial profit at $120.90, and sell at $121.28. Thanks Tachyonv!

AF
Posted - 02/16/2012 11:07:51    
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.



Thanks! I was debating limit or stop entry, to not miss the move.
Posted - 02/16/2012 11:08:17    
ant

what is this Tradeable Symbols? I don't trade stocks so any help is welcomed.
Posted - 02/16/2012 11:10:50    
kevinkdog, for larger shares size it may take a market order, just don't know.
Posted - 02/16/2012 11:25:41    
quote:
Originally posted by theHook
kevinkdog, for larger shares size it may take a market order, just don't know.


Tradeable Symbols is an indicator; check previous posts in this thread....or, wait till closing and I'll post a link back to it.
ant___
Posted - 02/16/2012 11:26:40    
Tradable Symbol thread: https://www.tradestation.com/Discussions/Topic.aspx?&Topic_ID=36561
Posted - 02/16/2012 11:31:59    
quote:
Originally posted by kevinkdog
Tradable Symbol thread: https://www.tradestation.com/Discussions/Topic.aspx?&Topic_ID=36561
 



Thanks, I will look at it. I just used the scan!
Posted - 02/16/2012 11:35:23    
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 kevinkdog
Tom -
It is fun to watch futures guys like me flounder and flop around in the stock world. Now I remember how the newbs feel!


Know what you mean Kevindog, same for me, its been a while since messing about with stock scans.

Here are my scan settings which returned 206 symbols today.
Attachment:DATA/20120215101757scan.png 78874 bytes


I then copied the list into Radarscan and sorted on APR for the Tradeable Symbols indicator. You can drag the Recent APR column next to All filters.



Attachment:DATA/20120215114219Radarscan.png 244673 bytes


Can anyone confirm if the Beta indicator in the TS scan is the same as the beta calculation provided by Yahoo ? Doesnt seem likely as Tachyonv explains this is to find symbols not closely matching the index and I dont think there is any reference to the index in the beta indicator.

Tach,

You mentioned doing this process every 60-90 days. So once you have run a scan and have a handfull of symbols in Radarscan showing as TRADABLE do you trade the same few symbols for next few months ?
Posted - 02/16/2012 11:49:44    
ALXN would either have worked or stopped you out depending on when you entered (before/after 10 CT). QCOR would have stopped out.
AF
Posted - 02/16/2012 11:52:40    
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


I would have entered near the %r crossing the 20 on the way up with price under keltner. Best guess it would have been around 11:16est at 82.68 (that is what I wrote in my notes).
Posted - 02/16/2012 12:13:51    
Thanks Tachyonv. I'm curious, when/why did you enter PRGO? It did not get near the lower Keltner channel...

Also, is OPEN a symbol that you have historically traded? It did not show up in my screen.

AF
Posted - 02/16/2012 12:47:22    
Tachyonv - Can I get a copy of that presentation if it is still available? I sent a pm but not sure if it is working. Thanks.
Posted - 02/16/2012 13:02:11    
I sent a PM last night, but I'll try again. Thank you.
Posted - 02/16/2012 13:07:14    
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.


Sounds like my concept of entry is totally wrong --

 
Posted - 02/16/2012 14:30:28    
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.
Posted - 02/16/2012 14:44:38    
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.


No - lot simpler. It shows the total volume (top of bar) colored like the bar candle, then the bottom 2 colors are the down and up volume. The yellow line is average volume. I posted this indicator on the forum somewhere a while back. I'll see if I can find it.

About half way down the page:

https://community.tradestation.com/Discussions/Topic.aspx?Topic_ID=106018
 
Posted - 02/16/2012 14:58:53    
I like it. In addition to being visually appealing, it provides more information than most volume histograms.

Thanks very much theHook.

 
Posted - 02/16/2012 22:12:46    
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.


 



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.


Thanks for posting. Additional Performance Stats/metrics can be added.

TradingDude

 
Posted - 02/17/2012 10:16:03    
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)!
Posted - 02/17/2012 10:33:09    
Same here, in SIM for now.

Looking forward to trading this live next week.

Posted - 02/17/2012 10:51:35    
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
Posted - 02/17/2012 10:55:08    
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___
Posted - 02/17/2012 11:21:34    
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


It appeared to be about the same approach on NFLX and it was moving up rapidilly.

 17296 bytes
 
Posted - 02/17/2012 11:26:54    
I chickened out on the ALXN. In at 10:25est out 11:24est for a +.29.

I broke my %R rule on this entry. The $Tick had turned green however( futures trading thing I use ) and price was turning green. A bit later I wished I had not broke my rule lol. When price recovered, I decided to exit since my original entry was not within my rules.

In other words - I got lucky!

btw, for my Keltner price, I am using a version of muddbuts close called OctalClose:

OctalClose = (O[1]+ C[1] + C) * .333333333;

 14814 bytes

 17242 bytes
 
Posted - 02/17/2012 12:07:36    
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?
Posted - 02/17/2012 12:48:45    
Clearly ALXN would have been a great "Tachy Trade"* today. I wish I'd taken it. I'm getting warmed up to this method. The past 2 days I made money trading AAPL with a different technique. (It's resting today.)

Official Tachyonv workspace (as far as I can tell) except I changed the colors on the fast and slow MAs, since I'm accustomed to certain colors.

* meant in a good way

A big, big thanks to tachyonv for providing this technique.



 
Posted - 02/17/2012 12:51:42    
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?


Yes, lots of ideas...working on them as I watch these stocks.

Question on this Support/Resistance topic:
I suppose I'm simply trying to determine whether the method should look/work for entries above Yesterday's High. Or, does this stretch the method beyond reason? Tachyonv, et al, please feel free to comment too.

If the method is not stretched beyond reason, then when a stock closes above Yesterday's High, does the fact that it closed above Yesterday's High add credibility to a Long entry, or not?

Take a look at ALXN on 1/17/12 from 10:15 - 10:35. The only method criterion that this doesn't quite meet is "enter at a good price". But I interpreted "enter at a good price" to mean a low price with respect to the KB. But in the 1/17/12 case, a good price is not low with respect to KB, it's relatively high and would have worked nicely prior to 10:45 and even better before 12:30.

The %R is rising and above the OS line and it's within the times for entry.
ant___


Attachment:DATA/20120217124055JW Screen 157.jpg 59356 bytes
 
Posted - 02/17/2012 12:58:26    
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...
Posted - 02/17/2012 13:25:21    
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...


Not really -- just the order of the plots.

Custom 4 Line NoPlot indicator on 9.0:

Attachment:DATA/20120217132946CUSTOM4LINESNOPLOTZERO_1_0.ELD 7613 bytes


 



Plot1 = Point
Plot2 = Point
Plot3 = Histogram
Plot4 = Histogram

Set point and histogram width and color to your liking.
 
Posted - 02/17/2012 14:28:35    
Thanks again theHook for genrously posting your 2nd code on this thread.
Posted - 02/17/2012 16:07:40    
Tachyonv, Thank you for starting this thread and sharing your trading methods. I made a few trades today based on your ideas. I did well on EW and ALXN, but lost most of it on RGLD because I let it drop too much. Do you pay much attention to the %R and KC on the daily chart?
Posted - 02/17/2012 18:26:48    
tachy - using the Tradable Symbols indicator today with default settings except changing the EMA for APR to 34 (from default 21) gives the following symbols above 2.0: NFLX (tradable), STRA (rejected), GOLD (rejected), ALXN (tradable), PRGO (tradable), RGLD (tradable), and RRC (tradable). Btw, thanks again - had another good NFLX trade today.

AF

ALXN - looks like it would have worked too (did not trade).

Posted - 02/17/2012 18:58:35    
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
 
Posted - 02/17/2012 19:07:05    
Interesting how we all have slightly differnt lists. My criteria are 3 mo average volume > 800,000, close between 35 and 125, and beta <= 0.7. Tachy, thanks for listing your grandfathered symbols as well...

AF
Posted - 02/17/2012 19:49:20    
If I change to 34 for AvgRange then I get this list:

ALXN
ESI
GOLD
MWIV
NFLX
PRGO
QCOR
RRC
STRA
TDG
 
Posted - 02/17/2012 19:52:06    
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


 
Posted - 02/17/2012 20:04:13    
My excuse is I got to busy looking at NFLX. Good thing, lol! Then I got in at 10:25 but I should have waited so I got out after price recovered just in time to miss the run up. Made a little however and got lucky to boot!

The more I look at this the more I think price may need to penitrate the Keltner Channell and %R needs to have gone below 20 and then recovered above for an entry. Still just guessing.

Looking at a porprietary RSI in place of the %R too.

 31281 bytes

One of the other suggestion by tach in his first post is:

"- Often the lowest prices of the morning are between 9:30 AM CDT and 10:30 AM CDT. Study the history of each symbol to see if there is a recent repeated pattern of such lows. Often the highest price is at 12:35 PM CDT followed by a decline."

So maybe we should not trade before 10:30 AM EDT or ....

 
Posted - 02/17/2012 20:06:44    
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.
Posted - 02/17/2012 20:26:28    
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.


I think you are right on the VolAvg(3 Mon) based on TS's definition:

"This is the monthly average of the cumulative trading volume during the last 3 months. It is calculated by dividing the cumulative trading volume of the last 91 days by 3."

When I use a 91 volume daily average I get the following:

ALXN
NFLX
PRGO
QCOR
RRC
 
Posted - 02/17/2012 20:47:28    
It also looks like yahoo is returning a different value for Beta than tradestation's scanner. I haven't found how either one is calculated. I think tachyonv is using yahoo for his beta value.
Posted - 02/17/2012 21:20:26    
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!
 
Posted - 02/17/2012 21:41:05    

ALXN chart for the past three days.

There is much to be recommended for pattern repetition in the short term.

My scan produces the following: AEM,ALXN,EW,IDCC,MAKO,NFLX,PRGO,RRC,VRTX




 
Posted - 02/17/2012 23:07:39    
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!
 


Kevin,

I took the liberity to change your code to plot a yellow dot on the chart on the bar closest to the calculated average time to that point created by your code. Let me know if this is OK -- if not I will remove.


 43282 bytes

KJDTimeAvgLow for TS 9.0 and >:

Attachment:DATA/20120217230518KJDTIMEAVGLOW_1_0.ELD 12707 bytes

 


 
Posted - 02/18/2012 00:16:40    
Love it, Hook!
Posted - 02/18/2012 00:19:19    
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




Hi Kevin:

You're missing tachyonv's ShowMes on your chart (included with "Keltner Channels All") that occur on Keltner crossovers.
P.S. Thanks for the code.




 
Posted - 02/18/2012 04:43:37    
Hi Tach, it is great to hear from you. I wish you the best in everything ! :-)
 
Posted - 02/19/2012 11:54:03    
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
 


Hi theHook

Where did you get the AvgRange indicator from, did you create it yourself ? I dont believe there is one in TS
Posted - 02/19/2012 12:03:10    
if you wanted to use an Intraday AverageRange for current day market volatiltiy, AverageRange can be reset for new day to:

https://community.tradestation.com/Discussions/Topic.aspx?Topic_ID=112793

Compare Current day BarRanges to historical AverageRanges to measure trade potential


Range is a Tradestation default function,

MyAvgRange = Average(Range, RngLen);

where Range function is (High - Low) for each bar
Posted - 02/19/2012 12:08:11    
split,
Try this indicator; it's named Avg_Daily_PriceRange:
inputs:
Length( 26 );
variables:
AvgRange1( 0 ) ;

Value1 = h - l ;
AvgRange1=average(value1,length);
Plot1( AvgRange1, "AvgRange1" ) ;

EDIT: the above was provided by kevinkdog on 2/14 this thread.
Posted - 02/19/2012 12:24:47    
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
 


It was supplied earlier in this thread by kevin:

 

Posted - 02/19/2012 13:28:59    
quote:
Originally posted by tachyonv
Went back and edited my first post in this thread. Probably worth re-reading this newly edited first post.


Thanks tach for the update.

I looked at several sites to compare beta and here are the results:

 9815 bytes

If anyone has other fin sites to add to the compare here is the spreadsheet:

Attachment:DATA/20120219132649BetaCompare.xls
Posted - 02/19/2012 13:46:23    
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!!, binthereAttachment:DATA/20120219134603scanner.PNG 19605 bytes
 
Posted - 02/19/2012 13:59:42    
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
 


here is what my scan inputs look like -- at the moment:

 15957 bytes

Note: I used .8 on beta and tach says use .7!
Posted - 02/19/2012 14:06:26    
thx Hook
Posted - 02/19/2012 14:18:02    
Tachynov, thx for following up,
sory i dont understand what do you mean by "latter indicator" could you explain further
thx, binthere
 
Posted - 02/19/2012 14:22:42    
Here is a cute video on Beta:

http://www.investopedia.com/video/play/understanding-beta#axzz1mrC08wA4

If I use 21 length for the Average Range, RGLD shows up. If I use 34, it drops off. If I use 27, the midpoint of the range given in the first post, RGLD does not show up. Only ALXN, EW, NFLX, PRGO and RRC.

Posted - 02/19/2012 14:40:38    
ok tachyonv goit now, thx
Posted - 02/19/2012 16:19:27    
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.


Thanks tachyonv.

I modified Tradeable Symbols to display the info in a TS Scan. It is a crude RS. I will post the changes if it is alright with tachyonv.

Here is what it looks like and the scan inputs:

The Tradeable Symbol information is broken in to three parts: Tradeable, APR and ATR information. I am showing
the Tradeable and APR info in this example:




 
Posted - 02/19/2012 16:45:15    
Hook,
here comes a newbie question, how did u make the tradable indy to show in radar?, what did u modify?
thx, binthere
Posted - 02/19/2012 16:53:16    
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


I changed the Tradeable Symbols Indicator so it would work in a Scan. Tach version currently will only run in a RadarScreen.
Posted - 02/19/2012 17:02:10    
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
Posted - 02/19/2012 17:19:55    
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


I changed the code:





There are several other code changes I did to build the plot strings which I did later in the code.

If tach approves, I will share the changes.

Hook
 
Posted - 02/19/2012 17:34:55    
Thanks Hook, I was just looking at that and wondering what if anything to do since I don't even have radarscreen. Can't the things being done in the tradable symbols indicator be done with just a regular scan?
Posted - 02/19/2012 17:38:52    
Well RS has ways to display plot data that scans do not -- such as identifing info by field
name. I built some strings with field titles to give a crude version. Since I don't trade stocks I
don't have RS either.

And I use TS but trade thru ......
Posted - 02/19/2012 17:41:48    
RadarScreen is free with 10 round turn futures contract or 5,000 shares

Accounts having the following trading activity or more in the preceding month:

• Futures: 10 round-turn futures or futures option contracts -or-
50 round-turn single stock
Equities: 5,000 shares
• Equity & Index Options: 50 contracts
• Forex: 10 round-turn lots or 100 round-turn mini lots

Accounts having a balance of $1 million on the last day of the previous calendar month.
 
Posted - 02/19/2012 18:23:28    
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.
 
Posted - 02/19/2012 18:25:57    
Tach

As your probably the only one here who will have run this scan previously, would you be willing to share a few Tradable symbols from previous scan/RS lists from previous runs using these settings as I dont think this can be done historically ?

I would just like to look back from the date of the scan and see how often the symbols returned change and also so I can look back from each run to see how they were trading prior to the scan

Many Thanks
Posted - 02/19/2012 19:14:45    
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.
 


do the 10 minimum round turns, pays for the $99 platform fee and the $59 RadarScreen fee, $ 160...

Assuming just breakeven trades...

YM is $5/tick. Trade for 1 tick average profit, cover commisions.

Daily RTH range for YM.D is over 80 ticks

5 trades of 2 contracts will do the trick trading small size.
Have 20+ trading days with 6 1/2 hours each...
Posted - 02/20/2012 11:32:50    
In tach first post near the bottom he says:

"- Deviating from the above may result in otherwise easily avoided losses. Symbol selection is critical and DOES require use of RadarScreen and the Tradable Symbols indicator. The TS scanner is insufficient. Am unaware of any scanner on the Internet which can scan as well as RadarScreen and the Tradable Symbols indicator. Manually look up beta's on YHOO, does not take very long. TS beta values are on a different scale than those at YHOO. Including bata in a TS scan will exclude ETFs and ETNs, an undesirable effect."

You can improve on your scan a bit to include ETFs and ETNs by doing the following in your scans:



When doing this, you get a different list such as this:



Beware that new issues with no beta and symbols with invalid financial data will appear as well. Example: LNKD
Posted - 02/21/2012 00:08:07    
Here's a slight add-on to Kevin's KJDTimeAvgLow indicator - it now plots the earliest and the latest low times that occurred during the indicator's lookback period along with the original avg low time.
Here's the code (you may want to rename it to prevent overwriting the original):

 


....and a screenshot:

Attachment:DATA/20120221000440JW Screen 160.jpg 11011 bytes
 
Posted - 02/21/2012 08:26:32    
theHook,
Where'd u get the screenshot drawing tools?
Cool!
Posted - 02/21/2012 08:50:23    
quote:
Originally posted by ant___
theHook,
Where'd u get the screenshot drawing tools?
Cool!


It is call SnagIt, I've had it for years. It is not free but you usually can find a coupon on the net to reduce the price.
Posted - 02/21/2012 10:37:25    
Traded ALXN - in at 10:20 at 80.65 out 10:32 81.17 for 200 shares.

I waited for ALXN to come down and the %r to move below the 20 and then waited for price to rise and enter / touch the lower keltner channel.
Posted - 02/21/2012 10:45:22    
I was also watching ALXN, stuck a limit buy order on the bid (didnt want to pay the .15 spread) at 80.15 but didnt get filled and up she went.

Man the spreads seems very big when your used futures trading on TF.
Posted - 02/21/2012 10:46:30    
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.


It was real!
Posted - 02/21/2012 10:52:57    
tach, a dumb question. Once you enter a trade at or near to lower keltner channel, do you every consider the upper keltner channel being resistance or a barrier for price to continue to rise?
Posted - 02/21/2012 10:56:33    
Bought ALXN at Market.
Bought 80.53 (10:08) and saw no reason to exit until 81.50 (10:48). Exited because of the high of 81.55 at 09:40, but looks like could have ridden higher.
Posted - 02/21/2012 11:23:16    
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.
 


It often confuses people that no standard exists for beta. The issue traditionally is in regards to the time period of return calculations and look back time frame. Other issues are if the service is reporting a adjusted close (dividends) or non adjusted close as this can create a total return bias. I don't know for sure but I would imagine that these different services probably report different time frames and thats why you see different beta numbers. For the purpose of this particular calculation I would imagine you would want a shorter time frame beta (less then a year) as you are intraday trading.

I was at a major bank a few years back which was using the default bloomberg beta # which at the time was a daily return calculation going 6 months back. A first year analyst on the equity derivatives desk changed the time frame by mistake and it took half a day to figure out why mutiple hedges were way off. Luckily it was a 7 figure and not 8 figure mistake. That analyst was quickly sent to purgatory, the short term rates/repo desk.
Posted - 02/21/2012 15:19:49    
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.

Agreed; no regrets here.
Posted - 02/21/2012 20:48:28    
PRGO 10:30 to 10:40 +0.54
PANL 10:35 to 14:15 -0.35
RRC 10:50 to 11:50 -0.55
The PRGO trade worked great. The PANL trade could have been a few cents profit but I used a limit order at 13:30 that went unfilled. I should not have entered RRC. All real trades but small.
quote:
Originally posted by theHook
Here is a cute video on Beta:
http://www.investopedia.com/video/play/understanding-beta#axzz1mrC08wA4[/quote]

A great refresher; thanks!
Posted - 02/22/2012 10:48:23    
made $.52 on closed trade of OPEN.

I show no Beta for FAS.
Posted - 02/22/2012 10:55:54    
Found FAS' Beta on MSN.com in the Money section under Quotes....establish a free account first.
Posted - 02/22/2012 10:57:26    
Just made a fast .63 on NFLX

In at 10:47 on limit order at 111.16
Out at 10:50 on limit sell at 111.79

 
Posted - 02/22/2012 11:07:16    
EDITED:
OPEN's Beta on MSN.com is 1.37 and Yahoo's Beta is 0.99.
Getting confused on what Beta is good Beta....thought <0.7 was good.

Does 'grandfathered' mean that the grandfathered instrument's Beta doesn't matter?
Posted - 02/22/2012 11:18:29    
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!


thnks for the trading method!
Posted - 02/22/2012 11:19:03    
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
Posted - 02/22/2012 11:30:55    
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


split,
Thanks for the refresher on Beta, very much.

My poorly stated question was not confusion over what Beta was; rather, my question relates to the method's rules. One of the rules is don't trade unless the Beta is < 0.7. But, trades are being celebrated whose Beta's were > 0.7. I am guessing that if the symbol is grandfathered AND has a Beta > 0.7, then it is OK to trade anyway....but am not sure of this yet. [Edited] Looks like tachyonv posted on this while I was typing.
ant___
Posted - 02/22/2012 11:33:07    
got nervous and exited PRGO with +$.42.
Posted - 02/22/2012 11:34:12    
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.


Tachyonv, where did you get in and why ?

Mine was mostly due to rising %R below LKC and a bit of a test with limit order entry. Still getting used to the wide then narrow spreads and so only trading with small size.

I think you mentioned previously you use limit orders for entry.

 
Posted - 02/22/2012 11:50:44    
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.


tachyonv,
Please correct me if wrong: On Up days trade anything on the grandfather list; and on Down days, trade only the ones < 0.7 Beta.

Is the definition of "Up days" one of these? :
a. those days when the symbol is opening up.
b. those days when the general U.S. stock market is rising.

Thanks for the method,
ant___
Posted - 02/22/2012 12:43:47    
wtg tach!
Posted - 02/22/2012 12:52:11    
PRGO 93.77@1015 to 1035 -0.50 exited where I should have entered
GILD 44.17@1015 to 1155 +0.33 tightened the profit take, didn't look like enough room for 0.50
NFLX 112.20@1105 to 1125 +0.80 widened profit a little, a little more and I would've miss
CSTR 57.55@1105 to 1245 +0.55

My automated strategies were all short today, so it was nice to balance things out with a few longs.
Posted - 02/22/2012 13:47:39    
This may be off subject a bit and tach if you wish for me to remove the post just say the word and I will.

When reveiwing the k channel on several of the stocks indicated by this method this weekend, I noticed if the price was "attacking" the channel in a lot of cases this would be a good trade. If the channel came to the price, then it was better to wait for an enter. We had an example of each of these, this morning.

