Introduction to Watchlist Performance
Antichartjunk Watchlist Performance – Full Screen
Past performance does not guarantee or imply future results. Disclaimer
-
Follow
Following
Already have a WordPress.com account? Log in now.
antichartjunk 
For EVC, how did you determine the break out price as 2.43?
Hi Jeff, I explain in detail how stocks/ETFs enter the tool in the Introduction to Watchlist Performance. In the case of EVC during Week 11, the pivot range was 2.31 to 2.43, which is just above resistance levels at the 1/9/13 highs. Also note the huge weekly volume to the upside in Week 10 which indicated institutions were already accumulating shares. As for the breakout price determination, I would like to keep the Performance tool on the conservative side so that the investor/trader who may not be able to observe the market minute-by-minute or even hour-by-hour can still get an idea of the watchlist potential. Therefore, when the breakout paramters are met, the breakout price will be the lower of either the closing price of the day of the breakout or the maximum of the pivot range. EVC closed at 2.69 on 3/11/13 above the 2.43 maximum level and thus the 2.43 level is used as the breakout price. Note that the ideal price would be the minimum of the pivot at 2.31. Over time, this 5% difference can have a significant effect on real life trading returns versus the Performance Tool. It will also give more flexiblity with risk management and stop loss entry. Note the similar breakout situation with CVLT this week where 83.61 is the breakout price. At some point, I plan to do some basic analysis on the Performance Tool and indicate the potential performance using risk management/stop losses, pyramiding, entering at the most ideal point of the pivot range, etc.