|
PureBytes Links
Trading Reference Links
|
Hello Bill,
Several Metastock users have asked for the formulas,
and I'd be glad to help in the same way as I've
been helped by Metastock users over the years.
I've talked to Joe DiNapoli about posting them
to the list, because they are his concepts and
are published on his proprietary web pages. For
me to distribute them without his approval
would be a breach of trust. This email is a result
of my discussions with him.
Posting the formulas on the Metastock list would
do a disservice to list members. This is because
the formulas are not useful, and are dangerous without
the theory on how to apply them.
The formulas are used for determining high-probability
trades, their entry points, profit objectives, and stop-loss
levels.
But the formulas cannot be followed blindly. It
is not a mechanical system. One of the DiNapoli
techniques is to fade the signals of one
of the formulas under specific conditions. This is
because that formula is used to determine
when traders are taking a popular indicator (Stochastic)
signal against the highly probable market direction.
In summary, the formulas are not useful, and are even
dangerous without the knowledge of how to use them.
Readers should visit DiNapoli's website for how to
learn to use the formulas (the formulas are available
free to DiNapoli clients).
I wish it could be as easy as posting a magical formula!
Unfortunately trading is not like that.
Best wishes,
-Neal.
At 12:15 PM 7/20/98 -0600, you wrote:
>Neal,
>
>Would you mind sending me a copy of those formulas? I don't have
>access to Mr. DiNapoli's private area. Mailto:support@xxxxxxxxx.
>
>Thanks.
>
>Bill Forman
>Customer Support Manager
>Equis International
>A Reuters Company
>
>> -----Original Message-----
>> From: Neal Hughes [SMTP:neal@xxxxxxxxxxxxx]
>> Sent: Monday, July 20, 1998 12:11 PM
>> To: metastock@xxxxxxxxxxxxx
>> Subject: Re: Metastock & DiNapoli Levels
>>
>>
>> At 11:06 PM 7/19/98 -0500, you wrote:
>> >Hi all,
>> >
>> >For anyone who has read the DiNapoli book, can Metastock handle his
>> fib
>> >retracement strategies, or will I need to purchase his software? I
>> >haven't read the book yet, but I am considering purchasing it.
>> Thanks
>> >for any help.
>> >
>> >Chip Franklin
>> >chipfranklin@xxxxxxx
>> >
>>
>>
>> Hi Chip, I'm one of the "experts" on Joe
>> DiNapoli's client proprietary web pages.
>>
>> I also use Metastock, and posted the
>> Metastock formulas for his studies on those
>> web pages. You do not have to buy the
>> Coast Investment Software Trading
>> Package, but that package does have the Oscillator
>> Predictor, which cannot be programmed into
>> Metastock (you can do without it though).
>>
>> -Neal.
>> ---
>> DiNapoli Fibonacci techniques -
>> http://www.fibtrader.com
>>
>>
>
---
DiNapoli Fibonacci techniques -
http://www.fibtrader.com
|