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



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Trading Reference Links


I know some great books on punctuation, grammer and spelling...

--- In Metastockusers@xxxxxxxxxxxxxxx, Muhammad Deen <smdeen_pk@xxxx> 
wrote:
> 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@xxxx> 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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> Declare Yourself - Register online to vote today!
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