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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.
| >|
| >|
| >|
| >
|
|
|