Boolean algebra inside.

After going through this route, It is very good to have a steady making money backbone which PVT will give just using Break Outs in volume out of DU as Spydertrader showed in his journals.

Personally, I prefer to look for stocks that are in intermediate term down trends, and then looking for increasing volume and a FTT to start the beginning of the next IT uptrend. It happens usually at the bottom of the cup and handle. I also like buying stocks out of handles, along with stocks breaking out of FTPs or Boxes like Darvas did. Then let the RS of the stock be your determinant of whether to let it ride or put it in another stock breaking out. If it goes parabolic, no need to look for just the 10% when you can rack up 50% + in 2 months. Also, take note of previous support and resistance areas but if you understand the box method(consolidation areas) by Darvas, you would already be taking note of this stuff.

Riding the IT over the natural cycle takes less time to prepare and really is convenient for those who have jobs imo.

I am just curious to see how the Canslim ITs play out during a Depression and if there will still be those gem stocks which will rocket higher once the Depression climate really sets in.
 
My comments are in color below.

Please read he whole post of tradingbug before you take my comments into account



Quote from tradingbug:



snip....

Personally, I prefer to look for stocks that are in intermediate term down trends, and then looking for increasing volume and a FTT to start the beginning of the next IT uptrend.

If you are visual and like to leaf quickly. Get the weekly print out of Daily Chart.

Use a razor to snip out charts. Paste the chart on a sheet of white paper.

Get pile of such charts together each weekend when the booklet arrives.

It happens usually at the bottom of the cup and handle.

remember that you can only see the first half of the cup. You can also see the FTT and the volume BO of DU.

Be sure to Draw both the RTL and then the LTL.

Also note that you are in the trade well before the C and H.

I also like buying stocks out of handles, along with stocks breaking out of FTPs or Boxes like Darvas did.

As you leaf put these stock charts in separate piles.

Also be sure to draw the RTL and then the LTL. Do both the short and the long preceding this short.

Then let the RS of the stock be your determinant of whether to let it ride or put it in another stock breaking out.

As weeks go by, your RS data points shift. This shift will cause the RS to increase as the IT proceeds. The first derivative of the RS will also be helpful to you.

Notice when you get to point 2 of the new channel. hold through point 3 as well.

After point 3. go to the next faster fractal for your observations.

If it goes parabolic, no need to look for just the 10% when you can rack up 50% + in 2 months.

The parabolic test is the VE after point 3. Before a VE you can have an FTT. As you pass the possible FTT, you get to consider how moving the channel points forward is coming into the picture. If you find that a VE is not immenent (sp) as a week passes (look daily in the evening), then do not anticipate a 50% future harvest.

Also, take note of previous support and resistance areas but if you understand the box method(consolidation areas) by Darvas, you would already be taking note of this stuff.

As a contemporary of Darvas at that time, it was popular to use horizontal lines called Support and Resistance. the Box was not broadly used, either. Please consider the channel to be amore dynamic container. And using RTL's and LTL's on a computer is now available.

Sorting with a Daily Chart booklet is swift and a weekend deal.

Do transfer your lists to a computer. and use columns on the lists to make them dynamic. The document "Putting the pieces Together" is helpful to understand this type of display.

Riding the IT over the natural cycle takes less time to prepare and really is convenient for those who have jobs imo.

Everyone values their time differently. Some people can look at charts one at a time on a computer to find a characteristic. I mentioned Daily Charts because they are very easy to leaf and snip with a razor, then put on the RTL and LTL either on the computer or with a straight edge. And file.

the ratio of PVT to Daily Charts is 4:1 using one fractal compared to the other fractal. This is a real earnings hit to decide to take.

I am just curious to see how the Canslim ITs play out during a Depression and if there will still be those gem stocks which will rocket higher once the Depression climate really sets in.

I put up a couple of charts to make the point earlier in the week.

You may notice that the news you get is beginning to give importance to the non solutions for the cliff which occurred and is now manifesting in the near future for most media outlets. This is the climate and a context of an IT and LT nature.

To decide to make money on a ST basis. you work inside the IT and LT. By picking stocks that have flat durations from point 2 to point 3 of IT channels, that specific time periiod has to be considered and evaluated. From this comes a strategy.
More...

TB, your post is a great contribution as always.

As a rule my posts give people headaches, etc....

I feel that as time passes and more monitoring and analysis stuff gets put on the table, doing the clicks to update these columns in various quote boards will become more and more natural for participants.

Compressing a 50 to 60 year trip into a year or so was done.

Using computer power is beginning to show up these days.

Past records did show how it turns out.

I think the slant on making use of extracted capital is also gaining a footing.
 
Quote from tradingbug:

After going through this route, It is very good to have a steady making money backbone which PVT will give just using Break Outs in volume out of DU as Spydertrader showed in his journals.

