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Re: [amibroker] Fw: New RSI trading system



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----- Original Message ----- 
From: Dimitris Tsokakis 
To: amibroker@xxxxxxxxxxxxxxx 
Sent: Thursday, October 11, 2001 9:27 PM
Subject: New RSI trading system


Here is one possible explanation, why the two new systems are more
profitable. In many cases you are protected from wrong entries.
Look at the long term decline, (nearly 10 weeks) from PEAK to
TROUGH.
First chart is Modified RSI with Dbuy-Dsell steady levels.
Below is the new RSI Bollinger Bands system.
1]. All this period, RSI crossed some times 30, whithout result, but in
both systems you were TOTALLY OUT OF THE MARKET, protected
from a 50% decline.
2].The ENTRY points are quite reasonable, if you look the trend and not
the artificial 30 or 25 or any other level. In both systems, entriesoccurred at
RSI~20.
3].EXIT points are also reasonable and occured at RSI levels ~50 for both
systems
4] The last period, RSI crosses again 30, but you are still out of the market,
waiting in cash for a new signal. 
There is no need to be a prophet to understand the following ELEMENTARY
things: 
With 30/70 system you have already buy and wait at point X. If the stock drops 
down (which will not surprise anybody), you will be again out of [30,70] and 
stay with what you bought or buy again, according to your trading tactic.
With the new systems, you wait sellers to loose their power and find a better
entry (perhaps).
In the mean time, you may see some friends, drink a beer, write to the mail-list
and think about some new system to understand the Market better.
What do you think about ?

Dimitris Tsokakis
P. S. A friend of mine (and I write this with his permission), has the following
...funny problem : He bought at December 2000 cross(RSI,30) and he is still
waiting a cross(70,RSI) to sell. Does any body knows when and if he will close
this great trade ? The RSI reached two or three times at 67 or 68 and turned
back.


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<DIV><FONT size=2>To Dimitri</FONT></DIV>
<BLOCKQUOTE 
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV 
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> 
<A title=TSOKAKIS@xxxx href="mailto:TSOKAKIS@xxxx";>Dimitris 
Tsokakis</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A title=amibroker@xxxxxxxxxx 
href="mailto:amibroker@xxxxxxxxxxxxxxx";>amibroker@xxxxxxxxxxxxxxx</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> 11 October 2001 21:32</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> [amibroker] Fw: New RSI trading 
system</DIV>
<DIV><BR></DIV>
<DIV>&nbsp;</DIV>
<DIV style="FONT: 10pt arial">----- Original Message ----- 
<DIV style="BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A 
title=tsokakis@xxxx href="mailto:tsokakis@xxxx";>Dimitris 
Tsokakis</A> </DIV>
<DIV><B>To:</B> <A title=amibroker@xxxxxxxxxxxxxxx 
href="mailto:amibroker@xxxxxxxxxxxxxxx";>amibroker@xxxxxxxxxxxxxxx</A> </DIV>
<DIV><B>Sent:</B> Thursday, October 11, 2001 9:27 PM</DIV>
<DIV><B>Subject:</B> New RSI trading system</DIV></DIV>
<DIV><BR></DIV>
<DIV><FONT size=2>Here is one possible explanation, why the two new 
systems&nbsp;are more</FONT></DIV>
<DIV><FONT size=2>profitable. In many cases you are protected from wrong 
entries.</FONT></DIV>
<DIV><FONT size=2>Look at the long term decline, (nearly 10 weeks) fromPEAK 
to</FONT></DIV>
<DIV><FONT size=2>TROUGH.</FONT></DIV>
<DIV><FONT size=2>First chart is Modified RSI with Dbuy-Dsell steady 
levels.</FONT></DIV>
<DIV><FONT size=2>Below is the new RSI Bollinger Bands system.</FONT></DIV>
<DIV><FONT size=2>1]. All this period, RSI crossed some times 30, whithout 
result, but in</FONT></DIV>
<DIV><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp; both systems you were TOTALLY OUT 
OF THE MARKET, protected</FONT></DIV>
<DIV><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp; from a 50% decline.</FONT></DIV>
<DIV><FONT size=2>2].The ENTRY points are quite reasonable, if you lookthe 
trend and not</FONT></DIV>
<DIV><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp; the artificial 30 or 25 or any 
other level. In both systems, entries occurred at</FONT></DIV>
<DIV><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp; RSI~20.</FONT></DIV>
<DIV><FONT size=2>3].EXIT points are also reasonable and occured at RSIlevels 
~50 for both</FONT></DIV>
<DIV><FONT size=2>&nbsp;&nbsp;&nbsp; systems</FONT></DIV>
<DIV><FONT size=2>4] The last period, RSI crosses again 30, but you arestill 
out of the market,</FONT></DIV>
<DIV><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp; waiting in cash for a new signal. 
</FONT></DIV>
<DIV><FONT size=2>There is no need to be a prophet to</FONT><FONT size=2> 
understand the following ELEMENTARY</FONT></DIV>
<DIV><FONT size=2>things: </FONT></DIV>
<DIV><FONT size=2>With 30/70 system you have already buy and wait at point X. 
If the stock drops </FONT></DIV>
<DIV><FONT size=2>down</FONT><FONT size=2> (which will not surprise anybody), 
you will be again out of [30,70] and </FONT></DIV>
<DIV><FONT size=2>stay with what you bought or buy again, according to your 
trading tactic.</FONT></DIV>
<DIV><FONT size=2>With the new systems, you wait sellers to loose theirpower 
and find a better</FONT></DIV>
<DIV><FONT size=2>entry (perhaps).</FONT></DIV>
<DIV><FONT size=2>In the mean time, you may see some friends, drink a beer, 
write to the mail-list</FONT></DIV>
<DIV><FONT size=2>and think about&nbsp;some new system to understand the 
Market better.</FONT></DIV>
<DIV><FONT size=2>What do you think about ?</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT size=2>Dimitris Tsokakis</FONT></DIV>
<DIV><FONT size=2>P. S. A friend of mine (and I write this with his 
permission), has the following</FONT></DIV>
<DIV><FONT size=2>...funny problem : He bought at December 2000 cross(RSI,30) 
and he is still</FONT></DIV>
<DIV><FONT size=2>waiting a cross(70,RSI) to sell. Does any body knows when 
and if he will close</FONT></DIV>
<DIV><FONT size=2>this great trade ? The RSI reached two or three timesat 67 
or 68 and turned</FONT></DIV>
<DIV><FONT size=2>back.</FONT></DIV>
<DIV>&nbsp;</DIV><BR><BR><TT>Your 
use of Yahoo! Groups is subject to the <A 
href="http://docs.yahoo.com/info/terms/";>Yahoo! Terms of Service</A>.</TT> 
<BR></BLOCKQUOTE></BODY></HTML>

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