Sqwii
160 posts
msg #76391
- Ignore Sqwii |
7/13/2009 5:06:27 PM
Okay, all of us in here have been trying a lot of different strategys and filters.
I have been in here for several years and from all the filters I have used I can only say that the best overall short term indicator is RSI(2). I must admit that I cant see any other better filters for the "very short term".
Please post what you think worked best for you.
Have a nice day
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calhawk01
135 posts
msg #76396
- Ignore calhawk01 |
7/13/2009 9:34:02 PM
which rsi filter?
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Sqwii
160 posts
msg #76405
- Ignore Sqwii |
7/14/2009 5:06:08 AM
rsi(2) filter simple is that.
Its the best overall short term filter to find overbought and oversold conditions( short term ) imo..
but maybe any others in here using adx/williams/stochastics more often.
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Kevin_in_GA
4,599 posts
msg #76417
- Ignore Kevin_in_GA |
7/14/2009 10:36:42 AM
Define "short term" - intraday? One-two days? A week?
I look at momentum-based indicators, and trade on a weekly timeframe rather than daily. My favorite indicator is the weekly MACD(2,3,9) - the day after it crosses above zero, buy. The day after it crosses back below zero, sell.
Simple and effective. Generally do only a few trades per month. I am tracking 15 ETFs right now using this system - results since 8 June are 13 out of 15 profitable, with an average return of 11.1%.
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Sqwii
160 posts
msg #76428
- Ignore Sqwii |
7/14/2009 3:37:21 PM
short term is / 1-5 days.
So in that timeframe my avg gain for a lot stocks is 5-10% on every stocks. But I am also reading the chart with support areas, but this RSI(2) is so useful with trendlines
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decipherlinda
133 posts
msg #76458
- Ignore decipherlinda |
7/15/2009 8:39:17 AM
Thank you Kevin_in_GA. Spent several hours with it yesterday and it does work well.
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chetron
2,817 posts
msg #76461
- Ignore chetron
modified |
7/15/2009 9:22:09 AM
CLICKABLE....
OR DID YOU MEAN THIS...
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welliott111
98 posts
msg #76488
- Ignore welliott111 |
7/15/2009 4:47:19 PM
What am I missing, the buymenow and sellmenow plot does not line up with weekly macd(2,3,9) 0 crosses?
ex. July 9 and June 19 on the spy chart
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chetron
2,817 posts
msg #76489
- Ignore chetron
modified |
7/15/2009 5:25:12 PM
sorry, i forgot that the historical weekly metrics are not usable on daily charts.
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chetron
2,817 posts
msg #76490
- Ignore chetron |
7/15/2009 5:37:27 PM
updated filters to read correctly, need the charts to be weekly?
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