TheRumpledOne
6,411 posts
msg #46122
- Ignore TheRumpledOne |
7/31/2006 3:09:00 AM
KEEP IT SIMPLE.
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ramkalyansunder
7 posts
msg #46145
- Ignore ramkalyansunder |
8/1/2006 6:47:04 PM
Rumpledone, I am one of the forum reader enjoy reading your posting. It is very helpful. Thanks
I understand RSI(2) strategy. Can you please explain the Middle strategy ( if you already explained in earlier post , please give the link ) and what chart/tool you use to identify if the stock crosses the Middle point. Thanks in advance
Ram
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TheRumpledOne
6,411 posts
msg #46147
- Ignore TheRumpledOne |
8/1/2006 11:22:09 PM
Just search on MIDDLE
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nramesh30
4 posts
msg #46158
- Ignore nramesh30
modified |
8/2/2006 3:21:27 PM
I seem to be getting it now. But one more question
I keep a list of stocks based on RSI(2) < 1 on daily chart.
during next trading day , i watch for those stocks on prophet.net
using 15-minute chart.
and lets say the first 3 candles are red. then comes a green one and it closes green. should I buy immediately? i notice that the RSI(2) at that time on 15-minute has started going up already. Is it still ok to buy. Should I consider MIDDLE at this time?
Thanks
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Railwhore
69 posts
msg #46165
- Ignore Railwhore |
8/2/2006 8:34:58 PM
TRO's RSI(2)?
Correct me if I am wrong, but you want a temporary retracement to the rsi(2) < 1 level after a bullish run. So use that filter and set close and volume to your taste. Create the watchlist of symbols. Use 10d/60min chart & (high-low)/2 previous candle for entry long or short. use 5min candles for exit. If your in a very volatile stock your top of last candle for long exit or bottom of last candle for short exit.
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