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While you are right that his focus is on long term trends using EOD
data, he does touch on the use of his method by those with a shorter
time frame. The use of the CBL and MCL are applicable to very early
trend entry - with the accompanying risk that brings.
I believe of late (perhaps to sell more books)he has broadened the
applicability of his "methds". Nothing like a new world of Forex
traders to motivate revision of methodology.
--- In equismetastock@xxxxxxxxxxxxxxx, "thomas12ng" <thomas12ng@xxx>
wrote:
>
> 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@>
> 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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