StockFetcher Forums · Filter Exchange · TheRumpledOne, trying to learn from the master!<< 1 2 >>Post Follow-up
clam61
92 posts
msg #43832
Ignore clam61
5/18/2006 12:55:46 AM

TheRumpledOne

First of all, thank you so much for all your help in helping me write filters and for teaching us about RSI(2)

I have read many threads on RSI(2) and written down techniques that go along with it

Technique #1: using RSI(2) < 1, find stocks that are near the bottom of a linear regression

Technique #2: using RSI(2) < 1, find stocks that have just crossed EMA(5)


Are these correct?

Question #1: I have also read about looking at EMA 13 and 26 or something...what other methods are there that you use?

Question #2: I tried looking for the original RSI(2) thread that you and Holy Grail gave a lot of info on, but have not found it. Anyone have a link?

Question #3: Also I tried looking for the original "WAIT FOR GREEN" thread and also cannot find it



TheRumpledOne
6,362 posts
msg #43833
Ignore TheRumpledOne
5/18/2006 2:04:15 AM

BLACK BELT TRADING TECHNIQUE

Use a 3 month/Daily www.prophet.net (or similiar) chart

1) RSI(2)
If RSI(2) < 1, look for a long entry signal
If RSI(2) > 99, look for a short entry signal

2) DIVERGENCE
If a lower price is making a higher RSI(2) value that is POSITIVE DIVERGENCE... get ready to load the boat!
If a higher price is making a lower RSI(2) value that is NEGATIVE DIVERGENCE... get ready to get your shorts on!

3) EMA(13) vs. EMA(26)
If the EMA(13) is ABOVE the EMA(26) then the trend is up, stay long.
If the EMA(13) is BELOW the EMA(26) then the trend is down, stay short.

4) EMA(5)
If the CLOSE closes ABOVE the EMA(5) AND the EMA(5) is rising then it is safe to enter the trade long.
If the CLOSE closes BELOW the EMA(5) AND the EMA(5) is falling then it is safe to enter the trade short.

5) LINEAR REGRESSION
If the LINEAR REGRESSION line is RISING then the trend is UP.
If the LINEAR REGRESSION line is FALLING then the trend is DOWN.
If the price touches or breaks through the LOWER LINEAR REGRESSION line AND the trend is up, go LONG.
If the price touches or breaks through the UPPER LINEAR REGRESSION line AND the trend is down, go SHORT.

6) BOLLINGER BANDS
If the price is ABOVE the UPPER BOLLINGER BAND and the candle is red, do not enter long.
If the price is BELOW the LOWER BOLLINGER BAND and the candle is green, do not enter short.

If there are conflicting signals, do nothing.


clam61
92 posts
msg #43847
Ignore clam61
5/18/2006 11:49:17 AM

great post

when you say "if there are conflicting signals, do nothing"...does that mean i need to look for ALL signals?

what is the method you use for watching stocks? if i run a few of the RSI(2) filters every night, that is going to be too many stocks to watch!

any tips to record stocks you are watching? do you use any particular software to help such as excel etc?


clam61
92 posts
msg #43848
Ignore clam61
5/18/2006 11:51:41 AM

o yeah, what is the wait for green thread method?

it sounds self explanatory, but maybe there are some more subtleties to learn




TheRumpledOne
6,362 posts
msg #43860
Ignore TheRumpledOne
5/18/2006 4:25:53 PM

Just pick ONE stock and learn how to trade it.

SONS, SIRI, AAPL, etc... just pick ONE.

Trade it over and over and over for a month.

Learn how to spot the trend and time your entries/exits.

Once you master that, you may not want to trade anything else.

Don't get lost in a "sea of indicators"... it's not about indicators, it's about profit!!






TheRumpledOne
6,362 posts
msg #43861
Ignore TheRumpledOne
modified
5/18/2006 4:29:24 PM

Wait for Green can be found in the files section here:

http://finance.groups.yahoo.com/group/StockFetcher/

Here's the SF thread:


http://www.stockfetcher.com/stockdb/fetcher?p=forum&sub=view&fid=1002&tid=26146&mid=26483&efstext=Ym9sbGluZ2VyIGJhbmRz#26483



clam61
92 posts
msg #43868
Ignore clam61
5/18/2006 5:54:47 PM

For these stocks that you watch every day...do you day trade them as well or just swing trade



clam61
92 posts
msg #43872
Ignore clam61
5/18/2006 6:56:35 PM

also, the black belt trading techniques are all entry signals that need confirmation of GREEN right?

You "wait for green"? but what does green mean? Intraday green or after the closing bell green? Because it might jump a little during the day and then continue to fall, just as the QQQQ did today.


vjdooley
2 posts
msg #43875
Ignore vjdooley
5/18/2006 8:50:31 PM

What is a good filter to take advantage of the RSI(2)?


vjdooley
2 posts
msg #43876
Ignore vjdooley
5/18/2006 8:56:44 PM

Mr RumpledOne. do you have a good basic stock screen which incorporates the RSI(2) that I have been reading about. I have seen a lot of discussion on it. thanks.


StockFetcher Forums · Filter Exchange · TheRumpledOne, trying to learn from the master!<< 1 2 >>Post Follow-up

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