|
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 4.72.3612.1700"' name=GENERATOR>
</HEAD>
<BODY bgColor=#ffffff>
<DIV><FONT color=#000000 size=2>ALL,</FONT></DIV>
<DIV><FONT color=#000000 size=2> DELL closed below my
stop today so I'm going to reduce my position by closing my stock position
tomorrow. However, it's only a few points above the bottom of a long term
up trend channel so I'm going to hold on to my LEAP options thinking that it
will probably hold. I'm also going to open a position in RDC. As you
know this is my all time favorite deep water driller and I have tried to catch
the bottom on it a couple of times. It broke out of its Long term Down
trend Channel last week and moved sideways to near the bottom of my new short
term Up trend Channel, so this may be it <G>.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>JimG</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Mon Mar 22 21:11:58 1999
Received: from listserv.equis.com (204.246.137.2)
by mail02.rapidsite.net (RS ver 1.0.2) with SMTP id 22771
for <neal@xxxxxxxxxxxxx>; Tue, 23 Mar 1999 00:00:11 -0500 (EST)
Received: (from majordom@xxxxxxxxx)
by listserv.equis.com (8.8.7/8.8.7) id MAA09407
for metastock-outgoing; Tue, 23 Mar 1999 12:31:58 -0700
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 MAA09404
for <metastock@xxxxxxxxxxxxxxxxxx>; Tue, 23 Mar 1999 12:31:55 -0700
From: lorenab@xxxxxxx
Received: from icamail.ica.net (icamail.ica.net [209.151.129.144])
by freeze.metastock.com (8.8.5/8.8.5) with ESMTP id VAA00940
for <metastock@xxxxxxxxxxxxx>; Mon, 22 Mar 1999 21:24:55 -0700 (MST)
Received: from lorenab (unverified [209.151.142.217]) by icamail.ica.net
(Vircom SMTPRS 1.0.177) with SMTP id <B0001710671@xxxxxxxxxxxxxxx> for <metastock@xxxxxxxxxxxxx>;
Mon, 22 Mar 1999 23:15:34 -0500
Message-Id: <3.0.3.32.19990322231607.00767ecc@xxxxxxx>
X-Sender: lorenab@xxxxxxx
X-Mailer: QUALCOMM Windows Eudora Light Version 3.0.3 (32)
Date: Mon, 22 Mar 1999 23:16:07 -0500
To: metastock@xxxxxxxxxxxxx
Subject: Re: Day-trading indicator suggestions
In-Reply-To: <199903212045.WAA09267@xxxxxxxxxxxxxxxxx>
Mime-Version: 1.0
Content-Type: text/plain; charset="us-ascii"
Sender: owner-metastock@xxxxxxxxxxxxx
Precedence: bulk
Reply-To: metastock@xxxxxxxxxxxxx
X-Loop-Detect: 1
X-UIDL: f8bdccb20ff7f1baba79ec912b0bb106.32
Gila,
Thanks for your input. It couldn't have come at a more ideal time as I'm
heavily into my day trading research. My next step is to set up a Level II
acct. I'll probably go with Watley as they offer instant execution on
options as well as securities.
BTW, when you day trade, what time frame(s) do you use? And do you use
candlesticks as well?
thx
Lorena
At 10:53 PM 21/03/99 +1400, you wrote:
>Lorena,
>
>I gave up on Signal and Metastock Pro for the same reason. I kept MS Pro
>anyway, but cancelled Signal. I now use Real Tick III connected to a
>Level II firm. I think this is the best way to go for daytrading. Of
>course, in Real Tick you can't customize indicators or add any formulas
>of your own. This has, however, been somewhat of an advantage. Having no
>choice but to keep it simple, I've been trading with a basic MACD and
>chart patterns, while considering the movements of the market makers on
>Level II and Time of Sales.
>
>I highly recommend that you adopt Real Tick III or CyberTrader or
>something similar. If Metastock wants to compete in the realtime market,
>I think the program has to be drastically different. Right now, it is
>just like the EOD program, but it accepts real-time data. However, the
>daytrading environment is just better served with a format like Real Tick
>or CyberTrader (both of which could use improvement, but they're okay).
>
>Gila
>
>
>
>>Winthorpe,
>>I too dabble in day trading. I find that a good way of filtering out noise
>>with stocastics and RSI especially, is to use candlestick analysis. In Greg
>>Morris's book, Candlestick Charting Explained, he includes a section on
>>using sticks together with different indicators. I was especially impressed
>>with the combination of stocastics and sticks. He also includes his back
>>testing stats on various combinations. His testing is quite extensive and
>>his numbers are very impressive.
>>
>>BTW, how are you finding Signal? I actually returned Meta Pro because
>>Signal provides no historical intraday day. For me this was a major
>>drawback as I found I couldn't build a reliable chart without a few days of
>>data that I had to collect myself. How are you getting around this problem?
>>I now use Meta 6.5 for short- and long-term trading and am exploring Real
>>Tick III for day trading.
>>
>>Lorena Beccari
>>
>>At 02:32 PM 17/03/99 -0800, you wrote:
>>>I've just signed up with Signal Online and bought a copy of Metastock
>>>Professional. My objective is to start day trading utilizing Level 2
>>>quotes along with the aid of technical analysis on a tick by tick basis.
>>>Would be curious to hear from other day traders in the types of
>>>indicators they are currently using with the parameters that they have
>>>had the best luck with. I'm currently using RSI, MACD, Momentum, and
>>>Stochastic...still experimenting with 14....9....and 3 parameters.
>>>Anyone care to expand on this discussion?
>>> Much Thanks,
>>> Winthorpe
>
|