I am testing something new this morning. I reversed some of my PCFs and I am looking for short candidates. Looking at PCF outputs and charts, I came up with the following list:
Date | Sym | Trigger |
8/25/2006 | PPP | 44.01 |
8/25/2006 | PHM | 27.92 |
8/25/2006 | ABMD | 12.63 |
8/25/2006 | NCC | 35.22 |
8/25/2006 | GSK | 53.85 |
8/25/2006 | IMA | 30.95 |
Once triggered, same rules apply to shorts and longs. I get in, and set a stop above the previous day’s high. The stop than follows the drop to lock-in the profits.