|
PureBytes Links
Trading Reference Links
|
Thanks, Neal. These were interesting charts that perhaps raised more
questions, specific to each one. Were these trades you took? These are
very educational; however, I guess what would be interesting to me, and
what I try to do on a post is to put in a chart that I think is setting up
TODAY or in the next, coming, day for an upcoming trade, to put it out there
for discussion and comparison and dialogue before or during the trade, but
Nasdaq Rules specifically prohibit RetroTrades (darn it). I can find all
sorts of neat dlevel trades after the fact. Recognizing them as they are
setting up is a different story. I'm certainly not asking you to guide
trades here; we all have the responsibility to post charts and put ourselves
on the line, which I am committed to do myself (snow level permitting).
What I am asking is that we all put charts up before or during the setups
and then that perhaps you or others would comment, "no, not enough thrust,"
"yeah, looks like a DRPO to me," "where exactly is the Confluence you are
talking about," etc.
One more thing, perhaps also Ron with his many years of experience could
address this: is it my imagination or are there fewer clear dlevel setups in
the strong movers in Nasdaq in the last year than in the previous 3-4 years?
As a daytrader, I'm looking for stocks that move at least 5% each day. 8-10
daily bars of genuine thrust of a minimum of 5% is a huge move in these
stocks. The criteria for example for a B & B create very few trades, let
alone a genuine DRPO. Maybe the idea is to take only very few, highly
cherry picked trades in this system? If so, that means far fewer trades
than I am taking, and probably longer time in the trades. This is still the
question about the degree to which daytrading is compatible with the dlevel
approach.
Max
----- Original Message -----
From: "Neal Hughes" <neal@xxxxxxxxxxxxx>
To: <dlevels@xxxxxxxxxxxxxxx>
Sent: Thursday, February 15, 2001 3:38 PM
Subject: [dlevels] Ok... Some charts.. Summary.
>
> I hope you had some fun with those..
>
> It was real easy, ran a scan, didn't even look
> for long trades, one hand tied behind my back..
> And then I just looked at the first 25 or so stocks
> that were on my list.
>
> Some of those are "really nice", some are
> "just acceptable" or imperfect..
>
> The markets are full of directional signals. We
> only see what we allow ourselves to see. Sometimes
> we don't let the market speak to us.
>
> It happens to me too.. Sometimes I try too hard.
> When I try very hard to find a trade, I
> can't see one. When I'm already in some trades,
> new ones just keep popping up when I'm not really
> looking.
>
> -Neal.
>
>
> ---
> DiNapoli Fibonacci techniques -
> http://www.fibtrader.com
>
>
>
>
>
> To unsubscribe from this group, send an email to:
> dlevels-unsubscribe@xxxxxxxxxxx
>
>
>
------------------------ Yahoo! Groups Sponsor ---------------------~-~>
eGroups is now Yahoo! Groups
Click here for more details
http://click.egroups.com/1/11231/1/_/_/_/982273233/
---------------------------------------------------------------------_->
To unsubscribe from this group, send an email to:
dlevels-unsubscribe@xxxxxxxxxxx
|