plus i have the live rsi-2 on the tos market watch on all weekly options i follow plus any others that are moving up and down strong> notice mcp was near the 60 minute low at the close on 4-15-2011> and goog is getting near its low on everything- a buy on goog would be when the 30-60 rsi-2 >80%- they say you cant catch a falling knife but actually is very easy> good example when csiq went 32-9$ last year- at 9.05 every rsi-2 was below 3% which is very low for the monthly> so when it >80% on the 15-30 minutes rsi-2 s it was near 9.38 plus the money was flowing in the last 30 minutes>so i got the 10 and 11 calls cheap> it closed to 10.05 and the next day it gapped to 10.90 the very top of the lr a sell> so i sold for a quick 1 day gain of 144% and 177%> http://screencast.com/t/NXt2l1bw
here are the trading rules for advfn.com and TOS profit charts>
sell rsi-2 and lr tops and buy lr and rsi bottoms if the volume is on the buy side.
Lerogee:"i only select stocks or etf s that follow the spy"
Ok, so are these stocks & etf based on scans from stockfetcher which only has daily/weekly rsi-2?
************ Lerogee:"i check on the monitor on advfn to see if their is more buying than selling and if im in a position the buy volume for the day has to be more than the sell volume the last 60 minutes of the trading system."
Lerogee:"I use a combination of advfn-tos profit charts 1-2 hour rsi-2"
Your documents say to check daily & intraday. Is your entry based on the daily rsi-2? If yes, then do you ignore daily rsi-2 after your entry and only use intraday signals? ****************
What is your loss prevention/money management on this system? position sizing & scaling in?