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No thanks.................
Regards,
Ton Maas
ms-irb@xxxxxxxxxxxxxxxx
Dismiss the ".nospam" bit (including the dot) when replying.
Homepage http://home.planet.nl/~anthmaas
----- Original Message -----
From: "Neal Hughes" <neal@xxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Cc: <wlake@xxxxxxxxx>
Sent: donderdag 4 mei 2000 17:50
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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