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My GET program changes color to Blue to indicate when to buy. If you don't
have GET, you can buy upon close above the upper downtrend line, being very
aware that often it is a false breakout. If you want to be safer, but still
not 100% then wait for the market to return to the down turn upper channel
and if it breaks the first up move high, chances are good for a turn around.
I like to see increased volume around the time of change for about 5 - 10
days prior and including the breakout. GET has a way to tell of the
breakout. Probably could program it in Equis but haven't bothered since GET
is my primary program.
-----Original Message-----
From: Hans T. Hingst <hhingst@xxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Tuesday, July 21, 1998 2:49 PM
Subject: Re: Thanks to: Jim, Brooke, Ton, Jan, Ted, Bill
>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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