Now - disclaimer, listen to tach, not me. He knows a lot more about this trading method than me. Do your own analysis. I need to study this more.

Price Attacking the Channel:



Channel Coming to Price:


 
Posted - 02/22/2012 17:41:37    
news maybe:

Change is afoot in the flat panel display business, as Samsung Electronics (SSNLF) today said it will spin out its flat-panel liquid-crystal (LCD) display operations into a separate, wholly-owned subsidiary, and may merge it with the Samsung Mobile Display unit that makes organic light-emitting diode (OLED) screens.

Samsung and Universal Display Corporation have research relationships, but have no idea, really.
Posted - 02/22/2012 18:00:54    
quote:
Originally posted by tachyonv
Loss with PANL today. Can't win them all. No idea why PANL went south and stayed there.


Tach

Was PANL on your list from an earlier scan? its not on mine from last week and current Beta is > .7 according to Yahoo




 
Posted - 02/22/2012 20:39:11    
A daily look at several of the stocks we have been trading:

Attachment:DATA/20120222203858TachDaily0222.png

cya: I don't have any relationship to this website. I just use their free stuff.
Posted - 02/23/2012 10:50:23    
Snap!
PRGO trade complete.

In at 94.00 at 09.40
Out at 94.52 at 10.40

Thanks to tachyonv for the terrific contribution.

Much obliged.
Posted - 02/23/2012 10:51:55    
PRGO +.52 just completed. Only trade this morning.
Posted - 02/23/2012 10:58:34    
Closed ERX at .52+ profit.
Posted - 02/23/2012 11:23:53    
RRC 9:05 Entry 65.89 10.05 Exit 65.27....+.58
Struggled at support....65.33
Enterd 1 or 2 bars to early and exited 1 bar to late

PRGO 9:05 Entry 94.18 10:05 Exit 95.01....+.83

For my first trades with this system....Hard to beat!!!
Both Sim
Posted - 02/23/2012 11:23:56    
It seems to me the key to this style of trading is being able to read the tape and being able to get in on limit orders.

I'm not experienced in reading the tape and there doesnt seem to be much written on how to do this, except practice, practice, practice.

Does anyone know of any good reading on this?
Posted - 02/23/2012 11:28:51    
GMCR +.57, PRGO +.67, RRC +.54, CSTR +.52, no losses
Thanks Tach, I might have to start scaling up on my sizes.
Posted - 02/23/2012 11:52:16    
Got in too early on NFLX but tried again and made it back. Maybe if my tape reading was better might have avoided the first loss.

Any tips appreciated.




 
Posted - 02/23/2012 12:46:49    
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:
Originally posted by tachyonv
Already made $.52 on closed FAS trade. Waiting on some others now.

FAS shows a Beta of 3.85 and Tradable Symbols shows Reject.
??
ant___
Posted - 02/23/2012 15:00:50    
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.}

 


Tachyon Beam Method on Futures

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

or is that proprietary from Vince or yourself?

Thanks
Posted - 02/24/2012 10:19:24    
NFLX +.50 on half and +.36 on remainder.
Posted - 02/24/2012 10:50:53    
tachyonv,

I am trying to figure out what you are looking for on the Daily & Weekly charts....OR....
Better yet...What would make you steer clear of trading a symbol that qualifies in every
other way based on either the Daily or Weekly charts?
Posted - 02/24/2012 10:59:41    
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


tachyonv,

I don't know whether anyone else has used "Tachyon Beam Method" to refer to this method (yours).
I am a Trekkie (which should be a prereq to use this method, btw), so the method made almost total sense immediately.

Readers can catch up on the physics of Tachyons here: http://en.wikipedia.org/wiki/Tachyon. Especially take note of the "faster than the speed of light" portion.
and here http://www.scientificamerican.com/article.cfm?id=what-is-known-about-tachy
and finally but not leastly, http://en.wikipedia.org/wiki/Tachyons_in_fiction
 
Posted - 02/24/2012 11:24:18    
Have to leave early today - so had to exit early:

PRGO + .36
PANL + .23
GMCR + .32

All 200 shares trades.

Thanks again tach. Off to see my Grandson.

Hook
Posted - 02/24/2012 11:27:39    
tachyonv,
What decisions can you make with regards to the %R on the Daily/Weekly charts?
thanks,
ant____
Posted - 02/24/2012 12:54:45    
For anyone who wants to have (automatically) the Earnings release dates in their RadarScreen with
the tachyonov's "Tradeable Symbols" indicator here is the link:

https://community.tradestation.com/Discussions/Topic.aspx?Topic_ID=97872
Posted - 02/24/2012 22:17:59    
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?
Posted - 02/25/2012 13:08:18    
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?


You want to have enough intraday range to make it the stock/ETF/Futures a good day trading vehicle. We want to capture a portion of its daily range. If the daily range is not large enough, there isn't enough profit potential. Test these concepts for consistent performance. For me, experience and testing has shown that a 2 point range is a good minimum daily range filter for stocks in addition to other requirements.

As Tachyonv correctly stated in a previous post:

 
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.


 




 
Posted - 02/25/2012 15:36:54    
quote:
Originally posted by tachyonv
Desktop set up including time and sales





Hmmm.. Tach must have a real powerful machine with so many apps opened and yet able to use it for intraday trading
Posted - 02/25/2012 20:36:02    
the only apps open are internet explorer, outlook, excel, and tradestatio... at first sight.. that he has pin things to the task bar, does not mean they are all running at the same time.
 
Posted - 02/26/2012 04:53:43    
Tachyonv, I started following your post a few days ago and thanks for another great contribution to the Tradestation community. This looks very solid and I have been paper trading trying to understand the actual trade trigger a bit better. It is my goal to better understand what combination of KC channel position/movement, %R, volume and other criteria you use to trigger the trade. My goals in writing this post is to see if you can further educate us in some of your logic behind your trades.

You have supplied your trades for several days and I have analyzed each one to see what your probable trigger was. For your trades on 2/15 you supplied the time and entry price so analysis was reasonably straight forward. For all the other trades no time was supplied so I made assumptions on when entry was and so my analysis may be flawed here.

I am able to classify the trades into three categories and I have given them descriptive names. The trade types are reversal, breakout and unknown. If you have better names I will use those. I am looking to see if my knowledge is correct on the different trade triggers.

REVERSAL: This is the vast majority of the trades and in these it appears that we are waiting for the price to hit a morning low, reverse and then cross back above the LKC. It appears that the buy is made at the MKC and when the %R is above 30. Is this basically correct and how do you use volume in the decision? Is it a good idea to take the trade a bit earlier if the %R is very high? Are there any other factors you can share with us?

BREAKOUT: The OPEN 2/15 and the PRGO 2/16 trades appear to be breakout trades where the buy is made after the first hour opening range and when the UKC is exceeded with a %R > 90. This appears to be a very good way to enter a trend day on these stocks. I can also see classifying these as reversal trades where the low is made in the opening first 5 minutes. Is this a correct understanding and is the success rate on this type of trade as high as on the reversal trade?

UNKNOWN: These are the ones that do not seem to fit the above patterns. The NFLX and RRC on 2/24 do not seem to have setups that match the others. Can you clarify here?

Again, another great contribution to our understanding of trading and any more information on the actual trigger would be really helpful. Thanks for all the help.

Regards Lloyd
 
Posted - 02/26/2012 14:14:29    
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.


you will always see fill issues when not trading round lots.. or anything less than 100 shares... always best to trade in increments of 100..
Posted - 02/26/2012 16:20:17    
Dear Tachyonv. I follow your posts since four days ago, and this is simply incredible.... Thanks a lot for your strategy and comments

I will try your newest advices tomorrow. Thanks again !!!
Posted - 02/26/2012 16:59:27    
Tachyonv - Do you generally hold an open trade until either the stop or target is hit, or will you often exit early before either is reached?

Also, should "EV – LONG entry 29.87" be "EV - LONG entry 29.29"?
Posted - 02/27/2012 03:48:26    
tach,

The link to the breakout post doesnt work. I tried it without the 2 ?? on the end and it did work
Posted - 02/27/2012 04:47:59    
The link is this

https://community.tradestation.com/Discussions/Topic.aspx?Topic_ID=118289&PAGE=1
Posted - 02/27/2012 10:52:24    
quote:

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

Have had similar experience....we've come a long way....
Posted - 02/27/2012 10:58:19    
Tachyonv,
Have you considered buying y shares and at 0.52 PT, selling half of the shares and let profits run on the second half to a trailing stop (such as a Parabolic or Goose's LeBeau)....or, does that approach not work w/this method?
Posted - 02/27/2012 11:44:56    
Closed 2 trades: Both entered about 10:00 - 10:02. Closed PRGO +0.56 at 11:30 and another symbol unrelated to this method's list for +3.00 at 10:36.
Posted - 02/27/2012 15:10:25    
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..
 
Posted - 02/27/2012 15:51:48    
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..
 

Agreed.

Have seen 0.52 PTgt occur quickly and then watch multiples of that follow...so, it seems prudent to me (perhaps not long term though) to partial exit and let profits run w/a ratcheting trailing stop. Maybe I'm wrong.
Posted - 02/27/2012 17:27:19    
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..
 


How can you possibly monitor 8-10 trades a day in order to make entry decisions on that many?
Posted - 02/27/2012 18:44:54    

 
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
 

tachyonv:

How do you have your Time and Sales window formatted

Thanks

Posted - 02/27/2012 20:31:28    
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?
Posted - 02/27/2012 21:59:03    
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?


5 minute bar interval
Posted - 02/28/2012 00:58:43    
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
 


not a bad idea... I will see if I can do something similar, I just had the charts for all open positions up given I have a pair of 27" 2560x1440 monitors on my main trading workstation, so it wasn't all that hard... lots of screen real estate.
Posted - 02/28/2012 09:16:59    
Thanks TradingDude and tachyonv! Very interesting thread.
Posted - 02/28/2012 09:43:54    
Most of my indicators and showmes got corrupted. Currently with TS support trying to find out why. Last thing I did is download eld files from different forums. The EL is a whole lot of
Posted - 02/28/2012 09:47:39    
symbols. No EL
Posted - 02/28/2012 10:53:49    
Congrats Tach for this thread.

It is positive, no politics, not personal jabs, just talking about trading and is a good thing to see quite a few pick up the method and making some money with it.

One common thing that it appears that might be helpful at some point to discuss once everyone is very comfortable with the method would be to discuss the exits as there have been comments that "maybe could got more out of the trade" or "exited early" etc....

I really don't recall a discussion where folks were making money together and stayed on point mostly with the point of the thread and with such harmony.

Maybe the thread creator has something to do with that...

-pap
Posted - 02/28/2012 10:57:35    
Nice post Tach...I like the way price tends to hurry across the channel.
Posted - 02/28/2012 11:31:32    
Thanks Tachyonv for your kindness in sharing.

First day I traded this live today...took IDCC for +.52

probably could have traded others (ALXN,OPEN ) pre 10 am est but I was cautious with the Consumer Confidence coming out.

 
Posted - 02/28/2012 11:41:59    
IDCC 38.96@1030 +0.52, RCC 63.46@1015 +0.52, GMCR 65.99@1020 +0.52 (no losses)
I almost pulled the trigger on ALXN@945 but there wasn't 0.50 between my entry and yesterdays low which I thought might be resistance, but turns out was insignificant.
 
Posted - 02/28/2012 12:32:39    
Struggling a bit this week.

Took a loss yesterday NFLX 108.41 -.25

A bit better today

NFLX 113.81 +.16, NFLX 113.28 took a 3rd off at 113.54( +.26), 3rd off at 113.48 ( +.20) and final 3rd at 113.33 ( +.05) only to watch it 4 mins later pop to .52 target.
Posted - 02/28/2012 12:51:56    
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.

 
Posted - 02/28/2012 13:23:29    
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.

 


interesting, I am also using the _Better Sine SR, JMA edition, with the setup and I found it rather useful.. glad to see that someone else is using that indi for S/R levels...
Posted - 02/28/2012 13:27:07    
did anyone traded QCOR today? I would be curious to know how anyone handled it within this specific system.. tach? any input as to how it would have been handled? basically, it open, and it never made a LL during the period.. so I am debating what one should do those times things like this happen, to skip the trade overall, or if one should use some discretion and just go long on the first pull back within the timeframe for entering the trade and just exit at the target...


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Posted - 02/28/2012 13:52:58    
RRC +.73...Best trade to date with this system
DVN +.57...entered to early but it turned out ok
Posted - 02/28/2012 14:07:10    
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.
Posted - 02/28/2012 17:01:49    
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.


Neither do I, but with these indicator I saw a support level when the %R was oversold. I chose NFLX thanks to the tradable symbols indicator, and after the orange dot of KJDtimeAvgLow (Ant indicator) a support was drawn (entry point). (Screen attached)

Probably I should have entried at the beggining of the regular session (support drawn), but no KC helping this idea.


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Posted - 02/28/2012 21:25:09    
...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.
Posted - 02/28/2012 21:44:12    
it is interesting, I just did some back testing on replay with amibroker vs running an exploration, and I did about 3 months worth on IDCC and QCOR and came to find out that capturing 25% of the ADR is more than enough... also, the LL of the 9:30-10:15 EST session is not always breached during the entry time of 10:15-11:30AM... so the next low can be a HL or LL, and if HL then it appears to have (not always) a chance for HH's...not all that proficient at writing explorations yet to determine the probabilities over X amount of time, but we if anyone here can write something to determine the probabilities, it would be nice if they could share.
 
Posted - 02/28/2012 21:56:59    
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.


not following, is your timeframe a day or however long it takes for your position to reach profit, and if so... why not just go with options for what you are doing? from what you are stating it sounds as if you hold through any drawdown period given you dont have an exit plan and then turn the "loser" positions into swing trades.. at least that is what I understand... but since we are not discussing your method on this thread, I will move on.

 
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.


knowing the companies has nothing to do, this are not swing or long term trades but rather short term day trades. As tach has done, you might choose some issues that meet the criteria that you decide to become familiar with and as such trade them day in and out; but nothing to do with fundamentals i would think. Tach system has defined and clear criteria for selection, profit targets and losses. I mean, I am surprised that he shared it to be honest, so I am thankful. It is simple and easy to qualify and it can be made into one's own by adjusting some of the criteria overall and based on one's risk parameters. for example, I am trying to eliminate $100+ stocks since I cant use margin on the IRA with TRAD and I dont like risking the whole account but only a percentage, and I dont want to transfer more funds into TRAD..

as to your need to learn technical analysis.. there are lots of sources out there... go to amazon.com and type technical analysis... read the reviews.. same goes for books.google.com, or go to 4shared.com and type "technical analysis" and you will see how many books will pop.

for a book just describing all technical indicators and some background on them I used The Encyclopedia Of Technical Market Indicators by robert colby.. that could be a starter point for you as well.


 
Posted - 02/29/2012 08:47:33    
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.


Here are a couple links that are generally reliable. I'm using Keltner Channels as an example but you can look at all the indicators. Keep in mind Tachyonv has modified these so you need to read his documentation to understand their workings.

http://stockcharts.com/school/doku.php?st=keltner+channel&id=chart_school:technical_indicators:keltner_channels
http://www.incrediblecharts.com/indicators/keltner_channels.php
Posted - 02/29/2012 10:22:54    
Closed NFLX in at 10:03 + .64 (scaled out)
Posted - 02/29/2012 11:39:53    
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)
Posted - 02/29/2012 11:44:33    
Took NFLX for .52

PANL - liked the chart around 10:15-10:20, too early for me to trade this method or these names around earnings.
ALXN - liked it around 11:10, didn't take

Tachyonv - I know in the previous posts you stated you buy on the bid and sell on the ask, so you never use buy stops to enter at all, at it breaks above a bar?
 

tach,
Just wanted to say thanks for sharing your work and ideas and follow posts. I've tried a few of these the last few days - some winners and some losers, but I'm learning from my mistakes (I think) and I see the potential. It'll take me a while to get the hang of it. Thanks again !

Posted - 02/29/2012 12:51:13    
tachy's original guidance was to "buy at a good price".
Does that mean good price relative to the KC or relative to the KC AND to a say, 200MA?
ant___
Posted - 02/29/2012 12:52:07    
still in an ESI profitable trade but took it when price was good relative to the KC, not to a 200MA.
Edited: Very good profits on this trade...entered at 11:32 at 68.70 took a .52 PT on half the shares then a Trailing Stop much higher on the last half of the shares at 1:11 at 71.25.
Posted - 02/29/2012 13:45:44    
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)


how many are re-entering positions after profit? they way I saw this was basically OSOK per issue... so if I lose, I dont re-enter, and if I win by chance due to volatility, I still dont re-enter.. curious if everyone else is doing similarly or just re-entering in the hopes of capturing more vols..
Posted - 02/29/2012 17:05:53    
These are my first 3 trades with Tachyonv's Volatility System.
WLP- Good entry partial fill. Got stopped out for a profit.
HMSY- Good entry- Placed my stop under yesterday's Low and got stopped out- Had i given more room the trade would have worked fine.
YPF -Good entry- got stopped out for a profit.
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Posted - 03/01/2012 10:41:09    
Entry LO at 129.7 Exit at 0.52 profit
Posted - 03/01/2012 11:04:34    
NFLX 10:32 +.52
Posted - 03/01/2012 11:18:47    
Closed NFLX +.52, ALXN +.12, RRC +.30 PANL +.15
Still in QCOR and EW. The beating continues on V;(I couldn't stomach the loss yesterday and carried it over...probably a newbee move)
Posted - 03/01/2012 12:50:54    
won: HUM 10:15 +.52, NFLX 10:55 +.68, MNST 10:25 +.52
lost: EW 10:45 -.50, HSP 10:30 -.50
So far I've had 27 trades trying to follow tach's method. I've won 18 and lost 9. The market has been up though, so time will tell if I can maintain this.
Posted - 03/01/2012 13:26:16    
PANL +.52
Posted - 03/01/2012 14:08:33    
RRC, NFLX, IDCC wins. Kidney stone problem yesterday and today prevented me from trading normally.
Posted - 03/01/2012 14:34:54    
Ouch, been there, kidney stone ranks right up there as far as pain goes. My sympathy and best wishes.

FWIW, I've heard cranberry juice good for prevention.
Posted - 03/01/2012 14:54:16    
lots of cranberry juice without overdoing it, and staying away from Soda's is always good for one's kidneys...
Posted - 03/01/2012 15:05:51    
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.


OK, took my medicine today...broke V up into 4 painful bites (paid commission on each one too). All in all had a good day but would have been much better at controlling losses! Any suggestions welcome. C
Posted - 03/01/2012 15:08:08    
what symbols, cam?
Posted - 03/01/2012 15:36:20    
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.


I haven't carried a position overnight in many, many years....sleep well

Approach every trading day with no "baggage"...just follow price action and execute my set of rules...very routine...do the same thing day in day out, several times during the day...both Long and Short

Don't care if markets are up or markets are down....go with the flow...

When I was uncomfortable with shorting, put lots of stress. When I was able to overcome that personal issue, what a world of difference it made, relieved a lot of built-in stress, and my profitability jumped..lets say consistent profitability became a reality. Taking trading losses stopped stressing me out...why? realized its just inherent in this trading business. Trade the statistical probabilities...
Posted - 03/01/2012 18:36:52    
quote:
Originally posted by TradingDude
what symbols, cam?


24 trades today. First 10 were profitable. Had a string of increasing short positions in LULU as it ran up. When I was way upside down I started to partition off losses and ended up with a closeout that was slightly profitable. As mentioned before I'm somewhat learning as I go...my entries and exits are more of a feel than a strategy and plan (which is what I need to get to). Right now I watch the KC upper and lower limits for the selected symbols and look at the charts to see if they are trending up or down or close to a 52wk high if they are at the lower limit I'll buy and immediately put a sell order at +.52. If there is alot of trading volitiliy I'll sit back and wait, if the stock is moving slow, I'll periodically bring back the profit target. If the stock is trading at a high and above the KC upper limit, I'll put in a short position with a buy to cover at .52 down (these trades are usaually in the afternoon). Now here's where I get tripped up...it feels like as the positions fluxuate, I start tightening my profits (and hopefully losses) to where I'm in a position 1000 shares and exit at 50.00 profit. Is this typical or normal? I get a little freaked out when all my positions are red and rapidly declining...any help or personal perspective is appreciated.

Long on NFLX (x2) EW (LOSS) PANL QCOR (X2) RRC (X2) ALXN V (took a .97 loss carried over from yesterday)
Short on NFLX (x2) LULU ALXN (x2) RRC PANL (LOSS)

Cam
Posted - 03/01/2012 19:30:11    

tradingdude and tachyonv already gave you the most basic advice, which is simple and true... what I will add to that based on your statement about freaking out when you see red is: how much are you risking as a percentage of your account?

you might be trading too big and unable to handle the drawdown or loss that would entail being wrong and taking the stop across the board... maybe that is why you turn your losers into swing trades... so you would need to determine what your account risk management parameters will be and that should help you further.. and if you are going to carry overnight, buy protection.. if you are short, buy a call... if long, buy a put.. a little bit of premium goes a long way against undesired movement on any issue overnight... imagine if bad news had showed up for Visa overnight about them disclosing losing backup tapes with millions of customer accounts or getting hack and having millions on liability now that would affect earnings ... that $1 loss would have been more a lot more as the stock gap down (more than likely) due to the news...

when trading, we are never right 100%... so keeping the losses small is critical.. if you are making the transition from investing to trading, it is in fact greatly different from what one is usually told... one should never average down one's losers (IMO) and be willing to reverse the position without hesitation or take the loss... trading to me is short term, and going to cash by EOD is preferred... unless I have protection (aka options)... and by ensuring I dont risk more than 1-2% of my account, I can also survive being wrong more than a few times.. and as long as the method being traded has positive expectancy (like the method we are discussing on this thread) then what I will make will always be more than what I will have lost to stops..that simple..




