Registered User
Joined: 11/21/2005
Posts: 30
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Elaborating on Sir 9-Day Periods' methodology, (posted 3/7/08),
qualifying stocks are added to a watch list that is scanned for 9 days
to find any stocks that decline by at least 2% from day 1.
It appears a PCF is needed for each of the nine days.
Can U provide a PCF for day 1 ?
Many Thanks,
RG
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Registered User
Joined: 1/28/2005
Posts: 6,049
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Once the stock is put in the watchlist.
Its return is calcualted for you.
Just view the watchlist Report.
Reports
Watchlist tracking.
Thanks
diceman
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Registered User
Joined: 1/1/2005
Posts: 2,645
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QUOTE (diceman) Once the stock is put in the watchlist, its return is calculated for you.
Just view the watchlist Report.
Reports
Watchlist tracking.
diceman,
We can edit the Entry price to be the "Trigger" price which will also be the in price (approximately) if the order is executed. Then, you can write a PCF to sort the WatchList so that the last column will tell you if, or, even which day, the buy order was executed. As far as I know, there is no "return calculated for you" in WatchList Tracking that provides such information.
It appears that you may believe that entries are based on closing prices for the nine days. The second row in the Table will show that this is not true. It appears that entries are made with a limit buy order at the MOS 2% price good for the nine days.
Thanks,
Jim Murphy
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Registered User
Joined: 1/28/2005
Posts: 6,049
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"As far as I know, there is no "return calculated for you" in WatchList Tracking that provides such information."
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bustermu
When you click:
Report
Watchlist Tracking
There is a column called "%Change" . Which Shows the
price change since the stock entered the watchlist.
My assumption was Sir 9 day was using this as a
buy for the next day. (when it was -2% or lower)
I don't remember anything about a limit order being
mentioned. (although the original report was so
unclear that I could have missed it)
One could certainly "decide" to do it that way. Although
if I was to attempt this. I probably wouldn't. As a
stock could fall to lower than -2%. Creating an
even greater "MOS" as Sir 9 day calls it.
Thanks
diceman
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Registered User
Joined: 1/1/2005
Posts: 2,645
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QUOTE (diceman) I don't remember anything about a limit order being mentioned.
diceman,
Thanks for the response
The "limit order" was my wording, not that of Sir 9-Day Periods. If I wanted to buy at the "Trigger" price (or, better), a limit order is the way I would do it. Sir 9-Day Periods may watch real-time data and place a market order when the "Trigger" is hit. I have no way of knowing what kind of orders he uses and do not consider it relevant to his System as presented in the Report.
Thanks,
Jim Murphy
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Registered User
Joined: 12/7/2006
Posts: 3
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Sir 9-Day Periods Strategy.
I have managed to set up the indicator provided by Sir 9-Day Periods. However, I would like to also enter a formula that would pinpoint the stocks in the watchlist that show the necessary decline of 2% at any time within the next 9 days. Could you please help me with this?
Thank you!
RHS
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Registered User
Joined: 1/28/2005
Posts: 6,049
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When you click:
Report
Watchlist Tracking
There is a column called "%Change" . Which Shows the
price change since the stock entered the watchlist.
Thanks
diceman
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Registered User
Joined: 1/1/2005
Posts: 2,645
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QUOTE (ucsense) I have managed to set up the indicator provided by Sir 9-Day Periods. However, I would like to also enter a formula that would pinpoint the stocks in the watchlist that show the necessary decline of 2% at any time within the next 9 days.
RHS,
It is important to realize that we, of course, cannot determine which stocks will be traded until that 9 day period is over. For a 9-Day chart, suppose we could determine which stocks satisfying the SetUp Condition:
C3<C2 AND C2>C1 AND C1>C0
would decline at least 2% from C0 in the next 9 day period. Just short at C0 and cover at the 2% drop.
We can construct Indicators to mark past trades and show the Entry price.
Please set up the following two Indicators on a 9-Day chart:
1) In the Top Window, construct a Custom Percent True Indicator with the Indicator Formula:
C4<C3 AND C3>C2 AND C2>C1 AND 0.98*C1>=L0
2) In the Top Window, construct a Custom Indicator with the Indicator Formula:
(C4<C3)*(C3>C2)*(C2>C1)*(0.98*C1>=L0)*0.98*C1
Check "Plot using price scale".
