StockFetcher Forums · Filter Exchange · FADING THE GAP STATISTICS FILTER<< 1 ... 6 7 8 9 10 ... 40 >>Post Follow-up
alf44
2,025 posts
msg #46422
- Ignore alf44		 8/16/2006 11:22:02 AM

...was really more of a conclusion than a "theory" !

Apparently, Mark Crisp and Avery (TheRumpledOne) Horton are trying to market the "Fading The Gap" method.


Regards,

alf44



maxxam80
108 posts
msg #46428
- Ignore maxxam80		 8/16/2006 2:33:11 PM

its not new
I have read about filling (same thing) in many books
alf44
2,025 posts
msg #46439
- Ignore alf44
modified		 8/16/2006 11:36:37 PM

...here's a thought for ENTRIES...

...use the "OOOPS Trade" criteria for filtering...VERY NICE..."Fade The Gap" plays !


The "OOOPs Trade" is a Larry Williams set-up...LBR also uses this really nice "Fade The Gap" trade set-up !!!

-------------------------------------

Very simply...the trade set-up IS......

...and this is from the LBR website:



"What is an "Oops" Trade?

"Oops" is an expression originally coined by Larry Williams. The setup occurs when the opening price gaps outside the previous day's range. A buy (or sell) stop is placed just inside the previous day's range in case the market then closes the gap, indicating a reversal. The trade is best treated as a scalp trade and exited before the close. This pattern has no long term forecasting value."

---------------------------------------

I love this "OOOPs" set-up !

It DEFINITELY IS a moneymaker !!!

You could EASILY use TRO's "Fade The Gap" scan...and APPLY the Larry William's "OOOPs Trade" criteria to the symbols that are returned...and make a very good living ! IMO

All in my opinion !!!


Regards,

alf44



TheRumpledOne
6,529 posts
msg #46447
- Ignore TheRumpledOne
modified		 8/17/2006 4:36:14 PM

Thanks for the "OOPS"

http://www.tradingfrommainstreet.com/tradescanscanning.html

Notice they "WAIT FOR GREEN"!!

http://elitetrader.com/vb/showthread.php?s=60e4b587270c2dbb73de8ce7c4d7868a&threadid=35179&perpage=6&pagenumber=2






nramesh30
4 posts
msg #46448
- Ignore nramesh30		 8/17/2006 4:44:29 PM

Is there any service/website that gives a list of all gap down/up stocks in the morning ?

Thanks
Ramesh



alf44
2,025 posts
msg #46450
- Ignore alf44		 8/18/2006 2:06:15 AM

TRO, actually the set-up described in the links you posted is a little bit different from the "William's Ooops set-up" that I was referring to in my earlier post. Different in that it requires a Wide Range Bar...followed by a GAP outside the Range of the WRB. fwiw

Nevertheless...it is a nice set-up and one I will add to my arsenal.


Regards,

alf44



radovan.arendas
41 posts
msg #46451
- Ignore radovan.arendas		 8/18/2006 2:52:42 AM

alf44
where can I find the original "William's Ooops set-up"? Would you mind to share it or provide links?

Thnaks
r.
radovan.arendas
41 posts
msg #46452
- Ignore radovan.arendas		 8/18/2006 3:29:49 AM

Never mind. I found it couple of posts ago from U.

"Oops" is an expression originally coined by Larry Williams. The setup occurs when the opening price gaps outside the previous day's range. A buy (or sell) stop is placed just inside the previous day's range in case the market then closes the gap, indicating a reversal. The trade is best treated as a scalp trade and exited before the close. This pattern has no long term forecasting value."

Thanks
r.




TheRumpledOne
6,529 posts
msg #46471
- Ignore TheRumpledOne		 8/18/2006 2:52:37 PM

Is there any service/website that gives a list of all gap down/up stocks in the morning ?

Just about every platform has a GAP and %Gap columns you can add to your display.

www.quotetracker.com has gap.

You need a real time feed. You can use ISLD or ARCA for free.

HTH.
chetron
2,817 posts
msg #46511
- Ignore chetron
modified		 8/21/2006 2:28:41 PM

/* tachikawa */


just something i noticed with this is that, when i sort on the 20 week high absgap descending, the .7 and higher values were signifiantly more successful than the lesser during the backtesting i did. is this worth noticing?

try this.....

Fetcher[


/* GAP DOWN STREAK COUNTER */
/* gap fill statistics SHORT close, COVER open*/
/* chetronisms */
/* IS 4 A LUCKY NUMBER */

set{Xgapped, open - close 1 day ago}
set{Xgapup, count(Xgapped > 0, 1)}
set{Xgapdn, count(Xgapped < 0, 1)}

set{absgap, abs(Xgapped)}

set{gappedup100, count(Xgapup > 0, 100)}
set{gappeddn100, count(Xgapdn > 0, 100)}

set{cl1lo, close 1 day ago - low}
set{hicl1, high - close 1 day ago }

set{fillup, count(cl1lo > 0, 1)}
set{filldn, count(hicl1 > 0, 1)}

set{gapupfilled, Xgapup * fillup }
set{gapdnfilled, Xgapdn * filldn }

set{gapup100f, count(gapupfilled > 0, 1)}
set{gapdn100f, count(gapdnfilled > 0, 1)}

set{gapfilled, gapup100f + gapdn100f}

set{GapDnStr,days(xgapdn equal 0, 100)}


add column GapDnStr
add column Xgapped
add column gappeddn100
DRAW GapDnStr
/* SELECTION CRITERIA */

gappeddn100 above 64
CLOSE ABOVE .40
AVERAGE VOLUME(30) ABOVE 300000

/* profit checker - short only */

set{ ShortProfit, open - low }
set{Short10, count(Shortprofit above .10, 100) }
set{Short50, count(Shortprofit above .50, 100) }
set{LoseSh, Short10 - Short50}

add column LoseSh
add column ShortProfit
add column Short10
add column Short50

and add column cma(Shortprofit, 100)


/* SORT CRITERIA */

SORT COLUMN 7 DESCENDING

]



AND OF COURSE....

