klynn55
747 posts
msg #60321
- Ignore klynn55 |
3/9/2008 9:09:03 PM
TRO : you wrote:
I noticed when RIMM's rsi(2) is below 25 it usually POPS back the next day.
i took a look at rimm and its RSI2 from 2/29/08 to around 10/3/ 07 , its POP the next day when rsi2 is below 25 is no sure thing , i didnt include a few losers, but
i got around 12 up days and 7 down days. Maybe , you could be more specific, sort of like niko, he who teaches and shows examples. Nothing is worthy unless it's done with an example or two. thank you
kerry
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chip
67 posts
msg #60344
- Ignore chip |
3/10/2008 1:22:23 PM
klynn,
TRO is a GREAT teacher.
His style is very eastern and that works for me. Maybe you think he doesn't teach simply because this style doesn't wortk well for you? Western teaching doesn't work as well for me.
The things he has taught me put dollars in my account everyday. And what he taught me about this filter (and all of the filters) is that you have to trade it.
There are no sure things. AAMOF, TRO didn't say it was a sure thing -- he said it 'usually' pops the next day. And it usually does.
TRO is also extremely generous, especially with his time (something he can never earn back).
You stack the odds in your favor, with a filter like this, and then you trade it. Without TRO, well ... I don't even want to think about what my trading was like before TRO.
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klynn55
747 posts
msg #60352
- Ignore klynn55 |
3/10/2008 10:23:47 PM
Chip: if you are going to inform, then do it correctly, Chip, go through RIMM and its rsi2, you will see that it does not usually POP to the top when below 25, at least for the last year. take the time as i did. All im asking if you wish to take the time to inform, do it right. Let's face it most here are looking for the way, why else spend the money and the time here!
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cmeade2
9 posts
msg #60388
- Ignore cmeade2 |
3/11/2008 2:21:46 PM
Here's a variant on the above idea. The filter below assembles the statistics of "pop's" when rsi(2) declines to a specific level. You choose the level of the pop and the rsi(2) level to find the stocks with the best statistics (number of pops compared to the number of times rsi(2) declines).
Using values of rsi(2) = 10 and a pop level of 3%, mtl has a 100% percent success rate.
Using rsi(2) =25 and 3% pop, rimm has only a 39% success rate.
Filter below
set {HiOp, high - open }
set {hiopc, hiop/open}
set {hi100, hiopc*100}
set {rs21, rsi(2) 1 day ago}
/*set the level of the open to high "pop" in the next line*/
set {hicount, count(hi100 above 3,1)}
/*set the level of rsi(2) to trigger the pop on the next line*/
set {rscount, count(rs21 below 10,1)}
set {ctot, hicount+rscount}
set {popcount, count(ctot above 1,100)}
set {rs100, count(rscount above 0,100)}
set {successratio, popcount/rs100}
find stocks where close above 10
average volume(30) above 1000000
and market is not otcbb
and popcount above 4
add column popcount
add column rs100
add column successratio
add column Hi100
add column rsi(2)
sort by column 7 descending
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chetron
2,817 posts
msg #60391
- Ignore chetron
modified |
3/11/2008 2:47:56 PM
CLICKABLE...
I AM NOT TRYING TO TEACH, JUST SHARING HERE.
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contrahawk
68 posts
msg #60393
- Ignore contrahawk
modified |
3/11/2008 3:22:14 PM
I keep stats on RIMM. I am not conversant with this filter of The Rumpled One's.
Here are some facts about RIMM:
Since 11-21-2005, there have been 137 days where RIMM has closed with RSI(2) equal to or less than 25.
On 123 of those occasions, RIMM made an intraday high the following day that was above that [prior day's] close. This is 90%.
The average amount by which that high exceeded the [prior day's] close was $2.73.
Can you make any money knowing this?
Jim
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welliott111
98 posts
msg #60395
- Ignore welliott111 |
3/11/2008 3:51:35 PM
cmeade2
Many thanks for for sharing your filter. I've been attempting something similar to this for a while now. I foresee this being a huge weapon in many arsenals. Thanks again dude !!!
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klynn55
747 posts
msg #60399
- Ignore klynn55 |
3/11/2008 5:09:02 PM
Con: did you say intraday, i thought the filter was for EOD, was that inferred or explained somewhere? thats a hell of an inference! Does stockfetcher use intraday data?
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contrahawk
68 posts
msg #60403
- Ignore contrahawk |
3/11/2008 10:05:43 PM
I said "intraday". . . .I also said that I had no familiarity with the filter written by The Rumpled One. . . .I note, though, that HE says it provides the day trader and short swing trader with an edge. . . .any time one has OHLC data, two of those are intraday.
Jim
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klynn55
747 posts
msg #60407
- Ignore klynn55 |
3/12/2008 10:07:19 AM
Here are some facts about RIMM:
Since 11-21-2005, there have been 137 days where RIMM has closed with RSI(2) equal to or less than 25.
On 123 of those occasions, RIMM made an intraday high the following day that was above that [prior day's] close. This is 90%.
The average amount by which that high exceeded the [prior day's] close was $2.73.
Contra; how about posting that scan/ filter, see how easy it is to be appreciated, all you have to do is be lucid.
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