|
PureBytes Links
Trading Reference Links
|
David,
Really not trying to be wise. Have re-read your questions and gone
back to some charts in an attempt to write more precisely. One clipping
comes to mind. Joe Montana was asked what goes though his mind when he
senses the snap and feels the ball in his hand and he hears all of the
leather popping. His reply was, man, if you think about it, you'll
screw it up.
Well, I have studied successfull chart moves for many years. I do not
run explorations, because I do not know how. I do not know oscillators,
but I know if today's low tests yesterdays low and holds, then
tomorrow,I want to buy the high of today plus n tics. (see KSU for 7/2,
7/6).
Today, I bought ONE and ABT. Yesterday I bought HDI (actually, I have
bought
HDI three times in the past few days. On 7/6 I bought KSU. 7/8 I
bought AFL.
TLB is another buy (did sell a bit early.) See FMO for another
example. I will re-enter that trade at 72 1/4. If I can make 1-1 1/2
points on a 200 or 300 share trade in two/three days, I am happy.
Remember, I trade bonds and currencies, and holding a position from 7:20
till noon is akin to a short lifetime.
No, I am not using 52 week high. I want the stock to have made three up
thrusts over the past three months, and I want to see a bottom and a
successful retest of that bottom. Then, I will trade off of the high
set in that time frame. I also want the stock to trade above the 20 day
EMA of the median price. Next day's action must TRADE .25 above the
previous day's high. (Stock has to trade above yesterday's high to keep
going up.)
David, you may be very proficient at formula writing. Look at the ES98U
contract. The days of 7/8,9,10,13,14 indicate what I am trying to
convey. I took a "hit" on 7/10 but today sure made up for it.
Now, the hidden purpose of this lengthy post is that while my trading is
profitable, if some of you folks that do a lot of formula writing and
explorations could describe how to write this into MS language, perhaps
it would give more trading opportunities. I feel that I can keep at
max, about 200 stocks in my data base. Even then, I have to divide them
and took at them every other day.
Hugh, it has been over 100 degrees each day for the past 13 days.
Sunday, 105 broke the all time record for that date. Today's 102 was a
blessing. Dallas is baking in Triple digits. Enjoy the canoe trip.
Al Taglavore
David Walton wrote:
>
> Geez, what a mad rush on this system, eh? Rajesh, you'd better post
> your system quick if you are going to get any list member's time to
> critique it since it sounds like everyone is going to be writing system
> tests and explorations on Al's over the rest of the week. ;-)
>
> Al, thats a pretty tall statement -- lets pin 'ya down on the specs:
>
> 0. WE ARE PROPERLY ADMONISHED -- THIS MARKET ONLY
>
> 1. MAKES A NEW HIGH -- as in 52 week, right?
>
> 2. NEXT DAY'S ACTION -- must CLOSE .25 above previous day's high, right?
> You said "exceeds" so that is a little vague. I can't write a function
> that says "Al was a little vague on this point..."
>
> You were explicitly clear on the sell, thanks.
>
> ----Original Message Follows----
> From: "Al Taglavore" <altag@xxxxxxxxxxxx>
> To: "MetaStock List Group" <metastock@xxxxxxxxxxxxx>
> Subject: Simplicity
> Date: Tue, 14 Jul 1998 14:49:10 -0500
> Reply-To: metastock@xxxxxxxxxxxxx
>
> To Richard, David, Rajesh, and all. I do believe I have found the Holy
> Grail IN THIS MARKET. I normally trade only the T-Bond and currencies,
> but, because of the last 3-4 weeks of extreme volatilityin the bond and
> currency markets, trading was beyond my risk/reward factor. As such, I
> returned to my small database of stocks. I immediately saw an
> opportunity.
> My last 12 trades have been very profitable. I will share my
> discovery.
> If the stock makes a new high, then exceeds the high by 1/4 of a point,
> buy.
> That's it. Simple. Not looking for bottoms or triangles or
> head&shoulders. No oscillators. No indicators. If the stock closes
> 1/4
> below the previous day's low, close the position.
>
> Remember, guys, I said "in this market". Like Richard implied, a bull
> market makes many of us look good.
>
> Al Taglavore
>
> ______________________________________________________
> Get Your Private, Free Email at http://www.hotmail.com
|