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RE: [Metastockusers] EXPLORER



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<font size=2 color="#003300"
face=Arial>Like I responded to another reply, thank you, this is EXACTLY why I
started the thread.  I&#8217;ve been caught
in a few gaps already, for the good and the bad.

<font size=2 color="#003300"
face=Arial> 

<font size=2 color="#003300"
face=Arial>Using the ETF&#8217;s makes sense. 
They won&#8217;t gap [to an extreme] and when they run, they get legs for at
least a few days.

<font size=2 color="#003300"
face=Arial> 

<font size=2 color="#003300"
face=Arial>Once again, thank you.

<font size=2 color="#003300"
face=Arial> 

<font size=2 color="#003300"
face=Arial>Sorry, one more thing, were do I get a list of all, with their symbols?

<font size=2 color="#003300"
face=Arial> 

<font size=2 color=black
face=Tahoma>-----Original
Message-----
From: Martin Blain
[mailto:martin@xxxxxxxxxxxxxxx]
Sent: Monday, April 14, 2003 8:36
PM
To: Metastockusers@xxxxxxxxxxxxxxx
Subject: Re: [Metastockusers]
EXPLORER

<span
> 

<font size=2 color=black
face=Arial>Mr. Eh<font
color=black>

<font size=2 color=black
face=Arial>You
haven't factored on one thing. Gaps. What do you do when the stock you just
took a position in gaped down 25% . There goes your $500 theory. I would
suggest you stick to ETFs if you are serious about 500 losses and remember that
your gains will be limited as well. Better off not to enter a position to start
with until all the stars line up .<span
>

<font size=3 color=black
face="Times New Roman">Regards
Martin

<font size=3 color=black
face="Times New Roman"> <font
color=black>

<font size=3 color=black
face="Times New Roman"> <font
color=black>



<font size=2 color=black
face=Arial>-----
Original Message ----- <span
>

<font size=2 color=black
face=Arial>

From:<font size=2 color=black
face=Arial> <a
href="" title="uhehs@xxxxxxxx">uhehs@xxxxxxxx 



<font size=2 color=black
face=Arial>To:<span
> <a
href=""
title="Metastockusers@xxxxxxxxxxxxxxx">Metastockusers@xxxxxxxxxxxxxxx <font
size=2 color=black face=Arial>

<font size=2 color=black
face=Arial>Sent:<span
> April 14, 2003 8:21 PM<font
size=2 color=black face=Arial>

<font size=2 color=black
face=Arial>Subject:<font size=2 color=black
face=Arial> RE:
[Metastockusers] EXPLORER<span
>

<font size=3 color=black
face="Times New Roman"> <font
color=black>

<span
class=EmailStyle22><span
>I&#8217;m not
saying it is as easy as making and explorer, testing it, and making $500 a day.

<span
class=EmailStyle22><span
>My whole
point here is to get the ball rolling [from scratch, for all the other novice
Metastcok users] on something that we can all have input on as is develops.

<span
class=EmailStyle22><span
>Starting with
the explorer.  And by all means my
filter is not the end all, I WANT people to offer their own ideas.

<span
class=EmailStyle22><span
> 

<span
class=EmailStyle22><span
> 

<span
class=EmailStyle22><span
>I am
disciplined;  I take my $500 loss,
no questions asked.

<span
class=EmailStyle22><span
>Yeah, my
biggest decision comes when I have 5 stocks and then I have to decided which
one to commit to for that day.  But
that may be a WHOLE other System or Explorer.

<span
class=EmailStyle22><span
> 

<span
class=EmailStyle22><span
>When I
lose for the day.  I don&#8217;t do
anything until the next day.  My
ideal system is for only one trade per day.  And if the trade goes in my direction the next day, I would
continue to hold for another $500 increment.  Better yet, I should say a ½ point incremnent, because I
would buy 2,000 shares if I had the money.

