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<< Does anyone have comments on strategies for placing stops? >>
Consider using a multiple of ATR over a 14-day measuring period or a Chandelier stop.
Consider using a multiple of ATR over a 14-day measuring period or a Chandelier stop.
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I use ATR for stops and position sizing. It has been my experience when an ATR14X2 moves against you normally you don’t want to be long that stock. But of coarse it works when it works and doesn’t when it doesn’t. Theory is to size portfolio off volatility.Comment
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BXC hurt today on a downgrade. Again, this is just a posting of what a screen of mine is turning up, and the "target price" is just the point at which it would no longer qualify for the screen. If I was actually putting money into this thing I'd be using stops for sure (and would probably not be in AKS, GT, or now BXC). Maybe sometime this week I'll add a stop criteria to the screen and make it more like a model port kind of thing.
Added PERY to the list this morning.
Buy Low
Sell High
STAY FROSTY!Comment
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Take a look at the following stocks whose BB width is squeezed:
SLM: http://stockcharts.com/h-sc/ui?s=SLM...d=p09550439541
GNW: http://stockcharts.com/h-sc/ui?s=GNW...d=p09550439541
EC: http://stockcharts.com/h-sc/ui?s=EC&...d=p09550439541 Although I think this one has a buyout offer on it.
KSE: http://stockcharts.com/h-sc/ui?s=KSE...d=p09550439541 Oops, HAD a nice squeeze, but already broke out today.
IPG: Looking ripe for a breakout.
CAG: http://stockcharts.com/h-sc/ui?s=CAG...d=p09550439541
ITT breakout may have already begun
SUNW also squeezing nicely
I might pick one of these to stalk for the POTW next week.Buy Low
Sell High
STAY FROSTY!Comment
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CPWR has also gotten extremely tight
IGT
Buy Low
Sell High
STAY FROSTY!Comment
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Buy Low
Sell High
STAY FROSTY!Comment
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I've been thinking about an article I read here:
And have decided to make up a screen for something similar.
I was thinking of taking a pretty sizeable list, like the S&P 500 or something, and doing the following for each stock:
1.Calculate the typical price (so I can base the indicator off of this instead of close)
2. Calculate the bollinger bands (20 period SMA, bands 2 standard deviations above and below line.)
3. Calculate the bandwith as a % of the middle band (Upper-lower)/middle
4. Calculate a 30 period SMA of the bandwidth and ignore all those above the SMA. And count the number of days its been under the SMA ( the longer the better)
5. The "Squeeze" criteria: Find stocks where today's bandwidth is less than 80% of the 3 day bandwidth average and whose bandwidth has been under the 30 period sma at least 15 days (to eliminate stocks just settling in after a big move).
6. Find stocks who met the squeeze criteria yesterday, but not today. Indicating that they have started to make a move.
7. Stock must have positive Chankin Money Flow and I'll use either Parabolic SAR or a touch of the lower bollinger band as a stop.
Any thoughts?Buy Low
Sell High
STAY FROSTY!Comment
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The problem is that I get my historical data from Yahoo Finance, and they usually don't update until late at night.Buy Low
Sell High
STAY FROSTY!Comment
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<< Any thoughts? >>
I think Bollinger discusses a similar technique in his seminars (although he doesn't reference Chaiken or SAR).Comment
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The Chankin Money Flow requirement is just to help a quick and dirty guess as to which direction it will break out. The SAR is just to cover your butt.Buy Low
Sell High
STAY FROSTY!Comment
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I'm not familiar with the Chankin Money Flow indicator. Are you referring to the Chaikin Oscillator? Or Chankin Volatility indicator?Originally posted by scifosComment
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Stocks from above screen:
ACTL in @ 14.90 Stop 14.03
CAPA in @ 4.10 Stop 3.80
DYN in @ 5.31 Stop 5.15
I'll be out of town (again!) next week. If you want to keep an eye on these, the stops are Parabolic SAR, so they'll go up each day.Buy Low
Sell High
STAY FROSTY!Comment
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What do you guys think of the following
Rank P/E and ROI equally and % price change this month at 2/3?
setting a minimum P/E of 3 and min ROI at 25 I get:
PWEI
HWG
FTO
VTKHY
RNWK
NRT
GNI
TEO
BHS
AKAM
JUPM
PNRG
UST
FDG
FMDBuy Low
Sell High
STAY FROSTY!Comment
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Well, if you are looking for shorts, FDG fills the bill quite nicely.Originally posted by scifos
FDG stinks
FDG shrinksComment
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The rest of 'em
PWEI--just broke out, but on less than 1.5x volume. Market is weak. . .Originally posted by scifos
HWG--volume less than 20k per day--too lean for my blood
FTO--what can I say: I'm an oil man. I like Frontier.
VTKHY--invalid symbol according to stockcharts.com
RNWK--Flying Plateau with a $17.50 target.
NRT--too low volume--less than 10 k per day.
GNI--Nice $172.50 target in a great sector. What's not to like here?
TEO--$25 target on an Argentine telecom. Stalk this one.
BHS--$68 target, but losest chart around, in the sickest sector: homebuilders.
AKAM--pretty chart; flying plateau; twilight zone special (i.e. all time highs)
JUPM--I don't know if I like this chart right now . . . .
PNRG--chart leaves something to be desired; but I am an oil man . . . .
UST--$53 and ready to ride.
FDG--forget it long; short it down after 28 MAR. (ex-date).
FMD--interesting stock. Volume was so low today that I almost thought they were closed all day. $56 target, but low volume and topping tails says "better wait on this one for awhile."
In summary, a nice screen. GNI, TEO, FTO,UST are my immediate favs, with GNI my favorite of them all. BUT NO option chain. UGH!
Thanks for posting the scans. Please do it again.Comment
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