marine2
963 posts
msg #35373
- Ignore marine2 |
3/16/2005 8:44:14 PM
TheRumpledOne, I was just alerting you to someone that has just shot at your ships bow aiming to sink it. Was wondering if you were going to respond to his negative comment.
You did respond in a general statement attesting to your filtering tools remarkable past achievements, and current achievements. With examples no-less. You do give many of us grand hopes for doing better things in here and we appreciate it.
Carry-on!
Marine2
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dwiggains
448 posts
msg #35377
- Ignore dwiggains |
3/17/2005 12:06:16 PM
TheRumpledOne -- your RSI (2) work has been very good. I have been reading all of your material for several months. I have been working with your last comment of finding a stock that did not make money in an uptrending stock after hitting its RSI (2) 200 day low. I have been using 30 to 200 day slope of the close > 0 and cannot seem to get it to work. I need a little more help.
Thanks
David
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TheRumpledOne
6,529 posts
msg #35383
- Ignore TheRumpledOne |
3/17/2005 11:44:27 PM
dwiggains 3/17/2005 12:06:16 PM
TheRumpledOne -- your RSI (2) work has been very good. I have been reading all of your material for several months. I have been working with your last comment of finding a stock that did not make money in an uptrending stock after hitting its RSI (2) 200 day low. I have been using 30 to 200 day slope of the close > 0 and cannot seem to get it to work. I need a little more help.
Thanks
David
David, that's the point..... you're not going to find one easily!
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TheRumpledOne
6,529 posts
msg #35384
- Ignore TheRumpledOne |
3/17/2005 11:46:09 PM
Fellow traders take at least half the time you're spending on filter writing and tweaking and use that time to study TRADING and MONEY MANAGEMENT!
IT'S NOT WHAT STOCK YOU TRADE, IT'S HOW YOU TRADE IT!
MAY ALL YOUR FILLS BE COMPLETE.
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knowsenough
54 posts
msg #35387
- Ignore knowsenough |
3/18/2005 8:40:32 AM
Shot across the bow...up to bat...
Marine you do have a great sense of humor and to clarify any ruffled feathers, in every instance of stock examples presented, there were other factors at work that truely caused the move. If RSI(2) 200 day low works for you...great. I'd rather not have to focus on 20+ returns from a scan to find the one single gainer. Much easier to script to a return list of 5 that are truely at inflection point from an alignment of more than one single indicator. Good Luck to you. And to the contrary...who follows the herd? LOL
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acervapsych
39 posts
msg #35399
- Ignore acervapsych |
3/19/2005 1:45:24 PM
I was introduced to RSI(2) about two years ago from reading Rumple one posting. So far I been trading RSI(2) ever since. Look at Staples (SPLS) Touched liner regression 3,6, and 1 year chart (http://www.prophet.net).. Had a low RSI(2). I loaded the boat and made some money. It is a very simple concept. The bottom line is money management. Know how much risk you are willing to take and wait for green. Set your stop very tight and take all the money you can.
Thanks Rumple for introducing RSI(2) to me two years ago….
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roca1018
163 posts
msg #35400
- Ignore roca1018 |
3/20/2005 8:18:36 AM
Rumpled One,
I backtested the filter between 1 and 30 days. While some did advance the overall numbers make the needle in the haystack claim dubiuos. If the scan
generates 20 picks, how is one to determine how to pare the list?
Regards,
Rich
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judgetrade
107 posts
msg #35401
- Ignore judgetrade |
3/20/2005 3:41:50 PM
Hi, I have backtestet the following screen and I have never seen better results by just buying all the stocks that match and hold for 4 Days:
show stocks where count(RSI(2) 1 day ago above 99,60)
is above 0 and RSI(2) is below 5 and average volume(10)
above 50000 and CLOSE ABOVE .20 and close
more than 10% below close 1 day ago
A lot in the performance measures are due to positive gaps from the evening the screen runs and the next morning, which I would like to catch!
What I would like to be able to do is run this screen realtime or neartime (15 min before close!). Is there a possibility to do this?
Thank you
Andreas
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TheRumpledOne
6,529 posts
msg #35402
- Ignore TheRumpledOne |
3/20/2005 11:35:36 PM
Judge...
You can get a real time service like tradestation and use their radar screen and screen for rsi(2) < 1 in real time (I have this).
Or you can use www.prophet.net (free version), set up a watch list, and scroll down a 10 day/60 min chart looking for RED CANDLES and RSI(2) lows... to find the ones that just may pop the next morning (I have this, too).
Remember, trading's a guessing game.... ANYTHING CAN HAPPEN.
MAY ALL YOUR FILLS BE COMPLETE.
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marine2
963 posts
msg #35416
- Ignore marine2 |
3/23/2005 2:10:27 AM
Lol, sounds like a buy-out statement on that one TheRumpledOne. But it's all cool.
Marine2
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