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Steve, that is great. You probably know the wheat mkt in your sleep.
Specializing in one mkt gives you deep knowledge. Not sure I can add
anything but I use GET to determine the Elliott wave. If you don't have GET,
can use 5/35 oscillator to determine extremes.
Normally I buy only down mkt turning around. Something akin to CANSLIM.
I use Volume (mostly for stocks) to see if buyers are entering mkt.
I use ADX to tell extremes. Often I let it go to 35 and watch for a drop.
Finally I enter with MACD signal when lines cross going up using 8,34,55.
Some use 8,35,89. Gives great visual presentations and is quite but not
always accurate. Finally I love an up breakout of a down channel to get it
out of the downturn. When that happens, I hold about 3 days and get out and
wait for a retracement to the new channel before I buy. Let me know what
you think of this TONY
-----Original Message-----
From: Steve Karnish <kernish@xxxxxxxxxxxx>
To: MetaStock-List <metastock@xxxxxxxxxxxxx>
Date: Thursday, July 16, 1998 1:55 AM
Subject: Thanks to: Jim, Brooke, Ton, Jan, Ted, Bill
>For all that contributed to the Bollinger Band Width
>inquiry...many thanks! I trade millions of bushels of wheat
>each month and am constantly searching for improved approaches.
>I started with simple moving averages in 1975 and have
>continually improved and refined my approach to both the futures
>and equity markets. "Zero sum" (commodities) is a much larger
>challenge than the "big cash register in the sky" (stock
>market). I can't get very excited about people posting that
>they have an X % gain over X amount of days or weeks. I get
>real excited when someone shares an approach that might point to
>profits in up, down, and choppy markets. So, share your
>approaches, formulas, and trading wisdom; it will come back to
>you in spades. Save your: "I'm up 122% this week" war stories.
>We all have bragging rights: I've traded wheat 33 times this
>year and have net a net profit of over $6,000/contract. Big
>deal! I'm not special, I'm just a hard working "slug" who still
>needs all the help and support this forum can provide. This is
>a great arena to share knowledge, approaches, and formulas.
>Again, many thanks for responses to my question.
>Steve Karnish
>CCT
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