TheRumpledOne
6,411 posts
msg #28240
- Ignore TheRumpledOne |
9/2/2003 2:47:28 AM
Hey TX...
Not fair making rules AFTER the game starts....
I put forth my criteria for judging.
If my stock goes up at the open and then drops way down only to recover but still show a loss, I don't want that counted against me because I could have had 2 profitable scalps...
So you must use Close - Open AND my High - Open & Close - Low to judge.
Fair is fair.
You can even take a penny off each end.. I will take that handicap.
Furthermore, since my goal is 2% per day.. if I make that, I don't care what others do... I made MY GOAL.
LET THE GAMES BEGIN...
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TheRumpledOne
6,411 posts
msg #28241
- Ignore TheRumpledOne |
9/2/2003 2:50:14 AM
You posted:
"Now I would like to share an interesting Filter....The methodology behind this filter is that I noticed if OBV started up a day after RSI(2) came off bottom the stock would shoot up, kind of like the EMA(13) EMA(26) crossover. And it sometimes shows them "two white candles" after a RSI(2) bottom. Check it out, I call it the "WILDCARD FILTER".
"
Give this a shot
"
Best of luck with your filters and trades.
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TheRumpledOne
6,411 posts
msg #28242
- Ignore TheRumpledOne |
9/2/2003 2:55:42 AM
This works better:
Notice p1 and p2 are the possible scalps.
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TheRumpledOne
6,411 posts
msg #28244
- Ignore TheRumpledOne |
9/2/2003 3:08:56 AM
Tx...
The more I think of this... I am sorry I participated.
The reason being is that I have been telling you guys that it is NOT what you trade but HOW you trade it.
This contest goes completely against that philosophy. It is a BAD example for any new traders.
Money management is 60%.
Trading is 30%.
Stock Selection/Filters is 10%.
The focus should be on Money Management and Trading, which is what my High - Open and Close - Low point out, not on the stocks that fall out of filters.
When you can make money going long on a down day and/or on a stock that loses money for the day, THAT'S TRADING!!
Don't waste you time writing filter after filter and filter. FOCUS ON MONEY MANAGEMENT AND TRADING SKILLS. Perfect your entry/exits. TAKE ALL YOU CAN AND GIVE NONE BACK.
I fell for your "trap" and I admit it - you got me! (Now I owe you one... he he he)
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deprez
60 posts
msg #28248
- Ignore deprez |
9/2/2003 3:56:51 AM
Here are a couple plucked from various filters.
GT0:
WFHC 1.14
ZICA 2.34
GT5:
RAD 5.05
VRSO 4.27
GT18 GOGO:
IMAN 6.92
ISIS 6.62
ATRO 4.58
GT20Bis:
USON 7.95
DUSA 2.99
MRVT 1.13
I just sold EPRE(5.79) on Friday, but it may go up still a bit. Worth a look at.
Good luck to all.
Geodepe.
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txtrapper
548 posts
msg #28253
- Ignore txtrapper |
9/2/2003 9:31:29 AM
Well the game hasn't started until the bell but ok, have it your way Rump and Zuber too!
We will be a little flexible and have fun here today. I agree a prudent trader would sell at the high and I think Zuber would agree, so be it.
Rule 2)So you must use Close - Open AND my High - Open & Close - Low to judge.
Fair is fair.
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adrianf
49 posts
msg #28254
- Ignore adrianf |
9/2/2003 10:21:53 AM
Where's Joe G. ????????????
Rump, doesn't really matter if your picks do well or not....at least you posted some picks...way to go...
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txtrapper
548 posts
msg #28255
- Ignore txtrapper |
9/2/2003 11:50:10 AM
WILDCARD FILTER...
Rump this filter is getting higher hits than the RSI(2)< 10
I believe it's because it gives the RSI(2) a chance to tell you what it's going to do next (flatline,go down,or move up), when the OBV first starts increasing and RSI(2) is just off bottom, that my confirmation, and that's when these stocks seem to explode, that's when this filter shines. Look at today's scan....MUSE +.40... DFIB...+.14...BE +.35. As grandma used to say, "son, the proof is in the pudding".
txtrapper
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txtrapper
548 posts
msg #28256
- Ignore txtrapper |
9/2/2003 11:50:24 AM
WILDCARD FILTER...
Rump this filter is getting higher hits than the RSI(2)< 10
I believe it's because it gives the RSI(2) a chance to tell you what it's going to do next (flatline,go down,or move up), when the OBV first starts increasing and RSI(2) is just off bottom, that my confirmation, and that's when these stocks seem to explode, that's when this filter shines. Look at today's scan....MUSE +.40... DFIB...+.14...BE +.35. As grandma used to say, "son, the proof is in the pudding".
txtrapper
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jprowe
17 posts
msg #28258
- Ignore jprowe |
9/2/2003 12:40:18 PM
I think the only thing we learned here is what I had anticipated...Joe G is a no show.
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