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Strategies & Market Trends : Technical Analysis - Beginners

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To: Michael Watkins who wrote (9692)3/3/1999 4:56:00 PM
From: big run  Read Replies (1) of 12039
 
Michael....I've been playing around alot with the StochRSI lately. It does produce alot of whipsaws. So in trying to filter out some of the potential losing trades I've put a line on the high for the day that crosses the 30% line. A close above that would be the buy. I've noticed alot of stocks that start to trend down won't have a follow through day.

Similarly for the sell I've noticed that it exits early alot for my tastes. But by putting a line on the low of the day that the SRSI crosses below 70% and selling on the next close below that line will often keep you in if it continues up. It'll keep you in for the rallys instead of selling on the little dips.

I haven't coded this at all for a systems test but to the eye it looks pretty nice. If you like SRSI and are short to intermediate term (I can't hold anything for more than 3 months and usually alot less), take a look at it.
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