[charcoalstick]

Hi,

How u guys filter off the wide universe of stocks to shortlist potential trades?

[That One Guy]

Would all depend on, what you perceive to be an opportunity. Be it support and resistance, moving average crossovers or pattern recognition. (Just to name a few)
From there it would be easier to filter down potential trades. I'd recommend checking out a nice website that has tons of stuff to filter trades, by the criteria you define.

WWW.FINVIZ.COM
Hope this all helps and good luck.

[brownsfan019]

That is one advantage to trading futures - you already know what you will be focusing on for the day. Some just trade one e-mini product and that's it.

Try filtering your stocks using RSI(2). I'll leave the rest up to you to figure out the relevant associated triggers and their validity.

But then again, I'm focused on trading index futures, not individual stocks. Good luck.

-fs

[Sledge]

Originally Posted by forsearch »

Try filtering your stocks using RSI(2). I'll leave the rest up to you to figure out the relevant associated triggers and their validity.
-fs

RSI(2)- WOW that has to be one mindblowing chart! Quick hits eh fs?

Not necessarily, when used on a long-term (daily chart or greater).

[atto]

charcoalstick, the problem you'll deal with is that not all trades are created equal. You have to discover what works for you.

For instance, if you're a trend trader, a good filter might be 5 period MA above 30 period MA. This, of course, wouldn't be used alone, but would do a good job keeping you out of bear markets (for longs). You may look for overbought/oversold signals if you're a reversal trader.

You will be pressed to find a system that just uses conventional indicators (RSI, MACD, MA's, Stoch's, etc) and is profitable. At the end, you're the person pushing the button. Therefore, screen time is extremely valuable.

Speaking of indicators, try not to fall into a quest for a holy grail indicator. To my knowledge (and trust me, I've looked), it doesn't exist. If you create/discover one, I advise you to keep it secret . Personally, I don't use indicators. Some people do. Again, try to find what works for you.

[vladv]

atto,what do YOU use,then?