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Andrew,
Why didn't relative strength type trading work for you -- I'd be
interested to learn more -- feel free to email me.
--- In equismetastock@xxxxxxxxxxxxxxx, "Andrew Tomlinson"
<andrew_tomlinson@xxxx> wrote:
>
> Just to make sure non-subscribers to MSTT are not getting the wrong
idea,
> many people (including me) use Roy's newsletter primarily to learn
to code
> Metastock better. That to me is much more important than yet another
fancy
> indicator, and is the key to what Roy is providing as far as I am
concerned.
> I make a rule that if I don't understand the math of an indicator
completely
> and intuitively, I don't use it, so that rules out a number of the items
> that have been mentioned. But if I can learn to code MS faster and more
> efficiently, then over time that's priceless, as it will let me
backtest my
> own ideas with confidence - if you teach a man to fish, and all that.
>
> Oh, and while I'm up on the soapbox, and in the interest of maintaining
> diversity of expression in these discussions, there are plenty of
traders
> working with 100% mechanical systems who make money. If you want to
use one
> type of model in one type of market then you just write in a trend
filter.
> If you have to guess whether the market is going up before you use
your "up"
> model then you're a discretionary trader (yes there are lots of them
too). I
> lost about 25% of my equity doing the relative strength type trading
that
> has been promoted aggressively here over the last few weeks. I'm now
> rebuilding my equity quite successfully with mechanical systems of
my own
> devising. Horses to courses - everyone should find a trading method that
> works for them. And resist the temptation of calling everyone else
idiots.
> Although the more people who trade that way the better for the rest
of us,
> so I guess I should shut up now....
>
> Happy trading - oh, and by the way if you haven't been making
thousands of
> dollars on the advice in Roy's letter, then don't worry. You're not
alone.
> And you're not a moron. Roy's newsletter isn't snake oil. It's just
being
> marketed like that by some people on these forums (not you
metastkuser - I
> kind of used your thread to let off steam so I wouldn't just walk
away from
> these forums all together).
>
> Andrew
>
>
> -----Original Message-----
> From: metastkuser [mailto:andysmith_999@x...]
> Sent: Monday, March 14, 2005 6:29 PM
> To: equismetastock@xxxxxxxxxxxxxxx
> Subject: [EquisMetaStock Group] Roy Larsen's Newsletter -- an honest
opinion
>
>
>
>
> I'd like to put in my 2 cents about Roy's newsletter and offer my own
> experience as someone new to this field who has closely followed his
> newsletter (and this message board).
>
> I've read and re-read every one of Roy's newsletters. Each one
presents a
> goldmine of information each time around. If you implement the
amazing B&Q
> indicators, the DCF, the noise filter, use an RSC methodology (with
a tool
> such as Jose's uRSC), use MAs to guide you on weekly and daily
market bias,
> accept the importance of always letting the market bias dictate your
trading
> strategy, trade from a prescreened list, understand sector rotation
and take
> a top-down approach to trading -- just like it says in quite some
detail in
> Roy's newsletter -- you will be a better trader, period. At a minimum,
> you're going to better off simply because each of the steps I just
mentioned
> skims a few probability points in your favor. And you can augment all of
> this with additional reading over time. I believe I am identifying (and
> trading) some much higher-than-average probablility trades than many
traders
> out there thanks to what I have learned from Roy's newletter. Keep
it coming
> Roy.
>
>
>
>
>
>
>
> Yahoo! Groups Links
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