 
Posted - 03/01/2012 20:15:19    
Ottotrader - I didn't quote the above to conserve space. Thank you very much on the suggestions for carryover risk management. I have heard of that before, but didn't think to apply it here. I'll learn how to put those in place. My risk is in the 1-2% (mostly less than 1)total account value range, so I think I'm OK there. 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
Posted - 03/01/2012 21:06:32    
Sometimes helps to reduce position size to something like 100 shares or even less, so that P/L is not a factor and you can focus on testing/building your trading system. When money is involved, our thinking becomes more emotional and less objective. When you are happy with system, gradually increase size to desired level.
Posted - 03/01/2012 22:43:39    
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.


cam111, I have to agree with tachyonv; from my own experience whenever I am bored and find myself trading I just treat it like a slot machine.. and someone makes a lot of money off me those days... I found the fix my ensuring my FCM/BD has built into my account daily limit losses to 2% of the total account value, but also by noticing when I am in that mood and then just turning the trading platform and the charts off and just browsing the net or going to work out or play with the kids or just going out for a drive.. with trading being all about probabilities, one just studies the setup, places the bet and walks away... it will either work as one expected it given the probabilities, or it will not...
Posted - 03/01/2012 23:04:16    
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


risk management is about controlling the unknown. Having a clear plan will give the ability to address that fear. tachyonv provided a clear and detail plan with all risk management at the start of the thread. Please read it, a few times, and write down on a notebook your take aways and you will have the plan you need.

not sure how you walked away, but if you shorted in the morning, you basically went against the long and short trend... I mean, LULU was a great play up... it gap'ed up over 80c, and in top of that, everything said the trend was up... there were two opportunities identified as per the systems rules that would have provided an entry... and as per the system plan, you could have held the trade until 12:35 CST and capture double the target from the system. You state you dont know how to do things and that you are trying to learn; my suggestion: go back to the original thread, print it out.. write down the rules one by one to aid on knowledge acquisition and then trade 100 shares across all identified positions for the next month following the rules religiously and dont think too much, just follow the plan and the rules..

If someone had provided me this system just 3 years ago .. my account would have crossed a million by now and I would have saved me lots and lots of cash on many "educators" out there from whom I leaned very little.. and I would have saved also the tuition I paid to the markets to learn overall.. this system is so simple that it is not even funny, no need to complicate it by over thinking too much.

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Posted - 03/02/2012 12:48:59    
loss on RRC today -.50 + comm

first week of trading

4 wins, 1 loss

still only making 1 trade a day for well less then 1% of my account value. If I have a good week next week I'll bump up the shares a little.

only advice to people that are struggling is to start very small with position size and stick with the security selection process and entry and exit rules. If it ain't broke don't fix it! Way too often people deviate from a system then have a drawdown and abandon the system.

 
Posted - 03/02/2012 14:17:32    
providing a detailed report so that cam111 understands why one should just take losses and move on... here are my trades (hitting the bid/offer for entry/exit) ... 5 winners, 7 losers... 12 positions overall max risk of $624 and max gain of $600... the net P&L was a $58 loss.. had I held on to some of the losers, my loss would have been much greater for no real reason.. besides, fridays are always the worst days to trade directionally.

I followed the system as close as I could in terms of entry.. and I didnt close positions when I thought the market was heading lower anyhow, but rather let them be a la retarded monkey style and exit at the end of the trade as determined by the plan.

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all trade entries were made between 10:10AM and 10:18AM EST... I wanted to see what MAE/MFE would be for the trades as well, so I tracked the HH and LL for the duration of the trade... it was fun to watch.
Posted - 03/02/2012 15:44:59    
ottrader what charting program are you using?

NFLX 10:15 +0.62, ABX 10:15 -0.50, CSTR 10:30 -0.52, PANL 10:45 +0.52, OPEN 11:00 +0.52
Tach, it looks like you entered PANL well below the KC channel. I'm wondering if you are entering based more on price action rather than any particular indicator?

Posted - 03/02/2012 16:21:30    
...how does that saying go. Experience is a hard task-master, but a fool will learn by no other? For those who have offered guidance "thank you" and you'll be pleased to know that I closed all positions by the close today(not so sure I'm thrilled about the outcome though). An have chalked today up to a very expensive lesson of when to enter and when to just sit tight and watch. I did a scan last night and charted/sorted out the details an came up with 5 options for the day NFLX, JAZZ, GMCR, HUM, and ALXN. Talk about an exercise in buying high and selling low! I watched from the open, and waited, and waited and then finally when NFLX, ALXN and GMCR were still going up at around 9:20 (central)I bought in and held on. With each slight uptick most staggered and corrected slightly, like it was coming back, but to no avail. So today I have given back aroun 5K to the pool. That said however, in the long run it is probably better than being down double that on monday with either a slow start or a gap down over bad news. Hope some of ya'll did better. Looks like I'm reading and studying how to enter and exit over the weekend!
Posted - 03/03/2012 13:07:14    

 
Posted - 03/03/2012 13:14:25    
Thanks for the thread tachyonv...will study it the rest of the weekend...had a TS account several years ago and it's good to be back.
Posted - 03/03/2012 15:23:13    
cam111, are you talking about scanning daily for candidates using tachyonv method or your own method? also, is that 5K loss from today or from whatever you were carrying? my only advice left to you would be to stop trading size. Even if you have the money and can afford losing 5K a day, dont... there is no reason for that...trade 100 shares and dont average in anything... try tachyonv method with 100 shares until you get it right... those are my final words to you as advice in the spirit's of sharing as tach has done..

bwjr, that is life... a few of my trades became profitable towards close, but never assume that will always be the case, it could have just continued going lower and lower... so am happy with the small loss ... I made money trading commodities today so is not like the day or week was a loss...

benuchcale, I use marketdelta as my single charting platform with IQfeed.. it is fast, easy to customize and write indicators for, and it consumes very little resources even with 20+ charts up... systems design and back testing is somewhat limited, but allows for quick prototyping of ideas..
 
Posted - 03/03/2012 17:22:30    
Used patience with ALXN and made my goal, but waited till near end of session. Blindly went into RRC, but in retrospect I should have avoided this energy related stock with the underpinnings of the strong dollar. Overnight positions dont usually worry me as long as I have some type of hedge in my short term or long term portfolio. It was a very odd day as Fridays can sometimes be that way.
Posted - 03/03/2012 23:28:22    
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? With the stocks that move alot (NFLX) I would get stopped out at a 2x trailing stop only to see it climb past the profit target. Tach instructed to not let a profitable trade turn into a loss. What is an appropriate trailing stop and/or is there another profit preserving strategy?

Ottrader - thanks. No, that was my beating for the day. Psycologically I'm looking at it with the view that a loss with a closed position is better than starting a new day with a losing position. Fact of the matter is that I have ground to make up, so why restrict myself to trying to make it up on that very position. Hope that's the best way to approach it.

Thanks again for the feedback/suggestion, I'll pull back to 100 share lots.
Posted - 03/04/2012 09:14:45    
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?


please read the first post... all your questions were answered there thus far. I will highlight/summarize what i see as your problem..

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.
- Sell 1,000 shares after price has risen $0.52/share, the two pennies to cover commissions.

Advice:

- This method works well a high percentage of the time but not 100%.
- Often the lowest prices of the morning are between 9:30 AM and 10:30 AM Central.
- Study the history of each symbol to see if there is a recent repeated pattern of such lows. Often the highest price is at 12:35 PM Central followed by a decline. Sometimes, not infrequently, prices rise around 1:00 PM Central, a bit more often after 1:30 PM Central.
- Watch %R, Vol indicator, KC for visual clues, which with practice will become obvious and instinctive.
- This is a high win rate method with relatively low risk. If you are not achieving 80% to 93% win rate or if you are suffering a large loss once in a while, then you are probably not trading with sufficient self-discipline, and/or too impatiently and/or not paying enough attention to/understanding the indicators. Or gambling greedily by buying more than 1,000 shares per symbol per trade – which is poor risk/money/position sizing management.
- Judgment is required for entry and exit, watching the indicators and time. This is not a good candidate for automated trading. It appears to be simple enough to automate, but trade this manually for a month or so, and you will see why this is not such a good automation candidate.
Posted - 03/05/2012 08:38:11    
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?

I wonder how many (if any) professional Wall Street or Chicago traders have any interest in:

1. computer programming,

2. internet/network connectivity & management (port settings) or

3. troubleshooting breakdowns/instabilities in their platform/trader interface(s) with the market.

When/if my current platform stops connecting with the TradeStation trade servers
I will simply take the hint and move my funds elsewhere.

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).

Tachy - Sorry about this hijack, but you started it, lol

Now...back to Tachy's cool scalping method.
And btw, several of us have been silently reading (now over 10,600 views !!!) your very interesting thread.

-Scuba Steve
 
Posted - 03/06/2012 11:02:24    
2 losers yesterday on NFLX total -.62
1 winner today NFLX +.52
Posted - 03/06/2012 11:44:58    
PRGO -.50, REGN -.50, VRTX +.52
Posted - 03/06/2012 12:02:56    
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

It takes a brave soul to publically admit to losing money so I thank you folks for being so honest !

As presented (originally anyways) Tachy's system was long-only which works well in up markets.

This morning has not been an up market.

I look forward to folks discussing taking Tachy's system rules both long and short.

-Scuba Steve


 
Posted - 03/06/2012 13:05:40    
Repeat of my post from the other day (think Saturday) when forums were having posting issues -

On 1 minute Dow chart a double top, then break below a previous swing low. Pretty routine if you ask me:


Posted - 03/06/2012 13:11:09    
Scuba

Know what you mean, its really easy to post the winners and forget about the losers which gives a false impression in the post so I'm happy to post my losers so as not give the impression I am getting all winners.

Still maintaining a 80% winrate on smallish size and nice to get a winner on a down day.

Heres hoping tach is willing to share some more stuff before he leaves due to the Ports issue on 9th.
Posted - 03/06/2012 13:15:04    
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.


The "ports issue" may turn out to be a "non-issue" for most of us, kind of like Y2K was. Ed Yardeni, are you listening?

**********************

Stomach flu? bummer.. Have you tried activated charcoal? It absorbs the baddies.
Posted - 03/06/2012 14:17:33    
This is great strategy. What I call it as "shake to support". usually at open during chop stock shakes to support and then rallies to noon.
Beware though this works only in bull market. Market may be moving to correction mode so this may not be great till market back in bull mode.
Posted - 03/06/2012 16:07:12    
Tach,
I haven't traded stocks for years, but this thread inspired me to look into them again, and I have to say this is great. I've been so futures-focused have overlooked the potential in stocks. I'm using a different entry method so I don't want to hijack this thread, but shorted ACAT overnight, and long FOSL just before 2pm Central this afternoon.

Just wanted to say thanks for sharing and hope you're feeling better.
 
Posted - 03/06/2012 21:56:16    
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
 


.. + no monthly platform fees + portfolio level simulation at no extra cost

Sorry for hijacking this thread

Altho I don't trade discretionary but I would also like to thank Tach for sharing his method for the discretionary traders
Posted - 03/07/2012 11:41:41    
NFLX +0.75, MAKO +0.52
Posted - 03/07/2012 11:50:34    
no trading last several days - back problems but played OPEN for +.45 this morning.

tach, I appreciate your stock trade postings. Not so much interested in what you made or didn't make, as much as which ones you selected. Thanks.
Posted - 03/07/2012 13:47:59    
Having studied Tach's entry points - particularly the ones he was very precise with on 15/2, it appears to me that on the 'entry' bar he opens the position after the bar has opened and before it ends. Have I got that right?

If so, would anyone be willing to share with me how that works. On the face of it there would appear to be the possibility of false entries with price reversals.

 
Posted - 03/08/2012 10:15:51    
NFLX 106.44 @ 10:00 = 0.52 PT.
Posted - 03/08/2012 11:17:29    
took a +.42 on OPEN
Posted - 03/08/2012 11:26:18    
OPEN 42.43 @ 10:34. Sold 42.95 @ 11:18 = 0.52
Posted - 03/08/2012 11:56:37    
OPEN 42.35. Sold +0.52

Thanks Tach, once again

Today was not good for me. 3 stopped out, 1 small profit take, and 3 small losses. It didn't help that I exited on the market's low of day at 1:30E.

Posted - 03/08/2012 17:56:33    
Tachyonv-

I stumbled on this thread this morning and read every post. looking forward to setting up workspace and hearing more chatter. thanks for sharing.
Posted - 03/09/2012 10:35:29    
ULTA +0.77, NFLX +0.77, VFC +0.52, yesterday had one trade EW +0.11
Posted - 03/09/2012 10:57:27    
NFLX +0.52
Posted - 03/09/2012 11:19:44    
Nothing wrong with trading against trend, if you are making money, but NFLX high a week ago 117.84 and then low on Wednesday was 102.53

Yesterday was only day in the last 5 to actually close higher.

 
Posted - 03/09/2012 12:24:54    
CRR +.52 RRC break even.
Posted - 03/09/2012 13:06:07    
tach -- that is the hardest part for me so far -- the patients to wait for the trade.
Posted - 03/09/2012 14:56:22    
GMCR - during pre-trading hours, could not get a fill even at 5 staggered orders of 100/ea shares. Is this common? Closed GMCR during regular session +.74.

Cadi - good point, I've taken a beating (amplified by using poor dicipline/timing and not following the strategy) on NFLX that I am standing by and watching that one.
Posted - 03/09/2012 15:08:50    
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
Posted - 03/09/2012 15:27:37    
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

 
Posted - 03/09/2012 15:36:55    
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


+1 quark. Even Puppeti would agree. Glad to see you alive and well
Posted - 03/09/2012 16:11:42    
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.
Posted - 03/09/2012 16:27:23    
quote:
Originally posted by tachyonv
cadi, that is all irrelevant when trading intraday cycles and not holding overnight, using this method.
My comment was just a point of interest, not questioning validity of the method.

There are all kinds of ways to trade.
Posted - 03/09/2012 16:54:46    
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?
Posted - 03/09/2012 17:14:45    
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

 
Posted - 03/09/2012 17:28:28    
Yes the best indicator does't get its action from Stock price or volumn. Hopefully the Wind tunnel won't reconize the turbelence. Like data derived from some other source other than the Stock Market.like an oscilliscope sine wave derived from a sound recording of Street trafic. Or streaming data taken from a temperture recording devise from a weather Station. Wait a minute, I'm not kidding.
Posted - 03/10/2012 09:18:11    
Tach, I was going over this forum from begin. It is amazing you have so much energy to spend and tell your ideas. I really admire your dedication.
 
Posted - 03/10/2012 09:23:12    
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?


Yes, Worm. I'm with you...
Posted - 03/11/2012 04:14:30    
First, my thanks to tachyonv for sharing his system/methodology. I realize that in his first post for thread, tach layed out the plan.
Now might be a good time to review the plan:

Use TS's Scanner to screen equities for the following parmeters:
1) Intraday EMA(34) price range >= 2.00
2) Closing price between $30 - $125/sh.
3) Beta <= 0.7
4) Avg. Daily Vol. > 800,000shares

Load the stocks from the scanner into Tradable Symbols RadarScreen w/APR_Recent Days input parameter set to 34.
Double click on APR_Recent Days ("Recent APR" in RadarScreen?) column to get sequenced from highest to lowest.
Select those symbols with APR Recent values => $2.00 and that are not rejected for other reasons.

Set up charts formated for candle sticks, Keltner Channels, %R and Vol. EMA indicator.

TRADE:
Buy 1,000 shs. between 8:30 - 10:45 am CT (best prices, (i.e., lowest) are between 9:15 & 10:30

Sell after price has risen $0.52/sh or by 12:35 pm CT

Use a trailing stop.

As to a stop loss - $.25?

Don't get greedy and make only one trade/day/equity.

If I missed anything, please fill in but I wanted to keep it simple.

One request, what equities currently pass the screening?
Without looking up Beta I get; NFLX, PXD, PRGO, OPEN, ALXN - is that about correct?

Great thread, thanks again to Tachyonv and all the rest that have posted.

Red
Posted - 03/12/2012 11:38:07    
NFLX +.52 caught the early rise, very quick profit
RRC -.25 got in too early
Posted - 03/12/2012 12:33:56    
I jumped into RRC as well but tightened stop and lost -0.29
I caught some of PANL at +0.40, so still ahead for day.
Posted - 03/12/2012 13:40:59    
RRC -.04
Posted - 03/13/2012 08:47:38    
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


 
Posted - 03/13/2012 11:07:43    
split read and study tachyonv link below:

https://community.tradestation.com/discussions/topic.aspx?topic_id=18787
 
Posted - 03/13/2012 13:05:55    
tachyonv:

"This is a high win rate method with relatively low risk. If you are not achieving 80% to 93% win rate or if you are suffering a large loss once in a while, then you are probably not trading with sufficient self-discipline, and/or too impatiently and/or not paying enough attention to/understanding the indicators"

Tach, when will you tell us the other strategy with short trades too? I'm dying to know something about it :))

Posted - 03/14/2012 12:07:19    
no trades yesterday, just couldnt get a handle on it then realised it was FOMC day.

+.52 on NFLX today
Posted - 03/14/2012 20:56:22    
traded QCOR +.32 (trading a few smaller stocks that fit all criteria except $2 range due to account size)
traded LNKD B/E in too early.
Posted - 03/15/2012 10:26:32    
tachyonv

would you mind commenting on your cycle thread and split's tape reading thread when you have a chance?

hope you feel better soon.
Posted - 03/15/2012 12:01:13    
CRR +.42
Posted - 03/15/2012 12:19:36    
I am simply following this thread. I don't know but would it be helpful for people to post their entry times and exit times?
Posted - 03/16/2012 08:01:55    
Tach,

Once again, thanks for sharing this volatility method. I am but one of the flock who have found this rewarding and educational, not to mention some of the indicators and EL code that I have adapted. I think it has been over one month since you teased us with additional strategies to come. I will look forward to your next strategy and wish you all the best with some of your health issues. Keep enjoying those grandkids. They keep you young.
Posted - 03/16/2012 11:52:37    
ESRX 10:10 - 10:50 +.31
Posted - 03/16/2012 12:18:29    
NFLX 11:14 - 11:28 +.52 (actually got a bit more than that as scaled out above .52 but posting trade within the guidelines of the method)

Been having quite a good run on NFLX, just wish I knew why, still dont realy get or understand cycles, just feels like i'm getting lucky
Posted - 03/16/2012 12:30:21    
split glad to see you are doing well. There are reasons why tachyonv's cycles work, they are fairly close to mine and what LBR taught in the past. Learning the why on your own will make you a much better trader and will influence your decision when to enter/exit the trade...I don't think you are simply lucky at this point.

Be sure to study NFLX carefully, you might find it trades a little different than other instruments, as tachyonv has pointed out about instruments in general in the past.
Posted - 03/16/2012 13:11:40    
nirvana

are you trading tachyonv's strategy...how are you doing daily? I don't trade equities and am simply watching the thread.
Posted - 03/16/2012 18:01:52    
quark, I have played around with tach's strategy, but I find it performs best in trending and up markets. For his strategy, I have used ALXN, RRC, OPEN, PANL, and PRGO as his candidates. I have also been playing with FFIV, and QLD using his method with discretion. I usually only trade when the TRIN is < 0.9. I have been relatively successful, however with these up markets, a dartboard approach may also work well. I have not had the time to do any thorough back testing yet. I think his modified Keltner method combined with low %R provides some excellent entry points for these markets.
Posted - 03/16/2012 18:14:42    
thanks nirvana, was just curious. Perhaps you can explain why you use the TRIN for selection. It appears tachyonv may not be adding to the forum for certain reasons. Please continue your ideas here and on the Keltner method...You have been a member of the forum going on a decade.
Posted - 03/17/2012 20:45:44    
quote:
Originally posted by quark
I am simply following this thread. I don't know but would it be helpful for people to post their entry times and exit times?



I too am interested in the times that traders are taking positions with the tachyonv method.

Typical intraday price turning points for the past 22 days for @ES, start time 8:30 am.
This past Friday price followed the regime switching protocol fairly closely.

10:00 am
13:00 pm
15:00 pm
Posted - 03/18/2012 19:18:44    
Quark,

At times I like to trade on the long side and I either like to see a trending or up market; that is why I sometimes trade when the TRIN < 0.9. I might miss some good opportunities when certain stocks dont correlate well with the NYSE. I also tend to use this when I run unattended automated strategies. Otherwise, when I am watching tick by tick, I tend to be more aggressive but I do watch relative strength (%R), TRIN, TICK, and TRIX. As stated in some of the earlier posts, entry times might fall between 1030 and 1130 est. I also tend to look for quick scalps later in the day.
Posted - 03/19/2012 20:08:32    
Had someone traded today 1000 shares on each symbol using Tachyonv's Tradable List and top $APR you would get this.
Attachment:DATA/20120319200312Tachynov 03192012.xlsx 10635 bytes
You would need a 3.5 Mil account or you could reduce to 100 shares per symbol.
However the interestingis 3 loosers to 36 winners.
Posted - 03/20/2012 07:03:46    
quote:
Originally posted by benuchcale
Had someone traded today 1000 shares on each symbol using Tachyonv's Tradable List and top $APR you would get this.
Attachment:DATA/20120319200312Tachynov 03192012.xlsx 10635 bytes
You would need a 3.5 Mil account or you could reduce to 100 shares per symbol.
However the interestingis 3 loosers to 36 winners.


benuchcale

What are you using as the entry point for these figures ?

The key to this strat (as far as I can tell) is WHEN to get long on a limit order at a low.

From my own stats testing I can see that 90% of the time, the profit target will get hit but only as long as you get in at the best time. This is the bit I struggle with, knowing when to get in.

I have been experimenting with various methods for finding the best time of day to enter, one of which is to use a simple strategy and optimize the start time and then examine the optimization results for %profitable and netprofit for each minute between 930 and 1145.

Anyone else use this method or can suggest alternatives, would be appreciated.
Posted - 03/20/2012 08:56:26    
split, a few ideas to consider:

Hard code (10:00 am long) into your strat, optimize the target.
Incrementing by 1 bar, back and forward, from 10:00am, collecting frequency of win/loss.

To get a better idea of what time to use,
you could even weight the win/loss results by the total points taken accross all time frames tested.

Compare the frequency and size of wins at each time increment.

Take a look at the e-ratio article for more ideas of how to evaluate your results.
https://community.tradestation.com/Discussions/Topic.aspx?Topic_ID=118928

fyi: Found reading scholarly articles, 5 min bars chart get's you out of the noise of the market.

 
Posted - 03/20/2012 09:06:02    
quote:
Originally posted by split
 
quote:
Originally posted by benuchcale
Had someone traded today 1000 shares on each symbol using Tachyonv's Tradable List and top $APR you would get this.
Attachment:DATA/20120319200312Tachynov 03192012.xlsx 10635 bytes
You would need a 3.5 Mil account or you could reduce to 100 shares per symbol.
However the interestingis 3 loosers to 36 winners.


benuchcale

What are you using as the entry point for these figures ?

