jimhsu
14 posts
msg #29146
- Ignore jimhsu |
10/7/2003 9:08:19 PM
This performed better than I expected. Anyone care to test/refine this?
RSI(5) 3 days ago > 75
RSI(2) 3 days ago > 95
and Volume 3 days ago > 250% above Average Volume(50)
Price > 1
Volume > 50000
Price has been decreasing for the last 2 days
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mika
131 posts
msg #29149
- Ignore mika |
10/7/2003 10:02:21 PM
RWAV
Would you go short or long? :)
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jimhsu
14 posts
msg #29150
- Ignore jimhsu |
10/7/2003 10:10:03 PM
I would.. wait. Until it either pulls back or breaks out.
Sometimes waiting is the best trading strategy.
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risjr
230 posts
msg #29151
- Ignore risjr |
10/7/2003 10:24:39 PM
Yes, but overall, is your approach to go long or short with the filter?
Thanks in advance
Ron
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mika
131 posts
msg #29152
- Ignore mika |
10/7/2003 10:28:51 PM
The breakout already occurred. ;) And a nice "hammer" was planted on the 30th. It is now waiting for you input.
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jimhsu
14 posts
msg #29156
- Ignore jimhsu |
10/7/2003 11:28:59 PM
For the filter ... long. Well, thats a definition of a pullback. :)
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jimhsu
14 posts
msg #29157
- Ignore jimhsu |
10/7/2003 11:29:57 PM
But of course, i need to tweak the filter a bit so that it filters out higher-probability events... any idea how to do that without getting "0 hits" all the time?
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