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Thread: userque's Account talk

  1. #409

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    Default Re: userque's Account talk

    The RSI, the most interesting indicator around and also the indicator that is used in the wrong way by most people!

    There are very few around that know how the RSI works! Most people think below 30 is oversold and above 70 is overbought, WRONG!!! You can better buy when it is above 70 and sell below 30!

    And about what period you should use, the 14 and nothing else! The RSI isn't created to be used in a 5 period or a 2.

    The RSI is a 14 period indicator that shows exactly when we are in a bullish area and when in a bearish area. By the use of channels it leads the way. It show high resistance areas, price targets.

    But it does NOT tell you when we are overbought or over sold!!!
    So please throw away all TA books that say that it displays oversold/overbought areas but those book tell you alot of bullshi+!

    So please, no offence words about my lovely RSI anymore! You only say them because of your lack of knowledge!
    From elitetrader
    Last edited by userque; 01-12-2016 at 04:23 PM. Reason: This post is regarding a discussion in Market Outlook
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]

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  3. #410

    Default Re: userque's Account talk

    I believe the request was for how the guy used the RSI together with another indicator. Sort of like how the MACD & Stochastic is used together here: MACD And Stochastic: A Double-Cross Strategy | Investopedia

    I could be wrong. Only shitepoke can say for sure.
    Allocations as of COB Dec 28 : 100% S. | Retirement Date:Dec 2025
    Past Returns:
    2020 31.85%,2019 27.97%,2018 -3.36%,2017 13.10%, 2016 -1.79%, 5Yr Avg 12.61%

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  5. #411

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    Default Re: userque's Account talk

    Quote Originally Posted by Cactus View Post
    I believe the request was for how the guy used the RSI together with another indicator. Sort of like how the MACD & Stochastic is used together here: MACD And Stochastic: A Double-Cross Strategy | Investopedia

    I could be wrong. Only shitepoke can say for sure.
    I understand what you're saying. Here's my take on what I quoted.

    My first statement is my words regarding a recollection of someone else's words. The request was for the actual words. I quoted the actual words here in a quote bubble.

    The quote does, in fact, indicate the use of a second indicator: price "channels."

    ...By the use of channels it leads the way...
    How does he use it with "channels?"

    You can better buy when it is above 70 and sell below 30!
    He even goes on the say how he configures the RSI.

    And about what period you should use, the 14 and nothing else!
    HTH
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]

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  7. #412

    Default Re: userque's Account talk

    Ah, gotcha. It's just to me it still seems like only one indicator.

    The problem with using multiple indicators is that some of them are using the same kind of information. If you are not careful you think you are getting confirmation from a separate source when it is only saying the same thing because it is looking at the same data. It's too easy to fool ourselves.
    Allocations as of COB Dec 28 : 100% S. | Retirement Date:Dec 2025
    Past Returns:
    2020 31.85%,2019 27.97%,2018 -3.36%,2017 13.10%, 2016 -1.79%, 5Yr Avg 12.61%

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  9. #413

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    Default Re: userque's Account talk

    ok, it's ready.
    Last edited by userque; 01-21-2016 at 09:41 PM.
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]

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  11. #414

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    Default Re: userque's Account talk

    "Saving money

    Mother had decided to trim her household budget wherever possible, so instead of having a dress dry-cleaned she washed it by hand.

    Proud of her savings, she boasted to my father,Just think, Fred, we are five dollars richer because I washed this dress by hand.

    Good, my dad quickly replied. Wash it again!"
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]


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  13. #415

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    Default Re: userque's Account talk

    How about Gold Q! Right now it looks like a good long investment.

    FS
    FogSailing
    Try to learn something about everything and everything about something.

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  15. #416

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    Default Re: userque's Account talk

    Quote Originally Posted by userque View Post
    ok, it's ready.
    Morning UQ. missed this earlier. exactly what did you proclaim was ready? me no unnerstand.
    "life can only be understood backwards, but it must be lived forwards" - soren kierkegaard

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  17. #417

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    Default Re: userque's Account talk

    Quote Originally Posted by FogSailing View Post
    How about Gold Q! Right now it looks like a good long investment.

    FS
    Hey FS,

    Not really sure...haven't researched it regarding a long-term 'investment.'
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]

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  19. #418

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    Default Re: userque's Account talk

    Quote Originally Posted by alevin View Post
    Morning UQ. missed this earlier. exactly what did you proclaim was ready? me no unnerstand.
    Mornin' alevin,

    I transferred a file to someone via my thread is all. I think it was some backtesting results, same stuff I recently posted publicly to my other thread (NUGT/DUST).
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]

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  21. #419

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    Default Re: userque's Account talk

    "God's Time And Money

    A preacher went into his church and he was praying to God. While he was praying, he asked God, "How long is 10 million years to you?" God replied, "1 second."

    The next day the preacher asked God, "God, how much is 10 million dollars to you?" And God replied, "A penny."

    Then finally the next day the preacher asked God, "God, can I have one of your pennies?" And God replied, "Just wait a sec.""
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]

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  23. #420

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    Default Re: userque's Account talk

    (VIDEO) You might be surprised at all the things a coder can do with a spreadsheet:
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]

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