RSI(2) - The Little Indicator That Could - StockFetcher.com Stock Screener

StockFetcher Forums · Filter Exchange · RSI(2) - The Little Indicator That Could

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rsarno 103 posts msg #35439 - Ignore rsarno	3/23/2005 11:34:53 PM judge thank you for sharing your filter, the results are stunning and worth taking a look at. i am one who doesnt have much faith in RSI(2) despite everything i hear, but i have not really played with it too much. I too am a systems trader at heart, but have not yet found a system worth trading live. I have some good projects if your interested in chatting? im on AOL as RSARNO or email me rsarno (@) aol.com
jclaffee 81 posts msg #35440 - Ignore jclaffee	3/24/2005 1:45:07 AM Hi, rsarno: What's NOT to "have faith in" where the RSI(2) scan is concerned? It identifies issues that trade enough volume to provide liquidity and are making a first move North from an absolute capitulation bottom. You get a chance to buy low. How long will the move last and how far will it go? Only the market knows! Jim
TheRumpledOne 6,411 posts msg #35454 - Ignore TheRumpledOne	3/24/2005 10:39:55 PM FAITH? Trading is not about FAITH, it's about SKILL! Save faith for religion... faith is a belief in something that you can't prove. RSI(2) PROVES ITSELF EVERYDAY... WAKE UP AND SMELL THE PROFITS!
rsarno 103 posts msg #35455 - Ignore 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.
marine2 963 posts msg #35462 - Ignore marine2	3/25/2005 11:57:26 PM The previous comment, "Trading is not about FAITH, it's about SKILL!" is interesting but not true. I would say this, if you don't have faith in your trading skills then you need to refocus your efforts on honing those skills where the faith will come to you and drives you to that success your striving for. To say trading doesn't involve faith (faith = confidence, trust, assurance, sureness, certainty etc) is like saying you can drive your car without a steering wheel. Therefore, trading does require skill, faith, discipline, persistence, a plan, and a postive spirit. Study hard, give it your best effort, and never let a loss get you down but learn from it. If RSI(2) system is your filtering tool of choice, great. But, if you have another filtering tool of choice you're more comfortable with so be it. Find the one best suited to your style of trading and go for it. Never let anyone tell you that one way is the only way. That is narrow thinking which is ridiculous. Happy Investing! Marine2
judgetrade 107 posts msg #35467 - Ignore judgetrade	3/26/2005 4:20:48 PM TheRumpledOne, I have not asked a question, just want to describe how I want to trade it after testing it. The screen is not from me, I got it from within this board (can not remember the post) and tweaked it. The system is profitable, even if you do not wait for green, I am not sure, but it might even add to the bottom line since you do get the positive gap up, which you can not trade if you wait for green, but I have not backtestet this. I even would like to wait for green but I can not since I am trading from europe and I have an every day job. What really shockes me (in a positive way): I have designed several systems that are based on panik selling with very high performance and I am trading them sucessfully. But the thing is: the systems I have designed so far only work when the market is in an uptrend. Since Jan. 14. of this year, I have a sell signal and my money is in money market funds. What I have seen so far (I tested 2004, 2005 and 1997) from the sreen I have posted, it produces a fantastic capital curve line with very low maximum drawdown, especially with fixed fractional bet size and a 25% Stop Loss per position even in downtrendig markets. (Though reality is never as good as backtesting). Further more: I order to trade a system sucessfully you not have to convince your rational parts of your brain, you also have to convince the rest (which is 100 times bigger, at least in my brain :-)) that takes time, so I backtest, real-time test it until I dream at nights about it, and then jump in with a very small bet size and rules I can repeat by heart and implement automatically even after a bottle of white rum. I know it works to buy panik selling but stockfetcher is a new environment for me and I have to test the water otherwise I will get killed in real time trading. Knowing yourself is important in trading! I takes time for me (2-6 Months or so ) in order to convice myself. Once again TheRumpledOne: THANK YOU THANK YOU THANK YOU THANK YOU THANK YOU THANK YOU THANK YOU THANK YOU THANK YOU THANK YOU THANK YOU THANK YOU THANK YOU THANK YOU THANK YOU THANK YOU THANK YOU THANK YOU THANK YOU THANK YOU THANK YOU THANK YOU THANK YOU THANK YOU THANK YOU THANK YOU THANK YOU THANK YOU THANK YOU THANK YOU THANK YOU for showing me this nice indicator! Best Regards Andreas
marine2 963 posts msg #35479 - Ignore marine2	3/27/2005 11:24:36 PM The previous comment, "Trading is not about FAITH, it's about SKILL!" is interesting but not true. I would say this, if you don't have faith in your trading skills then you need to refocus your efforts on honing those skills where the faith will come to you and drives you to that success your striving for. To say trading doesn't involve faith (faith = confidence, trust, assurance, sureness, certainty etc) is like saying you can drive your car without a steering wheel. Therefore, trading does require skill, faith, discipline, persistence, a plan, and a postive spirit. Study hard, give it your best effort, and never let a loss get you down but learn from it. If RSI(2) system is your filtering tool of choice, great. But, if you have another filtering tool of choice you're more comfortable with so be it. Find the one best suited to your style of trading and go for it. Never let anyone tell you that one way is the only way. That is narrow thinking which is ridiculous. Happy Investing! Marine2
TheRumpledOne 6,411 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.
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.
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.

StockFetcher Forums · Filter Exchange · RSI(2) - The Little Indicator That Could

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