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I have attended a workshop with Mr. Arnold. His message is very good. The
methodology is very workable. Do not understand the "...requiring
subjective interpretation". Price either breaks thru a point or it does
not. The classic definition of a triangle is still valid. Understand that
while Curtis works principally triangle patterns, the main elements of his
system involve money management and discipline. As an aside, I have a
friend that had a private learning session with Curtis and suscribed to the
daily fax service. At that time, Curtis was going thru a draw down. My
fried lost considerable funds and quit trading. You know what comes next:
Curtis got hot, and had a fine string of winners, recovered his losses and
showed considerable profits. My friend understood the program, but when it
came down to r-e-a-l dollars, he quit too soon.
So, understand many programs/systems/methodologies will show profits IF you
understand, believe, and have the disposition to trade them. The true
story I have described is exactly like the lesson in "Reminesences of a
Stock Operator". He was trading someone else's ideas and it was not the
way he likes to trade. The result will always be the same.
Al Taglavore
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From: L. A. Baker <louab@xxxxxxxxxxxxx>
To: Metastock <metastock-list@xxxxxxxxxxxxx>
Subject: Unidentified subject!
Date: Thursday, February 05, 1998 8:37 AM
Due to a developing interest in futures trading, I am currently reading a
book written by Curtis Arnold in which he promotes a trading system
entitled PPS. His system, although weakened by an element of pattern
recognition requiring subjective interpretation (in my opinion), is
nonetheless sensible.
I would appreciate receiving any comments concerning this system or author
that anyone participating in this group would care to share.
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