The key to this strat (as far as I can tell) is WHEN to get long on a limit order at a low.

From my own stats testing I can see that 90% of the time, the profit target will get hit but only as long as you get in at the best time. This is the bit I struggle with, knowing when to get in.

I have been experimenting with various methods for finding the best time of day to enter, one of which is to use a simple strategy and optimize the start time and then examine the optimization results for %profitable and netprofit for each minute between 930 and 1145.

Anyone else use this method or can suggest alternatives, would be appreciated.


Split,
The entry and exit are simple. Get in at 10:30 get out at 1:30 PM no optimization. However, it varies from Tachy's strategy in that this one does not take the 0.52 points as the max gain.
The point of my post is to show that there is no reason to over-think this strategy. At least for the past 3 months. You got in at 10:30 and you got out at 1:30 period. One thing I would add as protection is a stop loss.
 
Posted - 03/20/2012 12:29:19    
When to perform the scan, the night before or in the morning before it opens?

I have observed the method for a few days, it appears the entry point is vert important to get out with the target profits. Tried one today PRGO, got in and out within less than 30 min when the target profit was reached. Another one RRC is still in the process, I will try to close it out by 12:30 win or lose :) Thank you for help.
Posted - 03/20/2012 12:32:52    
quote:
Originally posted by PACER123
When to perform the scan, the night before or in the morning before it opens?

I have observed the method for a few days, it appears the entry point is vert important to get out with the target profits. Tried one today PRGO, got in and out within less than 30 min when the target profit was reached. Another one RRC is still in the process, I will try to close it out by 12:30 win or lose :) Thank you for help.


Pacer123

If your referring to the TS scan to find the symbols matching the search criteria then I dont think it matters what time of day you run it as you only need to run it periodically, not every day.

 
Posted - 03/20/2012 14:10:29    
Hello, seems interesting this methods, just a simple question for TheHook, on my scanner when i entry the indicator criteria of AvgRange, i couldn't get the rows below to format and put the interval, lengh 34 , sort,etc. How can i find these options to format? thank you
Posted - 03/20/2012 18:01:14    
I got it. Thank you anyway. But now other question, today is posible that i can find 116 symbols under these parameters. I ask this because on the first, it show me that ^no symbols met this criteria, so i create a new scanner and now i find 116 symbols. And i was looking that normally on the forum they find 4 or 5 symbols.
Posted - 03/20/2012 19:49:17    
quote:
Originally posted by yitana
I got it. Thank you anyway. But now other question, today is posible that i can find 116 symbols under these parameters. I ask this because on the first, it show me that ^no symbols met this criteria, so i create a new scanner and now i find 116 symbols. And i was looking that normally on the forum they find 4 or 5 symbols.


I've been getting around 100 or so from the scanner, then when I put into the RadarScreen, it usually comes back with around 40 options that are "Tradable" from there I look up beta on Yahoo finance (note I don't use beta in my original scans) and typically am left with 5-10 candidates (typcially the same ones) Here is the final list from the scan I ran on Mar 11th UCO(D)LULU,CERN,REGN,NFLX,GOLD,HUM,ALXN,PANL,PRGO,OPEN,RRC,GMCR
 
Posted - 03/21/2012 00:00:12    
I agree -- but I don't have RadarScreen so my post have been removed.

For those of us with smaller accounts, any thoughts on using Options/Leaps for this system?

Red

Posted - 03/21/2012 13:22:53    
quote:
Originally posted by theHook
I agree -- but I don't have RadarScreen so my post have been removed.


RadarScreen is FREE with the minimum trades per month 5,000 shares (2,500 in and 2,500 out) or 10 roundturns per month.

TradingDude

 
Posted - 03/21/2012 14:16:31    
quote:
Originally posted by TradingDude
 
quote:
Originally posted by theHook
I agree -- but I don't have RadarScreen so my post have been removed.


RadarScreen is FREE with the minimum trades per month 5,000 shares (2,500 in and 2,500 out) or 10 roundturns per month.

TradingDude

 


I use TS but trade somewhere else!
Posted - 03/21/2012 14:24:22    
quote:
Originally posted by theHook
 
quote:
Originally posted by TradingDude
 
quote:
Originally posted by theHook
I agree -- but I don't have RadarScreen so my post have been removed.


RadarScreen is FREE with the minimum trades per month 5,000 shares (2,500 in and 2,500 out) or 10 roundturns per month.

TradingDude

 


I use TS but trade somewhere else!


For general information:

Me too, but trade enough to cover Platform and Radarscreen fees/costs...Subscriber Platform Fee plus Exchange Fees gets real expensive...

Tradestation Subscription: $249.95 / month
Limited to simulated trading

Brokerage $99/month PLatform Fee

Otherwise, looking at over $400 per month...$5,000 plus per year...

Trade YM or NQ for 1 or a 2 tick profit...covers commisions, $100 Platform Fee plus $59 RadarScreen...

1 tick in ES, even the micro Euro (M6EM12) for $1.25 per tick can be traded to cover costs without any significant $$$ risk...


makes economic sense for me....
Posted - 03/21/2012 15:29:02    
For those interested in searching on Beta, Yahoo has a nice java app which includes Beta as a search critera

http://screener.finance.yahoo.com/newscreener.html
Posted - 03/22/2012 12:58:23    
Not so good today.

Only been trading NFLX recently but thought I should try some other symbols for practice and diversification. Only traded small size as still practicing.

WPI - .17
GMCR +.08 Got to +.30 so trailed a stop.
NFLX +.03 Took 3 entrys, first 2 small loss then 3rd went to +.52 target (this is outside the method mentioned by tachyonv as should only be 1 trade per symbol per day but been doing quite well on NFLX, untill today)
BIIB -.47 (.17 slippage on stop order) Wish TS had stoplimit orders in charttrader, would have got filled at stop as price emmediatley bounced back to stop position.


Been good practice though with multiple positions.

Of course the 2 entry's after my exits went to target on NFLX and GMCR
Posted - 03/22/2012 13:10:36    
FWIW I usually skip trading this method on days when the DOW is down over 50 points.
Posted - 03/22/2012 13:30:32    
split

what times did you enter/exit?....which time zone
Posted - 03/22/2012 13:31:25    
fair point tachyonv, looking back through the post seems you have mentioned this before.

typical I should try trading multiple symbols on a bad day.

Will put it on my no trade days list.
Posted - 03/22/2012 13:51:16    
quote:
Originally posted by quark
split

what times did you enter/exit?....which time zone


quark Here you go...

trades are in GMT so take off 4hrs for exchange trade time (EDT) I think


 
Posted - 03/22/2012 14:08:15    
split we went EDT Mar 11 and you change this weekend on the 25th



Currently GMT:18:07
EDT:14:07
Frankfurt :19:07
Posted - 03/22/2012 14:38:14    
Hello Tachyonv, today i tried GMCR at 0955 East time at $55.12. Things didn't go well. For the future, i won't entry in a down day, may take the Dow down more than 50 points to not entry, as part of this system.
But i put an Stop Loss, $1 dollar down. So, the SL still doesn't touched (very close to) but i could go out at the breakeven 1230, and i didn't thinking that on this recover things could go in my favor. After, if i have to go out at 0130, the price is so close the SL that i let it run, but SL didn't touched and i'm still taking a round on the same trade.
The question, how you take the decision to go out in this case? And other thing: the green dot on your KCAll indicator is the better signal to entry according this indicator (of course without looking the %R)? Thank you. (English is not my language, sorry if you find some mystakes).
Posted - 03/22/2012 14:49:56    
yitana I do not pay any attention to the green dots on the KC All indicator. I would not have entered today (and did not enter today), so would not have the decision to make, regarding when to exit.
Posted - 03/23/2012 11:26:27    
quark, if your interested

A bit better today.

GMCR +.12 Stop too tight
ALXN -.31
NFLX +76 Stop too tight on 2nd half



 
Posted - 03/23/2012 11:43:15    
split

may I make a suggestion...set your trading computer to either Central Daylight (Texas...tachyonv's zone) or Eastern Daylight (New York City time). Review your trades and tachyonv's suggestions. Both GMCR and ALXN were winning trades if you waited a little longer before entering, if I am not mistaken. Review intraday cycles as well. Time and cycles can get confusing at times.
Posted - 03/23/2012 15:31:09    
I m following this method since one week, i found it very interesting and profitable (after triying and triying with automated strategies that seems to works for a period or on the backtesting but make me broke my head with EL to not reach the goal)...QUESTION: i just want to ask if somebody develope a good money management (rules) for exits with Stop loss, or the decidion is totally personal, going out -0.50 or -0.25 if the trade dosn't go in the way we expect.
Posted - 03/23/2012 17:11:43    
yitana

Please read tachyonv rules on the first pages. He developed this strategy...read and study his rules...I believe the key to this strategy being 85-90+% correct depends upon the correct entry time.

Remember this is a discretionary approach to the market...non-automated.

I believe you can keep the stoploss < 1.00 IF you enter correctly, understand the strategy/indicators and ???????exit (based on the indicators) if the trade turns against you before the stoploss of 1.00 is hit. Please clarify the last idea (early exit)with tachyonv before taking my word...that's simply what I do...sometimes I reverse my position....Note, this is very important, tachyonv NEVER spoke about reversing his position.

I am giving some advice/suggestions since I am a discretionary trader and do not use automated strategies. Remember I trade futures and not equities so do not take my word as the "truth". I am responding since tachyonv said he is occupied with other things and may not be on the forum some times.

just a question...it your name yitana or gitana

http://www.youtube.com/watch?v=QL8-8badzks

 
Posted - 03/23/2012 18:03:52    
quark

I agree that the key to this system is entering at the 'correct time' but also entering on a limit order, the slippage can be quite severe if using stop entrys.

With NFLX there can be 2-4 opportunities in the first 2hrs so you have a resonable chance to get one but on other symbols I have watched and done some basic testing, there is maybe only 1 chance and the 'correct entry' time seems to be a changing target. I can see that generally the best entry is between the times mentioned on the first page of this post but along the way there might be a couple of false entry points.As you have mentioned in the cycles post, understanding cycles can help to avoid losing trades.

Thing is, I have no idea of which cycle the market is in.

I'm sure it will click soon



 
Posted - 03/23/2012 18:24:28    
split

study the excel speadsheet that tachyonv posted...it is very reasonable. Ask yourself "why"....when you have the answer you will see when you can enter early...when you should hold off and wait. I doubt tachyonv, will give you the "whys"...read his posts carefully over this weekend. Hint: I bet next week will be better for you...cycles shift.
Posted - 03/23/2012 18:42:35    
quark,

I have to admit, I have never investigated WHY? the times are important. Read the xls many times but probably been thinking about it the wrong way by trying to backtest the next best entry I can think of based on the times.

Will give it some more reading and thought.

cheers
Posted - 03/23/2012 18:48:52    
split

Hint: note when tachyonv first posted the excel file (what year)....how were the markets then...how are the markets in 2012.

again this is discretionary scalping....I don't care what the optimization was in 1987 or 1992 or whatever...I am a scalper I only care about how is the market today / or how was the market the last x number of days ago.


split hope you and your family have a peaceful and relaxing weekend

quark
Posted - 03/23/2012 20:14:08    



I've been using the Tachyonv technique with the hull moving average (https://community.tradestation.com/Discussions/Topic.aspx?Topic_ID=40589) to better identification of the lowest price. I usually buy when the price crosses above the HMA to confirm I am in the lowest price. I've been cheking it with NFLX, PANL, OPEN with a good correlation.

I hope it helps someone

Attachment:DATA/20120323201254Captura de pantalla 2012-03-24 a las 01.04.39.png 55727 bytes
 
Posted - 03/23/2012 23:32:51    
Quark,

Thank you for anwer me. I have read the rules of Tachyonv, but since english is not my languages maybe my understanding is about 80%.Some words or states scape of my knowdlegde even if i search on a dictionary. Anyway i think i understood most of the rules, and i m not having problems with the entries but yesterday (march22) i entried on GMCR and things didnt go in my favor and i have felt skirt because the SL of $1 compared with a target of 0.50; first i have to said that i should avoid entry on very down days, also i can take the idea from The Hook about the price should attack the KC and not the KC come to the price. But i was looking on this post that most of the traders posting the trades, cut the bad trades before the $1 that propose Tach.Other way it cost 2 good trades to recover 1 bad trade. Of course Tachy talk about an SL of $1 or about going out at 1.30 exchange time. But if someone have other reason to cut the trade to not have a 2-1 risk -reward i would prefere. When the price turn back it always make a pivot, i was thinking maybe to can cut the trade if the price goes down of this pivot floor. Any suggestions are welcome!
About my name is Yitana, i m also a singer like shakira, and have my own web site, but just for hobby!!!
Posted - 03/25/2012 22:02:39    
quote:
Originally posted by yitana
Quark,

Thank you for anwer me. I have read the rules of Tachyonv, but since english is not my languages maybe my understanding is about 80%.Some words or states scape of my knowdlegde even if i search on a dictionary. Anyway i think i understood most of the rules, and i m not having problems with the entries but yesterday (march22) i entried on GMCR and things didnt go in my favor and i have felt skirt because the SL of $1 compared with a target of 0.50; first i have to said that i should avoid entry on very down days, also i can take the idea from The Hook about the price should attack the KC and not the KC come to the price. But i was looking on this post that most of the traders posting the trades, cut the bad trades before the $1 that propose Tach.Other way it cost 2 good trades to recover 1 bad trade. Of course Tachy talk about an SL of $1 or about going out at 1.30 exchange time. But if someone have other reason to cut the trade to not have a 2-1 risk -reward i would prefere. When the price turn back it always make a pivot, i was thinking maybe to can cut the trade if the price goes down of this pivot floor. Any suggestions are welcome!
About my name is Yitana, i m also a singer like shakira, and have my own web site, but just for hobby!!!

Pretty good. "Eres mi alma".
Posted - 03/26/2012 05:39:23    
yitana

You are correct about the win to loss ratio. To break even this strategy needs to be at least a 67-70% correct to include commissions. As tachyonv wrote earlier you should be 80-93% correct with this strategy. I would guess tachyonv is between 90-95% correct because of his experience. Many scalping strategies require a larger stoploss than profit...but that's OK with a high winning percentage.

This morning my wife listened to some of your tunes and was reminded of Selena...(naturally NOT Selena Gomez).
(ultimo concierto de Selena) we both enjoy Cumbia


http://www.youtube.com/watch?v=nZ7ULHI8rHs&feature=related


Ultimo concierto de Selena in HD

http://www.youtube.com/watch?src_vid=7SxbeQj2pAw&v=4QiHzNFKw9I&feature=iv&annotation_id=annotation_381314

(may need to copy and paste)

My favorite female aritist is/was Soraya

http://www.youtube.com/watch?v=VQjPHN7OnEQ&feature=related

http://www.youtube.com/watch?v=5emg_hl3Mcc&feature=related

sorry tachyonv about getting off topic

 

Hello, just to say thank you, i had jumped one step: Select those symbols having $2.00 or greater recent APR. I found now just 5 symbols. Just will keep triying, i like the system, thanks Tachyonv for sharing it.

Posted - 03/26/2012 11:28:59    
NFLX -.45 In@ 10:25 out @ 10:40 EDT

Got the timing wrong today. The rise occured 5 mins after being stopped out at the point I should have been entering.

Still struggling to see any pattern as when to enter.

Recent rise times for NFLX.(EDT)

03/26/2012 10:45
03/23/2012 10:15
03/22/2012 09:59



 
Posted - 03/26/2012 11:56:57    
For each symbol, set up one desktop containing Time and Sales window; 5 minute interval chart; daily interval chart; week interval chart; each with the default number of bars. Format bars to candlesticks. Add Keltner Channels All indicator to top pane of each chart. %R to middle pane. Volume Exponential Average indicator to bottom pane.

Study, learn intraday cycles using the Excel spreadsheet at the link below. This spreadsheet is conceptual, no particular day matches it exactly and some days match it not at all. Be sure to set the spreadsheet's adjustment for your desired time zone.


Watch %R, Vol indicator, KC for visual clues, which with practice will become obvious and instinctive.

Price will not necessarily bounce up that much. Exit regardless by 12:35 PM Central. Exception: on a moderate to strong bullish day, use a tight trailing stop, or visually monitor to exit, let it run to a larger profit. Do not let the price gain drop below $.52 on such a day. Once profitable do not let price drop into a loss.

Does not matter much if markets are up, down or flat, providing entry is at a sufficiently low price. Providing you stick to symbols whose beta is <= 0.7. Exception: those exceedingly rare days when the markets start down at the open and continue down through 12:35 PM Central. Take the loss at 12:35 PM Central or before.


Addendum trade rules:

- One trade per symbol per day. Do NOT exit then get back in.
- OK to scale up entries, but not to more than 1000 shares per symbol. OK to scale down exits, although most of the time it is best to get out fast, especially if it is not at least a modestly strong or better bullish session.
- Once exiting has begun, continue until done. Do NOT add to a position once exiting has begun.
- Do NOT carry overnight and especially do NOT carry over a weekend. This is an intraday trading method, NOT a swing trading method.

 
Posted - 03/26/2012 12:08:33    
split

can you post your chart from this am NFLX....what do your candlesticks/%R etc. look like? I would not have entered until between 1045-1050 EDT (not at 1045 precisely)...based upon candlestick change and %R (I assume tachyonv uses a value somewhere around length 14, OB 70-80 and OS 20-30.)

I personally do not use tick optimization...I update on every tick.



I would not have taken the trade at 950 EDT because it was already at "mid-channel" which is a high risk trade. What this strategy does is take 25% of range and if you are mid-channel the likelihood of success of this method diminishes compared to being closer to the bottom of the channel.
Posted - 03/26/2012 13:04:21    
quark

I have been trading off a 1min chart so I suspect this is why I have been getting in too early. What do you think ?

[

slap! for not following the method as described
 
Posted - 03/26/2012 13:06:45    
Take a look at my chart....tachyonv's rules including cycles for this strategy are based on 5 min. charts...Go back over the last few weeks and check out 5 min. charts....specifically looking at all of your entries. The targets/stoplosses are all based on 5 min.

By shifting to another time frame, many times profits and stoplosses change in a scalping strategies. You are fortunate that you haven't busted your account. I just looked at your chart.

Once you go down to lower time frames < 1-2 minute charts you really have to Know your indicators, how and why they do what they do. The indicators can be used but depending upon which indicator you use sometimes have to think outside the box. I will not get into that here since tachyonv has given everyone a very nice strategy that simply needs to be mastered and the discussion should center on that idea.

split I would suggest copying/printing tachyonv's rules and have them in front of you at all times, seriously.

back to cycles read what I copied from page one of this thread.....when you get involved with the cycles starting thinking about "why days don't follow the cycle at all".

 
quote:
This spreadsheet is conceptual, no particular day matches it exactly and some days match it not at all.
Posted - 03/26/2012 13:33:00    
understood quark,

One thing I would like to ask is did you change any of the Keltner Channels All indicator parameters.

On a 5min chart the channels dont match your screenshot.


 
Posted - 03/26/2012 13:37:43    
I do not have tachyonv's Keltner indicator so I just threw in the standard TS with a 2.5, I believe. I don't use keltners/bollinger etc. because of my trading instrument and time frame...(just like your keltners on a 1 min. chart) I also don't have tachyonv's volume indicator, thus it's not on my chart.
Posted - 03/26/2012 13:59:21    
I have been looking at KJD Avg Time of Day for Low over the last 30 days and using it as a strating point for my entry. Then if it is either below the lower keltner or near it, I wil consider an entry on the first up bar. I have not attempted to fine tune this at the moment.

As you can see two bars after the yellow dot (KJD avg TOD), was a green bar breaching the keltner for a good entry. It might be something to watch for a while and see what you see. The KJD Avg TOD is posted earlier in this thread.

This is not part of Tach method and if he wishes, I will delete.

Posted - 03/26/2012 14:39:27    
split

just a suggestion...follow tachyonv's strategy precisely ???using simulator until you hit 80%....break-even with this strategy is about 70% including commissions. Sim is NOT the same as real time trading. Once you are at 80% go real time. You should be able to get 80% very quickly. Hint: Be careful if you enter significantly above the mid-channel line, that is why I said I would have entered sometime between 1045 and 1050. This strategy style works if done properly.

I would think you would be trading real time this week or next...just study old charts...run them bar by bar from 8 am - 1130 am on several symbols. I would begin from the second week in January (avoid the holiday season...holiday season may trade differently depending upon the instrument/symbol).

You do know that oscillators function differently in uptrends than in down trends and differently in sideways markets...right. I suspect this is why tachyonv won't trade if the market is down xyz points because the %R signal becomes unreliable used in a standard fashion for this strategy....know your indicators, know their limitations, know when they work and more importantly when they don't work or are down right wrong.
Posted - 03/26/2012 15:50:32    
I just recently came across this post. Many thanks for all your time tachyonv! There's elements of this scalping methodology I've used for over a decade. It's tough coming this late to the party/all these posts.... I'm only a few pages into covering the '19' pages of posts. Noticed a lot of misunderstanding of tach's rules: beta being checked for the scan (no!) ATR being used (no! not for intraday trading) I can possibly add (also a non-automated) TA goodie to pull BOTH the win% and profit% up I believe, (and will gladly share shortly) but want to ensure I am UP TO SPEED with the latest SCANNING and then loading into RadarScreen method with Latest Build version regarding the indicator as most recently updated and check my correct utilization of this first.

Could you tachyonv or other successful method gurus confirm the following:
1. Is kevinkdog's indicator correct/best for Intra-day EMA Price (34 or 21 days depending on preference to get adequate symbols)
2. Seems beta should still NOT be checked/used as part of the TS scan(as many seem to do!?) just through a manual Yahoo Finance check to help select which symbols to consider (those with beta<=0.7)
3. Is The RadarScreen "20060226164100 Tradable Symbols V 5_1 BUILD 26 for TS 8.1" the most current EasyLanguage Doc File for the radar indicator?
Many thanks. A.
Posted - 03/26/2012 16:53:29    
Hello, today i've made 3 goods trades.
NFLX at 10:32 $119.75 Out 10:49 $120.27 +0.52
REGN at 10:48 $119.38 Out 11:20 $119.89 +0.51
PALN at 11:38 $37.27 Out 11:59 $37:47 +0.20

On the first NFLX, i was 0.62 cents down in a moment that is more than what i expected to win. this skirt me, but i got the solution putting the Target and SL with the OSO and not looking, trusting the price have more probabilities to return. Of course i put a $1 SL and i ask my self what would it happened if it goes down, after i would need 2 goods trades to recover.
I'm triying to write my errors that have more to see with my fears than with my eyes.
For example, if i close the target at 0.20 and after i see the 0.52 target would be easy reached, i write this, to try to gain more confidance, and can use the Tachy rules as he wrote. Because the bigger fail in my case is try to cut the trades with an small portion of the target because my fear of a turnning, and be so confidence on the trade that don't allow me to state a loss until the loss is more than i was expecting and can support.
Just tell about my trades, because for me was very usefull first read the rules, but after follow the trades evrery one of you have posted, going to the chart and studing where are the entries.

