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Re: [Metastockusers] Re: How to Build a Trading System without Lace



PureBytes Links

Trading Reference Links

a Clown is a clown,is a clown..What are your comments
about this guy.Has he read the manual.
Anyone who is making a mockery of other has himself to
laugh at.He is only showing his own worth .This
bulletin board is not maent for personalities.
One cannot become a doctor,an engineer,or scietist
merly by reading books.If you do not understand and or
hesitant or shy to ask explaition then one can never
achieve excellence.Nobody is perfect.
--- jmj951 <jmj95@xxxxxxx> wrote:

> 
> Are you able to show the red and green arrows with
> Meta stock, with oe
> of their systems?
> Jerry
> 
> 
> --- In Metastockusers@xxxxxxxxxxxxxxx,
> "superfragalist"
> <jackolso@xxxx> wrote:
> > 
> > For those of you who can't read my posts because
> of my caustic wit 
> > and dry sense of humor, not to mention insulting
> all groups 
> > simultaneously, here is a step by step guide to
> building your own 
> > trading system. (I am removing the pearls from the
> pig pen so that 
> > more people may enjoy them as jewelry! However,
> there is an art to 
> > simultaneously insulting so many with so few
> words. I do not intend 
> > to bury that skill.)
> > 
> > Let's us begin.......
> > 
> > Read all the articles under Trading as a Business
> > 
> > http://www.elitetrader.com/tr/index.cfm?s=17
> > 
> > The articles will teach you step by step how to
> build a trading 
> > system. 
> > 
> > John Clayburg's book Four Steps to Trading Success
> will show you how 
> > to setup a simple indicator system that is among
> the best there is. 
> > It will serve as your basic trading system. It
> works on all stocks, 
> > in any time frame and has no curve fit. Then you
> add your favorite 
> > filters to it. 
> > 
> > In Roy's newsletter he is building one of the best
> filtering systems 
> > there is. It's a great newsletter for teaching MS
> coding and systems 
> > building. It's only $99 a year.
> > 
> > www.metastocktips.co.nz
> > 
> > That should be most of what you need to get
> started and keep you from 
> > getting too far off course. Oh, I would also add a
> 20 bar SMA to the 
> > chart because price often regresses to the 20 bar
> SMA.
> > 
> > If you absolutely feel the need to have red and
> green arrows that 
> > scream buy me now, you can use a program like ICE,
> or the simple 
> > systems from Performance Systems Plus. Just
> remember, any "expert" 
> > system is going to generate a lot of false
> signals, so your other 
> > basic buy sell indicators like the Clayburg's and
> Roy's filtering 
> > technique Rule. (Especially Roy's noise filter. I
> would have paid 
> > more than $100 for that alone.)
> > 
> > Once you have done this, you will find the system
> you have built will 
> > match the recommendations in the article, and
> there really isn't 
> > anything any better out there for you to start
> with. You can trade 
> > with it without losing your rear. 
> > 
> > Oh, I almost forgot. Does it come with an
> exploration. No, it 
> > doesn't. But that's not a factor. 
> > 
> > You really should trade from a fixed group of
> stocks in my humble 
> > opinion. VERY few people have found success
> searching 7000 stocks a 
> > night for the one's that have the little green or
> red arrows popping 
> > up. It's better to use a pre-screened group such
> as the S&P Platinum 
> > Portfolio or the Valueline T1 stocks or the IBD
> 100. 
> > 
> > If you don't want to use those, then scan by HAND
> every night a set 
> > group like the S&P 100 or 500. You really do need
> to look at all 
> > those charts by hand because you need to see where
> in the cycle each 
> > stock is and what it's chart looks like. Nothing
> beats learning to 
> > read charts, and exploring every night just won't
> teach you how to do 
> > that. If you insist on having stocks that meet a
> certain criteria, 
> > learn to use Marketscreen.com. Yes, my brothers
> and sisters, you have 
> > to pay for it but it's a much better exploration
> system than you'll 
> > ever get with TA in a box like MS, and it's
> already programmed for 
> > you.
> > 
> > You also need to learn to use secondary entries
> because a stock that 
> > is already trending has a better probability of
> continuing to move up 
> > than a stock that has it's little red or green
> arrow showing. And 
> > please remember---resist the urge to trade against
> the overall market 
> > trend. The trend is your friend! 
> > 
> > What does a secondary entry mean? Well, if you
> open a chart and the 
> > Clayburg are passed their intial buy signal and
> the stock is showing 
> > a trend with Roy's filter, if you buy it even
> though it's passed it's 
> > intial entry point, you stand a very good chance
> of making money. 
> > When the Clayburg's and Roy's filter tell you to
> sell it, you follow 
> > those indications no matter what your intuition
> tells you, or what 
> > the little green and red arrows are doing. 
> > 
> > Okay, those are my small contributions for those
> of you who wish to 
> > have a trading system but don't know how to create
> one. You are 
> > probably still grasping at straws, which you won't
> have to do any 
> > more thanks to uncle Super. 
> > 
> > Are we all feeling like good dobee's now?
> 
> 
> 
> 


=====
S.M.Deen


		
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