StockFetcher Forums · General Discussion · holy grail or his trading buddy i have a question<< 1 2 3 >>Post Follow-up
eyoung
42 posts
msg #27885
Ignore eyoung
8/17/2003 1:42:13 AM

rump, i have read what rsi is it makes sense however, do me a favor read my post on 8/15 at 12:28 am and want to understand about charts.
thanks eyoung


bigjake842
6 posts
msg #27887
Ignore bigjake842
8/17/2003 10:07:20 AM

Bravo, Bert. Your post alludes to precisely what I'd thanked RumpledOne for: another 'tool' to add to my kit. As you mention, one develops a 'sense' for the market over time (I hope so, anyway), and that 'sense' is in turn complemented by a thorough knowledge of different trading methods and tools. It'd be foolhardy to blindly rely on any one 'trading system' without bothering to consider the broad market, sector, industry, or stock; and even the best trader in the world will make unprofitable trades. The key, as so many newbies don't often realize, is to learn the nuances of charting and analysis, then to work at making each trade as text-book perfect as possible. There can be no 'perfect' trading system, in my belief; were there such a thing, the market would quickly discount its predictive properties as more and more people learned of the technique and began to use it--the old 'efficient market hypothesis' which, while not completely true all the time, does tend to hold up in this case, I think.

Anyhow, enough wordiness. Thanks again for a brilliant post; I have to agree the military experience helps. I was 'active' for eight years, 'reserves' for another eight, and I'd say that the mindset the military life induces is very helpful in trading discipline!

Thanks Bert, HG and RumpledOne.


TheRumpledOne
6,358 posts
msg #28169
Ignore TheRumpledOne
8/31/2003 2:09:10 AM

Beware the man who has only one gun - he practices with it!

All I need is one stock to make money.

All I need is one trading system to make money.

All I need is to apply money management techniques to whatever stock I buy, no matter what trading system.

http://www.optionetics.com/articles/article_full.asp?idNo=8558





TheRumpledOne
6,358 posts
msg #36063
Ignore TheRumpledOne
5/21/2005 1:28:38 AM

Did RSI(2) help you make money trading Home Depot?


as214
184 posts
msg #36064
Ignore as214
5/21/2005 11:59:27 AM

Rumpled One,

TheRSI that you discuss on here is it Wilder RSI which is the same as Smoothed RSI or is it just RSI.. Thanks


TheRumpledOne
6,358 posts
msg #36067
Ignore TheRumpledOne
5/21/2005 5:44:00 PM

RSI(2).

stockfetcher 8/28/2002 8:37:20 AM



Relative Strength Indicator (RSI)

Parameters Period

Usage RSI(days)
Smoothed RSI(days)

Description Developed by J.Welles Wilder in 1978, the RSI is an oscillator which is used to track the momentum of the stock price. Unlike other relative strength measures, the RSI compares the price of the stock relative to the actual stock, not against other stocks or indices. The basic premise of the RSI is that an advancing stock will trend close the high of the day, while a declining stock will trend toward the low.
Common intreprations of the RSI use values below 30 as "buy" signals and values above "70" as sell, or overbought signals.

The smoothed RSI is a variation where a smoothing or slowing factor is applied to the RSI removing some of the "jaggedness" of the original signal.




StockFetcher Forums · General Discussion · holy grail or his trading buddy i have a question<< 1 2 3 >>Post Follow-up

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