Fetcher[


/* PROFESSIONAL SHORT GAP statistics */
/* WITH CHETRONISMS */

SET{VAR1,LOW 1 DAY AGO}
set{Xgapped, VAR1 - open}
set{Xgapup, count(Xgapped < 0, 1)}
set{Xgapdn, count(Xgapped > 0, 1)}

set{absgap, abs(Xgapped)}

set{RED1, count(close BELOW open, 1) * XgapDN }
set{RED, count( RED1 > 0 , 100) }

set{fake1, count(LOW equal open, 1) * XgapDN }
set{fake, count( fake1 > 0 , 100) }

set{gappedup100, count(Xgapup > 0, 100)}
set{gappeddn100, count(Xgapdn > 0, 100)}



set{cl1lo, close 1 day ago - low}
set{hicl1, high - close 1 day ago }

set{fillup, count(cl1lo > 0, 1)}
set{filldn, count(hicl1 > 0, 1)}

set{gapupfilled, Xgapup * fillup }
set{gapdnfilled, Xgapdn * filldn }

set{gapDN100f, count(gapDNfilled > 0, 100)}



set{gapfilled, gapDN100f}

/* DRAW PLOTS */

DRAW XGAPPED ON PLOT XGAPPED

/* DISPLAY COLUMNS */

and add column gappedDN100
and add column RED
and add column fake

/* SELECTION CRITERIA */


CLOSE ABOVE .40
average volume(30) above 300000

/* SORT CRITERIA */

SORT COLUMN 6 DESCENDING

]



CAN HE DO IT.....

Fetcher[




/* GAP DOWN STREAK COUNTER */
/* gap fill statistics SHORT close, COVER open*/
/* chetronisms */
/* IS 4 A LUCKY NUMBER */

set{Xgapped, open - close 1 day ago}
set{Xgapup, count(Xgapped > 0, 1)}
set{Xgapdn, count(Xgapped < 0, 1)}

set{absgap, abs(Xgapped)}

set{gappedup100, count(Xgapup > 0, 100)}
set{gappeddn100, count(Xgapdn > 0, 100)}

set{cl1lo, close 1 day ago - low}
set{hicl1, high - close 1 day ago }

set{fillup, count(cl1lo > 0, 1)}
set{filldn, count(hicl1 > 0, 1)}

set{gapupfilled, Xgapup * fillup }
set{gapdnfilled, Xgapdn * filldn }

set{gapup100f, count(gapupfilled > 0, 1)}
set{gapdn100f, count(gapdnfilled > 0, 1)}

set{gapfilled, gapup100f + gapdn100f}

set{GapDnStr,days(xgapdn equal 0, 100)}



/* PROFESSIONAL SHORT GAP statistics */
/* WITH CHETRONISMS */

SET{VAR1,LOW 1 DAY AGO}
set{XPgapped, VAR1 - open}
set{XPgapup, count(XPgapped < 0, 1)}
set{XPgapdn, count(XPgapped > 0, 1)}

set{Pabsgap, abs(XPgapped)}

set{RED1, count(close BELOW open, 1) * XPgapDN }
set{RED, count( RED1 > 0 , 100) }

set{fake1, count(LOW equal open, 1) * XPgapDN }
set{fake, count( fake1 > 0 , 100) }

set{Pgappedup100, count(XPgapup > 0, 100)}
set{Pgappeddn100, count(XPgapdn > 0, 100)}

set{Pcl1lo, close 1 day ago - low}
set{Phicl1, high - close 1 day ago }

set{Pfillup, count(Pcl1lo > 0, 1)}
set{Pfilldn, count(Phicl1 > 0, 1)}

set{Pgapupfilled, XPgapup * Pfillup }
set{Pgapdnfilled, XPgapdn * Pfilldn }

set{PgapDN100f, count(PgapDNfilled > 0, 100)}

set{Pgapfilled, PgapDN100f}

/* DRAW PLOTS */

DRAW FAKE
DRAW PGAPPEDDN100
DRAW RED ON PLOT GapDnStr
DRAW XPGAPPED ON PLOT XPGAPPED

/* DISPLAY COLUMNS */

and add column PgappedDN100
and add column RED
and add column fake

add column GapDnStr
add column Xgapped
add column gappeddn100
/* SELECTION CRITERIA */

gappeddn100 above 64
CLOSE ABOVE .40
AVERAGE VOLUME(30) ABOVE 300000

/* profit checker - short only */

set{ ShortProfit, open - low }
set{Short10, count(Shortprofit above .10, 100) }
set{Short50, count(Shortprofit above .50, 100) }
set{LoseSh, Short10 - Short50}

add column LoseSh
add column ShortProfit
add column Short10
add column Short50

and add column cma(Shortprofit, 100)

/* SORT CRITERIA */

SORT COLUMN 7 DESCENDING


]
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