four
5,087 posts
msg #99290
- Ignore four |
2/20/2011 11:31:59 PM
hp722c
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duke56468
683 posts
msg #99298
- Ignore duke56468 |
2/21/2011 9:39:03 AM
four.....thanks for all the filters you write, it would really be helpful if you would add a sentence explaining your thinking behind the filters
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four
5,087 posts
msg #99300
- Ignore four
modified |
2/21/2011 11:49:48 AM
duke,
" thinking behind the filters"
*********
Sounds Zen... but I just pretend I have no time line and just keep trying different ideas until I get a filter that "looks right". In my case, the pattern of "immediate profit" see next line. realizing that there has to be some loss or waste when making something.
I don't post many of my tried ideas.
I trade short time frames (but see next line)
As some have said here about me (true), I still have trouble with stops and taking a loss (but we all have things to work on). Still working on money management.
I guess being conservative and worried about "the big drop", I set -- High 1 day ago + .03 -- as my default buy the next day. This keeps me out of most false entries. This I can say is more "objective". You'll find as a stock goes down the previous high is usually higher than the next down day. Going up is the opposite. Adding .03 to the previous high gives an additional cushion.
I accept that not getting into a stock is "OK" and will often try to buy again (usually only 3 days of trying to get a buy and then move on) until the RSI(2) is about 25 (coming up from below).
This I can say is more "objective". I agree with others that RSI(2) does seem to be not so random when it goes lower and "anticipates" the stock will return to its upward path.
I would love to play the long and short etfs against each other but haven't found any filter yet (ideas/filters welcome)
... In sum, my intent is to make money (and have a little fun with this online community - sharing ideas and filters). Hopefully, my filter(s) might get someone else where they want to go -- acts as a catalyst.
Firm believer in diversification -- afraid of risk of ruin. This I can say is more "objective".
I like to add up the dividends -- passive income. This I can say is more "objective".
HTH
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four
5,087 posts
msg #99301
- Ignore four
modified |
2/21/2011 12:06:10 PM
Do you see the pattern here...
see my above answer for information
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duke56468
683 posts
msg #99307
- Ignore duke56468 |
2/21/2011 6:25:39 PM
Thanks four I appreciate your effort. If I were any good at it I would contribute more.
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four
5,087 posts
msg #99313
- Ignore four |
2/21/2011 7:40:14 PM
Thank you
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TheRumpledOne
6,411 posts
msg #99334
- Ignore TheRumpledOne |
2/22/2011 3:22:20 PM
Better to define your variables BEFORE you use them.
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mahkoh
1,065 posts
msg #99341
- Ignore mahkoh |
2/22/2011 4:37:19 PM
I believe placing a buy stop just above the previous day's high is a sensible entry point and have tried to code this into backtesting without success. I used " price above high 1 day ago ", any of you have a clue as to what the proper code would be?
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duke56468
683 posts
msg #99374
- Ignore duke56468 |
2/23/2011 12:10:51 PM
I have had success with "price below pp yesterday" for entry, may work with high also
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