Indicator 1) will mark the 9-Day bars during which a trade is executed. The Indicator 2) spike will mark the (approximate) Entry price of the trade.
Thanks,
Jim Murphy
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Registered User
Joined: 1/1/2005
Posts: 2,645
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diceman,
These are the words of Sir 9-Day Periods from another post:
___________
The second thing is the purchase price. Many times, I will update my watch list for each of the days after the close to see which stocks are close to being down 2%. I’ll put in the orders for the following day using the MOS of 2%. The stock sometimes opens lower by 1, 2, 3, 5% or more and then I get to put on the trade at an MOS of perhaps 3, 4, 5% or more. It’s a win win proposition. You can’t lose, because you have put your buy order in at an MOS of 2%.
___________
This should change understanding of how the Buy orders are entered.
Thanks,
Jim Murphy
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Registered User
Joined: 1/28/2005
Posts: 6,049
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"This should change understanding of how the Buy orders are entered."
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This was always my view of how orders were entered.
Note my satement above:
"a stock could fall to lower than -2%. Creating an
even greater "MOS""
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very similar to Sir 9 days:
"I’ll put in the orders for the following day using the MOS of 2%.
The stock sometimes opens lower by 1, 2, 3, 5% or more and then
I get to put on the trade at an MOS of perhaps 3, 4, 5% or more."
Thanks
diceman
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Registered User
Joined: 1/1/2005
Posts: 2,645
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QUOTE (diceman)
This was always my view of how orders were entered.
"I’ll put in the orders for the following day using the MOS of 2%."
diceman,
Thanks for the response.
Such an order is called a "Limit Order" as opposed to a "Market Order".
If the %Change column of the WatchList Tracking Report reads less than -2.00%, we will know that the limit order at the MOS of 2% has been executed. If it reads greater than -2.00% we do not know whether the order has been executed or not.
The %Change column does not provide sufficient information to determine order execution. As previousty stated:
"... you can write a PCF to sort the WatchList so that the last column will tell you if, or, even which day, the buy order was executed."
Thanks,
Jim Murphy
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Registered User
Joined: 1/26/2006
Posts: 5
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Would appreciate any help with Sir 9 day.
I did the set up with the formula as written: C<C1 and C1<C2 and C2>C3. I then did a sort of % true.
I applied this to the S&P 500 and my sort only revealed 22 stocks at 100% true. I see that others had 59 stocks on their sort.
Any thoughts on what I may have done incorrectly?
Thanks.
Bill
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Registered User
Joined: 12/12/2006
Posts: 77
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QUOTE (bustermu) QUOTE (ucsense) I have managed to set up the indicator provided by Sir 9-Day Periods. However, I would like to also enter a formula that would pinpoint the stocks in the watchlist that show the necessary decline of 2% at any time within the next 9 days.
RHS,
It is important to realize that we, of course, cannot determine which stocks will be traded until that 9 day period is over. For a 9-Day chart, suppose we could determine which stocks satisfying the SetUp Condition:
C3<C2 AND C2>C1 AND C1>C0
would decline at least 2% from C0 in the next 9 day period. Just short at C0 and cover at the 2% drop.
We can construct Indicators to mark past trades and show the Entry price.
Please set up the following two Indicators on a 9-Day chart:
1) In the Top Window, construct a Custom Percent True Indicator with the Indicator Formula:
C4<C3 AND C3>C2 AND C2>C1 AND 0.98*C1>=L0
2) In the Top Window, construct a Custom Indicator with the Indicator Formula:
(C4<C3)*(C3>C2)*(C2>C1)*(0.98*C1>=L0)*0.98*C1
Check "Plot using price scale".
Indicator 1) will mark the 9-Day bars during which a trade is executed. The Indicator 2) spike will mark the (approximate) Entry price of the trade.
Thanks,
Jim Murphy
Thank you, Jim Murphy! I appreciate your input and tested this strategy on MHS in a paper trade. I closed it out today with a $2,700 profit on 10 contracts. Of course, I noticed that this Sector caught fire the day after I executed. I am using your indicators and they are very helpful is spotting opportunities.
Thanks, again!
RHS
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