TheRumpledOne
6,529 posts
msg #35487
- Ignore TheRumpledOne |
3/29/2005 8:32:52 AM
Your comment "
rsarno 3/24/2005 10:47:36 PM
when i said that, i meant i have not looked at it enough to decide how i feel.
i have been trying to learn the muddy method exclusively, and it is difficult for me to stray and learn bits and peices of different things, such as RSI(2)
muddy method consists of ONLY fast stoch, i cannot keep switching channels lol.
also i have so much on my plate right now im not even trading muddy method, due to family issues."
IS NOT ACCURATE.
I suggest you go to the muddy method room on yahoo and study.
FINANCE.GROUPS.YAHOO.COM/GROUP/STOCKFETCHER
I am one of the moderators there so I know for sure. The Muddy Method has evolved and has included rsi(2) for over a year.
MAY ALL YOUR FILLS BE COMPLETE.
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bpatel23
4 posts
msg #35521
- Ignore bpatel23 |
4/4/2005 1:41:18 AM
Guys,
will someone just post the RSI(2) filter that the rumpledone has been using and has been successful? I have searched this entire message board and looked at the yahoo site and I am utterly confused as to which exact filter to use and how. Just need a quick explanation here and I am sure you will help a dozen otehr lost souls like myself. Thanks in advance.
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texasjky
1 posts
msg #35524
- Ignore texasjky |
4/4/2005 9:03:14 AM
One that I found was on page 14 of this forum.
Page down to the message on 3/14/2005 at 11:37:45.
That is the filter I have been using. I am new to this also but it looks really promising.
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rsarno
103 posts
msg #35528
- Ignore rsarno |
4/4/2005 5:02:42 PM
"will someone just post the RSI(2) filter that the rumpledone has been using and has been successful?"
i might be wrong, but i think he just uses:
show stocks where RSI(2) < 1
add your own volume/price conditions, and do your own DD.
again i might be wrong, all i know is if you ask him about ANYTHING like "hey did you see that yankee game?" his response is "keep it simple, rsi below 1"
lol!
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knowsenough
54 posts
msg #35529
- Ignore knowsenough |
4/4/2005 10:24:39 PM
It's buried in this thread in one of the earlier pages but I'm certain he and his followers use a better version. Here is the original write...
rsi(2) equals rsi(2) 200 day low
and 200 day slope of the close above 0
and close above 0.01 and Average Volume(10) is above 300000
and volume above 300000
and date offset is 0
A 3 day offset reveals...
Performance results for your filter covering the dates:
Wednesday March 30, 2005 to Monday April 4, 2005
Change Offset 3
Results For Next...
1 Day +1.16% Overall Adv(%) 10 @ (+3.20%) 5 @ (-2.68%) 1 UNCH
2 Days +5.38% Overall Adv(%) 9 @ (+10.31%) 5 @ (-1.36%) 2 UNCH
3 Days +4.01% Overall Adv(%) 7 @ (+12.25%) 9 @ (-2.41%) 0 UNCH
16 matching stocks
I used a 3 day offset because that seems to be it's best % yield recently. Just for fun seeing the sheer volume of posts to this thread showing huge interest, I wrote a new script tonight and used RSI(2) at a 1 month low with 7 lines of TA crap I use and got this...
Performance results for your filter covering the dates:
Wednesday March 30, 2005 to Monday April 4, 2005
Change Offset 3
Results For Next...
1 Day +2.70% Overall Adv(%) 12 @ (+7.93%) 6 @ (-7.29%) 1 UNCH
2 Days +5.68% Overall Adv(%) 11 @ (+11.96%) 6 @ (-3.96%) 2 UNCH
3 Days +8.06% Overall Adv(%) 12 @ (+14.95%) 6 @ (-4.39%) 1 UNCH
19 matching stocks
I guess to be fair though one would need to use the same price range return. I used .20 - 6.38 in the later screen. Had I ran the RSI(2) screen with that limit the % return would be a (2) day best of 5.08%. There is a lot to trading the stocks correctly and I'm sure there is some better returns in the secret screen they use, but it appears to be fine in it's original write and can easily be improved to suit anyone's needs.
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TheRumpledOne
6,529 posts
msg #35530
- Ignore TheRumpledOne |
4/4/2005 11:22:18 PM
There is no "secret" RSI(2) filter...
RSI(2) < 1 is at the core.
Price, volume, or anything else is just up to the individual.
Track the QQQQ with RSI(2) < 1 and you tell me, does it get you in at the bottom?
MAY ALL YOUR FILLS BE COMPLETE.
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corsino
259 posts
msg #35565
- Ignore corsino |
4/10/2005 7:32:45 PM
ONE-WEEK RSI (2) FILTER
Since I had accummulated over two dozen filters gathered from various sources,I needed to thin them out.So I ran a rather unscientific backtest for the last 3 months. Comparing the results for a one-week holding period, and getting a new sample every ten days, for a total of seven samples, up to 8 days ago.This is the filter that performed the best, having 4 up weeks, 2 down weeks,and 1 week with no stocks. Accummulated result was +57.42 %.
No other of my filters came even close.
Show stocks where RSI(2)<1 and
average volume (10) is above 300000 and
close is between 0.5 and 3 and
close more than 10% below close 1 day ago
Reducing the volume to "above 50000" resulted in more picks, but lower percentage gain.
This was a purely mechanical comparison,using all the stocks from the scans.
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TheRumpledOne
6,529 posts
msg #35634
- Ignore TheRumpledOne |
4/17/2005 12:37:59 AM
I guess now that SF has backtesting, the rsi(2) doubters can see for themselves the power of rsi(2).
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TheRumpledOne
6,529 posts
msg #35643
- Ignore TheRumpledOne |
4/17/2005 6:19:25 PM
OK, check out these stocks:
Symbol Last
BOOM $24.15
SCHN $27.10
FFIV $44.17
SINA $27.35
MRVL $32.92
ADBE $60.66
CRDN $18.46
RSI(2) < 1 and all in linear regression uptrends.
Just wait for green!
Let's see what happens to these stocks.
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TheRumpledOne
6,529 posts
msg #35644
- Ignore TheRumpledOne |
4/17/2005 6:29:45 PM
Symbol Last rsi(2) N days low
ADBE 60.66 200
BOOM 24.15 200
FFIV 44.17 200
MRVL 32.92 200
QLGC 34.87 200
SCHN 27.1 200
AAPL 35.35 50
CTSH 39.94 50
MERQ 42.88 50
SINA 27.35 50
TSRA 38.7 50
KLAC 40.36 50
TZOO 31.35 50
All above are in uptrends with either a rsi(2) 200 or 50 day low.
Wait for green and load the boat.
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