Monthly Archives: September 2012
Opening Gaps in SPY/S&P 500, part 2
| September 30, 2012 | Posted by Oddmund Grotte under daytrading, strategies |
The opening gap strategy I published last week showed promising returns. However, can we trust the data? The test was performed on EOD data from Yahoo! (open, high, low and close per day). Today I have downloaded 30 mins data from IQFeed. The test period is the same: 1. January 2010 until 1st of July…
Opening Gaps in SPY/S&P 500, part 1
| September 24, 2012 | Posted by Oddmund Grotte under daytrading, strategies |
Searching on the internet you can find a lot of articles on how to play the opening gap of S&P 500. Today I did my personal twist on this strategy. Over the last two months I’ve been trading a similar strategy, but not exactly the same as the one I’ve tested here. Here are the…
At What Time of Day Does SPY/S&P 500 Set High And Low?
| September 16, 2012 | Posted by Oddmund Grotte under strategies, trading topics |
This morning I had a look at when SPY makes high and low during the trading day (regular market hours from 0930 to 1600). I had no particular plan behind this, I just wanted to know if I can draw some trading ideas from it. The total sample is 650 days, from January 2010 until…
The Value of Using Targets
| September 10, 2012 | Posted by Oddmund Grotte under trading topics |
Previously I wrote an article about the detrimental effect of using stop-loss. What happens if we reverse it? Does using target create any value? When trading it’s mentally very hard to see a nice gain turn around into a loss. It’s easy to kick yourself for not having used a target. But in the long…
The Importance of Backtesting
| September 3, 2012 | Posted by Oddmund Grotte under trading topics |
It’s a good advice to do backtesting in order to gain some insight into how a trading idea might work. If you don’t do that you are basically just guessing on how a certain strategy will perform. It’s a big leap in the right direction. You’ll get a hint on how the strategy performs, at…
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