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For me the really interesting part is in the beginning of this message or ?
..... ;)
----- Original Message -----
From: "C.S." <csaxe@xxxxxxxxxxx>
To: "MetaStock List" <metastock@xxxxxxxxxxxxx>
Sent: Friday, May 04, 2001 11:58 PM
Subject: ...And now, for something completely different. (M. Python)
> OK, got my panties pulled out and
ready for some good exchange of trading
> ideas.
>
> I deal with commodities and futures only, make contract trading selections
> based mostly on TA and a smattering of fundamental analysis, and am
curious
> as to how many of you out there do the same. Yes, MS is a little more
> difficult to use for commodities and their revolving contracts, but it
> works.
>
> What indicators or price criteria do you use as an initial screen to
select
> for further investigation?
> For my initial screen to decide what deserves further investigation, I
> create layouts which consist of two charts. The upper one is the front
> contract month of daily data (current volume and open interest is
important
> here) which tells me what is going on a short term basis. The lower one is
> daily historical data in a weekly format which extends back about 5 years.
> This tells me the personality of the commodity and where the prices for
the
> daily data are in relation to recent(?) history. On this lower chart for
the
> last 5 years, I plot the overall average close and the highest high and
> lowest low of the past closes. I then plot 10% bands from these high and
> lows to quickly see those contracts which are already at their extremes.
> These prices which have been at their extremes for an extended period of
> time are usually within a narrow band. To be ready for a breakout, I use
ATR
> to detect an increase which mostly accompanies a breakout along with a
plot
> of the slope and ROC (rate of change) of the close.
>
> What do you use for your initial screen?
>
> "Can't we all just get along?"
>
> -Corey.
>
>
>
>
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