|
PureBytes Links
Trading Reference Links
|
<x-html><!DOCTYPE HTML PUBLIC "-//W3C//DTD W3 HTML//EN">
<HTML>
<HEAD>
<META content=text/html;charset=iso-8859-1 http-equiv=Content-Type>
<META content='"MSHTML 4.72.3110.7"' name=GENERATOR>
</HEAD>
<BODY bgColor=#ffffff>
<DIV><FONT color=#000000 size=2>Does anyone have DJIA data going back before
September 1988?</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>If so, I would really appreciate if someone
would be so kind to share that data with me.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Thanks,</FONT></DIV>
<DIV><FONT color=#000000 size=2>Joel</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2><A
href="mailto:beck@xxxxxxxxxxxxxx";>beck@xxxxxxxxxxxxxx</A></FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV></BODY></HTML>
</x-html>From ???@??? Thu Sep 03 17:07:05 1998
Received: from 204.246.137.2 (204.246.137.2)
by mail02.rapidsite.net (RS ver 0.3) with SMTP id 2323
for <neal@xxxxxxxxxxxxx>; Thu, 3 Sep 1998 18:32:46 -0400 (EDT)
Received: (from majordom@xxxxxxxxx)
by listserv.equis.com (8.8.7/8.8.7) id OAA08661
for metastock-outgoing; Thu, 3 Sep 1998 14:50:32 -0600
X-Authentication-Warning: listserv.equis.com: majordom set sender to owner-metastock@xxxxxxxxxxxxx using -f
Received: from freeze.metastock.com (freeze.metastock.com [204.246.137.5])
by listserv.equis.com (8.8.7/8.8.7) with ESMTP id OAA08657
for <metastock@xxxxxxxxxxxxxxxxxx>; Thu, 3 Sep 1998 14:50:27 -0600
Received: from luna.worldonline.nl (luna.worldonline.nl [195.241.48.131])
by freeze.metastock.com (8.8.5/8.8.5) with ESMTP id PAA06832
for <metastock@xxxxxxxxxxxxx>; Thu, 3 Sep 1998 15:00:32 -0600 (MDT)
Received: from frans (vp208-14.worldonline.nl [195.241.208.14])
by luna.worldonline.nl (8.8.5/8.8.5) with SMTP id WAA21833
for <metastock@xxxxxxxxxxxxx>; Thu, 3 Sep 1998 22:52:08 +0200 (MET DST)
Message-Id: <1.5.4.32.19980903205215.006c1e08@xxxxxxxxxxxxxxxxxxxxx>
X-Sender: derksenf@xxxxxxxxxxxxxxxxxxxxx
X-Mailer: Windows Eudora Light Version 1.5.4 (32)
Mime-Version: 1.0
Content-Type: text/plain; charset="us-ascii"
Date: Thu, 03 Sep 1998 22:52:15 +0200
To: metastock@xxxxxxxxxxxxx
From: derksenf <derksenf@xxxxxxxxxxxxxx>
Subject: Re: proven correct
Sender: owner-metastock@xxxxxxxxxxxxx
Precedence: bulk
Reply-To: metastock@xxxxxxxxxxxxx
X-Loop-Detect: 1
Hi Walter,
How do you know so well about the flower-auction in Aalsmeer ? It's located
about 30 miles from here (Almere) which is a 100.000 inhabitants town about
15 miles east from Amsterdam.
And where are you located or did I miss out on that one ?
Follow the correct-trading discussion about being "proven correct" with
great interest.
I finished reading Phantom two weeks ago. It's the best I read over the last
couple of years.
Today I tried to put Rule 1 into practice. As the position went immediately
against me I scaled out for some losses, not letting the market tell me I
was wrong. So I felt good untill the market came back very quickly, taking
out my original entry, but this time without me... If I had held on I could
have made a "small fortune"at the end of the trading day.
Quite an experience. POP says about this situation that you're better of in
the long run. I learned from it that I have to be prepared for everything,
while planning my trades. In this case especially for a reentry.
Thanks a lot for pointing me to the MAE in MS. Untill today I missed out
completely on that very important info.
I'm going to play with all the technical suggestions on exits this weekend.
Did you already receive Kaufman's book ? If it's not available just yell and
I'll send you photocopies by snail-mail.
Frans
you wrote:
>Hi John
>
>I base "proven correct" on MAE, (Maximum Adverse Excursion). John Sweeney's
>book "Campaign Trading" has a complete discussion on how to use MAE in
>trading. MAE is found in Metastock in the System Tester --> Summary
>Report --> System Reports --> "Trade" Tab --> 5th column + highlight
>individual trade --> Inspect.
>
>The MAE column lists all of the MAE's for the trades made. These are put
>into "bins".
>
>Then I look at the trades to see the time factor: i.e., did the trade
>wander, take off, or go south, etc.
>
>"Proven correct" is the resulting time and distance calculation required to
>maintain the trade after entry. For day traders whose entry criteria is
>11:30 or noon based on opening range then "proven correct" may be 1/2 hour
>before close. For longer term traders, "proven correct" would be calculated
>in days. Each tradable: stocks, funds, commodities, options needs to be
>researched for the specific criteria.
>
>I think of the NASA moon launches, You have lift off, with all of the
>stresses and strains to achieve earth orbit. Mission control asks each
>station for a status report. Only if "proven correct" is the lunar mission a
>"go".
>
>Safety stops are very real and are an integral part of my emergency plan on
>how I am going to trade my way out of a fast market which is going against
>me, whether it be commodities using options, or stocks in the face of a poor
>earnings report. Maintaining a cool head is hard enough, but without an
>emergency plan I'm sunk.
>
>So, each trade demands planning.
>
>Best wishes
>
>Walter
>
>
>
>
|