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Ha!
Walter, that's funny...
Due to honor/ethics and legal liability I can't do that..
Maybe someone else can steal the info and post it? There
are people like that, we both probably get email from
those types sometimes.
Give me a call to discuss if you have any doubt about me.
425-576-8498 Pacific time zone. I may be brief during
trading hours some days.
The email I'm getting is positive! Let's move this off the
Metastock list now, I've explained things well enough
below, I think.
Best wishes,
-Neal.
At 05:15 PM 5/4/00 -0400, Walter Lake wrote:
>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.
>| >|
>| >|
>| >|
>| >
>|
>|
>
|