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Tony, how much of an "up breakout of a down channel" do you look for? Do
you have an exploration written to find these breakouts? Thanks.
Hans
-----Original Message-----
From: Tony Harring <greatsigns@xxxxxxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Thursday, July 16, 1998 7:00 AM
Subject: Re: Thanks to: Jim, Brooke, Ton, Jan, Ted, Bill
>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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