StockFetcher Forums · Filter Exchange · Any additional tips for trading RSI(2) reversal<< 1 2 3 >>Post Follow-up
TheRumpledOne
6,359 posts
msg #50619
Ignore TheRumpledOne
3/21/2007 1:07:18 AM

Pick ONE STOCK to trade using RSI(2) and see if your results improve.



waldr
15 posts
msg #50621
Ignore waldr
3/21/2007 11:16:15 AM

Thx TRO, that's the quest I am starting. I got many leads that trading one is better that trying to trade pools if stocks that are spit out from filters

mbehr55
1 posts
msg #50622
Ignore mbehr55
3/21/2007 11:26:58 AM

Would you be so kind as to post your entire filter? It would help those of us who are new to the "game" to understand.

waldr
15 posts
msg #50623
Ignore waldr
3/21/2007 1:13:53 PM

Sure, this is the filter:

RSI(2) < 1 ONE DAY AGO AND VOLUME IS ABOVE 100000 AND PRICE IS BETWEEN 0.50 AND 2 AND PRICE TOUCHED LOWER BOLLINGER BAND(20) AND CLOSE HAS BEEN DECREASING OVER THE LAST 3 DAYS


luc1grunt
622 posts
msg #50625
Ignore luc1grunt
3/21/2007 4:40:30 PM

eliminate your last phrase and see if that changes your results.

nikoschopen
2,824 posts
msg #50626
Ignore nikoschopen
3/21/2007 5:34:54 PM

Since you're filtering for stocks with RSI < 1 one day ago, it wouldn't hurt to add another criterion like "the damn thing shot up above 1 today". ;)

lockwhiz
206 posts
msg #50628
Ignore lockwhiz
modified
3/21/2007 8:48:58 PM

... RSI(2) is not a simple screen to trade...but when you hook onto a gem it can be amazing.

Here is the screen I use ...nothing different, the real screen is the RSI(2), just enhance the screen to show the "tradeable" equites... Since the hold time is usually 1 - 5 days, use the offset to do the same....to see the potential.

Fetcher[
set{cashflow,average price(5) * average volume(5)}
cashflow is greater then 375000
rsi(2) < 1
and price is between .01 and 7
and draw fast stochastics(5,5)
and draw slow stochastics(5,5)
and do not draw cashflow
and draw MACD(16,26)
AND ADD COLUMN rsi(2)
AND SORT COLUMN 6 DESCENDING
and offset 0
]



Eman93
4,659 posts
msg #88829
Ignore Eman93
2/27/2010 12:42:59 PM

Palm could be a canadate for Microsoft to buy out,,,, thought I read that somewhere

Microsoft needs to get aggresive on mobil platform...IMHO,,, then you could have a phone that takes 5min to boot up..

chetron
2,817 posts
msg #88831
Ignore chetron
2/27/2010 12:48:08 PM

LOL


optionplayer333
801 posts
msg #88834
Ignore optionplayer333
2/27/2010 2:21:34 PM

to greatly increase you odds off rsi-2 daily bottoms- trading vol-500k shares average--start watching advfn.com the buying and selling volume-make sure its reversed to the buy side-- check the 15-60 intra day rsi-2 s--you want the rsi-2-- say on the 30 minute to start showing a pos divergence for a bottom reversal--also you want to use the macd 2 3 1 to look for a pos divergence before the stock hits it bottom--use sink or swim graphs bogth profit and regular-- many tyimes using thr rsi-2 macd 2 3 1 and linear regression you can already know where the next bottom is before it gets there- lets say stock x is at a daily rsi-2 <5%- you have you set up on thinkorswim- before the open it say the bottom lr line is at 15$ and the stock is at 15.50$-- wait for it to go down there and settle on the lower lr for 1-3 hours giving you a nice pos divergence-- for you bigger traders- on stock finder you can set up the the rsi-2 in ascending columns after your stock column-- i used 15-30-60 1 day 1 week and 1 month--i knew we were due for a weekly low rsi-2 since dec- so i just waited until 2-5-09 when the spy hit the low weekly rsi-2 and i got something like this 1 month--20% 1 week 6% 1 day 4%- but then we got 70-90% on the 15-60 min rsi-2 s--i wish i could give you all a conference call say on go to meeting .com- where i could actually show you graph by graph how this works-- this is why i rarely lose- because i use the abov e set up--you can go to realtimestock quote.com to set the above up 15 minutes delayed-- use candle 1-5 days and start with 15 minutes- on the right side set the 2 in the rsi box and the 2 3 1 in the macd box---check both with green check marks-- check the linear regression box- but leave box blank--also for every new graph you want to look at-clear the numerical value out before each new graph--if you go there and set the above you will see that this set up works like clock work--lets look at a 2 day on the spy--look at it carefully and you will see how all the tops and bottoms of the lr work in perfect harmoney with the rsi-2 and macd 2 3 1

StockFetcher Forums · Filter Exchange · Any additional tips for trading RSI(2) reversal<< 1 2 3 >>Post Follow-up

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