Re: Norman and sugar

["Steve Karnish" <kernish@xxxxxxxxxxxx>]

Coppock Curve (it's like a split-finger fast ball) :

(ROC(CLOSE,14,percent )*10 + ROC(CLOSE,11,percent)*10 + 
  ROC(Ref(CLOSE,-1),14,percent)*9 +   ROC(Ref(CLOSE,-1),11,percent)*9 +
  ROC(Ref(CLOSE,-2),14,percent)*8 +   ROC(Ref(CLOSE,-2),11,percent)*8 +
  ROC(Ref(CLOSE,-3),14,percent)*7 +   ROC(Ref(CLOSE,-3),11,percent)*7 +
  ROC(Ref(CLOSE,-4),14,percent)*6 +   ROC(Ref(CLOSE,-4),11,percent)*6 +
  ROC(Ref(CLOSE,-5),14,percent)*5 +   ROC(Ref(CLOSE,-5),11,percent)*5 +
  ROC(Ref(CLOSE,-6),14,percent)*4 +   ROC(Ref(CLOSE,-6),11,percent)*4 +
  ROC(Ref(CLOSE,-7),14,percent)*3 +   ROC(Ref(CLOSE,-7),11,percent)*3 +
  ROC(Ref(CLOSE,-8),14,percent)*2 +   ROC(Ref(CLOSE,-8),11,percent)*2 +
  ROC(Ref(CLOSE,-9),14,percent) +   ROC(Ref(CLOSE,-9),11,percent))/2

Steve Karnish
CCT
----------
> From: Lionel  Issen <lissen@xxxxxxxxxxxxxxxx>
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: Norman and sugar
> Date: Friday, July 30, 1999 7:48 AM
> 
> Steve:
> 
> What is the Coppock curve?
> 
> Lione Issen
> ----- Original Message -----
> From: Steve Karnish <kernish@xxxxxxxxxxxx>
> To: <metastock@xxxxxxxxxxxxx>; <realtraders@xxxxxxxxxxxxxxx>
> Sent: Friday, July 30, 1999 12:35 AM
> Subject: Norman and sugar
> 
> 
> > Realtraders & MSers,
> >
> > For two months this spring, I promised myself everyday if sugar dipped
> > below 4 cents that I would buy two contracts. If it proceeded to dip
> below
> > 3 cents, I would buy two additional contracts and was prepared to pick
up
> a
> > couple more below 2 cents.  On 4/28 I filled at 3.98 and 4.06 in July.
> The
> > following day affected a number of technical indicators.  The candles
> > signaled a nice variation of a three day "morning star" pattern (with a
> > nice hammer in the middle).  I monitor about eight momentum indicators
> and
> > even the slow moving (but, quite directional) Coppock Curve turned up.
> On
> > 4/30, after staying up to midnight calling anyone who would listen, I
> > bought July contracts all during the session, filling between 4.36 and
> > 4.52.  I rolled to October contracts when volume started to exceed
> Julys'.
> >
> > For the more agressive traders, I sold between 6.20 and 6.50 and bought
> > back in the 5.40 to 5.50 range.  The majority of my folks want to ride
> this
> > one into the sunset.  I guess when you get people all whipped up about
> > sunspots, La Nina and 50 and 70 cent sugar, it's hard to get them to
> cover
> > their long positons.  Norman makes a great point:  how much risk does
one
> > have with 4 cent sugar?   Also, use all the tools in the toolbox.
> Candles,
> > momentum oscillators, fib retracements, and common sense (and if
throwin'
> > the bones helped, I'd be doin' it) go a long way to make this one of
> those
> > memorable position trades.  I'm mostly a "holy grail" mechanical swing
> > trader and I'm seldom in a position for more than 5 days...but there
are
> > times when the risk to reward calls for position trading:  crude in
> > December, unleaded in February, sugar in April, ... wheat in August (is
> it
> > really going to two bucks)?
> >
> > Steve Karnish
> > CCT