TheRumpledOne
6,529 posts
msg #35307
- Ignore TheRumpledOne |
3/9/2005 8:03:12 PM
If anyone saw ABLE.. they know the power of rsi(2)!
Try it on a 60 minute chart, you'll like it!
www.prophet.net has all you need.
MAY ALL YOUR FILLS BE COMPLETE.
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marine2
963 posts
msg #35318
- Ignore marine2 |
3/10/2005 11:03:58 PM
I have your formula: "show stocks RSI(2) < 1]" in one of my present filters and went back to the time ABLE went up and didn't see a green arrow? So just using that verbiage didn't catch this one on time. Wondering what programmed verbiage you used to catch it on time before it popped upwards?
This company that you picked out granted it did pop up very very nicely but out of the percentage of the ones your filter is screening as possible buys how many really do what this one does? I can say not very many at all. This was a unique and rare occurance and you of course loved to show us this was picked by your filter. Well if it did then show us your filters ingrediants that told us it was time to buy. No need to just tell us to go over to your web site and find out. We want you to show us your filter here in our web site "Stockfetcher" it's time to show us your walk and not all talk.
Kindly awaiting your response. Thank you!
Marine2
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TheRumpledOne
6,529 posts
msg #35346
- Ignore TheRumpledOne |
3/14/2005 10:15:08 AM
Marine...
I will let RSI(2) speak for itself.. it already read has... LOUDLY!
MAY ALL YOUR FILLS BE COMPLETE.
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marine2
963 posts
msg #35355
- Ignore marine2 |
3/14/2005 10:39:47 PM
TheRumpledOne, :) you still didn't answer my question but it's ok. I know your secret formula will remain locked within yourself for perhaps forever. It's all good though because you do show many of the forum members that filters in here work and work well. Just have to go find the right one that fits your style of investing.
And may you also have a wonderful time in the investing world!
Marine2
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TheRumpledOne
6,529 posts
msg #35356
- Ignore TheRumpledOne |
3/14/2005 11:37:45 PM
Marine:
You are looking in the "wrong" place.
Filters are a STARTING POINT... NOT AN END.
You must master TRADING.
It's not what stock you trade, it's HOW YOU TRADE IT.
There is no magic filter that will give stocks to buy and they all go up (except maybe my secret one...lol). Even if there was one, you would still have to SELL FOR A PROFIT BEFORE THE MARKET TAKES IT ALL BACK.
There's a filter you can use to find UPTRENDING stocks at their rsi(2) 200 day low. If you find one that shows a pattern of bottoming and running back up, LOAD THE BOAT AND TRADE IT FOR PROFIT.
SIGM is on the list. I have never traded SIGM and I don't know what they do.
What the 3 month/daily chart show me is that there is money to be made with SIGM.
Safe play is to wait for SIGM to close above its daily ema(5) and then load the boat.. TAKE PROFIT before the market takes it back. If you buy 1000 shares and show a nice profit.. sell 1/2 and let the rest ride... use a breakeven stop... then you make money no matter what happens next.
THIS IS SIMPLE... DO NOT COMPLICATE IT.... LESSON OVER.
MAY ALL YOUR FILLS BE COMPLETE.
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judgetrade
107 posts
msg #35364
- Ignore judgetrade |
3/15/2005 5:42:34 PM
I never learned so much in such a short time frame reading this subject!
Thank you!
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marine2
963 posts
msg #35365
- Ignore marine2 |
3/15/2005 8:48:16 PM
TheRumpledOne, your response is finally what I was looking for. And that was substance. Thank you for giving us your indepth view of investing.
Happy investing!
Marine2
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knowsenough
54 posts
msg #35366
- Ignore knowsenough |
3/15/2005 11:12:48 PM
A screen using RSI(2)?
What are you going to find using a 2 day period indicator with a 200 day low range? It's value in your scan is 3% using view results by component so it's really returning nothing. Most key indicators when used correctly in a screen line dominate the screens returns as they were intended to with a high % of say 80+%. RSI(2) is an intraday scalping tool when you've already taken a position and useless in a screen as a hunting aid for new entries. JMHO
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marine2
963 posts
msg #35367
- Ignore marine2 |
3/15/2005 11:49:26 PM
TheRumpledOne, ok your up to bat!
Marine2
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TheRumpledOne
6,529 posts
msg #35369
- Ignore TheRumpledOne |
3/16/2005 12:13:37 AM
Marine2... you're cracking me up!
I am not up to bat. I know what RSI(2) does. Some people learn from books, follow the crowd and get what the crowd gets. Others, blaze new trails, turn a deaf ear to the herd, and reap huge rewards. THE CHOICE IS YOURS!
SIGM.. too funny, had earnings today... NEVER load up the day of earnings unless you have friends on the inside... and that's against the law! SIGM up 2.7% in after hours... once again, RSI(2)!
MAGS RSI(2) 3 days ago was 2.83 at $10.31 close. Today, MAGS closed at $12.22.
Care to compute the percent gain?
Your mission, if you accept this assignment, is to find an uptrending stock that did NOT make money after hitting its RSI(2) 200 day low. You'll find a needle in a haystack much quicker..lol
MAY ALL YOUR FILLS BE COMPLETE!
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