Jay123
9 posts
msg #65731
- Ignore Jay123 |
8/1/2008 9:22:37 PM
WSG... You say "The first thing you need to L@@k at is the slope of the weekly WM(2). You want to choose stocks where it is at a 45 degree angle, NOT the ones that are 80-90 degrees.
Now, when you have a falling stock like 3-straight days, and a "check mark" weekly appears...start watching for divergence between your daily Will(2) / RSI(2). When Billy rises on a down day, and RSI falls...you're looking at a strong candidate for an entry."
Would be great to make this clickable. Here's an attempt. I'm sure there's at least one thing wrong...
/* ((( THEMIGHTYRIGGS ABSOLUTE BOTTOM FILTER ))) */
Weekly Williams %R(2) is above Weekly Williams %R(2) 1-day ago
and Weekly Williams %R(2) is below Weekly williams %R(2) 2-day ago
and Weekly RSI(2) is below Weekly RSI(2) 1-day ago
and 5 day slope of weekly williams %R(2) is above 1.5
and close is below open
and RSI(2) is below RSI(2) 1 day ago
and williams %R(2) is above williams %R(2) 1 day ago
OFFSET 0
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WALLSTREETGENIUS
983 posts
msg #65732
- Ignore WALLSTREETGENIUS |
8/1/2008 9:35:15 PM
" Do you mean never enter a trade when the market is down, or never enter a trade when the particular stock is down? "
___________________
Jay, I was refering to the actual market, not the stock. More times than not, you will be entering the stock when it's down. You're not seeing this?...
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chetron
2,817 posts
msg #65733
- Ignore chetron
modified |
8/2/2008 10:20:39 AM
fyi....
i believe having a 5 day slope of a weekly indicator is not a good thing. and it does not automatically adjust as it does in tomb's example.
also watch out when you do an offset on a filter with a slope filtering line in it, i believe stockfetcher only uses current data for slope and line commands.
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WALLSTREETGENIUS
983 posts
msg #65737
- Ignore WALLSTREETGENIUS
modified |
8/2/2008 1:01:20 PM
Thanks "chetron"...I'll make the correct alterations, but
the results come out the same way no matter how you word
it ("Day" or Weekly") Tell me if i'm wrong...
Thanks,
RIGGS
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chetron
2,817 posts
msg #65739
- Ignore chetron |
8/2/2008 3:38:02 PM
wsg,
you are right.
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WALLSTREETGENIUS
983 posts
msg #65741
- Ignore WALLSTREETGENIUS |
8/2/2008 5:32:20 PM
...see, that's why I told "Dave" to "not worry about what tomb said"...
I wasn't being my usual jerk self...I just knew that it didn't matter.
RIGGS
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WALLSTREETGENIUS
983 posts
msg #65750
- Ignore WALLSTREETGENIUS
modified |
8/2/2008 11:41:11 PM
Zero-in on the Software sector! I mean, there are a TON of stocks that have the daily WILL / RSI divergence set-up. I personally don't like technology stocks, but one cant ignore a whole sector with this set-up!
Also, the Automotive, Regional Banks, Consumer Goods, Rails, and Healthcare. From the looks of it, it would appear the "Dollar" is going to breakout in the next 1-2 days.
Here are some home run plays I'll be looking closely at on Monday...
ACW
RDK
BARE
AVR
NCOC
GSK
TTHI
HNSN
STXS
LULU
UTIW
PAC
- WALLSTREETGENIUS -
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FuriousThug
256 posts
msg #65764
- Ignore FuriousThug |
8/3/2008 5:34:39 PM
FuriousThug
- Edit message 7/31/2008 10:16:38 PM
All of WSG's filters backtest like cr**. ;)
I think they all contain elements of method and interpretation that are beyond the mechanical capacity of the backtesting technology. As a result, I pretty much have to rely on offsetting the filters and just going back and looking at countless examples and their setups to see how they work - that's the only way to do better than -28%, I think.
FT
WALLSTREETGENIUS
- Ignore WALLSTREETGENIUS 7/31/2008 10:44:20 PM
Thug -
"Backtest?"...are you kidding me? These are designed for 2-3 day pops only! Have you not read ANYTHING about me? Then you go to the next one, and the next....etc. Have you not noticed how volatile this market has been for the last several months?
So tell me...with you being a "greybeard", you must me down well over 20% on the year huh? Why in hell would someone backtest a successful 2-3 day filter? You backtest nerds crack me up! ROFL
- WALLSTREETGENIUS -
huh? I think that was my point...backtesting doesn't work...was that not clear?
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WALLSTREETGENIUS
983 posts
msg #65766
- Ignore WALLSTREETGENIUS
modified |
8/3/2008 7:16:10 PM
huh? I think that was my point...backtesting doesn't work...was that not clear?
______________________
Sorry man, I took it on the chin the wrong way. If you read it for the 1st time, one can take that as a negative. It's all good "thug."
- WALLSTREETGENIUS -
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marine2
963 posts
msg #65806
- Ignore marine2 |
8/4/2008 5:06:02 PM
We need obnoxious people like we need a thorn in our buttox. Some people read, then think, then respond. Some read, respond, then apologize for not thinking first. You responded very well Furious Thug to this situation.
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