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----- Original Message -----
Sent: Thursday, October 21, 2004 6:11
AM
Subject: Re: [Metastockusers] Re: How to
Build a Trading System without Lace
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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