xplorer
257 posts
msg #27824
- Ignore xplorer |
8/13/2003 11:29:49 PM
After reading a few posts it is clear that Rumpled One and Joe and others see the how great the simple RS(2) is for results .... Thanks for sharing ! I think HolyGrail should be given the thanks as he was the originator of using this tool in this capacity.
I looked at this idea and tried a little tweek ... very interesting !
Stock
(I put in the "and offset 0 days" to make it easier to do a little back testing ... change the "0" to any number of days ! ... or you may want to play with the price or volume to meet you style ...)
Fare well !!!
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TheRumpledOne
6,411 posts
msg #27828
- Ignore TheRumpledOne |
8/14/2003 1:04:56 AM
Remember, HolyGrail and I are trading partners.
Holygrail taught me about RSI(2) last year. I was introduced to StockFetcher this year and I introduced SF to HG. I am the computer programmer, HG is not. Together, HG and I develop filters. Trust me, we spend hours and hours every week. HG is a mad genuis!
HolyGrail has been given credit where credit is do. Just check all of the posts. The important thing is that HG and I make profitable trades.
It's funny because HG seemed to rub some SFers the wrong way with his first few posts. You guys begged for the filters. I was the one that provided you with readable material regarding the filters, tactics, rules, strategies, etc... I answered your questions. It's all there. Just review the posts.
HG and I have shared enough to make SF users rich. But it is up to you to make it work for you.
If people think they can just run a filter, buy the stocks and win everytime then they will be disappointed. You have to TRADE.
It is sad that some people have to argue, fuss, fight, etc... but that's just the nature of mankind. Some would rather compete than cooperate. Some would rather divide people than join. Some would rather destroy than build. When you get a large enough crowd, a Joe G. will always be "born".
GOOD LUCK WITH YOUR FILTERS AND TRADES.
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happy_as_a_lark
9 posts
msg #27832
- Ignore happy_as_a_lark |
8/14/2003 10:47:26 AM
TheRumpledOne and others,
Thanks for your contribution. I am a newbie. I am sorry if this has already been discussed specifically in the previous forum, but I am wondering about the exit signals with RSI(2) and other signals. How do you decide when to sell- is it based on annualized rate of return, chart reading or mechanical sell signals just like buy signals?
Thanks in advance.
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TheRumpledOne
6,411 posts
msg #27834
- Ignore TheRumpledOne |
8/14/2003 11:47:06 AM
Exit...
Read the MONEY MANAGEMENT POST.
Learn all you can.
Then you won't have to ask about exit.
There is no way to tell you when to exit. You have to figure that one out. What works for one may/may not work for another.
MAY THE TRADE BE WITH YOU.
p.s. buy low, sell high with RSI(2)
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risjr
229 posts
msg #27835
- Ignore risjr |
8/14/2003 12:00:55 PM
Hey Happy as .....
Recommend using prophet.net, using exp ma(9) over exp(18). These picks are usually good for 3 days, potentially more. Enter with the hourly trends, but also check the daily and weekly trends. If in sync, you mite have a rocket. Usually if you get 5-10%, flat, in relation to the purchase price, Wheter it's 3day, 5day etc, RING THE CASH REGISTER. I take 50% of the gain right away, and lock in a prophet
If you got more upside potential, you still have more $$$, but it's up to you!!
Whatever you do, don't give it back it back
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bigjake842
6 posts
msg #27838
- Ignore bigjake842 |
8/14/2003 2:54:30 PM
RumpledOne:
Thanks for your posts and HG's; I've been trading for several years and have learned, over time, much of the 'art' of doing so successfully. That said, the filters you two have developed are extremely powerful as additional 'weapons in the arsenal' I use in prospecting for and execute good trades.
I'd only add as a suggestion to other traders that, as you say, a 'filter' by itself does not a good trade make. As one trader/author put it, plan and execute each and every trade to be the best, most 'textbook'-perfect trade you can possibly make it. Determine in advance what your own trading style and rules will be, and learn the components of truly 'great' trades--of which a good prospecting tool is but one part, albeit a very important part!
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JoeGrossinger
165 posts
msg #27842
- Ignore JoeGrossinger |
8/14/2003 7:11:04 PM
There is nothing startling or magical about any of this and you can do it in several ways. It does not take a computer programmer or genius investor to find a beaten down dog that is showing some signs of life.
You can do it this was as well.
Show stocks where RSI(15)reached a new 1 year low 2 days ago
and close > close 1 day ago
and Average Volume(90) is above 50000
and close is between 1 and 5.0
and date offset is 0
Good idea about using a date offset of 0!
The theory behind all of these is to buy a dog because it's fallen a lot and chances are it won't fall much further. Nothing could be further from the truth.
They always can and do set new lows.
You could change the first line to
Show stocks where close reached a new 1 year low 2 days ago
and get pretty much the same thing.
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md11av8or
7 posts
msg #33817
- Ignore md11av8or |
11/6/2004 8:34:37 PM
As a newbie, can you expand and your RSI(2) hypothesis ??
Thanks in advance.
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wallman
299 posts
msg #33818
- Ignore wallman |
11/6/2004 8:59:04 PM
md11,go to ... www.groups.yahoo.com/group/stockfetcher ,all you want to know about RSI2 is in the "files"
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TheRumpledOne
6,411 posts
msg #33889
- Ignore TheRumpledOne |
11/12/2004 12:07:38 AM
There really is nothing to expand.
This is simple. It works.
EVOL appears on the list. If it doesn't fall below the previous day's close, then load the boat. If it does, then wait for the next day.
MAY ALL YOUR FILLS BE COMPLETE.
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