Re: [dlevels] sdli

["Kevin Bryant" <mntlblok@xxxxxxxxxxxxx>]

Hi Max,
 
First, if you've got something with a 90% success 
rate and a very good win/loss ratio, I've got no business putting up any kind of 
arguments related to trading.
 
But, I went ahead and attached a chart that I did a 
little scribbling on.  Mostly involves that Gartley pattern again.  My 
current stats suggest little above 50% on both the variables of the expectancy 
formula, with my current rules.  If it turns out that I can actually trade 
it close to those numbers, I expect to have most of the money in the world 
shortly. :-)
 
As to your technique, as intriguing as it sounds, I 
don't have enough years left to ever understand it well enough to use it, and 
probably not enough brain power, anyway.  It is most embarrassing to be 
opening my mouth on a forum with so many folks with 90% success 
rates.  
 
Kevin
 
<BLOCKQUOTE 
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  
  Well here's an interesting discussion.  I'd 
  love to see that argument, and would love to go short after a day long in 
  sdli.   Is sdli in a downmove?   Please prove me 
  wrong.   What time frames are you looking at?  I'm looking at 
  the dailies.  Thrust up?  Yes.  Enough bars of thrust?  
  Not according to Hoyle. However, I see a 
  difference between study of equities (or other instruments) you are 
  not studying daily and ones you know well, in terms of their price 
  movements.  Truth is that with sdli, all you have to do is get the 
  right time of day, right Futures, right L2 reading, etc. and you can very 
  handily take a few points off the table without breaking a sweat.  In 
  this case, a strong 382 rt on the last upmove gave me all I 
  needed to know (plus experience with the stock).  However, I am 
  probably much too much of a momentum or trend trader to be a 
  proper dlevel student.  Yet I would like to learn more, and hear 
  further arguments against pure momentum plays. To show my massive 
  ignorance, I even use 382 & 500 retracements (and 
  MACD/Stochastic combination, detrended oscillator, and VOLUME) on five minute 
  charts during the day to enter trades, especially on shorts, regardless of the 
  larger trend; sometimes I don't even look past the 5 minute chart or 
  know a thing about the overall actions of some stocks; many of them I've never 
  heard of before, like INFI on Friday.  The percentages on 
  this approach (given futures a the time, s & p trading, L2, 
  gaps, etc) come out to be very close to 90%, and with very tight stops, 
  the win/loss ratio is...well, very good.
   
     Please forward your fib study on 
  sdli!  12 points one day long and forty in a couple of days short sounds 
  like good money to me.
   
  Also, if I am being a pest in bringing up other 
  aproaches to trading and combining them with dlevels rather than taking a pure 
  dlevel approach, please would other members tell me so and I will stop doing 
  this and only report on more pure dlevel studies or trades I am looking at or 
  taking.
   
  Max
  <BLOCKQUOTE 
  style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
    ----- Original Message ----- 
    <DIV 
    style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
    Kevin 
    Bryant 
    To: <A title=dlevels@xxxxxxxxxxxxxxx 
    href="mailto:dlevels@xxxxxxxxxxxxxxx";>dlevels@xxxxxxxxxxxxxxx 
    Sent: Friday, January 26, 2001 10:54 
    PM
    Subject: Re: [dlevels] sdli
    
    Might it be that the same time frame is not 
    being discussed by all here?  A fib argument could be made for a price 
    in the low 170's in a few days.  
     
    Kevin
    
    <BLOCKQUOTE 
    style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
      did you see that fib bounce on 
      sdli?
      said yesterday I'd take any excuse to enter 
      long in the am.
      sdli gave "plenty of excuses" 
      today.To unsubscribe from this group, send an 
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