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I would like to echo Steve's comments. I already know what people who
think like me are gonna say. It's people who think differently that I
really need to hear from. I always look forward to your posts. And
Steves and Jims and Harleys and Walters and many others.
John Manasco
Steve Karnish wrote:
>
> Al,
>
> Thanks for your response. I don't know what time zone you're
> in...but I have to get up at 5:30 am and I still miss the
> opening for a couple NY markets. I agree with all that you say.
> I only take issue with your comments about not making very many
> contributions to the list because your views of TA are different
> than most. It seems to me that your "different" TA views would
> be a lot more interesting than my "dribble" about candlesticks
> or momentum oscillators (as if those topics haven't been
> explored). I must admit, most of my contributions to the list
> are to try to stimulate or provoke responses so I might be able
> to learn something new. Plus, I stink up the joint when it
> comes to writing formulas (people have been very kind with their
> help).
>
> Because, "we trade our minds", I've considered a lobotomy on
> several occasions. If only I could separate emotions, self
> doubt and ego from this math...I might actually be on to
> something. I've tried to emulate the opening scene in
> "Caddyshack" when Chevy Chase puts on the blindfold and starts
> chanting: "See the ball, be the ball". Of course, I chant: "See
> the market, be the market" and before too long I chicken out and
> rip the blindfold off and start trying to find an "evening star"
> formation on the charts. Oh well, at least I realize that I
> don't know very much about TA. What I know, I try to share.
> You're one of the good guys Al; even though you don't have to,
> step up to the plate more often. At least let us watch you take
> batting practice!
>
> Steve Karnish
> CCT
>
> ----------
> > From: Al Taglavore <altag@xxxxxxxxxxxx>
> > To: metastock@xxxxxxxxxxxxx
> > Subject: Re: commodity traders
> > Date: Monday, August 31, 1998 2:13 PM
> >
> > Steve, I sent the post with tongue-in-cheek (check the hour..I
> think you
> > and I are the only ones on this list up at this hour).
> >
> > To answer your question, however, I have been taught to sell
> new lows and
> > buy new highs. Views on the grains? I have no views. I
> would be glad to
> > share with the list my views on the direction of the DMark and
> TBond as you
> > have asked, but again, I have no views. Not trying to be a
> smart-ass, but,
> > as I have stated in previous posts, I try very hard to have no
> bias: just
> > trade the markets I follow. I do understand the postion you
> are in:
> > advising clients, and that is a heavy responsibility.
> >
> > Understand my position. I am like a baseball player in a game
> where there
> > are no called strikes. I can sit back and select my position.
> I can go
> > days without a position. I do not account to anyone. Very few
> can predict
> > a market as poorly as I can. Larry Connors ("Street Smarts")
> went at
> > length to explain that if you have a bias, you can miss the
> move. Mark
> > Douglas and Bob Koppel have repeatedly preached that you don't
> know, you
> > will never know, and you don't need to know.
> >
> > I am slow, and it has taken me two years to understand what
> they were
> > teaching. In the last year, I have had one of my most
> profitable trading
> > years because I realize that I will never know what the next
> tick will be,
> > or when the trend changes. I just try to react to whatever
> the market is
> > doing; I take my profits too quick. Bill Williams stated
> many times that
> > we trade our mind, not the market.
> > I do not make a great deal of posts to this List because I
> understand that
> > my views of TA are not the same as most others. But I do
> glean some very
> > good ideas from many of the posts. Particularly enjoy your
> posts along
> > with Richard, John, Harvey and Rick, among others.
> >
> > Al Taglavore
> > ----------
> > > From: Steve Karnish <kernish@xxxxxxxxxxxx>
> > > To: metastock@xxxxxxxxxxxxx
> > > Subject: Re: commodity traders
> > > Date: Monday, August 31, 1998 8:44 AM
> > Steve Karnish wrote:
> >
> > Snip-snip-snip
> >
> > ... Are you suggesting a short position here? I'd love to
> here your
> > > views on the grains. The grains will bottom in the
> immediate
> > > future (this week, September, October). ...
> > >
> > > Al, I gather from previous post that you trade the D-Mark,
> long
> > > bonds, Euro's. Can you share with the list your views on the
> > > direction of these markets?
> > >
> > > Trading in Idaho (long the Mark and Bonds),
> > Steve Karnish
> > > CCT
> > Snip-snip-snip
> > > > From: Al Taglavore <altag@xxxxxxxxxxxx>
> > > > To: metastock@xxxxxxxxxxxxx
> > > > Subject: Re: commodity traders
> > > > Date: Monday, August 31, 1998 12:45 AM
> > > >
> > > > Aren't we supposed to sell new lows, buy new highs? "The
> trend
> > > is your
> > > > friend" (until it ends)
> > > >
> > > > Al Taglavore
> > > >
> > > > snip-snip-snip...
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