deejal
45 posts
msg #45310
- Ignore deejal |
6/27/2006 12:25:08 AM
I have tried most of the short filters here and none seem to be worth much. So I have been playing around and have tried to create one here and there but can't seem to get anything to really light my fire.
I have put this together so far... but it keeps bringing up uptrending stocks... which is fine if they channel...like OMN.
Show stocks where RSI(14) crossed below 80
and RSI(14) 1 day ago was above 80
add column rsi (14)
add column exchange
and close is between 5 and 40
and average volume(30) is above 50000
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traderblues
195 posts
msg #45317
- Ignore traderblues |
6/27/2006 8:34:49 AM
deejal,
Try this one:
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cello13
88 posts
msg #45351
- Ignore cello13
modified |
6/28/2006 3:17:41 PM
How about this one?
Please be careful! This filter is an adaption of Riggs 5 % filter for uptrending markets. I changed the parameters for shorting stocks. It works best, if you use it in downtrending markets. It won't work well in uptrending markets. Have a look through with different offset dates (especially, when the market went down...). For a description, read Riggs posting :THE MIGHTY RIGGS HAS DONE IT AGAIN PART I and THE ONE & ONLY DOMINATOR! THE NEW DMA(28,-14)
I hope, it'll work for you. Good luck!
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WALLSTREETGENIUS
983 posts
msg #45421
- Ignore WALLSTREETGENIUS
modified |
7/2/2006 12:48:48 AM
Deejal -
I've been waiting for the RIGHT market to post this filter. No need to "be careful" of this one.....look for the stocks that are "touching" the upper Bollinger Bands(20), and make sure MA(20)is NOT rising, but traveling HORIZONAL well BELOW price. Make sure DMA(28,-14)is also well below price. But the main ingredient here is the BB & MA(20). When that MA(20)isn't following price, it's telling you a new cycle is about to begin. The confirmation is the falling MACD-H(4,8). When that falls, with a dark candle at the top of BB, "GET YOUR SHORTS ON!" as TheRumpledOne says. Also, a falling MACD Fast line above "0", is another hint that the fun is about to be over. Too many times traders follow the Histogram bars, but fail to watch the "fast line" movement along with negative divergence in the "Histogram bars." Then, make sure price is near upper BB on your HOURLY chart. You want to place your "sell short" market order, while price is going UP on that hourly chart. That will assure you of an "up-tick rule" fill. Market makers HATE precise traders, so look for daily set-ups, and enter with price moving up on hourly charts, to beat the "Makers" at their own game! You're "shorting" fills will never be the same.....
**** RIGGS "SHORTING" FILTER ****
PS- One other important factor I failed to mention....are GAPS! Watch out for these below. They serve as support in uptrends. Look at (THX). Price is falling, but it's forming a bullish "rising three method", because of the bullish "side-by-side white lines" below. Like "Tails," always trade in the direction of "gaps" or "windows."
- WALLSTREETGENIUS -
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cello13
88 posts
msg #45440
- Ignore cello13 |
7/3/2006 9:56:46 AM
WSG...
Still surprising me ;-)) Could you have a look at my question in the "Histogramm Magic"-Thread, please? I'd be grateful..
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WALLSTREETGENIUS
983 posts
msg #45441
- Ignore WALLSTREETGENIUS |
7/3/2006 1:48:42 PM
"Still surprising me ;-)) Could you have a look at my question in the "Histogramm Magic"-Thread, please? I'd be grateful.."
______________________
Cello13, check your mailbox.....
Rick.
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