StockFetcher Forums · Filter Exchange · very profitable filter-<< 1 2 >>Post Follow-up
risjr
123 posts
msg #28934
Ignore risjr
9/28/2003 3:32:05 PM

Thanks EW for your insight!

Sounds like you've lost confidence in rsi(2) Avery!

Guess it WON'T RULE in a done market!

Good tradin

Ron


jthehut
124 posts
msg #28936
Ignore jthehut
9/28/2003 4:45:41 PM

Hi EWZuber...thanks for all replies...just got back from the weekend and had the pleasure of educating myself with your posts...

question: why the slow at 5,3??? what's the magic there? ie versus fast or full stochastics, using other time periods

thx,
M
learning a lot!!!


EWZuber
1,373 posts
msg #28937
Ignore EWZuber
9/28/2003 5:18:10 PM

risjr
I found RSI(2) interesting but never traded it.
My confidence has always been elsewhere as I am much more familiar with what I have been studying over the past few years.



EWZuber
1,373 posts
msg #28938
Ignore EWZuber
9/28/2003 5:24:23 PM

jthehut
Slow Stochastics doesn't have all the sharp turns that fast stochastics can produce.
There isn't a lot of difference between Full and Slow Stochastics that I have been able to see. Either is OK for me as long as the same timing is used.
(5,3) for Slow and (5,3,3) for Full.


TheRumpledOne
6,362 posts
msg #28940
Ignore TheRumpledOne
9/29/2003 12:12:55 PM

Ron:

I will continue to use and have faith in RSI(2). I can tell from your posts you are just a "cage rattler". Don't expect responses from me in the future.

EWZuber:

Thanks for sharing your settings.

MAY YOUR FILLS BE COMPLETE.




txtrapper
548 posts
msg #28954
Ignore txtrapper
9/30/2003 9:27:12 AM

Zuber can you explain this please! Using a 2d/5m Prophet.net chart. I got in CCCI @ $2.10 Monday

CCCI between 3-4PM (ET) 09/29/2003 (Monday)

RSI(2) and RSI(7)both are increasing RSI(2) at 60
OBV is turning up from -75
Stochastics 5,3 Slow, the blue line crossed below the red and both are heading down.

I have been trying to hold longer and increase profits using RSI(2) and L/R, but what is Stochastics saying in this case. Sell? I'm sure the transaction will be completed by the time you read this, but what is Slow Stochastics 5,3 saying in this case?

tx





EWZuber
1,373 posts
msg #28962
Ignore EWZuber
10/1/2003 1:30:30 AM

txtrapper
Support is at the 50 DMA @ about $2.
An entry as close to this as possible would have been the safest.
At $2.21 its about 10% above support so it's too far down to hold.
The main problem is that you have to figure that the stock will test support at the bottom of this cycle.
If the position is further from support than you are willing to hold on to, then the position will have to be closed at a loss.
With stocks like this I like to close positions as soon as trendline support is broken.
They are too volatile to try and hold on to if they break trendline support. As soon as trendline support is broken you start the gamble. This is when you quit weighting the trade in your favor with TA and cast your fate to the wind.
( Using Candlestick charts ) Draw a trendline from the high at the open on Monday morning at 12:35 @ $2.30 across the highs to 1:10 @ $2.13
Here is where trendline resistance is broken and the position is taken. There was several 5 min. periods where CCCI traded between $2.13 ~ $2.15.
Supporting trendline is drawn from the bottom of the candlestick at 1:55 @ $2.10 across the bottom to the bottom of the candlestick at 3:45 @ $2.30.
This trendline is broken during the next 5 min. candlestick @ $2.28.
Draw a flat horizontal line to the right of where the trendline is broken and when the price drops below this level I consider the trendline violated. Thats +4.6%

The fact that today there were several 5 minute periods that did not trade at all makes TA even more difficult. Since TA is derived from price/volume/time data, no TA is produced when the stock doesn't trade.
I would have to defer then to where solid data is available.
On hourly charts at 2:30 today trendline resistance was broken at $2.01 and the hourly stochastics had a fast line cross above the slow line. This would be a buy signal for today ( IMO, the right place ). Also note thats just 1C above the 50 DMA.
Now draw a new supporting trendline and hold in the short term till it is broken or until the 50 DMA is violated or the low @ $1.95 is violated. The exit depends on your tolerance for pain.
Thats about ( -3% max) not too bad.

The low volume on this one would keep me away though cause it's tough enough when the indicators are clear.
This is just my humble opinion. ( JMHO )


TheRumpledOne
6,362 posts
msg #28973
Ignore TheRumpledOne
10/1/2003 5:54:48 PM

EWZuber:

I know how you feel about email but I have a few charts using your Stochastics and RSI(2) I would like to share with you.

therumpledone@yahoo.com


txtrapper
548 posts
msg #28983
Ignore txtrapper
10/1/2003 11:18:55 PM

Thanks Zuber, now I see the Stochastics 5,3 crossover using hourly charts. You have been most helpful.

tx


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