Iterative Refinement

Quote from ericta:

Hi Vorzo,
I was generating pdf from your files.
and I noticed that your execution statement screenshot was taken at 1/18/2008 10:47pm which in the middle of 12 trades! How did that happen?
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I live on the West Coast, but I run my computers on London time (I collect FX data and run some systems that require this time zone).

and what do you mean by "pace overextand"
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"Pace indicates price overextended" - meaning that price has run MORE (low to high) than Mak's PRV table indicates for that particular pace level, so I anticipated it to roll back. In my experience, this occurs sometimes after long (6-10pt) bars, and along with other considerations indicated on the screenshot, it led to my decision to exit the trade. I referred to this in a <a href="http://www.elitetrader.com/vb/showthread.php?s=&threadid=83604&perpage=6&pagenumber=1505">prior post</a>.

Regards,
Vorzo
 
Haroki,


QCharts don't use RS/EPS rank. I used the following parameters:

price, 65 day vol, float, positive eps, %insider and %institutional.
 
Here is my 5 minute chart. Whilst you folks in America slept, we watched the market drop good 70 points in horror. :D
I have posted some more charts on ES journal, I had some company there this morning.:p

BO.png
 
Quote from Spydertrader:

The symbol change also precipitated the removal of BTJ from my Final Universe. Thanks for the 'Heads Up' post.

- Spydertrader
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Did you replace BTJ with BOLT in your final universe or did you remove it.

If you did remove it, I am curious as the reasons. BOLT with data from its time as BTJ still has rank.

Thanks
 
Quote from bi9foot:

Did you replace BTJ with BOLT in your final universe or did you remove it. If you did remove it, I am curious as the reasons. BOLT with data from its time as BTJ still has rank.
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In the past, when a company changed their symbol, Qcharts failed to include the 'previous symbol data' with the new symbol. As a result, the 'new' symbol then failed to have the required 127 days of data needed for smooth operation of the chartscripts. As such, I deleted BTJ / BOLT from the Final Universe for 'lack of data' reasons. Should your own data provider 'include' all data with the symbol change, then yes, keeping BTJ / BOLT in your Final Universe makes perfect sense.

Good Trading to you.

- Spydertrader
 
Quote from Munck:

Haroki,


QCharts don't use RS/EPS rank. I used the following parameters:

price, 65 day vol, float, positive eps, %insider and %institutional.
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You can take your new stocks over to Stocktables and enter them manually.

From there:

NCTY: EPS-28 RS-8
OCN: EPS-11 RS-11
STEC: EPS-20 RS-88

Not very good numbers. Especially since there's already 75+ symbols in the list. If there was 20-25, I'd consider it.

I used to use Qcharts, did I miss a way to filter stocks for those parameters, or do you do a visual scan?
 
Quote from vorzo:


"Pace indicates price overextended" - meaning that price has run MORE (low to high) than Mak's PRV table indicates for that particular pace level, so I anticipated it to roll back. In my experience, this occurs sometimes after long (6-10pt) bars, and along with other considerations indicated on the screenshot, it led to my decision to exit the trade. I referred to this in a <a href="http://www.elitetrader.com/vb/showthread.php?s=&threadid=83604&perpage=6&pagenumber=1505">prior post</a>.

Regards,
Vorzo
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But price overextend after all is a continuation/confirmation, would you agree?
 
Haroki,


Is it necessary to be a subscriber to Stocktables to be able to scan manually?
I can't seem to find it.. (without having to sign up). Do you have a link?

Yes, 75 is a lot. I would also prefer <50, especially as I do channel/gaussian analysis every day. I have included the %institutional parameter to limit the number of new object a bit.

Do you use DU in your daily analysis?
 
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