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Guppy method only suits for mid term to long term investors. And most
of his method get us into a late signal
Good for a sight seeing indicator though
--- In equismetastock@xxxxxxxxxxxxxxx, Nand Rathi <nand_rathi@xxx>
wrote:
>
> Hello Preston
>
> Thanks for the knowledge sharing. Hope you are having a nice
weekend. I had a good one visiting a Tiger Sanctuary nearby.
>
> I need to take your message small chunk at a time.
>
> I did google on Guppy MMA and understood the notional concept. But
I couldn't locate any coherent discussion on how to interpret this
wonderful technique with examples preferably in MS world.
>
> I found an oscillator approach on
>
> http://trader.online.pl/MSZ/e-w-Guppy_MMA_Oscillator.html
>
> and an exploration
>
> http://trader.online.pl/MSZ/e-ex-
Guppy_Multiple_Moving_Average_Exploration.html
>
> But nothing on how to interpret the results. My purpose is to model
it in MS explorer to provide me a basic screener as you pointed out.
>
> In particular, here is my struggle
>
> Any interpretation of Congestion/Intertwine region of ShortTerm and
LongTerm Group (If so how will I determine it, a naive approach may
be all values ST or LT in a say 1% band)
>
> Does Crossovers have any significance? Is so, how would I determine
it, as cross function works with two data arrays only.
>
> How do you interpret the constricted patterns in a group? (I guess
some of the MA's having same value should create this pattern)
>
> Finally I guess Close has to be higher than the ST group which in
turn should be higher than the LT group for a buy list candidate.
Does this make sense.
>
> I guess if I can write and understand this explorer, it will be an
achievement for me as a newbie.
>
> Can you please help me here?
>
> regards
>
>
> N
>
> ----- Original Message ----
> From: pumrysh <no_reply@xxxxxxxxxxxxxxx>
> To: equismetastock@xxxxxxxxxxxxxxx
> Sent: Saturday, April 5, 2008 7:16:49 AM
> Subject: [EquisMetaStock Group] Re: Need some help about how to
write MS Code for a rule using Aroon ...
>
> N,
>
> First, you are welcome and second there is no need to apologize for
> asking questions.
>
> My personal tendency in trading is to look for those candidates
> which I think are ready for a breakout into a trend. To do this I
> use something similar to the Guppy moving averages...basicall y
just
> a bunch of moving averages. I don't use the Aroons but if I were
> initially I would probably look at longer time periods...say maybe
a
> 24 and a 50 in seperate windows. I'm looking for something that has
> broken above some rather flat long term moving averages. To use the
> Aroons I would look for an up move above 50 and the down to be
> declining, hopefully below 50.
>
> This is just for a basic screening.
>
> Once I have my basic candidates selected I would change my tactics
a
> bit, now looking for increases in volume and some signals from a
> modified version of a RSI that I use. I also consider some
> fundamental data at this time.
>
> Thats usually enough to get me into a decent trade but I also have
> another tactic that I use to tell me when its time to exit a trade,
> basically using a trailing ATR stop.
>
> Remember the idea is to win big and loose small.
>
> As far as gurus that I would follow, I like Price Headley. More
> recently he's taken some top trading awards, uses a pretty simple
> system, and has made money when others are not.
>
> Hope this helps,
>
> Preston
>
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