For Quark, yes, i know both: Soraya and Selena, nice latin music. Me, i do it for fun!!!


 
Posted - 03/26/2012 17:14:31    
yitana

Congradulations!!!!

Make certain you understand where your orders are held...on your computer, on tradestation server or on the exchange server. This is important if you ever have internet connection problems, electricity problems, telephone problems.

I do not use tradestation as my broker. For scalping trades I use bracket orders (order sends order) and order-cancel-orders.

I believe tradestation OSO only sends "the closest to the entry point order to the exchange" ...that means your profit target is sent to the exchange but the stoploss order in ON YOUR COMPUTER or TS SERVER (please call them to know where it is located). You need to know what to do when you internet is not working. Where the other part of the OSO is held is important.

All OCO (order cancels the other side of your trade) is on your computer if I am not mistaken.

Both parts of my OSO are held on the exchange servers, so I only need to be concerned about my OCO, if I have internet problems.

Sometimes brokers lose connection to the exchange so you need to be concerned about your stoploss, if you are scalping. This is why it is important to monitor all of your trades...discretionary or automated.

You are following tachyonv's strategy precisely with 5 minute charts and everything???
Posted - 03/26/2012 20:27:06    
Tachy, Quark, Hook, Split, TD, et el...

Ok gang, finally had the time over the weekend after my initial posts on Page 1 last month to study all 19 pages of this awesome topic that Tachy has so generously shared with us. Again, Tachy, a grateful thank you!

As I set up the workspaces as specified on Page 1 and again by Quark on Page 19, there are a few issues that could use some clarification, please, as my "per spec" Scan Results are way off the mark compared with most of the current symbols being discussed herein.

1) The per spec Scan based only on Close and Volume snags approx 850-890 symbols. Looks Ok.

2) Price Range: However, when Tachy stated, "Find equities having >= $2.00 intraday EMA (exponential moving average price range) over past 21-34 [34=Default] trading days," since there are a few different various POV's on that, what is the exact EMA indicator or code-base that is being used for this Price Range filter? In using my ATR filter and trying kevinkdog's code posted 02/14/2012 13:03:50 where XAverage was employed, most all selected symbols with a daily value >= $2.00 had TS Beta's greater than .8, "riskier" than Tachy suggests, yielding 19 symbols: ALXN, CLF, CLR, DECK, GMCR, JOY, LULU, NBL, NOV, SHLD, SINA, SM, SOHU, UA, ULTA, WHR, WLT, WPRT, XEC. It also seemed like Hook was using his own filter as well. Please, what filter (code) should be employed here?

2) Average Daily Volume: This seems best filtered by an indicator. Are you all using EMA or SMA for this? The common length used with various client projects has been 90 bars/days back. Is that what ya'll are using as well?

3) Beta: Since that seems not to have a "standard" calc, are there any strong opinions against simplifying things just by using the TS Beta value instead of looking it up on Yahoo Finance?

While I totally support Tachy's "learn how to fish philosophy," I'm still trying to find the correct saw to cut the hole in the blasted ice in order to drop the bait into the water to catch some of these $0.52 winners. Fair?

In advance, your helpful replies would be sincerely appreciated. Thanks so much.
Posted - 03/26/2012 22:29:20    
StratMan, et al:

I believe TS beta is on a different scale, and using beta in the scan eliminates some great ETN and ETF symbols, I'm befuddled why this keeps getting overlooked. It does take a few minutes to manually check a short list of symbols, but being old school and having had to do so much more by hand in the past it isn't so bad. It's always interesting to see what new comes up though GMCR,NFLX,REGN,ALXN and PRGO are low beta value symbols... others like DECK show beat as .95(Yahoo) vs. 1.50(TS); CRR 1.09 (Yahoo) vs. .81(TS).

Still hoping for some insight on my post just above a few seeking clarity on indicators and what refinement over the 19 pages might be summed up in a Cliff notes form...

I've used a similar manual detection methodology (And GOSH it is a lot of work to do it that way! But when you find a candidate it is valuable for a little while), one difference being plotting Fibonacci retr. on recent price action based on, and depending upon its current direction I have found produces some extremely valuable insight regarding levels that help identify reversal points, and if 'cleared' wonderful signals confirming higher profit opportunities intra-day.
 
Posted - 03/27/2012 00:06:56    
This was posted by KevinKDog on page 2. It uses a EMA for intraday range for a length of 34 per post 1 on page 1.

AvgRange:

 



On Beta, Tach has said use Yahoo. If you use TS Beta, be sure to check the "Ignore this scan criterion for symbols that do not have a valid value" such as ETFs.
Posted - 03/27/2012 05:18:49    
Thought I had better recap on the method and start from the beginning.

The scan.

With the settings as described by tachyonv I only get 88 stocks returned from a symbol list of 7492, but tachyonv states there should be about 950 candidates returned at this stage.



I set the close to 1day ago because if I use 'close' I only get c.30 stocks returned. This maybe something to do with being in UK and running the scan while the markets are closed but Im sure for this part closing price yesterday is good enough.

This is using the KevinDog price range indicator which uses an EMA 34 calculation. I wonder what tachyonv used for this part as there doesnt appear to be an average price range selection available in the standard TS scan. There is a Price range but only for 1,2... days ago

Any ideas why I'm not getting all the candidates?

 
Posted - 03/27/2012 08:33:03    
Thanks hook.
Split, using 800k vol, 34 days, NO BETA YET, etc... SCANNER using 7,941 symbols after apply server filters nets 1006 symbols for me today, resulting in 53 candidates for transfer to Radar vetting. 31 of these show as possible to Trade and, Ultimately, Yahoo beta rating reduces these to:
ALXN-b=0.26
PRGO-b=0.32
NFLX-b=0.46
GMCR-b=0.65
REGN-b=0.68
-----------
DECK-b=0.95
OPEN-b=0.97
CRR -b=1.09
NBL -b=1.22
VMW -b=1.26
(just listing beta values over the cutoff as a reference)
A.
Posted - 03/27/2012 09:07:56    
Set up:

- Find equities having >= $2.00 intraday EMA (exponential moving average price range) over past 34 trading days; last closing price between about $30 to $125 per share; beta <= 0.7; average daily volume > 800,000 shares. Put these into a RadarScreen table with whatever columns of data you wish.

First scan with TS scanner to find up to about 950 candidates with above parameters excluding the beta.

Then copy and paste those symbols into Tradable Symbols indicator (loaded into RadarScreen) to further filter those candidate symbols.



So when tachyonv states "First scan with TS scanner to find up to about 950 candidates with above parameters excluding the beta." does he mean before the server filter is applied ?
Posted - 03/27/2012 10:24:38    
tachyonv
did you have entered NFLX on/after the 1005 bar today (1006 EDT), I would have ( with a tighter/smaller stoploss)...if I traded equities and this strategy.

My decision would have been based on candlestick and how %R functions during an uptrend...channel was obscured/significantly altered by the large 940 bar.


edit 1040: or would wait to enter on this current pull back. What do you do with such a large 940 EDT bar (2.20)?

Do you bypass this symbol and trade a different symbol, etc.?
Posted - 03/27/2012 11:41:27    
tachyonv

If you didn't enter NFLX on about 1006 EDT....did/would you have entered on/after either the 1100 bar or 1120 bar (5 minute bar chart)??? The KC are still "obscured" because of very large 940 EDT bar.

I personally would have "thrown out"/not utilized the KC because of the 940 bar. How important are the KC in this strategy, how exactly do you use the channels in the timing of entries? I would use the KC if the bars are typical in range, but not when an "extreme" bar occurs....is this completely wrong with your strategy???


Or do you change the configuration (ATR) of the KC to take into account an extreme bar???


edit: 1235 EDT
Posted - 03/27/2012 12:42:12    
Had to be patient today

ALXN @ 10:56(EDT) out at 12:40 + .52 longest trade for me using this method.

 
Posted - 03/27/2012 14:57:39    
It appears that the resulting symbols that can be traded per Tachyonv rules, are only a few as they have been mentioned many times here. I have tried several of them. The key to success was of course the entry point. I have some losers and winners, still learning.
Posted - 03/27/2012 16:14:44    
Pacer

Please include your entry and exit times/symbol when you report your trades on this thread. This is tachyonv's thread and he is hoping people report their trades so everyone can learn this strategy...and include your time zone of your charts. I personally don't trade this strategy but have been following this thread. I scalp on the futures market, using a tape reading strategy. tachyonv always has a time and sales window open, which I believe he uses to "fine tune" his entry and exit techniques...tape reading, to get his % > 93-96%, if I am not mistaken.

thanks
Posted - 03/27/2012 16:22:54    
tachyonv

In my previous posts on this page re: KC I was using the TS KC....I downloaded your indicator....cool.....significantly much better...thankyou for sharing.

tachyonv

if you have a chance it might be helpful to some forum members how you manage a trade if you get in "too early".
what do you do if the trade immediately turns against you....is there a general rule or is your action dependent upon each individual symbol/instrument?
if you get in too early and get stopped out...do you ever take the trade a second time on the next pivot/signal the same day?

Posted - 03/27/2012 16:51:44    
Pacer

What would have happened if you had used a 1.00 stoploss on HUM?
Posted - 03/27/2012 17:51:25    
I sincerely hope that everyone using tachyonv's strategy posts their results including timezone, symbol, entry and exit times. tachyonv stated on the original page he was expecting people to succeed...and anticipated positive results.

I am disappointed that only a few people have posted their trades. tachyonv wanted to teach people something and it appears that only split, yitana, Hook and a few others are participating...I am sincerely sorry if I did not mention other names but I won't review all of the pages to make this post...politically incorrect...so to speak.

how can tachyonv teach anything, if no one posts their real time trading.

 
Posted - 03/27/2012 20:54:22    
Ainigma, thanks for the comments on Beta. As for the Cliff Notes version, I'm following Tachy's and Quark's Trading Rule outlines contained herein with the only deviation of using the TS Beta value.

Regarding Beta, as shown in the image below, it is not an active filter in the Scan. Rather, it is set to display whereupon after the scan completes, all symbols with Beta's less than .8 are manually copied-n-pasted into Tachy's "Tradable Symbols" RS indicator, which seems to work just fine.


Hook, appreciate your feedback and have the Beta filter covered as noted right above. Regarding KevinKDog's code on Page 2, yes, that is the code I'm using except I revised it from his original version with "Average" to employing "XAverage."

 
{Intraday Volatility Method. Target $500 profit.
https://community.tradestation.com/Discussions/Topic.aspx?Topic_ID=117838

"Tachy_EMA_APR"
Based On:
"KJD AvgRange" Filter: Code by KevinKDog
StratMan revised with XAverage per Tachy's spec}

[SameTickOpt=True];
[LegacyColorValue=True];
inputs:
Length(34);

variables:
AvgRange1( 0 );

Value1 = High-Low;

AvgRange1=XAverage(value1,length);
{AvgRange1=Average(value1,length);}

Plot1( AvgRange1, "AvgRange1" ) ;


Note: Did use the "code box," but it screwed up the horizontal scroll!!!

Split, thanks for the comments on your Scanner settings. Here are the ones I'm using as shown below. Assuming the Scanner filters process the data in a top-down manner, I always try to use the server filters first unless an ELD filter will have a greater effect on reducing the symbol data. Then again, if the Scanner does not process top-down, forget that idea. As for the symbols, only the NAZ and DJIA currently are being used as I learn this method with equities first before venturing into ETFs/ETNs.

Regarding your question: "So when tachyonv states 'First scan with TS scanner to find up to about 950 candidates with above parameters excluding the beta.' Does he mean before the server filter is applied?" Based on observing how the Scanner operates with both server and EL filters, it appears that we cannot control what is used first unless we create two different Scans; Server and then EL that runs off of the results from the Server Scan. If wrong, I'm sure someone will correct me.

Based on my Scan Criteria as shown in the image below, each scan is yielding approx 700-900 symbols depending on the Price Range and minimum Volume used. After selecting only the Beta < .8 symbols, about 150-200 or so symbols remain that are copied into the RS. From there, I delete all non-Tradable symbols and then zero-in on the symbols with the highest APR per Tachy's Tradable Symbols indicator. In the end, there are about 20-30 candidates of which I plan to trade the top 5-10 APR symbols.

Below the Scanner Criteria image, you'll find two images showing ALL "Tradable" symbols followed by a third image showing the top symbols with APR > 1.0.

Again, thank you for your replies.

 
DATA/20120327202620StratMan_TSF-TopicID=117838_TachyVolatilityScalper_ScanCriteria_20120327.jpg

DATA/20120327202636StratMan_TSF-TopicID=117838_TachyVolatilityScalper_RS-Symbols_01_20120327.jpg
DATA/20120327202646StratMan_TSF-TopicID=117838_TachyVolatilityScalper_RS-Symbols_02_20120327.jpg

DATA/20120327202701StratMan_TSF-TopicID=117838_TachyVolatilityScalper_RS-Symbols_03_20120327.jpg
Posted - 03/27/2012 21:37:37    
How in the world do you learn how to "read the tape?"
Posted - 03/27/2012 21:44:49    
quote:
Originally posted by quark

I sincerely hope that everyone using tachyonv's strategy posts their results including timezone, symbol, entry and exit times. tachyonv stated on the original page he was expecting people to succeed...and anticipated positive results.

how can tachyonv teach anything, if no one posts their real time trading?
That seems reasonable, Quark. Me? I'm just now finding some time to study all this and build my Desktops/Workspaces as Tachy suggested with the goal of SimTrading this in the days ahead... In between client EL projects.

Question: Since I'm not at all clear on how to select the early morning High (to go short) or Low (to go long), are you saying our entry and exit times would help us with that task?
Posted - 03/27/2012 22:09:16    
FYI - for comparison, this is what i get using Stockfetcher:

AGQ b=n/a
OPEN b=.42
KORS b=.06
NFLX b=.62
TNA b=n/a
LNKD b=.21
GOLD b=.40
TQQQ b=n/a
ALXN b=.53
PRGO b=.67
QLD b=n/a

Appears Stockfetcher BETA calcs are different from Yahoo.

Split, Quark, theHook, TradingDude, Ainigma - i don't have much to post as i'm sim trading this but appreciate all the info and insights you all are posting.

Ainigma - interested in hearing more on the Fibs, i'm testing a pane with Fibs plotted from previous day Hi/Low.

 
quote:
Originally posted by Ainigma
Thanks hook.
Split, using 800k vol, 34 days, NO BETA YET, etc... SCANNER using 7,941 symbols after apply server filters nets 1006 symbols for me today, resulting in 53 candidates for transfer to Radar vetting. 31 of these show as possible to Trade and, Ultimately, Yahoo beta rating reduces these to:
ALXN-b=0.26
PRGO-b=0.32
NFLX-b=0.46
GMCR-b=0.65
REGN-b=0.68
-----------
DECK-b=0.95
OPEN-b=0.97
CRR -b=1.09
NBL -b=1.22
VMW -b=1.26
(just listing beta values over the cutoff as a reference)
A.
Posted - 03/27/2012 22:52:34    
quote:
Originally posted by quark
Pacer

What would have happened if you had used a 1.00 stoploss on HUM?


I used tight stop, if I had used 1 point, the trade could be a winner. However, I still think the key is when to enter. In my case for HUM, the better entry was around 10:45 AM CST. It needs a lot of patience.

 
Posted - 03/28/2012 04:30:58    
Anyone been in touch with tachyonv outside the forum, hows he doing ?

Hope he's OK. Wouldnt be surprised (or blame him) if he thought to hell with sitting in front of a computer screen, life's too short.
Posted - 03/28/2012 04:49:12    
Pacer123,

I agree, the key to this method is the entry. The exit rules are clearly explained on the first page and can easily be automated.

The entry is explained as 'entering on a low' and this is where the skill is required.

So far I havent really paid much attention to the T&S when entering, found it difficult see any patterns especially when trading multiple symbols as Im constantly switching from one workspace to the other. I think good entry's can be achieved watching price action and possibly knowledge of cycles.

My only trade yesterday on ALXN was based on an hourly cycle and worked well but not sure if it was just luck. It was certainly nice not to take any heat on the trade.


 
Posted - 03/28/2012 10:59:07    
tachyonv

I am now using your KC and I would not have entered a trade on NFLX until possibly this current bar ....if it closes above the lower KC line...none of the other green candlesticks have closed above the lower KC....the %R is "off" alittle because of being in a downtrend. 1100 EDT

I would have entered at 118.92 1101 EST
Posted - 03/28/2012 11:16:45    
At this point 119.30 I would move my stop to breakeven 118.95...to cover commission. 1115 EDT
Posted - 03/28/2012 11:18:37    
-1.00 on ALXN this morning.
Posted - 03/28/2012 11:19:57    
Hook

what were your entry/exit times?
Posted - 03/28/2012 11:27:22    
quote:
Originally posted by quark
Hook

what were your entry/exit times?


entered during the 10:25edt bar and stop exited during the big drop 10:55edt bar.
Posted - 03/28/2012 11:43:54    
NFLX +.52 entered 10:35edt bar exited 11:40edt bar
Posted - 03/28/2012 11:47:23    
Edit: Back To Coding...
Posted - 03/28/2012 11:59:00    
Hook

What did you base your entries upon for both ALNX and NFLX?
Posted - 03/28/2012 12:09:22    
quote:
Originally posted by quark
Hook

What did you base your entries upon for both ALNX and NFLX?


First green bar after the KJD Avg Low Time over the last 30 days -- I prefer it is "near" the lower keltner (just below or just above). I went a little early on NFLX and was regretting my entry but it recovered nicely.
Posted - 03/28/2012 12:14:14    
Hook

Interesting....by using that method what is your average win/loss %....over how much time 2-3 weeks???
Posted - 03/28/2012 12:32:56    
mtom

I am not certain what you mean "and a trend this should be #1"

tachyonv uses:

tachyonv's Keltner channels
Candlestick bars
% R
tachyonv volume indicator
time and sales window

to pick his entry and he has a winning% >= 90% with a win/stoploss ratio of 1:2...but he also points out you should not take a loss if your current position after entry is positive.

This is a countertrend scalping strategy...only on the buy side.
 
Posted - 03/28/2012 12:36:44    
quote:
Originally posted by quark
Hook

Interesting....by using that method what is your average win/loss %....over how much time 2-3 weeks???


I don't trade it everyday but since Tach started the thread maybe once or twice a week. I don't have that information on win and loss but I can tell you my net stock account is larger. Sorry for the lack of info.

I am still in "test" mode and only trade 200 shares and a few times only 100 shares.

I only pick 1 or 2 stocks to trade on any day and consider my risk low at this point using the +.52 on the up side and -1.00 on the down side. I don't try to manage my upside potential at this point because of being busy with other futures trading. I will come back after placing a trade every 10 minutes or so as other trading allows and may move the +.52 down some - no method here as it relates to Tach process just price movement.
 
Posted - 03/28/2012 12:45:00    
Hook

thanks....I was just curious about how effective the avg low point was. I don't trade this either since I only trade one instrument on the future's market. I traded a similar method in the last century...1990's that was 85-90% correct (both short and long entries)...never could break 90%. I do stuff differently now and use intraday cycles, no oscillators.

I would hope others would share their entry technique so the rest of us can learn.

thanks again for sharing



For those using avg low point please post your current stats....I am guessing 75-83% win/loss. If my guess is wrong no offense but if you are getting > 87% please post in detail your strategy of entry and stoploss management.


 
Posted - 03/28/2012 12:55:37    
tachyonv

Have you ever traded this strategy going short?

If not what problems did you/ do you see with using your strategy going short?

Did you ever play around with an adaptive %R? If so please don't tell us your secrets.
Posted - 03/28/2012 15:37:31    
split/yitana

how did you do today?? My intraday cycle told me to stop trading 2 hours ago...thus my multiple posts.

Tradred two today, Central Time, ALXN 8:51AM IN, 8:58AM OUT +.54. HUM 9:15AM IN, 11:35AM out (Stop out)-.20. For HUM, looked like the best entry was around 10:45AM, then it would get +.52 in a short time. HUM late run up, but after I have stopped out.

Posted - 03/28/2012 21:55:11    
Why is the SL set to a dollar value? It doesn't make sense specially if you are trading based on price movement. SL should be determined by the estimated place where support would be broken. Then depending where you entered your trade you will determine how many shares are needed to risk you $1000.00
Posted - 03/29/2012 09:29:30    
MAKO appears worthy of serious consideration IMHO & YF beta is 0.37. Had two DOWN days...
Posted - 03/29/2012 10:06:59    
quote:
Originally posted by benuchcale
Why is the SL set to a dollar value? It doesn't make sense specially if you are trading based on price movement. SL should be determined by the estimated place where support would be broken. Then depending where you entered your trade you will determine how many shares are needed to risk you $1000.00


I think as you, but is true i've made some goods trades because the $1 SL, and is true that on intradays trades a lot of people can have a 1-2 win/loss ratio.
Anyway the statistics will tell if one or other. Is difficult if you have 2 losses, you need 4 win trades to recover.
I took the decision to put an SL just a few pennies below the pivot (made when the price return), maybe the ratio will be 1-1, and in the future when i be more confortable with my entries and i can assure a 80% winning trades, i will go to $1 for the SL.
Posted - 03/29/2012 10:24:47    
DJ is down -60 ES is down -10.25
Posted - 03/29/2012 11:20:06    
GMCR in 10:52 47.56 out 11:08 48.09 +.53 (SIM)
used .25 trailing stop
Posted - 03/29/2012 11:23:02    
quote:
Originally posted by Ainigma
I had a link that went to page 19 the last couple days.... hadn't thought there were any more posts after stratman's that day, only figured out we were on pg 21 this a.m. when I posted a MAKO note (see above) then said doh! I have to get caught up now!

