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A.J.Maas,
Appears to have been a rather interesting weekend on this list! Funny how
quickly you can learn to 2-step when you have to. I have been purposely
silent this weekend for the simple fact that some time ago in life I learned
that it is the wise man who waits his best opportunity, then captures the
moment. It would be easy to take advantage of this situation but I won't do
that as I am sure we ALL would like to move forward.
You have mentioned on several occassions that this list is dedicated to
learning Metastock and effective trading analysis. To that I would agree but
I would also remind you that Metastock is a tool which can be used by a
large number of persons, all with varying degrees of application. Metastock
simply provides the tools, we as individuals must learn the application...
that application is whatever we feel to be the most rewarding for our
purpose. Should an individual desire to trade using moon phases as their
method then that is their perogative; whether you or I agree with it or not.
As well, should I desire to utilize Metastock to advise me of the proper
moon phase and have that displayed on my chart then I certainly have the
right to do so. This is a public forum to be shared by all. Your views as
well as mine should always be welcomed. Adam and I were sharing our views on
different methods to visualize a chart. Unconventional...SURE, but so what!
You may have seen little benefit in our proposals. I can assure you that in
this instance you were very wrong as I for one was able to use it along with
several other tools derived from list contributors to put together a very
good expert/system.
Finally, I would close by adding that trading does not have to have a
single path to success! It is indeed a collection of many varying methods
which ALL can lead to reward!
J.
>From: "A.J. Maas" <anthmaas@xxxxxxxxx>
>Reply-To: metastock@xxxxxxxxxxxxx
>To: "Metastock-List" <metastock@xxxxxxxxxxxxx>
>Subject: Re: Expert....
>Date: Sat, 6 May 2000 00:06:57 +0200
>
> > I must say that your letter has encouraged me....It's comforting to know
>that I am not
> > the only one who has spent long hours trying to learn this business. In
>fact I now understand
> > (after reading your letter) that it could take me many more years of
>study
>-----snip------
>
>Yep. And also going through the inevitable times of excellent beautifull
>gains and times of heartbreakin' losses.
>This since that it is all part of this thing you do : merchandising (eg
>investing trading).
> Now like any good professional commercial merchandiser's spirit
>would do:
> ****** is not to cut your losses, but to prevent in making
>them(losses) *****
>That can be easy achieved in many ways, of which TA is only one (but also a
>BIG one) of the many ways available.
>Go for the winners(by filtering) and stay the hell away from the "unknown"
>gambles. And like Bill & Fleetwood Mac
>sang: "Go your own way", thus also filtering out the heaps of trash
>information that is around you.
>That filtering out the SHIT should be, eg no IS (at the) top (of the)
>priority(-list).
>
> > Thanks for the tip on the Edwards&Maggee book, I will put that on my
>list to buy.
> > I agree with you that who writes an expert isn't the issue, but to use
>the
>best one possible is
> > the main goal....and I understand that was the reason you posted your
>reply to J Seed. But
> > J. was referring to the Expert that I mailed to you yesterday...not my
>old
>one (yours is probably
> > still better than my new one).
>
>I was replying to the thread "in general", to you+J+all and not to J in
>particular. Tho, visualy the coloring of bars is
>of great visual effect, I do not find it of great practical(read:
>warning+informative) effect.
>This since it(this coloring) is trend following, eg coming AFTER, instead
>of
>looking ahead or telling anything differently
>eg thus being of "warning+informative" nature.
>Using the many 'experts' that have been created, eg the many
>indicators(+sytems) on and off List, can be of much
>better value + help to one's filter(see above).
>
> > Ton, have you posted your system? If you have, I apologies for
> > not remembering, but the main code I can remember is your Fractional
>Levels.
>
>What expert system you refer to? The Basic Momentum, is the ST-IMT system
>signals that I continuesly regurlarly
>post to the List (Diamantiferous), of which I think knowing it now as the
>Bias Momentum (in stead of Basic
>Momentum BM) would be better covering its workload.
>Also the next up Coppock and RSIderivative(a more aggressive RSI) experts
>have been (re-)posted recently.
>The Decimal Fractions Retracements are statistic measures, and cannot be
>classified as being an expert as such.
>They help tracing the overall trader's phsycologic in markets, but cannot
>prefent ending up holding the loosing sticks
>at the end of a Trade.
>The levels are more to be seen as guides to possible targets(S&R) for
>trader's price barriers, not for natural
>human price barriers. Trends of late have clearly shown the diverence
>between Trending markets(where people hold
>on to their positions much longer) and sideways/down corrective markets,
>where more (short term) trading activity
>is taking place.
>
> > I have also attached a chart to a word.doc...is this what you suggest
>(seems a little large)?
>
>Yep, except that for some reason the JPEG format is being used (use JPEG
>for
>"scanned images(like photo's" only)
>and (use GIF or PNG for "plain images"), most likely since that the image
>file stems from the use of another program.
>Off List I have posted you the methods with example images packed into a
>Word file(doc.132 kB), which you should
>then Open in Word and then also "Save as HTML", so as to get the images out
>as seperate GIFs and a HTML file
>that you can use as Mail's wallpaper, eeh stationairy !!.
>
>Regards,
>Ton Maas
>ms-irb@xxxxxxxxxxxxxxxx
>"please spam" (including the dot) when replying.
>Homepage http://home.planet.nl/~anthmaas
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