WAVE 4 BUY | VOL | CLOSE | TARGET |
APA | 2.9M | $68.72 | $91.54 |
New Checking System
1. Write a scan to use a list of symbles to retrieve detail quote from Google finance including sector, industrials, related companies,company summary. For example:
http://finance.google.com/finance?q=apa2. Also draw a one year diagram using yahoo finance.
3. Filter out small volume stocks
4. Compare DOW individual index for each sector, ignor decline sector stocks ( For Wave 4 Buy)
(Data is available from MarketWatch.com)
5. Select target date within two months stock and analyse best Risk/Reward Ratio of the option/Spreads.
6.Be clear about how much option move for $1 stock movement. Determine releastic entry stock price/Option price and exit stock price/Option price.
7. back test it using Vitual trading for 20 stocks to proof the system is effective and efficient.
8. Move the system to real market.