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Hi Bob
Oh ya ... I always get a "hair crosswise" when traders imply that I'm being
a patsy for this putz. Too bad that they confused politeness with being a
dupe <G> Gee ... what can I say.
Then again I always like "snarly and snarky" rather than "smarmy and smiley"
in a good friend.
Best regards as always
Walter
----- Original Message -----
From: "Bob Jagow" <bjagow@xxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Thursday, May 04, 2000 6:35 PM
Subject: RE: DiNapoli Levels
| Sounds like you got a hair crosswise, Uncle Walt :-(
|
| -----Original Message-----
| From: owner-metastock@xxxxxxxxxxxxx
| [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Walter Lake
| Sent: Thursday, May 04, 2000 2:16 PM
| To: metastock@xxxxxxxxxxxxx
| Subject: Re: DiNapoli Levels
|
|
| Hi Neal
|
| The private emails from other traders just keep piling up ... all of them
| have some very nasty things to say about you ... and your "shill services"
| on behalf of the web site.
|
| If you are a shameless shill, then please stop what you are doing on this
| List.
|
| If not, then post the Metastock formulas here on the List.
|
| Walter
|
|
| ----- Original Message -----
| From: "Neal Hughes" <neal@xxxxxxxxxxxxx>
| To: <metastock@xxxxxxxxxxxxx>
| Cc: <wlake@xxxxxxxxx>
| Sent: Thursday, May 04, 2000 11:50 AM
| Subject: Re: DiNapoli Levels
|
|
| |
| | MetaStock traders,
| |
| | In response to numerous enquiries, here is some more
| | information about the DiNapoli formulas for
| | MetaStock. These formulas are downloadable for free from
| | DiNapoli's website http://www.fibtrader.com
| | but only for traders who have his book.
| |
| | I created those MetaStock formulas, from the
| | formulas provided in the appendix of Joe's book
| | "Trading with DiNapoli Levels".
| |
| | These formulas are not appropriate for all traders,
| | they are specifically suited to Discretionary traders
| | (as opposed to mechanical traders). Mechanical traders
| | are usually looking for simple buy-sell signals.
| |
| | Unfortunately, they do not provide simple buy-sell
| | signals, they are used to help quantify context for
| | a trade (trend, and setups for a predicted reversal
| | of trend). Once the context of a trade is known,
| | I then use DiNapoli's Fibonacci techniques to decide
| | on the specific entry, profit object, and stop-loss.
| |
| | All of this give you a framework to operate in, so
| | you know when you're right, when you're wrong, and what
| | to do about it in either case.
| |
| | The formulas are useless without the knowledge of how
| | to apply them in the markets. So using the formulas
| | alone is counter-productive, probably dangerous.
| |
| | There are many uses of the 7 formulas, I count 9 uses
| | alone for one of the formulas (filter out bad trades, control
| | risk, select most probable entry points, select preferred
| | profit objectives, predict overbought and oversold levels
| | for the next day etc). It's not practical for me to
| | explain it all via email, though I would if I could.
| |
| | The best way to learn how to apply the formulas is to
| | read Joe's book. If the price of his book is too high,
| | give him a call, I know that he sometimes gets a book
| | returned (30-day guarantee), so he may have a used one
| | at a lower price. Maybe. It doesn't hurt to ask.
| |
| | I know it's not great to hear that there is a cost
| | involved, but I can't do anything about that. I
| | do not receive any compensation from Joe's book
| | sales, and have no interest in whether you read his
| | book. I happen to think it's a great book, and get
| | consistent thanks from traders who I've referred to it.
| |
| | Let me know if I can be of more help.
| |
| | -Neal.
| |
| |
| | At 02:12 PM 5/3/00 -0400, you wrote:
| | >Thanks Neal ... I appreciate your help.
| | >
| | >I've seen DiNapoli Levels mentioned many times but never any
"specifics".
| I
| | >saw the web site that you mentioned ... wow ... "razzle dazzle ... send
| me
| | >the money".
| | >
| | >Best regards
| | >
| | >Walter
| | >
| | >
| | >----- Original Message -----
| | >From: "Neal Hughes" <neal@xxxxxxxxxxxxx>
| | >To: <metastock@xxxxxxxxxxxxx>
| | >Sent: Wednesday, May 03, 2000 11:05 AM
| | >Subject: Re: DiNapoli Levels
| | >
| | >
| | >|
| | >| At 08:08 PM 5/2/00 -0400, you wrote:
| | >| >Does anyone have this programmed in Metastock ... it's from the
Ensign
| | >List.
| | >| >
| | >| >"Is there a way to incorporate DiNapoli's variation of 'Fib levels'
| OP,
| | >| >COP, and XOP that are based on the 'C' point as opposed to the 'B'
| | >| >point used in 'Fib Levels'...where OP=B-A +C, COP=.618(B-A)+C, and
| | >| >XOP=1.618(B-A)+C . ..."
| | >| >
| | >| >Thanks
| | >| >
| | >| >Walter
| | >| >
| | >|
| | >| Walter, I don't know of any code to do this.
| | >|
| | >| The FibNodes software at http://www.fibtrader.com
| | >| does that and is compatible with DBC data feed used
| | >| in conjunction with MetaStock.
| | >|
| | >| -Neal.
| | >|
| | >|
| | >|
| | >
| |
| |
|
|
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