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General Discussion · RSI Bottom Failure Swing
holygrail
msg #27481
7/20/2003 5:11:03 PM

FOR THE RECORD THIS IS NOT HOLYGRAIL. THIS IS HIS TRADING BUDDY.
FOR THE RECORD THIS IS NOT HOLYGRAIL. THIS IS HIS TRADING BUDDY.
FOR THE RECORD THIS IS NOT HOLYGRAIL. THIS IS HIS TRADING BUDDY.

I understand POSITIVE DIVERGENCE...

You want stocks where a LOWER LOW PRICE has an RSI HIGHER THAN the previous RSI LOW.

Once again, I think you want to buy the stocks at THIS POINT IN TIME, not after they go up, but then again, I could be wrong.

FOR THE RECORD THIS IS NOT HOLYGRAIL. THIS IS HIS TRADING BUDDY.
FOR THE RECORD THIS IS NOT HOLYGRAIL. THIS IS HIS TRADING BUDDY.
FOR THE RECORD THIS IS NOT HOLYGRAIL. THIS IS HIS TRADING BUDDY.






General Discussion · RSI Bottom Failure Swing
holygrail
msg #27473
7/20/2003 3:05:50 PM

FOR THE RECORD THIS IS NOT HOLYGRAIL. THIS IS HIS TRADING BUDDY.

You have an ERROR in your premiss.

"I am trying to create a filter for an RSI bottom failure swing, but am not having success. A bottom failure is when the price makes a new low and the RSI is in a downtrend (under 30) but fails to set a new low, and then the RSI proceeds to exceed a previous peak."


If the price today sets a new low then the rsi will NOT be PROCEEDING to exceed a previous peak today! See the problem?

You need to simplify.

Do you want stocks when the close is a new LOW and the RSI is not as low as before?

I don't think you want the stocks AFTER the RSI has exceeding a previous peak because the price has gone up WITHOUT YOU!

I am trying to create a filter for an RSI bottom failure swing, but am not having success. A bottom failure is when the price makes a new low and the RSI is in a downtrend (under 30) but fails to set a new low, and then the RSI proceeds to exceed a previous peak.

Fetcher[show stocks where the price is at a new 5 day low and RSI(14) above the RSI(14) 5 day low]




Filter Exchange · Filters for Shorts: A challenge
holygrail
msg #27472
7/20/2003 2:46:22 PM

FOR THE RECORD THIS IS NOT HOLYGRAIL. THIS IS HIS TRADING BUDDY.

EVEN BETTER and SAFER...

Fetcher[SHOW STOCKS WHERE RSI(2) ABOVE 99 and close above 10.00 and avg vol(10) above 500,000 and volume above 500,000 and 60 day slope of the lri(60) is above 0 and HIGH near TOP linear Regression Line(60)]




Filter Exchange · Filters for Shorts: A challenge
holygrail
msg #27471
7/20/2003 2:41:10 PM

FOR THE RECORD THIS IS NOT HOLY GRAIL. THIS IS HIS TRADING BUDDY.

You want a good SHORT FILTER...

Fetcher[SHOW STOCKS WHERE RSI(2) ABOVE 99 and close above 10.00 and avg vol(10) above 1,000,000 and volume above 1,000,000]






General Discussion · the worlds best intraday setup is
holygrail
msg #27331
7/12/2003 8:33:06 PM

FOR THE RECORD, THIS IS NOT HOLYGRAIL. THIS IS HIS TRADING BUDDY.

HG is in CA. I am in AZ.

Our filters have been posted... use the SEARCH feature.

If you are down only 3%, that's not bad. You can make that up in a day/week/month. Hang in there. Read our posts. Make up your mind... are you a daytrader, a swing trader or an investor. Make a plan. Stick to it.

FOR THE RECORD, THIS IS NOT HOLYGRAIL. THIS IS HIS TRADING BUDDY.




General Discussion · Noah's Theory Redone
holygrail
msg #27296
7/10/2003 9:22:13 AM

For the record, this is NOT Holygrail. I am his trading buddy.

It would be nice if STOCKFETCHER had an IGNORE filter (similiar to Yahoo!) so one could ignore certain users' posts.


General Discussion · Noah's Theory Redone
holygrail
msg #27278
7/8/2003 11:26:59 PM

For the record, this is NOT Holygrail. This is his trading buddy.

=====================================

TRADING THEORY - as of June 2, 2003

=====================================

As I see it, there are to parts to making money in the stock market

1) Stock selection

2) Trading tactics

I believe trading tactics are more important... it is NOT what stock you trade, but how you trade it.

However, selecting stocks that have a higher probabilty of going up than down definitely will give you an edge.

By selecting stocks that have bottomed on the RSI(2) on the daily chart, then have had OPEN = CLOSE (or close to it), and finally had the RSI(2) cross above the RSI(3), you get that edge.