I Want to post a chart, can't figure out how you get an image in here... I HAVE A KILLER chart for MAKO, entry signal, exit signal, and want to post some Fib info too. How do you upload images here???????


Forum tour - #5 Images

https://community.tradestation.com/support/tour/inserting_images.shtm
Posted - 03/29/2012 14:38:03    
quote:
- For each symbol, set up one desktop containing Time and Sales window; 5 minute interval chart; daily interval chart; week interval chart; each with the default number of bars. Format bars to candlesticks. Add Keltner Channels All indicator to top pane of each chart. %R to middle pane. Volume Exponential Average indicator to bottom pane.



I don't know for certain but I think the daily/weekly charts are for other strategies...swing trades, etc.

Is your "rule" re: not entering a downtrend a "hard rule" or do you give that some flexibility? I personally would have entered a trade on NFLX on the 1225 EDT bar on the close. If I am wrong please tell me your idea, if you care to explain. Being a discretionary trader I believe all rules can be bent/broken, depending upon the market situation/conditions and most importantly the tape. To me I will willingly throw out/adapt visually the KC...% R if the tape shows me something different.

It's interesting that your first "indicator" listed on your workspace/desktop was the time and sales window...I agree 100%.

BTW I like how you have your stoploss set....I think it works extremely well for the volatility in the equities...especially when you are trading multiple instruments. I would probably do something different for the futures markets...it's obvious you spent quite some time deciding the "optimal" stoploss based upon the multiple instruments/symbols.
Posted - 03/29/2012 15:18:04    
Quark, since i'm intersting on building a rule for the SL, i would like to know BTW set his SL. ALso, i didn't use the Time &sales window, what do you expect to see exactly to determine an entry or not.
Posted - 03/29/2012 16:25:41    
DON'T REPLY TO THIS POST, start a new one.

Rate Of Change.

My computer is a P.O.S.
When it's fixed I'll re post the code in a code box.
If this is the wrong forum, I'll delete and move it.

Nothing special, just a little easier on the eyes.
Made it GapLess, and used a different calc for ROC than what TS is using.

I don't know how the $TICK responds to individual stocks.
Here I'm using it as a timing device.

Attachment:DATA/20120329162137mud.82.jpg 233168 bytes

tks TD for the repost!
Posted - 03/29/2012 16:32:01    
mud

I got a little confused....you use "daprice" and "deprice" what is the difference for the newbies as you know one is an input and one is a varible?


Can you start a new thread ???
Posted - 03/29/2012 16:35:58    
daPrice is vernacular specific to the Upper Peninsula of Michigan, brought over by the Finn's. :)
dePrice is French. :)

daPrice is an input: 1, 2, or 3
1 = {gapless close}
2 = {median price}
3 = {mudbutt close}

dePrice is a variable that represents the type of price you want to evaluate.
Posted - 03/29/2012 16:41:34    
mud

you are so funny..BTW (by the way) you were onto a great concept a couple of years ago...thanks I use it daily...mud has had wonderful concepts...read his threads and posts.
Posted - 03/29/2012 18:27:55    

Posted - 03/30/2012 08:36:39    
Ainigma

Out of respect for tachyonv's kind sharing and to remained focused on his ideas would you mind starting a new thread and move your posts here to that thread...No offense meant.
Thank you

ByTheWay I look forward to your teaching, as well. Just a suggestion please keep your topic under "Trade and Money Management" section.

I just caught my typo error when I read Tripk's post below....sorry Ainigma...edit at 930
Posted - 03/30/2012 09:27:39    
Looks very interesting and something new to me, so i look forward to learning and reviewing your ideas.
I'll look for your new thread per Quarks suggestion and follow you there.

TK

 
quote:
Originally posted by Ainigma
 
quote:
Originally posted by Ainigma
 
quote:
Originally posted by Tripk

Ainigma - interested in hearing more on the Fibs, i'm testing a pane with Fibs plotted from previous day Hi/Low.


Attachment:DATA/20120330082316Fib that drove a Mar 27 trade entry with exit at 61 pt 8 percent Fib level.jpg 176922 bytes
Attachment:DATA/20120330082331GMCR Recent Fib signal with Fib ratio MACD.jpg 169960 bytes

I passed on GMCR recently though noted this Fibonacci study regarding Mar 27. While the MAKO Fib was drawn 2 days back for a starting point, this symbol necessitated a start further back from an End of Day close that was higher than the price action since such a point could be found. Merrill 'M' patterns work especially well with this. Arthur Merrill, book 'Filtered Waves' has been a catalyst in my work. Much of this is culminating in developing a current options strategy that is being tested. NOTE THE rough Fibonacci ratios on this GMCR 250 Tick chart in contrast to the Fib rations used on the 5 Tick MAKO chart in my other recent post. Tick chart after the Gap MACD triggers an entry with Fib retracement driven exit which is at a higher retracement cycle than the MAKO as additional days were added to start the beginning of the Fib, thus a higher retracement 62.8 instead of the 38.2 was hit.
A.
 
Posted - 03/30/2012 19:50:16    
IDCC 35.05@1035E +0.36
OPEN 40.14@1030E +0.44
Posted - 04/05/2012 10:47:22    
split

did you get the NFLX trade at 940 edt @ 110.00?
Posted - 04/05/2012 12:01:59    
did not get a chance to look this morning until around 11 edt.

Got in NFLX on 11:05edt bar at 110.10 out 11:35edt bar at 110.62 +.52
Posted - 04/05/2012 12:11:46    
Hook

just curious...I was wondering how many people are actually trading this concept...has it affected the fills because I have noticed on NFLX the insidebid/ask is at times only 100-400 and I would think people trading 1000 share lots would have difficulty???

What are the bidsize/asksize on the other symbols that meet tachyonv's tradable stocks list?
Posted - 04/05/2012 12:17:58    
quote:
Originally posted by quark
Hook

just curious...I was wondering how many people are actually trading this concept...has it affected the fills because I have noticed on NFLX the insidebid/ask is at times only 100-400 and I would think people trading 1000 share lots would have difficulty???

What are the bidsize/asksize on the other symbols that meet tachyonv's tradable stocks list?
 


I have not had a fill problem but I am only trading 200 shares at the moment. Just have not paid any attention to the bid / ask to-date.

That said, you make a great point. Hopefully someone trading more shares can share.
Posted - 04/05/2012 13:23:43    
bwjr and others what size are you trading and have you had problems with fills.....these are the symbols mentioned on early pages by tachyonv and others?

Are you using market orders (how is the slippage) or limit orders for entry?

Are you taking the ask or hitting the bid hoping to get filled?



Posted - 04/05/2012 15:57:48    
amazing!

NFLX has a bidsize/asksize of 100/100 with a spread of .05....which is one of the higher volume symbols @ 2,600,000 today!

tachyonv how do you deal with this if you are trading 200-1000 shares/trade???

Hook was trading 200 shares/trade today but with a book of 100/100 what happens...

I don't trade equities....are there iceberg orders...or synthetic icebergs covering hidden liquidity???

Do you lower your target....what do you do with stoplosses?
Posted - 04/05/2012 16:43:40    
thanks...tachyonv

tachyonv...just curious..are there iceberg orders in stocks...like in futures?

And there is no problem getting fills of 1000 or if ten people trade a total of 10,000 shares getting filled at the ask price...correct?
Posted - 04/05/2012 17:13:06    
tachyonv

so if I understand... you basically take the ask on entry (limit order) and on exit you have a standing bracket at your target price.....now on exit do you simply wait for a fill or do you chase a retracement and take less of a profit...how low do you allow a retracement before bailing out?


From my perspective the only way you make money, scalping is on trade and money management....which has nothing to do with a strategy of entry.

Hello Quark. Firt, thank for your advice about the OSO.Yes, i have the telephone num of the TS's office and also i have an other computer, but lucky my internet use to work good.
Yesterday and today i didn't have good trades. Anyway i 'm still learning. i would like to capture the screen but for a problem on my computer i had to reset my system and my Snagit was lost. I need to find it again.
But i will tell you:
Yesterday i 've made similar trade than Split (not same but for minutes)
"ALXN @ 10:56(EDT) out at 12:40 + .52 longest trade for me using this method."
But i also have entried on REGN at 11:10 at $118.35 and the LowKC was $118.66, the price tried to reverse but was a fake, also the %R tried to cross but turned seconds after, and i was inside the trade. I should put an SL at the Low of a bar before at $117.92, but i didn't and after i found myself i can't set the rule to go out and i exit at $117.28.
Today something similar happen: i entried on NFLX at 10:05 at $119.80.I saw the price out of KC and reversing after with a green candle entering to the KC, the %R was crossing, the only thing didn't mach was the Time parameter that was early, but as i saw some traders and also Tachy that sometimes do this, i entried anyway, and again was a fake, i supported more than $1 losses because the price was still out of the KC and in a moment that the price recover a little i close the SL and let the trade finish at 11:30 $119.07.
I felt ansious, i didn't enjoy the trade, having 2 days in a row lossing.
I will tried to analize and learn from my mystakes. I know today the dow felt a lot but at the time i have entried it was still flat.
In my case i need to build more strong rules for the exit.
That's it!!! Sorry if my english is not very good.

Posted - 04/09/2012 13:35:25    
tachyonv

how much emphasis do you place on the %R since that can be "seen" by looking at the candlestick bars and the KC, beside the T & S window.
Posted - 04/09/2012 21:30:16    
quote:
Originally posted by tachyonv
Intraday Volatility Method (Discretionary). Target $500 profit per trade.

Set up:

- Find equities having >= $2.00 intraday EMA (exponential moving average price range) over past 34 trading days; last closing price between about $30 to $125 per share; beta <= 0.7; average daily volume > 800,000 shares. Put these into a RadarScreen table with whatever columns of data you wish.

First scan with TS scanner to find up to about 950 candidates with above parameters excluding the beta.

Then copy and paste those symbols into Tradable Symbols indicator (loaded into RadarScreen) to further filter those candidate symbols.

A link to this indicator is below.

Set Tradable Symbols indicator's APR_Recent Days input parameter to 34. Leave the other input settings at their defaults.

Sort (double click)on the APR_Recent Days input column to get in sequence of highest to lowest value.

Select those symbols having $2.00 or greater recent APR and which are not rejected due to other reasons (Reject message on left in red).

For each of the viable symbols, look up beta at Yahoo finance http://finance.yahoo.com and keep the symbols whose betas are about 0.7 or less.

Exceptions to beta parameter: ETFs and ETNs do not have betas. Use common logic/sense to select those which do not necessarily follow the markets closely. Do not use ETFs and ETNs which are in effect market indices. Among those which work well, as examples, are UCO, FAS, ERX which obviously do not always closely follow the markets. Those to avoid, as examples, include BGU, BGZ, DDM, MVV, MZZ, QLD, QID, SDS, SSO, TNA, TWM, TZA, UWM.

Symbols which pass these filters are viable for this method.

Tradable Symbols indicator will additoinally reject symbols which have had volume too low on too many days - in other words, with unreliable liquidity. Unaware of any other tool that can do this.

- For each symbol, set up one desktop containing Time and Sales window; 5 minute interval chart; daily interval chart; week interval chart; each with the default number of bars. Format bars to candlesticks. Add Keltner Channels All indicator to top pane of each chart. %R to middle pane. Volume Exponential Average indicator to bottom pane.

- Study, learn intraday cycles using the Excel spreadsheet at the link below. This spreadsheet is conceptual, no particular day matches it exactly and some days match it not at all. Be sure to set the spreadsheet's adjustment for your desired time zone.

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.

- Sell 1,000 shares after price has risen $0.52/share, the two pennies to cover commissions.

- Price will not necessarily bounce up that much. Exit regardless by 12:35 PM Central. Exception: on a moderate to strong bullish day, use a tight trailing stop, or visually monitor to exit, let it run to a larger profit. Do not let the price gain drop below $.52 on such a day. Once profitable do not let price drop into a loss.

- Does not matter much if markets are up, down or flat, providing entry is at a sufficiently low price. Providing you stick to symbols whose beta is <= 0.7. Exception: those exceedingly rare days when the markets start down at the open and continue down through 12:35 PM Central. Take the loss at 12:35 PM Central or before.

Advice:

- Emotions: do not get elated or discouraged during the trading day.

- This method works well a high percentage of the time but not 100%.

- Be patient. Be VERY patient when trading this.

- Often the lowest prices of the morning are between 9:30 AM and 10:30 AM Central. Study the history of each symbol to see if there is a recent repeated pattern of such lows. Often the highest price is at 12:35 PM Central followed by a decline. Sometimes, not infrequently, prices rise around 1:00 PM Central, a bit more often after 1:30 PM Central.

- Watch %R, Vol indicator, KC for visual clues, which with practice will become obvious and instinctive.

- Do not get greedy. Often you will leave $ hundreds, and rarely even $ thousands of profit behind. Train yourself to have no regrets. The objective is to gain up to $500/trade, slow and steady, day after trading day. Get greedy and like any method, inevitably there will be a large loss coming with your name on it, perhaps a long string of losses.

- This is a high win rate method with relatively low risk. If you are not achieving 80% to 93% win rate or if you are suffering a large loss once in a while, then you are probably not trading with sufficient self-discipline, and/or too impatiently and/or not paying enough attention to/understanding the indicators. Or gambling greedily by buying more than 1,000 shares per symbol per trade – which is poor risk/money/position sizing management.

- Judgment is required for entry and exit, watching the indicators and time. This is not a good candidate for automated trading. It appears to be simple enough to automate, but trade this manually for a month or so, and you will see why this is not such a good automation candidate.

- If something about the day, charts, etc., does not instinctively seem right, don't trade. It is perfectly fine to sit on the sidelines for a day, a week, a few weeks. I do it. A better trader, Larry Williams does it. Jesse Livermore once said that he made more money sitting in cash sometmes than when he was trading. It is GOOD to sit on the sidelines sometimes, not bad.

- Trader beware. There is more to this than what I have described. Easily learned by simply studying the charts and sufficient practice trading.

- Deviating from the above may result in otherwise easily avoided losses. Symbol selection is critical and DOES require use of RadarScreen and the Tradable Symbols indicator. The TS scanner is insufficient. Am unaware of any scanner on the Internet which can scan as well as RadarScreen and the Tradable Symbols indicator. Manually look up beta's on YHOO, does not take very long. TS beta values are on a different scale than those at YHOO. Including bata in a TS scan will exclude ETFs and ETNs, an undesirable effect.

Links:

https://community.tradestation.com/discussions/Topic.aspx?Topic_ID=36865

https://community.tradestation.com/discussions/Topic.aspx?Topic_ID=36820

https://community.tradestation.com/discussions/topic.aspx?topic_id=18787

https://community.tradestation.com/discussions/Topic.aspx?Topic_ID=36561

Addendum trade rules:

- One trade per symbol per day. Do NOT exit then get back in.
- OK to scale up entries, but not to more than 1000 shares per symbol. OK to scale down exits, although most of the time it is best to get out fast, especially if it is not at least a modestly strong or better bullish session.
- Once exiting has begun, continue until done. Do NOT add to a position once exiting has begun.
- Do NOT carry overnight and especially do NOT carry over a weekend. This is an intraday trading method, NOT a swing trading method.
Posted - 04/09/2012 21:38:33    
?s from another beginner.
In TS scanner I don't find a criteria for ">= $2.00 intraday EMA (exponential moving average price range) over past 34 trading days"

Also Setting up the TS scan I don't find the "KJD AvgRange" in the Scan Criteria

Tachyonv said" Then copy and paste those symbols into Tradable Symbols indicator (loaded into RadarScreen) to further filter those candidate symbols. " There are 4 links and I don't find this in any of them. Can you be more specific?

A link to this indicator is below. "Set Tradable Symbols indicator's APR_Recent Days input parameter to 34". Where is this?
 
Posted - 04/09/2012 22:57:58    
In TS scanner I don't find a criteria for ">= $2.00 intraday EMA (exponential moving average price range) over past 34 trading days"

I did not find that in the TS Scanner either, but I think that filter is in the Tradable Symbols indicator. Therefore, you can filter on that when you run Tradable Symbols in RadarScreen.
***************

Also Setting up the TS scan I don't find the "KJD AvgRange" in the Scan Criteria

I do not know what the "KJD AvgRange" is either.
*****************
Tachyonv said" Then copy and paste those symbols into Tradable Symbols indicator (loaded into RadarScreen) to further filter those candidate symbols. " There are 4 links and I don't find this in any of them. Can you be more specific?

It is the fourth link in your quote above:
https://community.tradestation.com/discussions/Topic.aspx?Topic_ID=36561
***********************
A link to this indicator is below. "Set Tradable Symbols indicator's APR_Recent Days input parameter to 34". Where is this?

With Tradable Symbols open in RadarScreen, Right Click in the window.
Left Click Format 'Tradable Symbols' for All Symbols in the drop down menu
Left Click the Inputs Tab
Find the APR_Recent Days Name in the list of Inputs
Change the Value to 34
*****************

This is from another beginner with RadarScreen and with replying in the forum, so I hope this helped.

Richardb

And I see that I am pretty slow.
Posted - 04/10/2012 00:00:11    
quote:
Originally posted by richardb
In TS scanner I don't find a criteria for ">= $2.00 intraday EMA (exponential moving average price range) over past 34 trading days"

I did not find that in the TS Scanner either, but I think that filter is in the Tradable Symbols indicator. Therefore, you can filter on that when you run Tradable Symbols in RadarScreen.
***************

Also Setting up the TS scan I don't find the "KJD AvgRange" in the Scan Criteria

I do not know what the "KJD AvgRange" is either.
*****************
Tachyonv said" Then copy and paste those symbols into Tradable Symbols indicator (loaded into RadarScreen) to further filter those candidate symbols. " There are 4 links and I don't find this in any of them. Can you be more specific?

It is the fourth link in your quote above:
https://community.tradestation.com/discussions/Topic.aspx?Topic_ID=36561
***********************
A link to this indicator is below. "Set Tradable Symbols indicator's APR_Recent Days input parameter to 34". Where is this?

With Tradable Symbols open in RadarScreen, Right Click in the window.
Left Click Format 'Tradable Symbols' for All Symbols in the drop down menu
Left Click the Inputs Tab
Find the APR_Recent Days Name in the list of Inputs
Change the Value to 34
*****************

This is from another beginner with RadarScreen and with replying in the forum, so I hope this helped.

Richardb

And I see that I am pretty slow.

 


AvgRange:

 

Posted - 04/10/2012 10:40:00    
split, Hook

did you just get into NFLX...somewhere around 105.72?
Posted - 04/10/2012 10:52:34    
tachyonv

do you any fundamental stock specific data to determine if to trade a specific stock....earnings data, etc. earnings report day?
Posted - 04/10/2012 11:00:26    
high 106.33 max.risk .03
Posted - 04/10/2012 11:26:36    
quote:
Originally posted by quark
split, Hook

did you just get into NFLX...somewhere around 105.72?

 


Been too busy -- no trades today.
Posted - 04/10/2012 11:41:29    
tachyonv

I am about to show my stupidity re: trading stocks since I only trade futures now (I did trade stocks for a time back in the 90's). I am trying to learn something new. I can understand using a stock with a beta < .7 if the general trend of the market is down and the DOW is > -50 but I would have thought if the general trend of the market (DOW/SP500) is up (from the settlement yesterday and general trend for the last 2-4 days) to use a stock with a beta of > 1.2-1.3???

Could you explain once again your logic to beta selected stocks under all the market conditions?

I would select stocks that trade > 1.5-2.0 million shares/day, daily range > 2.00 with prices between $50-150.00 and then select the beta stocks depending upon whether the market trend is up or down....assuming to take only long trades.

Have you experimented strategies to short stocks?

How do you use %R....do you only use crossing above the 20% or do you vary that level?

Do you use other beta values for other types of strategies, if so what types...swing, longterm,etc?

thanks again for everything
Posted - 04/10/2012 20:55:21    
Interesting that another future only trader interested in Stocks.

Quark, to me, the interesting thing is the whole selection of stock thing.......since we really can't do that with futures per se nothwithstanding different future markets might have different volatilities at times hence you coud go to X market.

But the stocks gives you a factor to N possibilties it would seem that when put in a switching pool might yield much diversity of risk/reared.

However, harder to short than futures, harder to get in/out per your post which might be true, and of course the amount of capital required per N leans much more to the futures players for leverage, having been a futures only trader for a very long time.

Tach............and the real entrigue is that you actually might play with the grandkids while in a trade ( nothing I do in futures) is real interesting. I mean you suggeest to just put your order in and wait for a while? If I am not filled in N bars, price movement (filter for N) or time...I would just go about nuts........well, actually scratch the trade.

Interesting to me the different perspectives of stocks/futures traders.............

Just curious Quark, is the filtering process of N stocks for possible play what has your attention here or you trying to automate this process or something else?

Pap
Posted - 04/11/2012 10:06:38    
pap pap

I too am interested in the selection of specific stocks vs the type of strategy (long/short positions vs market trend) I am also interested how tachyonv uses his oscillator, since I scalp the futures without using any oscillators, or moving averages. I am also interested how he handles extreme bars and what he considers a large/significant gap and how he handles those, as well.

quark
Posted - 04/13/2012 13:05:02    
I noticed that on a lot of stocks that would have been a good day for tach's system even
though the Dow was below his mimimums.


 
Posted - 04/16/2012 16:24:40    
I got around to trading the Tach Method today:

PRGO 10:47 103.78 +.52 ~2:15
PANL 10:47 35.27 +.52 ~ 1:45
Posted - 04/17/2012 17:08:30    
Hook, tachyonv, yitana, split,bwjr and everyone else

Both pap pap and myself are futures traders hoping to learn something from you equity traders specifically about stock selection and beta.

We know that beta is not just volatility but also how the stock correlates to the indexes....thus my question in the last 2 pages about which stocks to use this strategy....I re-read tachyonv's original answer which seemed a little bit cryptic to me, probably because of my ignorance on the subject....We are just hoping a further discussion will occur...thanks.

I am also hoping for a discussion of oscillators (%R)....There are many ways to use an oscillator including buying when the oscillator crosses above 20 or 30......but also only buy when it crosses above 50 and even theories, concepts when to buy ONLY when it crosses above 70-85.....

