StockFetcher Forums · Filter Exchange · Any additional tips for trading RSI(2) reversal<< 1 2 3 >>Post Follow-up
karennma
6,827 posts
msg #88861
Ignore karennma
2/28/2010 3:21:48 PM

optionplayer333
- optionplayer333 2/27/2010 2:21:34 PM
--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--
===============================================================

M4M:
NOT a problem.
I'm sure many SF member here would be happy to have a "conf. call" with you.
Please post possible times/dates, and let's agree to meet.
IF TRO doesn't mind, we can use his room (Two Percent Club) on PALTALK, which has voice.

:>)
(How about TONITE?)


mystiq
650 posts
msg #88891
Ignore mystiq
3/1/2010 2:23:56 AM

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



>========does this set-up/strategy work as well with PENNY stocks < .10 ?===========(-.-)=======<

macbull
1 posts
msg #89570
Ignore macbull
3/14/2010 10:27:49 AM

when the RSI(2) is below 2, and the close is below the lower Bollinger band, the odds for a successful bounce increase
significantly ..this is what I use
good luck

jthelen
29 posts
msg #89571
Ignore jthelen
modified
3/14/2010 11:53:46 AM

waldr,

If you need to wait for green, consider Think or Swim as a platform. I'm in the same boat, I work days and can't do anything while the market is open. I setup conditional OCO orders at night that are executed when RSI(2) crosses above 10 from below.

This video explains it about 51 minutes in:
http://mediaserver.thinkorswim.com/demos/2008/TOSDemoPlayer.html?vidSource=/transcripts/2009/20090805.swf

JT

waldr
15 posts
msg #89641
Ignore waldr
3/15/2010 9:00:12 PM

jthelen,

I don't use TOS yet but I will start testing it this week. I really appreciate your tips also the rest of the posters. Again many many thanks.

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

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