Daytrading vs. Swing Trading

Some people can't sit in front of the monitor and trade stocks all day. Some don't want to. But a few of us stock nuts do.

For those who can't or don't, our swing trading tactics allow you to profit on a daily and/or short term basis.

If you can't sleep if you own stocks, worried that the sky will fall before you can sell, then you simple buy the stocks at the open and sell them at the close. For those who want to ride the stocks up as long as it last, you buy the stocks at the open and set a stop loss at 70% - 85% of the price you paid. That's a potential 30% loss you might say! However, since our list has selected stocks that have bottomed out, we reduce the probality that a 30% loss will occur. At the end of the day, you modify your stop to 85% - 95% of the high of the day remembering that you never move a stop down only up. So, if day three's high is lower than day two's high, you leave the stop alone.

By buying equal dollar amounts of the entire list, you give yourself another edge, you will reap the benefits of each stock that pops that day. It seems like one, two or more stocks have 10% or better gains the first day they appear on the list. Just think about it. If there were five stocks on the list and 4 of them broke even but one went up 20%, you will easily make your 2% daily goal.

For the record, this is NOT Holygrail. This is his trading buddy.




General Discussion · I'm so mad!
holygrail
msg #27277
7/8/2003 11:19:42 PM

For the record, this is NOT Holygrail. I am his trading buddy.

===============
FEAR
===============

I have been telling people to FORGET EVERYTHING THEY KNOW.

Today, I realized I left out the most important part....

FORGET EVERYTHING YOU DO NOT KNOW!

What you don't know is what is going to happen next... ANYTHING CAN HAPPEN!

When you let what you don't know influence your buying/selling, this causes you to hesitate. FEAR takes over!

FEAR is what is keeping you from SELLING when you need to sell and BUYING when you need to buy...

Fear has been defined as False Expectations Appearing Real.

Have you ever said:

"Everytime I sell it goes up"

"Everytime I buy it goes down"

"I am always on the wrong side of the trade"

I know I have.

It took me almost a year to find out why the above statements appeared to be true. One friend said to "find the pattern".

I looked and looked. It wasn't until I was taught the value of LINEAR REGRESSION by another friend that I found the answer.

One judgement error usually produces another...

1) Enter stock at "wrong time" too close to upper Bollinger band and/or Upper Lin Reg...

2) Fail to place stop loss immediately after entry.

So, first a judgement error (rule breaking) and a trading execution error (another rule break)

And the stock goes down just like the chart says it will.

This reinforces what you think you know (everytime I buy....)

You refuse to sell the stock because EVERY TIME I SELL IT GOES UP. FEAR has you by the you know what!!

So you wait... and it continues to go down.... days go by.

FINALLY YOU CAN'T TAKE IT ANYMORE SO YOU SELL.

3) Fail to do what the chart tells you to do.

Of course the stock goes up because... EVERYTIME I SELL IT GOES UP.

Wrong, the stock went up because it was probably near the lower Bollinger band and/or lower Lin Reg and you should have been buying!

YOU HAVE TO TRUST YOUR TRADING TOOLS AND TACTICS

=======================================================================

For the record, this is NOT Holygrail. I am his trading buddy.


Filter Exchange · I NEED A FILTER THAT CAN TELL ME THE FUTURE!!!
holygrail
msg #27248
7/7/2003 8:38:17 AM

rsi(2) below 1 and close above 0.09 and Average Volume(10) is above 50000

That will catch 90% or more.

For the record, this is NOT Holygrail. I am his trading buddy.




Filter Exchange · Idea for backtesting
holygrail
msg #27238
7/6/2003 3:17:18 PM

For the record, this is NOT Holygrail. I am his trading buddy.

I made an addition to Muddy's BB filter (works on any filter) that allows you to see how much you could have made had you traded the stocks from the filter. The way the Stockfetcher backtest works, the close or last price is used to calculate performance. This is only partially accurate especially if you are a daytrader.

What I wanted to see was the High - Close to see if there was a potential to make/take profit.

Check this out...

Fetcher[set{x,high - open} set{y,x / open} set{ppct,100 * y}
SHOW STOCKS WHERE CLOSE HAS BEEN DECREASING OVER THE LAST 3 DAYS AND AVERAGE VOLUME(90)IS ABOVE 100,000 AND CLOSE PRICE IS BETWEEN 1 AND 10 AND PRICE TOUCHED LOWER BOLLINGER BAND(20)
and add column x
and add column ppct
]



Now when you run a back test you can download the results and use EXCEL to calculate totals. (Hey Stockfetcher, how about calculating totals?)

Also, if you know you trade 1,000 shares, you can multiply X by 1000 to get profit dollars.

I hope this is of some use.

For the record, this is NOT Holygrail. I am his trading buddy.



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