This might be a nice thread how to use the %R in relationship to tachyonv's system...perhaps not on the other hand tachyonv please state your perferences about that discussion....I certainly do not want to side track this thread away from your original intentions.

quark

 
Posted - 04/18/2012 11:03:15    
quark, I scalp eminis for a living -- so I'm not much help.
Posted - 04/23/2012 09:25:10    
tachyonv

how often will you take a trade in "pre-market" hours? I know you wouldn't take any trades today since the DOW is -133 at this time.
Posted - 04/23/2012 11:22:09    
tachyonv

I understand why you only trade this from the long side after studying this system. Since Nov 11, 2011 there have been about 35 days when the Dow opened < -50 or was < -50 by 1030 EST/EDT and thus you would not have traded those days using this strategy.(approx 30% of the time)
Posted - 05/02/2012 16:27:01    
split y yitana

are you still trading....how are you doing??? How are other people doing with tachyonv's concept???
Posted - 05/02/2012 23:26:11    
quote:
Originally posted by tachyonv
Too ill, going through painful medical tests, cannot respond for a while. Sorry.
tach, I'm really sorry to hear you are feeling ill. I wish you all the best and a fast recovery!
Posted - 05/03/2012 07:19:39    
Prayers for healing for you, tach.

steve
 
Posted - 05/05/2012 17:09:14    
First time here and want to wish you all the best Tach. My prayers are with you.
Posted - 05/07/2012 14:46:31    
quote:
Originally posted by tachyonv
Too ill, going through painful medical tests, cannot respond for a while. Sorry.
Hi Vince, I haven't been spending much time on the Forum and just came across this thread. I didn't realize you have been and are currently ill. We'll certainly keep you in our thoughts and prayers.

I also have to say that you have the patience of a saint! While I didn't make it through all the pages of this thread, I can see that despite your generous and continuing contribution, you are still having to lead people by the hand. The most important part of trading is knowing the extent of our own limitations. That is what will sink us, not the system we trade. I find it hard to believe any subscriber who doesn't take the time to read the entire thread and digest your posts (before asking the very questions you previously answered) is likely to become a successful trader!

My best,
Mark
Posted - 05/10/2012 12:50:13    
Tach,
Very generous of you. Hope you get well soon.
 
I hope he is ok.......
 
Posted - 06/17/2012 07:24:19    
Thanks for checking in Tach... best to you...
 
Posted - 06/18/2012 02:41:26    
thanks for the insight tachyonv, get well, Hook
 
Posted - 06/20/2012 04:44:14    
Great to hear from you Tach, keep well.
 
Posted - 06/25/2012 20:47:29    
tachyonv,
Marvellous system,I have read the 23 posts and will do so again.
I sincerely hope your health is coming good.
Good luck.
 
Posted - 06/26/2012 06:42:16    
What a fantastic thread and a hugely generous man (tachynov) to share it. He appreciates that none of us can take what we have in this world to the next so why not share? Such a kind spirited man to do this too, and then follow up with detailed assistance to all who have applied the techniques.

I have only just come across it (while looking for something totally different) and feel blessed. Now the hard part starts, seeing how my time can be managed to implement this.

With regard to the thing I was looking for (!!), would anyone know how one can set up a reliable means of getting TS systems to email or alert for any system or ELS (non-TS) one might be using. Every time I have done this it wants to alert me to loads of changes. I use range bars and want it to tell me when an extreme move has happened on a particualr range bar. Ideally email me to say as not sure how to follow on here - this is my first serious look through the forum. oliver.dowding@sheptonfarms.com
Thanks if anyone does!
 
Posted - 07/08/2012 20:04:06    
First and foremost, thank you for your generosity, patience and kindness that you have shown in this thread.

I just found it and have pasted in my results into the radarscreen with your indicator. For the most part it works great. But I get a lot of symbols that turn up a small red "E" or a yellow "I". Any idea why that would happen? Thank you
 
Posted - 11/05/2012 00:05:41    
I know that tach said that he didn't think you could automate his system but, was wondering if anyone has attempted to do so? If it is in this thread, I must of missed it.

At any rate, I have uploaded my feeble attempt. I would hope that this would serve as a start to get the ball rolling.
Thanks in advance to any contributors.

BTW, tach hasn't posted since July, any word on how he his doing? Tach?

Red

 

 
Posted - 11/05/2012 02:31:37    
Red, Thread about Tach's health:

https://community.tradestation.com/Discussions/Topic.aspx?Topic_ID=120500&PAGE=5

 
 
Posted - 11/05/2012 10:31:14    
theHook, thx.

Red
 
Posted - 11/13/2012 17:19:03    
A paper that backs tachyonv 2:15 major reversal time.

The research in question was just published by Prof. Pauline Shum and her collaborators at York University.

Here is the simplest version of the strategy: if a stock market index has experienced a return >= 2% since the previous day's close up to the current time at 2:15pm ET, then buy this index (via its futures, ETFs, or stock components) right away, and exit at the close with a market-on-close order. Vice versa if the return is <= -2%. The annualized average return from June 2006 to July 2011 was found to be higher than 100%.

Now this strategy is actually quite well-known among institutional traders, although this is the first time I see the backtest results published.

The reason why it works is also quite well-known: it has to do with the fact that every leveraged ETF need to rebalance at the market close in order to keep its leverage constant (at x2 or x3, depending on the fund). If the market index goes up, the fund needs to buy the component stocks; otherwise, it needs to sell stocks. If there is major market movement (with absolute return >= 2%) since the previous close, then the amount of stocks that need to be bought or sold will be correspondingly larger, resulting in momentum in all those stocks near the close. This strategy aims to front-run this rebalancing to take advantage of the anticipated momentum.


 



QUANTITATIVE TRADING
http://epchan.blogspot.nl/

Intraday Share Price Volatility and Leveraged ETF Rebalancing
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2161057

Intraday Trading Cycles, Excell Spreadsheet
tachyonv
https://community.tradestation.com/discussions/topic.aspx?topic_id=18787



 
 
Posted - 11/28/2012 14:02:31    
quote:
Originally posted by tachyonv
Today would have been great day to be trading this method.

Vince, you are a market addict :) Great to see you posting !
 
Posted - 12/11/2012 12:46:27    
simulated trade today on NFLX. Bot 500@85.36 approx. 11:41 EST. Sold 500@85.76 approx. 11:46 EST. $0.40 gain.

I have been studying this thread lately and thanks to other members filling in the blanks for me I think I understand the concept of what to look for on the buy (although I botched it early on today and forgot that this is a long entry strategy and not to short). The price was channeling in the lower Keltner Channel and I decided to go ahead and buy because the Dow was up over 100 points at the time and I though that with narrowing Keltner Channels it was only a matter of time to see the breakout to the upside (thanks Vince for sending the Keltner presentation this spring!). I got nervous though, and lowered my profit target to .40 just before the pop. Funny, I seem to remember you saying something about patience :)

NFLX is around 86.72 now at 12:41 EST, but your instructions also mentioned that we would be leaving money on the table at times. Tomorrow I will try to stick with the plan a little better.

Hope you are feeling well today. Thanks again for sharing your work. I will post results again tomorrow. Good luck to everyone.
 
Posted - 12/12/2012 22:23:45    
Today traded NFLX again with simulated trades.
Bot @ 9:58 ET for 86.59
Sold @ 10:01 for 86.97
Still working on the 'patience' part of this method :)

Had I read the headlines at the beginning of the day I could have ascertained that 1.) the stock was likely to go up and not down for the day and 2.) that the price movement would likely have some momentum. Am amazed at how well the %R predicts price movement if it crosses rapidly from "overbought" to "oversold" territory and vice versa. Also decided to make some short trades later in the day and made some (simulated) money on the decline (not part of the Intraday Volatility Method). Still trying to figure out how to benefit from the Time and Sales information. Will spend some more time on that tomorrow. Putting today in the (simulated) 'win' column again for the Tachyonv method.

Based on the 'Time of Day' spreadsheet, am expecting a morning selloff and possible major reversal to the upside around 11:00-11:15 for this stock and hopefully another opportunity to use the Intraday Volatility Method (simulated) at that time.

Best wishes to all.

 
 
Posted - 12/13/2012 19:42:45    
Didn't trade today because I was helping a friend get set up with TradeStation. Looked like NFLX 11:00 reversal happened about 11:33 and wasn't huge, but was just good enough for 'possible' .52 gain today. Market mostly neutral until after 12pm.

Will try some additional symbols tomorrow.
 
Posted - 12/28/2012 12:25:49    
quote:
Originally posted by mudbutt
A paper that backs tachyonv 2:15 major reversal time.

The research in question was just published by Prof. Pauline Shum and her collaborators at York University.

Here is the simplest version of the strategy: if a stock market index has experienced a return >= 2% since the previous day's close up to the current time at 2:15pm ET, then buy this index (via its futures, ETFs, or stock components) right away, and exit at the close with a market-on-close order. Vice versa if the return is <= -2%. The annualized average return from June 2006 to July 2011 was found to be higher than 100%.

Now this strategy is actually quite well-known among institutional traders, although this is the first time I see the backtest results published.

The reason why it works is also quite well-known: it has to do with the fact that every leveraged ETF need to rebalance at the market close in order to keep its leverage constant (at x2 or x3, depending on the fund). If the market index goes up, the fund needs to buy the component stocks; otherwise, it needs to sell stocks. If there is major market movement (with absolute return >= 2%) since the previous close, then the amount of stocks that need to be bought or sold will be correspondingly larger, resulting in momentum in all those stocks near the close. This strategy aims to front-run this rebalancing to take advantage of the anticipated momentum.


 



QUANTITATIVE TRADING
http://epchan.blogspot.nl/

Intraday Share Price Volatility and Leveraged ETF Rebalancing
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2161057

Intraday Trading Cycles, Excell Spreadsheet
tachyonv
https://community.tradestation.com/discussions/topic.aspx?topic_id=18787



 



While the concept is interesting, the 2% condition doesn't happen very often. For instance, for SPY in the past 12 months, the condition was only met 4 days with an average profit before commission and slippage of $0.18/day for a ~$130/trade. Hard to make a living from that.

Al
 
 
Posted - 01/01/2013 17:49:42    
Hi,
I was checking to see who has recently generated a symbol list according to the parameters given by Tach on pg 1? I had about 18 symbols after the scanner then about 8 that passed the TradeableSymbols indicator and only 2 that met the Yahoo beta < .7, those 2 were NFLX, ALXN.

I attached a pic w/comments as to what I was seeing at the time of the ALXN trade.

Attachment:DATA/201301011723332012-12-31_ALXN.png 89008 bytes

I noticed this similar setup in several other of the pics posted in this thread when price gaps below the lower KC band. The trade is taken upon a breach of the %R crossing 20 along with a general neutral or up moving DOW30.

Has anyone taken a short setup if so can you explain what the overall setup was you saw or a pic (worth a 1000 words)?

Thanks,
Rob
 
Posted - 01/04/2013 14:00:03    
tachyonv,

Can you please give me a step by step instructions on how to do this stock search? I understand your criteria, but I am unable to put it all together. I have never used RadarScreen or screener in TS. I would greatly appreciate if you can help me with this. I have inserted your indicators in my platform, I just need further instructions on how to impliment this stock search. Thank you so much for your patients.

Regards,
Jim
 
Posted - 01/04/2013 14:25:15    
Ok done. I have downloaded your tradable symbol indicator. I have learned how to use RadarScreen.
 
Posted - 01/04/2013 14:44:00    
Eager Beaver :)
 
Posted - 01/04/2013 15:33:06    
Tachynov,

Can you please explain how I put in the following criteria, "Find equities having >= $2.00 intraday EMA (exponential moving average price range) over past 34 trading days;"? This is the one im having trouble with. How would I do this please? Thank you in advance.

Regards,
Jim
 
Posted - 01/04/2013 17:50:36    
Tachynov,

All the symbols that I put in RadarScreen from scanner have a small red E next to it. When I go to see this message it says "interval must be day". How do I correct this error? It must be something I am doing wrong. Any help would be appreciated.

Thanks,
Jim
 
Posted - 01/04/2013 18:04:15    
Even when I load your indicator in RadarScreen, every single stock symbol reads "all symbols must be set to day interval". Any idea why this problem is accuring?
 
Posted - 01/04/2013 19:17:48    
Tachynov,

I just now went through all the previous threads. Goes back a few years. First of all, I hope your health is better and god bless you. I have seen too many people beat that and live long prosperous lives. I know that you will do the same. It is so kind of you to share this strategy with all of us. I am kind of a newbee to TS, but am learning on the fly. I will try to piece everything together and get it to scan correctly. I feel as though I am so close. Enjoy your family and again, may god bless you and yours!

Regards,
Jim
 
Posted - 01/04/2013 19:28:31    
Does anyone know how to change the interval value in RadarScreen? Mine is set to 5 min. I need it to be at day. Thank you in advance.
Posted - 01/05/2013 00:17:14    
Thank you TMAN1959. I finally got it to run the way it was intended to do. I only got 7 stocks that met the criteria. I will have to backtest these symbols over the weekend. Cheers!

Jim
Posted - 01/07/2013 22:57:26    
Did anyone see any trade setups today using the tachyonv method? I did not with the 8 symbols im watching.
Posted - 01/07/2013 23:31:28    
OPEN at 10:00 ET
RRC at 10:00 ET
ALXN at 10:00 ET (this one would qualify for the 30% that do not achieve the full .52 gain)
NFLX from market open until 10:00 ET

All of these symbols worked using this method today. Haven't checked the Tradable Symbols filter results lately to see if these symbols are still valid.

Keep studying this thread (I still do) and remember this from Tachyonv (paraphrased and taken out of context, sorry):


 
quote:
tachyonv: Does not have to get to lower KC for entry. I also look at support, resistance, %R, candlesticks, time of day, intraday cycles. Entry time is flexible. Including pre-market.
Posted - 01/08/2013 06:52:02    
Tach, great to hear that you are recovering and optimistic about getting back to trading.

Good luck!
Posted - 01/13/2013 01:23:06    
How is one to know when to exit the trade if price does'nt hit target? This is based on what? Kernel Channels, MA, S/R?
Posted - 01/13/2013 01:27:18    
"Intraday Volatility Method. Target $500 profit." ?
Posted - 01/13/2013 09:25:51    
quote:
Originally posted by nabusafa
How is one to know when to exit the trade if price does'nt hit target? This is based on what? Kernel Channels, MA, S/R?


Read first post:

 
quote:
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.

- Sell 1,000 shares after price has risen $0.52/share, the two pennies to cover commissions.

- Price will not necessarily bounce up that much. Exit regardless by 12:35 PM Central. Exception: on a moderate to strong bullish day, use a tight trailing stop, or visually monitor to exit, let it run to a larger profit. Do not let the price gain drop below $.52 on such a day. Once profitable do not let price drop into a loss.
 


 
quote:
- Judgment is required for entry and exit, watching the indicators and time
Posted - 01/14/2013 12:14:34    
Here is a little indicator that i made that can help ...

Attachment:DATA/20130114121623GT_ATTIME_IND.ELD 12179 bytes


It is a simple indicator that shows when the distribution of the high / low of a price series for the day. It either graphs the distribution or cumulative probability. I did this a while ago after reading some book that talked about trading the probabilities that a high or low is in place for the day. The problem with this approach is that you don't know if it is a high or low that has been put in. It became useful and tradable for me when I began to filter the proabilities by the days patterns and seasonality(similar to what tachyonv is referring to).

Distribution


Cumulative


 
Posted - 01/25/2013 20:54:59    
quote:
Originally posted by tachyonv
Oops, changed my miswording above to vertical bands, instead of horizontal. However, Grumpytrader's indicator is of definite interest and a good start, if from an oblique side, to the concept of using time as more important data than price and volume.

Human behavior is driven by time, to a surprisingly large degree, if one thinks about it. When we wake, when we eat, when we sleep, when we relax or play. And in many other ways. Human behavior drives the markets mostly. Time drives human behavior, including program trading tools used by large institutions.

Therefore, an entire class of undeveloped tool opportunities awaits - time based trade analysis, a whole different class of technical analysis. The intraday cycles spreadsheet is a good starting point towards developing these tools.


Fantastic Thread.

Cool indicator above...

I've been studying time a fair bit messing and tried to come up with a way to figure what bar intervals could trade the current bar. Then... Align volume to time to see if there was a relationship. The two indicators below might be helpful, I haven't figured what to make of the outputs and how to make profitable trade decisions off of them, but they might make sense to you.



The blue line is volume standardized over the last 30 minutes, a histogram of volume below it is present in the screenshot to show how standardized volume relates to absolute values. I opened up a programming book to try to figure out a better way to sort values than the way I used in the second indicator...

I can't say that it has helped me to see much about time frames and how they relate to price movement, other than blow my assumptions out of the water that volume enters at specified times, because of the time scale other traders are using to study their charts and place their orders.

 




Attachment:DATA/20130125203442Bar Times.png 34711 bytes


This is an indicator that does a cumulative minute by minute study of volume, over the length of your chart. It is a brute force method, and only generates a printlog on the lastbar of the chart that is comma separated so you can copy it into excel and manipulate the values. The list at the bottom that is in green is just so if you want to build something else, you don't have to do nearly as much typing to get the ball rolling, Arrays for this purpose were slow as watching grass grow if you want to go back years. It is set up that 9:31 is minute 1 and 1600 is minute 390... which makes it easier to translate into session times for other purposes than eastern standard. The output is Accumulated Volume of that Minute, over the length of the chart Divided by 1000.

 



 
Posted - 01/31/2013 14:21:31    
A whole lot of coding Zach.

Great job Vince. You're on fire. Most hedge funds would call your January a great year!
Posted - 02/01/2013 15:32:03    

Nice trading Vince.

Wondering how you calculate your %? - what is the accepted standard measurement of % return?

Total account size?
Margin required?
Market cost of the asset?
Other?

Thanks.
Posted - 02/05/2013 23:32:33    
wtg!
Posted - 02/14/2013 14:49:34    
Great job Vince!

What pleases me the most is that you are healthy again and back on the board. We all greatly appreciate your contributions and willingness to share with others. All the best.
Posted - 02/15/2013 14:30:17    
Thanks for the info Tach.

Hook
Posted - 02/15/2013 16:39:48    
quote:
Originally posted by tachyonv

Caveat: A recent (for me) fly in the ointment is "The Motley Fool". Majority of its articles are negative. Tends to drive an individual equity symbol down for one to several days, in recent months. Tends to make its negative comments self fulfilling prophecies. Good idea to check premarket on Yahoo! for each symbol, to see if the "Fool" has just assassinated any symbols you intend to trade - whether with this method or any other.
 


... Wish Tradestation had the ability to bring in news feeds... and use those assassination attempts as entries if the fundamentals are still strong.

Grin.

Zach
Posted - 02/18/2013 18:25:06    
Tach:
In that post you referenced High Beta stocks list....
Either I missed it or can't find it....what is that high beta setting?

Thanks
Posted - 02/21/2013 17:18:02    
Thank you all for your great input and of course my hats off to Tachyonv for starting this thread.

Is there any code to test theHook's "Attacking/Coming to price" methods?

 
quote:
Originally posted by theHook
This may be off subject a bit and tach if you wish for me to remove the post just say the word and I will.

When reveiwing the k channel on several of the stocks indicated by this method this weekend, I noticed if the price was "attacking" the channel in a lot of cases this would be a good trade. If the channel came to the price, then it was better to wait for an enter. We had an example of each of these, this morning.

Now - disclaimer, listen to tach, not me. He knows a lot more about this trading method than me. Do your own analysis. I need to study this more.

Price Attacking the Channel:



Channel Coming to Price:


 
Posted - 02/21/2013 18:56:55    
Hi traderts123,
I havent see any code for that idea. The lower KC band though will always move towards falling prices. Though once price bars become bullish they will per se "attack" the lower band. I think if you have an opening gap down and a price rally you will see a similar type of movement.

One of the more trickier aspects of the strategy is discerning which %R signals will yield a profitable trade. As seen in my own trading and using theHooks 2nd pic there were 2 %R crosses of the lower 20 boundary along w/a bullish price candle at the lower KC band that would have been stopped out assuming you are using the LOD for a stop. Deciding which of the setups are valid is a key point.
R
Posted - 02/21/2013 19:12:26    
quote:
Originally posted by traderts123
Thank you all for your great input and of course my hats off to Tachyonv for starting this thread.

Is there any code to test theHook's "Attacking/Coming to price" methods?


It is tachyonv's method. He has posted his Keltner Channels and volume indicators. There is no "Attacking/Coming to price" indicator, other than tachyonv's indicators.

 
Posted - 02/21/2013 20:17:54    
That is correct tachyonv great method is kc and vol indicator. However precise entry could be enhanced. And even more perhaps a breakout could be added with code for "attack / coming to price".
Posted - 02/21/2013 20:32:35    
quote:
Originally posted by traderts123
That is correct tachyonv great method is kc and vol indicator. However precise entry could be enhanced. And even more perhaps a breakout could be added with code for "attack / coming to price".


What do you suggest for precise entry and a breakout?

Your contribution on specific enhancements would be appreciated.

 
Posted - 02/21/2013 21:18:41    
If we can define in code an "attack" pattern as a condition for entry vs "coming to price" as a condition for follow thru as a breakout entry
Posted - 02/22/2013 12:42:35    
Here are 2 more trades I made a little while ago in SHW and JOY. Imo, I think patience in waiting to see some SPY strength is key to a good entry and helps with the overall success of this strategy. An obstacle I have run into is getting fixated in trying to obtain a .52 target on each trade. There are alot of variables working against a fixed target like the stock's current day volatility (even though it is somewhat accounted for in the screening process), the spread, prior resistance levels, continued market strength after entry. Along with the "dont let a winner turn into a loser", i.e. if you are up .26+ cents and it falls back to your entry do you exit or ride it out?

Tach as is mentioned several times in this thread exits prior to a .52 target and he has posted like 25 different exit strategies. So imo, trying to consistently make one of them probably will reduce the effectiveness of the strategy. I would like to hear from other users of the strategy and any trades you want to share.

Rob
Attachment:DATA/2013022212412320130222_SHW.png 72511 bytes
Attachment:DATA/2013022212413920130222_JOY.png 73452 bytes
 
Posted - 02/22/2013 16:07:44    
Hi all, new to TS and the forum. Really interested in trying this setup, but the only range idicator I can find is ATR which I know includes gaps. Where can a newb find a good avgrange indicator for TS?

Thanks for all the hard work Tach and others.

-Tom

Place your cursor over the symbol column, right click, click on "Format All Symbols." The next window that opens will allow you to set the whole column to whichever timeframe you chose.

