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Re: Building Blocks - Targets & Stops



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<DIV><FONT color=#000000 size=2>Jim,</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp; 
Thanks for the kind words!&nbsp; A quick answer is that I've changed.&nbsp; You 
know I can't resist tweaking my system &lt;G&gt;.&nbsp; I still like to look at 
charts on stocks I don't have a position in with the deviation on the short term 
standard deviation channel set at 2 when there isn't much data.&nbsp; Then after 
there is a little more data with at least one reaction, I change the deviation 
1.8, 1.5, 1.3, or 1 whichever is smallest that still envelopes all the data 
without intersecting any.&nbsp; However, over the last few months I got to 
thinking that using the different extremes for my target and stop might make 
more sense.&nbsp; I've now decided that it does and I set the target and stop on 
a deviation of 2 and 1, respectively as I described earlier today.&nbsp; For all 
my open positions I've now have my charts set up with the short term up trend 
channels&nbsp; constructed with a deviation of 1 even if data is intersected to 
give me a quick picture of how close I am to my stops.&nbsp; Then a couple of 
times a week I change the deviation to 2 to see if I should raise my 
target.&nbsp; If I'm close to the target, I even check it daily.</FONT></DIV>
<DIV><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp; Do you think that makes sense or do 
you like the old way better?</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>JimG</FONT></DIV>
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
    <DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From: 
    </B>Jim DeWilder &lt;<A 
    href="mailto:jdewilder@xxxxxxxxxxxxxxx";>jdewilder@xxxxxxxxxxxxxxx</A>&gt;<BR><B>To: 
    </B>metastock@xxxxxxxxxxxxx 
    &lt;<A 
    href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>&gt;<BR><B>Date: 
    </B>Saturday, December 05, 1998 6:17 PM<BR><B>Subject: </B>Re: Building 
    Blocks - Targets &amp; Stops<BR><BR></DIV></FONT>
    <DIV><FONT color=#000000 face=Arial size=2>Jim,</FONT></DIV>
    <DIV><FONT color=#000000 face=Arial size=2></FONT>&nbsp;</DIV>
    <DIV><FONT face=Arial size=2>I for one wish to thank you for the time you 
    have taken broaching these important issues and for sharing your strategies 
    that were no doubt gleaned from the school of hard knocks.&nbsp; I have one 
    question.&nbsp; Previously, you employed a process that, when enough 
    reaction points were evident, often used a standard deviation of 1.8, 1.5, 
    1.3 or 1.0.&nbsp; If I remember correctly, the standard deviation you chose 
    was that which would just encompass all of the data.&nbsp; Are you still 
    using this process.&nbsp; Or have you chosen to always stick with the 
    standard deviation 2.0.&nbsp; Again, many thanks for your 
    efforts.</FONT></DIV>
    <DIV><FONT face=Arial size=2></FONT>&nbsp;</DIV>
    <DIV><FONT face=Arial size=2>Jim DeWilder</FONT></DIV>
    <BLOCKQUOTE 
    style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
        <DIV><FONT face=Arial size=2><B>-----Original 
        Message-----</B><BR><B>From: </B>Jim Greening &lt;<A 
        href="mailto:JimGinVA@xxxxxxxxxxxxx";>JimGinVA@xxxxxxxxxxxxx</A>&gt;<BR><B>To: 
        </B>Metastock &lt;<A 
        href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>&gt;<BR><B>Date: 
        </B>Saturday, December 05, 1998 1:12 PM<BR><B>Subject: </B>Building 
        Blocks - Targets &amp; Stops<BR><BR></FONT>....... Then I set the 
        deviation at 2 and extend the channel to the 
right......</DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Sun Dec 06 09:03:54 1998
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From: "R.E.Turner" <rturner@xxxxxxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: Metastock/Stockedge Revisited
Date: Sun, 6 Dec 1998 07:04:31 -0600
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Larry,
Thanks for your response.  I've found that in order to download data from
stockedge/signal  you must specify the correct address in the Metastock
Options as CM1.DBC.com not the default.  This instruction does not appear to
be written in any manual.  With the correct internet address one can update
securities kept in a folder in the Downloader.

They must have figured the 50 symbol problem out since I constantly get a
Data Manager error that either limit my data collection to 50 symbols or
Data Manager will do it for me during its midnight run.

So far, l've spent 3-4 hours trying to configure Stockedge and Metastock and
managed to download exactly 1 bar of data for each symbol.  The metastock
setup instructions are not 1-2-3 clearcut by any means.  Thus am turning to
the metastock list for help in looking for a simple copy from Stockedge
window to paste in a Metastock window, that doesn't exist.
Russ