<span
class=EmailStyle22><span
> 

<span
class=EmailStyle22><span
>But my
thinking is, if I can come up with a extremely reliable exploration that has
been tested, I can just buy any of the ones [stocks] that comes up on the list.

<span
class=EmailStyle22><span
> 





<font size=2
color=black face=Tahoma>-----Original Message-----
From: richandellen
[mailto:richandellen@xxxxxxxxxxx]
Sent: Monday, April 14, 2003 4:15
PM
To: Metastockusers@xxxxxxxxxxxxxxx
Subject: Re: [Metastockusers]
EXPLORER

<font size=3
color="#993366" face="Times New Roman"> 

<font size=2
color=black face=Arial>If it was easy everyone would do it..<font
color=black>

<font size=2
color=black face=Arial>So are you disciplined enough to sell at a $500.00 loss 2 minutes
into the trade?

<font size=2
color=black face=Arial>Then what..is that it for the day? Risk another $500? Same
or different stock?

<font size=2
color=black face=Arial>Capital preservation rules..the rest is small stuff..<font
color=black>

<font size=2
color=black face=Arial>I would not bet it all on the first entry.add to positions if you
guessed right, and BTW it is a guess..anything can happen..<font
color=black>

<font size=2
color=black face=Arial>Most day traders, even in the bull market broke even, at
best..there are always exceptions.<span
>

<font size=3
color=black face="Times New Roman"> <font
color=black>

<font size=2
color=black face=Arial>Looks like a rather simple system test..look at others included in
MS and work it out..

<font size=2
color=black face=Arial>I could do it for you but should become self sufficient..<font
color=black>





<font size=2 color=black
face=Arial>-----
Original Message ----- <span
>





<font size=2 color=black
face=Arial>

From:<font size=2 color=black
face=Arial> <a
href="" title="uhehs@xxxxxxxx">uhehs@xxxxxxxx 



<font size=3 color=black
face="Times New Roman"> <font
color=black>

<font size=2
color="#993366" face=Arial> <span
>





<font size=2 color=black
face=Arial>To:<span
> <a
href=""
title="Metastockusers@xxxxxxxxxxxxxxx">Metastockusers@xxxxxxxxxxxxxxx <font
size=2 color=black face=Arial>

<font size=2 color=black
face=Arial>Sent:<span
> Monday, April 14, 2003
3:58 PM<span
>

<font size=2 color=black
face=Arial>Subject:<font size=2 color=black
face=Arial> RE:
[Metastockusers] EXPLORER<span
>

<font size=3 color="#993366"
face="Times New Roman"> <font
color=black>

<span
class=EmailStyle21>My idea is to have a sell
stop at $500 and use a trailing stop of $500 increments.

<span
class=EmailStyle21> 

<span
class=EmailStyle21>I guess you can say I am
looking for something that&#8217;s got the likelihood of moving AT LEAST ½ point [in
my desired direction].

<span
class=EmailStyle21>Whether it&#8217;s 1000 shares or
10000.  When a stock fits the
criteria I wrote about earlier, I noticed the tendency to move about a ½ point.

<span
class=EmailStyle21>I&#8217;d love to System Test
this, but I&#8217;m not that versed yet.

<span
class=EmailStyle21> 

<span
class=EmailStyle21>I guess I can also say I
want to make $10,000 per day, but I would need quite a bit more assets.

<span
class=EmailStyle21> 

<span
class=EmailStyle21>With my $500 per day
objective, I&#8217;m expecting to use [at most] $20,000 per day.<span
>  If one of the stock outputs from this
Explorer should happen to be a $5 stock, then I would have $15,000 in capital
for anything else that looks attractive.

<span
class=EmailStyle21> 

<span
class=EmailStyle21>Any other thoughts?

