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That must come from a jealous frustrated Fib-trader.................
Regards,
Ton Maas
ms-irb@xxxxxxxxxxxxxxxx
Dismiss the ".nospam" bit (including the dot) when replying.
Homepage http://home.planet.nl/~anthmaas
----- Original Message -----
From: "Bob Jagow" <bjagow@xxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: vrijdag 5 mei 2000 0:35
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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