StockFetcher Forums · Filter Exchange · RSI(2) - The Little Indicator That Could<< 1 ... 11 12 13 14 15 ... 26 >>Post Follow-up
TheRumpledOne
6,362 posts
msg #32045
Ignore TheRumpledOne
5/12/2004 4:22:04 PM

Hey Sparks...

It is NOT what you trade but HOW you TRADE IT!!

You must enter AND exit to capture the profit.

Can't blame the filter because you didn't sell for a profit.

SIRI hit $3.25 today .. I was out at 3.24 and 3.22 (sold 1/2 at the peak to lock in profit, the rest when it reversed).

Was in GSPG at .32 out at .38 same day.

I didn't buy SBAC but it closed at 3.34 today, peaked at 3.40. Profit to be had.

It is NOT the filter, but the trader that determines the success of the trade.

DO NOT CONFUSE STOCK SELECTION WITH STOCK TRADING.

MAY ALL YOUR FILLS BE COMPLETE.


sparksgl
4 posts
msg #32046
Ignore sparksgl
5/12/2004 7:04:23 PM

So this is for short term trades or even day trades?

IASG was on the screen yesterday.... Opened up high today but fell due to the market... Tomorrow will probably be a nice oppurtunity to get in..




TheRumpledOne
6,362 posts
msg #32072
Ignore TheRumpledOne
5/13/2004 4:31:40 PM

IASG... doesn't even average 1,000,000 shares a day. You want to get stuck?

Unless you "know" a stock, I suggest you don't trade any stocks under 1,000,000 share/day average volume.

I KNOW GSPG and I KNOW SBAC.

MAY ALL YOUR FILLS BE COMPLETE.


sparksgl
4 posts
msg #32073
Ignore sparksgl
5/13/2004 5:23:27 PM

So you only play the stocks with greater then 1 million volume?


TheRumpledOne
6,362 posts
msg #32092
Ignore TheRumpledOne
5/14/2004 12:18:53 PM

I trade stocks I "know".

And I trade patterns I know...

ATEA came up as #1 on my volume spike filter this morning before premarket.

It has low avg vol but a huge spike.

Fetcher[set{v, average volume(8)} set{volinc, volume - v} set{volpc, volinc / v} set{volpct, volpc * 100} set{p1,high - open} set{p2, close - low} volpct above 49.99 and close above 0.01 and Average Volume(10) is above 100000 AND VOLUME ABOVE 1000000 and close above close 1 day ago and draw weekly rsi(2) and add column volpct]



Then I sort descending on VOLPCT...

Then I look at the chart. If I see a familiar pattern, I add it to my "radar screen".

MAY ALL YOUR FILLS BE COMPLETE.



defghca
150 posts
msg #32183
Ignore defghca
5/26/2004 7:25:07 AM

TheRumpledOne 5/18/2004 3:56:09 PM

THANK YOU FOR STARTING A NEW THREAD.

MAY ALL YOUR FILLS BE COMPLETE


TheRumpledOne
6,362 posts
msg #34729
Ignore TheRumpledOne
1/3/2005 10:13:08 PM

Check this out:

http://www.agora-inc.com/reports/DJM/WDJMEC24/

RSI(2) being oversold finds all of these stocks.

Try this:

Fetcher[
/* Copyright 2005 by Avery T. Horton, Jr. */
/* Permission to use within StockFetcher Granted */
/* Permission to publish or post on any other forum DENIED */
/* doji is number of days since last doji (Open = Close) -1 means no doji in last 100 days */
set{dojix, close - open}
set{doji,days(dojix equal 0,100)}
add column doji
add column rsi(2)
and close above 0.01
and Average Volume(10) is above 50000
and volume above 100000
and 60 day slope of the close is above 0
and rsi(2) < 1
]



These are uptrending stocks... remove the slope of the close statement to get all stocks.

Change the price/volue to suit your trading style.

MAY ALL YOUR FILLS BE COMPLETE.


RGRAFF4098
6 posts
msg #34733
Ignore RGRAFF4098
1/4/2005 8:18:35 AM

RumpledOne
Any idea where to get put/call ratios? I thought the Doji master relied heavily on that number...

Thanks.

Rob


rsarno
103 posts
msg #34745
Ignore rsarno
1/4/2005 7:59:46 PM

I changed price to be above .10 and didnt touch anything else, but im not seeing such good results.

am i doing it wrong?


TheRumpledOne
6,362 posts
msg #34770
Ignore TheRumpledOne
1/5/2005 11:27:16 PM

rsarno...

Not seeing such good results?

Are you relying on the performance measure of the filter?

Don't let that mislead you.

What you really want to know is how much you can take out of a stock on a given day. Performance doesn't show that. You will have to write your own performance filter to see the profits that were available.

Stocks go up, down or nowhere all day long that's all they can do. You want to buy low and sell higher (unless you're shorting). That's how to win this game.

Don't rely so heavily on a "magic" filter. RSI(2) < 1 is about a close as it gets but you still have learn how to "read the market" and trade the stock.

Study Wallman's WAIT FOR GREEN. Master that and you'll be rich.

MAY ALL YOUR FILLS BE COMPLETE.




StockFetcher Forums · Filter Exchange · RSI(2) - The Little Indicator That Could<< 1 ... 11 12 13 14 15 ... 26 >>Post Follow-up

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