<span
class=EmailStyle21> 





<font size=2
color=black face=Tahoma>-----Original Message-----
From: richandellen
[mailto:richandellen@xxxxxxxxxxx]
Sent: Monday, April 14, 2003 3:35
PM
To: Metastockusers@xxxxxxxxxxxxxxx
Subject: Re: [Metastockusers]
EXPLORER

<font size=3
color=black face="Times New Roman"> <font
color=black>

<font size=2
color=black face=Arial>Forget why you got into a trade..tell us the most important
part..Your money management ideas..the true Grail.<font
color=black>

<font size=2
color=black face=Arial>You should start with more modest ambitions..<font
color=black>





<font size=2 color=black
face=Arial>-----
Original Message ----- <span
>





<font size=2 color=black
face=Arial>

From:<font size=2 color=black
face=Arial> <a
href="" title="uhehs@xxxxxxxx">uhehs@xxxxxxxx 



<font size=3 color=black
face="Times New Roman"> <font
color=black>

<font size=3
color="#993366" face="Times New Roman"> 





<font size=2 color="#993366"
face=Arial> <font
size=2 color=black face=Arial>





<font size=2 color=black
face=Arial>To:<span
> <a
href=""
title="Metastockusers@xxxxxxxxxxxxxxx">Metastockusers@xxxxxxxxxxxx com <font
size=2 color=black face=Arial>

<font size=2 color=black
face=Arial>Sent:<span
> Monday, April 14, 2003
2:56 PM<span
>

<font size=2 color=black
face=Arial>Subject:<font size=2 color=black
face=Arial>
[Metastockusers] EXPLORER<span
>

<font size=3 color=black
face="Times New Roman"> <font
color=black>

<span
class=EmailStyle20>Hi all,

<span
class=EmailStyle20> 

<span
class=EmailStyle20>As a novice user of
Metastock 7.21 you can understand when I say my creative juices are flowing.

<span
class=EmailStyle20> 

<span
class=EmailStyle20>Here&#8217;s an idea I&#8217;m
exploring.  Pardon the pun.

<span
class=EmailStyle20> 

<span
class=EmailStyle20>Feel free to offer and
constructive advice you think may make it better.

<span
class=EmailStyle20> 

<span
class=EmailStyle20>I would like to filter for
possible long stock trades as follows:

<span
class=EmailStyle20>1)            The
7 period exponential mov, avg greater than the 14 period exp, mov, avg.





<font size=2
color=black face=Arial>2)<font
size=1 color=black>      
<font size=2 color=black
face=Arial>Close above the middle Bollinger line [sorry for sounding so elementary,
but that&#8217;s what I refer to this line as] Mine is set at (C,20,S).

<font size=2
color=black face=Arial>3)<font
size=1 color=black>      
<font size=2 color=black
face=Arial>OBV greater than it&#8217;s 14 period exponential mov, avg.

<font size=2
color=black face=Arial>4)<font
size=1 color=black>      
<font size=2 color=black
face=Arial>+DMI (14) greater than &#8211;DMI (14)

<font size=2
color=black face=Arial>5)<font
size=1 color=black>      
<font size=2 color=black
face=Arial>RSI > 50

<font size=2
color=black face=Arial>6)<font
size=1 color=black>      
<font size=2 color=black
face=Arial>Macd > it&#8217;s 14 period exponential mov, avg.





<span
class=EmailStyle20> 

<span
class=EmailStyle20>Then reversing the &#8220;greater
than&#8221; to &#8220;lower than&#8221; to find good short candidates.

<span
class=EmailStyle20> 

<span
class=EmailStyle20>My goal is to have about 5
stocks to choose from every day for the ultimate goal of making about $500 per
day.  I favor stocks between $5 and
$20 than I can by up to 1,00 shares of to get my $500, hopefully.

<span
class=EmailStyle20> 

<span
class=EmailStyle20>Let me know what you think.

<span
class=EmailStyle20> 

<span
class=EmailStyle20> 

<span
class=EmailStyle20> 

<span
class=EmailStyle20> 

<span
class=EmailStyle20> 

<font size=3 color=black
face="Times New Roman">

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