Posted - 02/25/2013 13:49:37    
Took 2 trades today both positive. Once again the market gapped up so 90% of all the candidate stocks were above the upper KC band. The SPY was soft so it filled the Friday gap and continued lower. Around noon stocks were setting up but SPY was still falling so I passed on these (LULU, WYNN). At 12:10 SPY was setup so I just took it using SPXL. My 1st time to trade SPXL and I quickly realized I dont like .05-.10 gaps on a 1min chart when the target is .52.

I am putting together a RadarScreen indicator to alert for potential setups the way I interpret Tach's strategy. It is mainly so I dont have to continually flip between 30+ charts every 3-5minutes trying to remember which symbol is almost setup being in conjunction with the markets moving up.

Attachment:DATA/201302251346382013-02-25_LULU.png 55965 bytes
Attachment:DATA/201302251346472013-02-25_WYNN.png 55084 bytes
Attachment:DATA/201302251346582013-02-25_SPY.png 55740 bytes
Attachment:DATA/201302251347072013-02-25_SPXL.png 56871 bytes
 
Posted - 02/26/2013 13:15:16    
quote:
Originally posted by tachyonv

Not many in these TS forums share their results, but am sure that there are others who do better, some a lot better. But, at least these returns are something to shoot for and exceed...please note that these returns could easily be double, if I had only traded better.


Tach,
Do you ever use SVXY or VXX as sentiment indicators?
I've found SVXY is very good at showing the level of market confidence, and significantly increases trade accuracy.
Plus, it can be traded as well.
Posted - 02/26/2013 15:01:36    
Tach,
I thought you expressed the desire to trade better - just sharing a way.

There's more than one way to get through town, and if we can improve even 1%, we need to be open to that.

So on the stocks side of trading I have found the VIX to be very helpful to that end.
You're already watching a number of stocks, replace one with SVXY.

But I'll start another thread that illustrates this, so as not divert from the good information you have shared here - which is much appreciated.

 
Posted - 02/26/2013 22:31:25    
quote:
Originally posted by tachyonv
Profits are what matter.
Agreed. So if adding information as per the above increases profits, why not add it?
Posted - 02/27/2013 13:41:13    

Tach,
Need some earplugs - I can hear your whisper.
Posted - 02/27/2013 14:16:11    
I obviously mean no disrespect, but I'm not sure you're being fair to David here. I find it to be the height of hubris that Larry omits the possibility that given the same tools someone might actually do better than he would.

This isn't exactly the proverbial room full of random people off the street. Can we at least agree that none of us has a monopoly on extracting the maximum profit from any given idea and that maybe, just maybe, one of the many extremely competent and accomplished folks floating around in here might have something of value to add?

By way of example, suppose a person had developed an algorithm that allows them to capture an extra 10 mills per share on entry and/or exit. Would adding that to the idea presented in this thread ruin its profitability or enhance it?
Posted - 02/27/2013 14:31:12    
I have systems, that show VERY different results in live trading when adding some "harmless" filters that should enhance its profitability. I share tachys concerns about this.
Posted - 02/27/2013 16:30:09    
quote:
Originally posted by tachyonv
+1, Honza and TY for the comment that may help some others.
 


Glad to "help". My observations are just such that I believe anybody trying to improve this kind of strategy will end at the beginning... Just as I did in some of my strategies that were based on time or specific price action. Tried many filters to avoid worst trades or enhance entry points etc. After all effort I realized that original is best :)

Does not mean it's impossible to improve, whatever works is fine. I just think this is not good target for playing around and making it "better" ...

BTW thanks for this thread and hope your health is improving or at least not getting worse.
Posted - 02/27/2013 20:46:46    
Tach,

I think you're being overly touchy. SVXY was just a suggestion.
There's more than one way to skin a cat, and the day we can't be open to ideas and improvement is the day we should quit.

I read and ponder your ideas two-three times looking to glean some overlooked principle to improve my own trading method - as I'm not about to jump into somebody else's shoes.
People have different perspectives. I personally don't like KC- moved to static lines years ago.

But I understand the principle of what you are doing very well, and why it works.
Collaboration of ideas is a powerful principle. Your sharing these ideas has been very helpful for me - sorry I can't help you a little in return.

But I thank you again very much for taking the time to share.
Posted - 02/28/2013 14:37:02    
Just follow Tachy's plan...stop tinkering and start executing...cha-ching. Thanks Tachy Attachment:DATA/20130228143553CMI.png 38631 bytes
 
Posted - 02/28/2013 14:54:52    
Looks Great. Did you mechanize it as a strategy?

 
quote:
Originally posted by Cammotrader
Just follow Tachy's plan...stop tinkering and start executing...cha-ching. Thanks Tachy Attachment:DATA/20130228143553CMI.png 38631 bytes
 
Posted - 02/28/2013 15:06:12    
quote:
Originally posted by traderts123
Looks Great. Did you mechanize it as a strategy?

 
quote:
Originally posted by Cammotrader
Just follow Tachy's plan...stop tinkering and start executing...cha-ching. Thanks Tachy Attachment:DATA/20130228143553CMI.png 38631 bytes
 




No...just followed the plan
Posted - 02/28/2013 15:10:42    
Cammotrader: which indicators are you using in the pic?
Posted - 02/28/2013 15:26:36    
@traderts123: Please go back and read the thread...its not really about the indicators. They more or less give you confirmation, but you do not need them. Tachy has provided all the info you need buried in this thread. Go through it carefully. All the best...
Posted - 02/28/2013 17:37:39    
OK, on the topic.

Tachyonv, would you please post the charts with your order executions on it.
I know you do not lie, but you should post those charts whenever you post your trading results.
This is because I never seen you post any chart with your order executions.
Anybody can claim bogus numbers as his/her P/L without any supporting evidence, it is easy to say numbers but it is hard and time consuming to fabricate charts. So why not post charts?

 
Posted - 02/28/2013 20:04:45    
I would guess dowhk's behavior is a result of the 1.5 years of user comments (justified or not) in his "Today's... Performance" thread and other postings. A retired frustrated scientist feeling ridiculed with little to no trading luck and unable to find a successful trading strategy out of the 72 running everyday. Even though this describes about 99% of the people who are highly educated and get into trading minus the 72 strategies. We all have to deal with the uncertainties and ambiguities of trading myself included.

Dowhk, it sounds like you have at least given a cursory glance at Tach's strategy. So you know he has posted a few times there is more to the strategy than a few indicators crossing, i.e. "Trader beware. There is more to this than what I have described...", "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. ...".

While I dont understand the use of Time cycles well enough to keep my stop losses small. I did take 3 more trades using what I have learned 2 profitable and 1 b/e bringing my live trades to 6-0-1 for a week. This after some sim trading with an accuracy over 80%. I am not taking anywhere near all the possible setups mainly because with the market correlation several setups will occur simultaneously and I try to pick only 1-2 at a time.

Here are those last trades showing entry and exits.




Attachment:DATA/201302281958182013-02-27_RGLD.png 66102 bytes
Attachment:DATA/201302281958292013-02-27_TDC.png 63795 bytes
Attachment:DATA/201302281959042013-02-28_RGLD.png 69759 bytes
 
Posted - 03/03/2013 21:33:40    
This is my first night reading all of tachyonv's posts, or trying to read, on his methods, his indicators and the wonderful help he has freely give to fellow traders. A lot to absorb, and I just wanted to commend him for generously giving of his time and knowledge over the years. I clearly have some homework ahead of me, several years worth it looks like! Just want to say thanks to him!
Posted - 03/07/2013 12:55:38    
Hi Split Do you have the strategy coded as a System?

 
quote:
Originally posted by split
Same here, in SIM for now.

Looking forward to trading this live next week.


Posted - 03/07/2013 13:01:23    
Great Job! It would be nice if the indicator would also calculate the AVG High of day per time segment.
ex: calc High & Low from 9:30 till 12 and from 1:30 till close.


 
quote:
Originally posted by ant___
Here's a slight add-on to Kevin's KJDTimeAvgLow indicator - it now plots the earliest and the latest low times that occurred during the indicator's lookback period along with the original avg low time.
Here's the code (you may want to rename it to prevent overwriting the original):

 


....and a screenshot:

Attachment:DATA/20120221000440JW Screen 160.jpg 11011 bytes
 
Posted - 03/07/2013 14:08:44    
True Tach about the market. Which symbol(s) were you able to get to work out well today?

I have been working on a way to help me with monitoring the 30+ candidates by alerting me to "potential" setups via radarScreen but it has caused me to over trade the past 2 days, i.e I lost alittle money. So I am trying to tweak it.

I made 3 trades today: 2 in WYNN, 1 in SSO. Due to nerves for lack of a better word exited the 1st WYNN trade on a brief pullback and a lack of confidence in the market. Very little was moving up at the time though the WYNN setup looked good. I reentered WYNN based upon similar circumstances, w/the same entry price as earlier and saw it turn into a very profitable trade. Uggh yes, I realize the note about not reentering the same symbol twice...

I also am sitting in a SSO trade using it as a proxy for UPRO, SPXL due to their spread and liquidity, and I adjusted my targets accordingly.

I will post charts later today.
Rob
Posted - 03/07/2013 14:38:50    
I would also like to thank Vince for the great posts and I wish you the best of health and I'm glad to see that corrective action was taken by TS to remove the annoying posts. Like lks, I'm attempting to study and learn from Vince's contributions and go from there. Good trading everyone,

Christopher


 
quote:
Originally posted by tachyonv
UR welcome, Lks.

Thanks to an exec at TS and the forum administrator, this thread was purged of a certain individual's completely unrelated stuff.

Today was an odd day...only a few symbols worked out well for this method. Maybe the snow in the East? Or does it portend some end to the recent move up into record DOW30 territory? Interesting thread at https://community.tradestation.com/Discussions/Topic.aspx?Topic_ID=125943&Reply_ID=658893
by Albruno. Regardless, definitely time to be careful, especially if holding overnight.
Posted - 03/07/2013 22:45:48    
quote:
Originally posted by tachyonv

Thanks to an exec at TS and the forum administrator, this thread was purged of a certain individual's completely unrelated stuff.
Good for you, Tachy. This is an awesome topic and should stay on point.

Again, many thanks for your contribution!
Posted - 03/13/2013 13:10:02    
Hi Vince,
Can you share when you entered in the CERN and TDC trades? CERN seems to have traded in a tight narrow channel most of the day. Any help is appreciated.
Thanks,
Rob
Posted - 03/14/2013 11:59:48    
Is this correct = the rules for the risk/reward for this model or strategy is 1:1? Your reward is $.52 with a stop of $.52?

Thanks,
Mike
Disregard, I just built one. Thanks.

-------
 
quote:
Originally posted by Tgsts
Hi all, new to TS and the forum. Really interested in trying this setup, but the only range idicator I can find is ATR which I know includes gaps. Where can a newb find a good avgrange indicator for TS?

Thanks for all the hard work Tach and others.

-Tom
Posted - 03/14/2013 18:58:17    
tachyonv,

Traders have different routines as to what time they start looking at the markets. I know of some traders that
Start looking at the markets at about five min. after the markets open and you have said that sometimes you enter
a trade in the premarket. Do you have a daily routine as to when you start looking at the market?
 
Posted - 03/14/2013 22:27:20    
tachyonv,

Thanks for your response, I see that your an early riser like me!
Posted - 03/14/2013 23:41:17    
Thanks for your response. I understand that this method is based on time cycles and I understand that you exit at 12:30 unless the profit target hit. However in the initial post that started this thread you mentioned that you will not let it draw down more than $.52. So I would assume by that you will exit earlier than 1230 if that happens. That is why I asked the initial question wanting to confirm that you will risk up to $.52 to make $.52 - but you said that wasn't the case in answer to my risk/reward question - What would make you exit early if you needed to?
Posted - 03/15/2013 08:10:32    
A $0.52 move on a $30 stock is very different from a $0.52 move on a $125 stock.
Posted - 03/15/2013 17:48:56    
Tach: thank you for sharing this trading wisdom.

I have spent that last few days going through the entire thread and making notes. Sixty separate points.

This is exactly what I am looking for. A really boring way to pull a few hundred out of the market every day. Hell, $50 bucks would be heaven.

All this to say, thank you. I will strive to be a worthy student.

==
With healing, visualize the health you wish to manifest. - Thomas Warren Campbell (Physicist)

 
Posted - 03/15/2013 18:25:51    
Have you ever looked at something less rigid like 0.75% instead of the magical $0.52 absolute figure?
Posted - 03/16/2013 01:18:27    
My .20 (10 x .02) for those starting out with a caveat I trade a very conservative version of this strategy. I took a few more successful trades this week, only traded 3 days, fishing the other days. Here are a few things I look for or am trying to do (after generating a candidate list):
1) Track the recent 1-2 week intra-day volatility when selecting a candidate stock,

2) The current bid/ask spread and liquidity, keep these in mind when selecting your stop loss and targets. Be sure to use targets (if scaling out) that are slightly under resistance levels and dont forget how the bid/ask spread will affect your targets. A lot of these stocks, especially early in the day may have .06-.15 bid/ask spreads which is significant when u are potentially looking at a .50 move either way.

3) Initially only follow a few stocks or ETFs. Use daily charts so you know where the prior support/resistance levels are before entering a trade. Dont get caught trying to achieve a target beyond a daily chart resistance or pivot levels. For sure there will be days when all the stocks/etfs you are not following are doing just great but you chose a dog kennel that day. Try to learn how you can improve and don’t try to make your 1st million this month.

4) One of the most important things I feel is looking for trading candidates with a 2-5d high beta to the SPY. This is something you should know prior to the market open. Like recently DECK and KSU are strong candidates along w/FAS while trying to trade BIDU and SINA you would feel like your swimming upstream. If I am not comfortable w/any one but I like the SPY setup then I trade UPRO or SSO. Don’t be the guy who says he traded SINA off the bottom instead be the guy who says I got a lot of errands done today after my KansasCitySouthern trade hit its target in less than an hour.

5) Look to enter a trade when you see intraday strength in the SPY (indices) like after a pullback/consolidation on the 5minute chart. I personally now only enter a candidate trade when I see a 5minute bullish SPY bar and I feel SPY has built a support area near by. If SPY falls thru this then I am out of the trade no matter where the stock is at. I personally do not trade until I see strength in the indices. It doesn’t matter if a stock is up 5% for the day if the SPY is falling over, I wait.

6) I wouldnt get hung up on the .52 target, there are alot of obstacles along the way of hitting that target. Tach has mentioned about a dozen times he will exit his positions prior to this depending on the market. I have found scaling out of a position when it approaches a intraday resistance level or the daily high a safe way to have a consistently high win/loss ratio. I typically will let the last 1/3-1/4 run. Are you looking for a target which is a weekly, or 52week high? or is it below the intraday high? It is true you will not be hitting $500 everyday listening to me.

7) Dont chase an entry. You should always be monitoring the current overall market pattern on the 5min, 15min and daily charts looking for signs of strength. Then have a few candidates stocks that are stronger than the market at this time on this day, all of this prior to taking an entry. You should be sizing up where your stops will be, how many shares you would buy and your $$ loss. I have this setup in RadarScreen for all the stocks so I know my share size as soon as an alert goes off. If you are distracted, cant make up your mind, or scrambling around and realize the markets are taking off without you JUST let them go. Honestly just like at the craps table they will be back around for your money don’t be in a hurry to give it away. I currently am only trading 200-500 shares just depends on where the stop loss is. Don’t make impulsive trading decisions.

8) Dont try to make a killing using this method just because there are 20+ candidate stocks to choose from and seriously dont over trade. Start w/a comfortable share/risk size in which you could see all open positions hitting your stop loss price points simultaneously. With the stock market correlations you may find 10 stock setups firing off all at the same instance.

9) There is nothing wrong w/trading this method via the simulator until you are comfortable recognizing the trading setups and checking your W/L ratio. If you are patient waiting for a setup and patient letting a trade develop I think you will have a very high success rate. I use to try to scalp $AAPL for .50-1.00 moves on 150t charts so for me I am taking a 3-4 minute break after every 5min bar waiting for a setup.

10) Once I am in a position, my 1st target is out there and my stop alerts are set I then try to make myself get up and walk away or focus on something else. Don’t babysit the trade, you have already committed to losing a predetermined $$ amount. If that makes you nervous then you are trading to large. I will go back every 5-10minutes to see if I want to adjust any target or alert and I will monitor the indices, play some with the new kitten or the new rescue dog waiting for an alert. You may find having patience to let a trade develop the hardest thing to do. If so it is probably because you have taken too many losses in the past or you are trading w/money you really have not committed to losing. This will make you twitchy or jumpy.

Finally as you get more proficient with the strategy (I am not there) and understanding the different stock's time cycles I think you could take on more risk by having multiple positions open concurrently and/or by taking on more size. If you read thru this thread carefully you know Tach was trading a variation of this idea back in the 90s so thinking you can jump in and be as successful as he is may be naive. I think even if you are a veteran of 100 trading years just take your time and ramp up and don’t try to skip to the “I make millions” chapter by the end of week 1. It is not complicated to execute but does take patience. Everything above I have gone thru not once but multiple times and experienced using this method. Hopefully it will save you a few $$ along the way.

Rob
 
Posted - 03/28/2013 10:19:21    
Hi Tach,
Can you give me your thoughts on whether you would have traded LULU today or more specifically entered at 10:30? I took the trade and exited a few minutes ago w/a small profit. I was wondering if maybe the daily chart would have kept you away from this one? I liked the support level at 61.88-.82 from the daily chart was a big reason I chose this one.
Though watching the markets breaking out to new highs today and with LULU price stagnant for more than 30minutes I let it go.
Thanks,
Rob
Posted - 03/28/2013 11:59:03    
Good to know. About 10 minutes after I exited LULU breaks out and would have hit the .52 target. My concern was since LULU didnt participate in the up move it would have caved in when(if) the markets pulled back so I exited. The markets stayed up long enough for the LULU wary buyers to jump in and move it to 62.60. Though I would have passed on LULU if my VMW order would have gotten filled at 9:00CST. I was about 3-5seconds too slow placing the VMW order.

I considered the SINA trade at 9:30CST, my alert triggered. I am liking the SINA, BIDU daily charts so will have them at the top of the watch list for a few days.

Looking at the CERN 5 minute chart I dont know enough yet to enter that one. Though looking back, the 9:10 CST bar (93.15) then using yesterdays high (92.85) for support would have been a reasonably safe/smart play.

Thanks for the notes,
Rob
 
Posted - 04/09/2013 14:23:37    
BIDU 500 shares long at 10:02am EDST at $84.15
BIDU 500 shares sold at 01:37pm EDST at $84.55
Up $200 minus commissions (using the simulator)

Playing around in the simulator for a few days. I had to stop using my trusted old rules and just relax with yours. Today is the first day, I was able to let go and just follow the rules and methods as defined in the first message in this thread.

Also noteworthy, while in the trade, I learned a lesson about picking a few better stocks out of the list (the list produced by following tachyonv's rules and process exactly as written).

Had a rough go at the long duration of red during the beginning of the trade, but decided to go with the rules. I did do a lot of reflecting on the weekly, daily, and hourly analysis, Motley Fools, etc on BIDU. Should have known better. Still feels good knowing "I" learned something in the process. I walked away from the screen several times during the trade and was pleasantly surprised how well this system worked for me today and how well it worked for all of the other better choices I didn’t choose today!!!

Thanks Tachyonv for sharing. This process is amazing! I’ve been following you for a long time, but always ignored this thread thinking it was a gimmick. I’ve been looking for a way to stay in the market and not be so restricted to the computer. This method works and is very forgiving as long as one keeps the key points in mind.

Also, as I read the thread, I was amused at the way you politely guided people to read, understand, and appreciate what was being offered before 1) questioning what should have been obvious in your description and 2) trying to complicate an absolutely wonderful process “as it was given”.

Hoping and praying that you are continuing to remain healthy and have plenty of time left to enjoy those grandkids growing up. I am turning 65 in May and am having to deal with my own health issues, too, but life is good and I enjoy every day. ..No grandkids yet, still hopeful. On my health, I should have been a statistic by now (twice), if it had not been for the quality of medicine we have had here in the good old USA.

Again, thanks for all your posts.
Rod

 
Posted - 04/09/2013 14:31:27    
FYI, ....BIDU took off after I closed out at 1:35pm EDST, ...no regrets
Posted - 04/10/2013 08:05:48    
tach, I am glad you shared and glad you are still with us.
Posted - 04/13/2013 09:02:38    
quote:
Originally posted by tachyonv
No gimmicks, have nothing to sell, Gandharva.

And having others trade this method doesn't help my trading, in fact sometimes am competing with others using this method, for entry and exit fills.

Simply a gift shared with all, at a point when I was pretty sure that I was going to die.

Thanks for sharing your experience, please continue to share.


glad you are still kicking tach... now, finish that book! :) (but make sure to spend as much time as you can with the grand kids...)
Posted - 04/27/2013 08:52:30    
Here's a equity that could work with this system

UNXL
yahoo beta -1.11
highly volatile for the price
 
Posted - 05/14/2013 11:19:08    
Hey Vince:
I picked up $2.68-net (after comm.) per share on a Tachy-Trade this morning on TSLA.

Thanks again for the code and methodology.

I know it's been tough for you with the cancer business and I hope you stick around. You have many supporters and much good will here on TS.
Posted - 05/14/2013 11:53:25    
I guess I'd better say goodbye here since TS censored your other thread.

Best wishes in your health and trading. Hopefully I'll run into you in some other forum - if you don't change your mind and stay.

 
Posted - 05/14/2013 14:49:19    
I hope List Mom can appreciate the value of threads like this and resist the Delete key.
Posted - 05/30/2013 12:06:06    
Have seen some good setups recently. Yesterday I found myself jumping in early and got stopped out both times then later was patient and got a good trade that turned yesterday into a b/e day. Today waited for a setup and was rewarded with the target being reached. Attached is where I entered based on the SPY setup and my exits (trading UPRO). Still leaving alot on the table it seems.
Attachment:DATA/20130530120533SPY_5min.png 52151 bytes
Attachment:DATA/20130530120541UPRO_1min1.png 41817 bytes
 
Posted - 05/30/2013 17:41:39    
Mushin, I looked at ur UPRO screen shot and see crazy spreads (possible sick slippage).

Whether you have a futures account or not, you might benefit from paying for the data feed to compare the emini @ES

with what you are working with :)

And why