Personally, I prefer to look for stocks that are in intermediate term down trends, and then looking for increasing volume and a FTT to start the beginning of the next IT uptrend. It happens usually at the bottom of the cup and handle. I also like buying stocks out of handles, along with stocks breaking out of FTPs or Boxes like Darvas did. Then let the RS of the stock be your determinant of whether to let it ride or put it in another stock breaking out. If it goes parabolic, no need to look for just the 10% when you can rack up 50% + in 2 months. Also, take note of previous support and resistance areas but if you understand the box method(consolidation areas) by Darvas, you would already be taking note of this stuff.

Riding the IT over the natural cycle takes less time to prepare and really is convenient for those who have jobs imo.

I am just curious to see how the Canslim ITs play out during a Depression and if there will still be those gem stocks which will rocket higher once the Depression climate really sets in.
More...
I feel your method is risky as it tries to catch the bottom of a down I.T. trend. Great skill in reading the market and close monitoring are the must. I guess that you have both of them.

If I understand correctly, for I.T. up trends, you can have a better and more assuring performance with Jack's system sector rotation method. The problem is nothing much on SSR is mentioned.
 
Quote from Paddler:

I feel your method is risky as it tries to catch the bottom of a down I.T. trend. Great skill in reading the market and close monitoring are the must. I guess that you have both of them.

If I understand correctly, for I.T. up trends, you can have a better and more assuring performance with Jack's system sector rotation method. The problem is nothing much on SSR is mentioned.
More...

A lot of the early indicators work accomplished the goals of IT trading.

The two line theory is really profound. It is best to have synchronicity between the indicator and the market, however.

For this reason you have to compare the invention time with the advent of PC usage era. If before, then you have to change the original defaults to those I recomended at the time. If after, then there is no problem.

A quick fix for SSR is to go to a weekly chart and simulate the IAS by using the Wellles Wilder's DMI's. The long signal is a "cross above" and the short signal is a "cross below". If then "entwined", then this is a "time out" and you have a wash trade (this interval is where the CW patterns occur (and are highly risky for CW folk))

You still have to have the SAME Universe as that from the PVT Universe selection.

I am wrapping up the TA for automating the PVT in the next couple of days. I have replaced the IAS as a manual task as well.
 
these few posts will wrap up automating the PVT.

Use the mathe for the Universe filter that FrenchFry detailed out. The set is named as shown in the illustration. Any ordring of the filter list works.

A filter is composed of criteria and criteria comes from functions.
 

Attachments

Quote from jack hershey:

here are the 15NOV12 filter results in terms of the amount of stocks in the sort. This is a good size.
More...

As you can see in the upper left corner there is an icon for displaying the list. You click the icon and the ystem goes through applying the filter criteria and the column criteria for the list.

I put the IAS into the columns as well as the scores.

There are two blank columns to use as well.

Print the display daily and keep track of the estimated buy and sell dates.
 

Attachments

Quote from jack hershey:

As you can see in the upper left corner there is an icon for displaying the list. You click the icon and the ystem goes through applying the filter criteria and the column criteria for the list.

I put the IAS into the columns as well as the scores.

There are two blank columns to use as well.

Print the display daily and keep track of the estimated buy and sell dates.
More...

As you can see the sort of the list is done by column sorting. Do columns sorts as you would in Excel.

You will notice the long to short scores are group just to the left of the Rank (final) column. To the left of these three columns is the short to long score columns.

This is more sophisticated than the old QCharts displays that were used to illustrate "Putting the Pieces Together".

the HOT list and the OWNED list come from the Universe list by simply chacks the boxes to the left of the symbol column.

Check your OWNED stocks if you re a trader and then use the icon at the bottom (SAVE) and you will imediately have a new focussed quote board tab for watching what you own.
 

Attachments

On your OWNED list you can add columns for price and price change. And you can sort it as you wish for monitoring and analysis.

To view any stock chart just click on the symbol (or row) and the chart comes up immediately. You can annotate it as well.

the last task for trading PVT is to use the Universe to construct a HOT list.

By focussing on the Universe columns that are "leading" the BUY event, you can just bring up stock after stock to compose the HOT list by checking off the box next to the symbol.

this is how a person with a day job spends 15 to 20 minutes in the evening to be prepared to call in orders (or do it electronically for the NEXT AM open and first couple of hours of RTH.

If you are in western time zones of the US, you do this before work.

The above is why I added the volume columns to augment the scoring columns.

To make reviewing the sharts easier, I added a template for charts. Its name is "PVT beginner" on the template list.
 
There is a personal trader personality, character, mores and ethics combination which finalizes the ATS part of trading.

You can "set yourself up" by doing your final automation for trading PVT. You now have all the pieces and how they are displayed. You import these into a system for reporting. It will backtest for you so you can see how your "personal trader setup" is functioning.

you do this on your trading platform or you use the platform we built all the pieces upon.

your mission is to get to name your strategy after you have detailed out its building.

I recommend you look at some other strategies first to get grounded on this personal trading task. Pick a common historical one if you wish.

there are many ways to open up the door to strategies.

A simple way is to go to Edit and scroll down to the word Strategy.

By now you have gotten immersed and you know how to begin with very small pieces or even do a new piece.

NEW is the sauce you begin with. For mostly anything you want to create (take out of your mind and put into a computer that will then do what you WANT or even NEED).
 
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