clam61
92 posts
msg #43869
- Ignore clam61 |
5/18/2006 6:31:41 PM
Yesterday RSI(2) on QQQQ was < 1
Today another drop. Did I misread it?
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maxreturn
745 posts
msg #43870
- Ignore maxreturn |
5/18/2006 6:48:54 PM
Wait for green. LOL
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clam61
92 posts
msg #43871
- Ignore clam61 |
5/18/2006 6:53:25 PM
o yeah. duh.
i just been reading so many threads about RSI(2)...aghh. my brain!
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heyen
124 posts
msg #43874
- Ignore heyen |
5/18/2006 6:59:26 PM
how often & how long has the qqqq's rsi(2) been below 1 lately?
anyone know? we are writing history!
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itrademan
70 posts
msg #43878
- Ignore itrademan |
5/18/2006 10:44:50 PM
I feel this history is a lesson that do not overlook strong fundamental signals and chase only the technicals.
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heyen
124 posts
msg #43885
- Ignore heyen |
5/19/2006 4:57:50 AM
Thats the point, the market tells the direction!
Would anyone trade a stock accoring to some other stocks technicals/fundamentals?
You should!
Exit #1: ind(qqqq,ma(4)) decreasing 1 day
Exit #2: ind(qqqq,close) below ind(qqqq,ma(4))
Maximum Trades / day: 5
Maximum Trades total: 5
Almost no TA stockwise, just Market trend!
| Approach Information | | Approach Name: Follow the QQQQ | | Test started on 12/31/2003 ended on 12/30/2005, covering 504 days | | Filter used: | ind(qqqq,close) above ind(qqqq,ma(4))
set{m1,count(market is nasdaq,1)+count(market is nyse,1)}
set{m2,count(market is amex,1)+m1}
m2 above 0
close between 1 and 3
avgvol(90) above 250000
rsi(2) below 35
draw ma(5)
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| Trade Statistics | | There were 465 total stocks entered. Of those, 465 or 100.00% were complete and or 0.00% were open. | | Of the 465 completed trades, 223 trades or 47.96%resulted in a net gain. | | Your average net change for completed trades was: 2.08%. | | The average draw down of your approach was: -4.35%. | | The average max profit of your approach was: 7.19% | | The Reward/Risk ratio for this approach is: 2.24 | | Annualized Return on Investment (ROI): 176.88%, the ROI of ^SPX was: 6.12%. |
| Exit Statistics | | Stop Loss was triggered 0 times or 0.00% of the time. | | Stop Profit was triggered 0 times or 0.00% of the time. | | Trailing Stop Loss was triggered 0 times or 0.00% of the time. | | You held for the maximum period of time (200 days) 0 times or 0.00% of the time. | | An exit trigger was executed 465 times or 100.00% of the time. |
| Statistics By Holding Period | | | Completed | 1 day chg | 2 day chg | 3 day chg | 4 day chg | 5 day chg | | Winners: | 223 | 225 | 213 | 224 | 233 | 228 | | Losers: | 205 | 188 | 210 | 205 | 212 | 215 | | Win/Loss Ratio: | 1.09:1 | 1.20:1 | 1.01:1 | 1.09:1 | 1.10:1 | 1.06:1 | | Net Change: | 2.08% | 0.39% | 0.81% | 1.17% | 1.23% | 1.30% |
| Statistics By Variable: Match Price | | | <0.8 | <1 | <1.2 | <1.4 | <1.6 | <1.8 | <2 | <2.2 | <2.4 | <2.6 | | Completed | - | 19:21 | 143:130 | 49:42 | 4:7 | 4:3 | 2:1 | 1:0 | 1:0 | 0:1 | | 1 day chg | 0:1 | 17:20 | 139:123 | 55:34 | 6:6 | 3:3 | 2:1 | 1:0 | 1:0 | 1:0 | | 2 day chg | 0:1 | 15:25 | 135:131 | 52:41 | 2:7 | 4:4 | 2:1 | 1:0 | 1:0 | 1:0 | | 3 day chg | 0:1 | 20:21 | 138:132 | 53:37 | 5:8 | 4:4 | 2:1 | 1:0 | 1:0 | 0:1 | | 4 day chg | 0:1 | 20:22 | 151:128 | 53:44 | 3:10 | 3:5 | 1:2 | - | 1:0 | 1:0 | | 5 day chg | 0:1 | 23:21 | 152:130 | 44:47 | 4:8 | 3:4 | 1:2 | 0:1 | 1:0 | 0:1 |
| Statistics By Variable: Average Volume | | | <4.0M | <8.0M | <12.0M | <16.0M | <20.0M | <24.0M | <28.0M | <32.0M | <36.0M | <40.0M | | Completed | 211:191 | 8:6 | 3:8 | - | - | - | - | - | - | 1:0 | | 1 day chg | 214:173 | 8:6 | 2:9 | - | - | - | - | - | - | 1:0 | | 2 day chg | 202:196 | 7:6 | 4:7 | - | - | - | - | - | - | 0:1 | | 3 day chg | 211:191 | 9:6 | 3:8 | - | - | - | - | - | - | 1:0 | | 4 day chg | 216:202 | 11:4 | 5:6 | - | - | - | - | - | - | 1:0 | | 5 day chg | 212:205 | 12:3 | 3:7 | - | - | - | - | - | - | 1:0 |
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TheRumpledOne
6,411 posts
msg #43895
- Ignore TheRumpledOne |
5/19/2006 1:02:49 PM
Yes, wait for green and/or wait for the price to cross above yesterday's midpoint.
That will prevent the "head fakes".
HTH.
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clam61
92 posts
msg #43897
- Ignore clam61 |
5/19/2006 2:31:15 PM
TRO
when you say wait for green, does that mean intraday green or green after the closing bell?
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heyen
124 posts
msg #43900
- Ignore heyen
modified |
5/19/2006 3:24:15 PM
TRO, of course, you are right. You want to go long with a positive trend.
But i never understood the "wait for green" as a market perspective.
If you apply wait for green to the overall market performance, than yes
for goodness sake! you are d**n right.
I have a friend that trades the trend almost like that. If the index goes up,
buy whatever you can get for cheap. If the index holds or turns, throw it away
as quick as possible. No fancy filter, no stock related TA.
He only makes sure there are no earning announcements ahead for 10 days.
Funny, huh? And he makes money with it.
And the best: you profit from diversification and a large available volume.
I mean, take my filter, take out the qqqq-close above its ma(5) and see how
many stocks you can grab to go!
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TheRumpledOne
6,411 posts
msg #43907
- Ignore TheRumpledOne |
5/19/2006 8:17:07 PM
when you say wait for green, does that mean intraday green or green after the closing bell?
==============================================================================
Intraday green.
"Wait for green" is what Muddy, aka Wallman, used to do.
"Wait for green" means the stock is above it's previous close (green) for at least the first 15 minutes or so with decent volume.
If the stock is below the previous close (red) or the volume is light, you don't trade... you wait.
It is really simple but profitable.
HTH.
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