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Thomas A Smith wrote:
>
> I ALSO TOOK A LOOK AT FUTURESCOPE. I HAVE HAD
> TROUBLE UNDERSTANDING HOW TO USE IT. AL HOW
> DO I TELL IT TO LOOK AT THE LONG SIDE OR THE SHORT
> SIDE. I KNOW THERE IS SOMETHING SIMPLE THAT I HAVE
> BEEN UNABLE TO CONNECT WITH. HAVE TRIED CALLING
> SEVERAL TIMES BUT BARRET HAS BEEN QUITE BUSY
> AFTER THE LETTER WENT OUT. THE WHOLE CONCEPT
> IS QUITE VALID AND PRICELESS. ANY HELP WOULD
> BE APPRECIATED THANKS TOM
Tom,
I, too am learning it. According to the on line manual, you do not
specify long or short. The program determines, from past seasonal
trends, the most profitable trade trend: long or short. You can,
however determine the trend in dollar amounts or percent of times
correct.
In the Dmark instance that I refered to in an earlier post, I changed
the dates to an entry on the 15th of June to the 19th (next week) and
the seasonal then agreed with my chart....the trade favors the long
side.
As you know, with commodities, you can read the market correctly as to
direction, and, because of a day or two of timing error, be hung out to
dry. If this FutureSource helps with the time of entry and exit, this
will, perhaps keep one from getting in the hole at the offset. It sure
is tough to have the direction on a 100 point move and not realize the
full profit because you had to start from a deficit of 45 or 50 points.
I am very excited with the experiments I have done with the program.
Al Taglavore
> -----Original Message-----
> From: Al Taglavore <altag@xxxxxxxxxxxx>
> To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
> Cc: Metastock-list@xxxxxxxxxxxxx <Metastock-list@xxxxxxxxxxxxx>
> Date: Tuesday, June 09, 1998 5:58 PM
> Subject: Re: Commodity plays
>
> >tvk2@xxxxxxxx wrote:
> >>
> >> 9 June 4 pm. Not much change from yesterday. One possible play is PL8N
> >> with a possible Buy stop @ 364.75. Yes, I know, the general trend is
> >> Down-- this is just a possible Pop-up for a "quickie". T.C.
> >>
> >> _____________________________________________________________________
> >> You don't need to buy Internet access to use free Internet e-mail.
> >> Get completely free e-mail from Juno at http://www.juno.com
> >> Or call Juno at (800) 654-JUNO [654-5866]
> >
> >Do you trade thru Lind-Waldock? I have recently received a letter
> >discussing the availability of FutureSource on their website (for their
> >customers). Very revealing!! My charts indicated I should look for an
> >upmove in the Mark. The FutureSource seasonal database said the proper
> >move would be to sell the Mark. I have saved money this week.
> >
> >I ran the test on Platinum after I read your post. In the last 5 years,
> >the sell on 6/16 and buy on 6/19 was correct 4 of 5 years, correct 7 or
> >10 years. FutureSource is a huge database where you can select a
> >commodity and enter a list of conditions and designate a time frame for
> >entry and exit. The program will then return the seasonal trend based
> >on you conditions along with results for the period, then by year. L-W
> >is offering it free thru this month, then for a fee of $12 a month.
> >Looks like a good tool to put in the "box" for futures traders. Anyone
> >else have any experience with the program? I am feeling my way thru.
> >
> >Al Taglavore
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