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Ton
It's hard for us since we do absolutely no charting at all. In fact,
charting tends to confuse us, in so far as our system is pretty good at
picking tops and bottoms. Just that we sometimes get caught. One of the
things I'm working on now, is trying to determine whether or not using our
intermediate trend as a guide, we should take a second look at charts.
I've saved all of your posts and hopefully I'll get some time to try to make
some sense out of them. I also just purchased Visual Basic 6 Professional
and what appears to be a great book, so I'm starting to get serious here.
My question to myself is, should I continue on and interface my Excel
spreadsheets with my MS data or should I write a complete VB system to stand
alone????
I'll try to spend some time on it this weekend. Hopefully, my 8 year old
will be with a friend on Saturday, he has a basketball game Sunday morning
and a play date and birthday party on Monday (no school).
Regards
Guy
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of A.J. Maas
Sent: Friday, March 12, 1999 4:34 PM
To: metastock@xxxxxxxxxxxxx
Cc: derksenf; Jan Diederik Haas de; KLPD, Jan; LuudMaas2; Onno
Goedknegt; Rene Dennesen; rijt, wil v.d.
Subject: Re: stopped out this AM
An excellent stop it was indeed.
Except for that the action of "shorting the SPX" should not have been
signaled by
the system in the first place, this too is also very easy for me to say, now
afterwards,
after "the deed has been done" but, the reason is that the Price(SPX) did
not make
a move "out of its (at that time current) trading range", eg therefore
taking in a long
or short position is always at that point a kind of gamble (I too have been
both lucky
and (lately) unlucky "gambling"), eg taking in the same type of positions
"prior to a
next possible move" (this time "out of a channel").
Now that it has left its former trading range(=horizontal trend channel)
stack another
channel (same hight/width) on top of it, and if the Price(SPX) can hold this
breakout
for >3 days and >3%+ then new targets can be set on the new channel's
upper-side,
eg the next very possible resistance barrier(=trend channel's resistance
line).
Also from drawing a rising support line, formed alongside by the latest
corrections'
bottoms, will give the current ST trend-channel's bottom halve. Then to
right-click the
Price(SPX) indicator and to click on Create Parallel Line will give the
upper halve,
when you place the rising resistance line(eg the parallel line) on top of
the latest tops.
>From clicking the Extend To Right command on both lines, now a nice IMT
UpTrend
Channel is visable and future targets can be set on the "coinside points"
crossings
with the further above mentioned new "doubled" stacked HTC's upper
resistance line.
Finaly, the DIAMOND (breakout) and the Linear Regression Channels confirms
the
further rising of the ST UpTrend and to sort of set the Targets.
(See attached SP500-0312.GIF below).
Guy, will get back to you on your OLE question, when I find some time to
write the
mail (have got a few too many job-obligations at the moment).
Regards,
Ton Maas
ms-irb@xxxxxx
----- Original Message -----
From: Jim Greening <JimGinVA@xxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: vrijdag 12 maart 1999 3:39
Subject: Re: stopped out this AM
>Guy,
> My chart shows that the SPX did break out to an all time new high
>today, so I'd say that was an excellent stop.
>
>JimG
>-----Original Message-----
>From: Guy Tann <grt@xxxxxxxxxxxx>
>To: Metastock <metastock@xxxxxxxxxxxxx>
>Date: Thursday, March 11, 1999 10:04 AM
>Subject: stopped out this AM
>
>
>>Jim
>>
>>Well, we hit one of our losers and stopped out of our S&P short this
>>morning. Doesn't pay to fight the trend.
>>
>>Guy
>>
>>
>
>
>
>
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