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Tom, I know the folks at OTA. Mike S is good. Thanks for the
suggestion anyway. Although I did not take their classes and don't
plan to, I attend their monthly meetings and was just there last
week for the Advanced TA traders meeting. Shared my Dynamic Hedge
system for swing trading that I have developed and been using for 3-
4 years with the group. I have been working on my Day Trading system
for over a year now using Metastock and Quote Center data after-
hours and weekends. I have my system and strategy ready, along with
trading plan in detail and just completed Week 2 of my ramp up.
Been to different classes, and read many, many books. I am now done
with more classes but will keep reading and learning. Have been
actively trading stocks and options to manage my own portfolio for
several years now, mostly on EOD but also some intraday. And been
working on getting ready for daytrading. It is time to produce.
Can't go to school and take classes all of one's life although it is
a lot of fun learning!
I would be interested in hearing from any other members of this
forum who actually day trade for a living, not part time day
traders. Are there any of you doing it successfully out there?
Unsuccessfully, if you are willing to admit?? Pitfalls? Successes
and challenges? Super gave an excellent long answer in the Metastock
Tips and Tricks forum. I hope he is wrong, however.
Rvalue1
--- In equismetastock@xxxxxxxxxxxxxxx, "Thomas E Dancey"
<tdancey5@xxx> wrote:
>
> Rvalue,
> 1. There is an online trading Academy in Detroit that has
different courses available
> that are taught in a training room there. (TA
based)
>
> Detroit, MI
> Online Trading Academy Michigan
> Mars Corporate Center
> 25200 Telegraph Road #125
> Southfield, MI 48033 Toll Free: 866-601-9OTA (866-601-9682)
> Phone: 248-415-6123
>
>
> Online Trading Academy brings professional trader and investing
education to the Detroit area. Conveniently located near I-696 in
Southfield, our state-of-the-art facility offers trading and
investing courses from beginner to advanced, including stocks,
options, futures, and currencies. You're invited to attend our
weekly Power Trading Workshop to get your first lesson for free.
> Detroit Campus Home Page | Map and driving directions
>
> 2. Tradeguider is based in Chicago and that is the one I have been
following.
> This is based on the Richard D Wyckoff course and is very
effective once you get it down. (Logically
based......reading the spread, close and volume) - there is
no lag with this one.
> http://www.tradeguider.com/dlpdf.aspx
> http://www.ltg-trading.com/
>
> As Value line said....don't quit your day job.
>
> Hope this helps.
> Tom
>
> I live over here in Ada Mi.
>
> ----- Original Message -----
> From: rvalue1
> To: equismetastock@xxxxxxxxxxxxxxx
> Sent: Saturday, February 14, 2009 11:15 AM
> Subject: [EquisMetaStock Group] Re: About Mr.Karnish CMO3/DIA
test setup.
>
>
> Tom, Yes, I am located in Detroit. You can e-mail me at my e-
mail
> address or post the suggestion here if public worthy.
>
> Regards,
>
> Rvalue1
> --- In equismetastock@xxxxxxxxxxxxxxx, "Thomas E Dancey"
> <tdancey5@> wrote:
> >
> > rvalue1,
> > Are you located in Detroit?
> > And what is your background in trading?
> > I have a suggestion if you are interested
> >
> > Tom
> >
> >
> > ----- Original Message -----
> > From: rvalue1
> > To: equismetastock@xxxxxxxxxxxxxxx
> > Sent: Friday, February 13, 2009 3:11 PM
> > Subject: [EquisMetaStock Group] Re: About Mr.Karnish CMO3/DIA
> test setup.
> >
> >
> > Preston, Thanks, I think I can take this and take a look.
> >
> > --- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@>
wrote:
> > >
> > > rvalue1,
> > >
> > > Does this work for you?
> > >
> > > Preston
> > >
> > >
> > >
> > > --- In equismetastock@xxxxxxxxxxxxxxx, "Kees Takkenberg"
> > > <c.a.takkenberg@> wrote:
> > > >
> > > > {Standard Error Oscillator van Steve Karnish}
> > > >
> > > > (C+2*STE(C,8)-Mov(C,3,S))/(4*(STE(C,8)))*100
> > > >
> > > >
> > > > This is the formula from Mr.Karnish webinar.
> > > >
> > > > Kees T.
> > > > ----- Original Message -----
> > > > From: rvalue1
> > > > To: equismetastock@xxxxxxxxxxxxxxx
> > > > Sent: Wednesday, February 11, 2009 2:58 PM
> > > > Subject: [EquisMetaStock Group] Re: About Mr.Karnish
> CMO3/DIA
> > > test setup.
> > > >
> > > >
> > > > Preston, Could you code Steve's Standard error Channel
> system
> > > that
> > > > he presented as his second method in the presentation and
> put
> > it
> > > out
> > > > on this forum? It would be much appreciated.
> > > > I liked the CMO3 on DIA. I think it has some real merit if
> > > combined
> > > > with stops etc as he suggested. But I think the second one
> had
> > a
> > > > better equity curve.
> > > > Thanks,
> > > > --- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@>
> > wrote:
> > > > >
> > > > > Kees,
> > > > >
> > > > > The first formula would produce the div error. I would
at
> > > least
> > > > > correct it with the divisor sum method that Roy gave us.
> > > > >
> > > > > Rather than a statue that would be exposed to birds and
> > > radicals
> > > > > could I just have a nice portrait. That way I wouldn't
be
> > > exposed
> > > > to
> > > > > the elements. :-)
> > > > >
> > > > > Preston
> > > > >
> > > > >
> > > > >
> > > > > --- In equismetastock@xxxxxxxxxxxxxxx, "Kees Takkenberg"
> > > > > <c.a.takkenberg@> wrote:
> > > > > >
> > > > > > So I better change the one I found in Metastock ( see
> > first
> > > mail
> > > > > beneath) for this CMO formula!
> > > > > >
> > > > > > Is there a spot in some country we can use to build
you
> a
> > > statue
> > > > > Preston?
> > > > > > Not joking. I very much appreciate your enduring help.
> > > > > >
> > > > > > Regards,Kees.
> > > > > >
> > > > > > N.B. I'll look over the ppt presentation this weekend.
> > > > > > ----- Original Message -----
> > > > > > From: pumrysh
> > > > > > To: equismetastock@xxxxxxxxxxxxxxx
> > > > > > Sent: Friday, February 06, 2009 12:23 AM
> > > > > > Subject: [EquisMetaStock Group] Re: About Mr.Karnish
> > > CMO3/DIA
> > > > > test setup.
> > > > > >
> > > > > >
> > > > > > Here's another CMO formula.
> > > > > > It incorporates an idea from Roy inorder to avoid the
> Div
> > by
> > > > zero
> > > > > > error. Also a link to another Karnish ppt presentation.
> > > > > >
> > > > > > Preston
> > > > > >
> > > > > > http://www.cedarcreektrading.com/momentum052306.ppt
> > > > > >
> > > > > > {Chande Momentum Oscillator}
> > > > > > Periods:=Input("Periods",1,200,3);
> > > > > > Up:=Sum((C-Ref(C,-1))*(C>Ref(C,-1)),Periods);
> > > > > > Down:=Sum((Ref(C,-1)-C)*(C<Ref(C,-1)),Periods);
> > > > > > DS:=Up+Down;{divisor sum}
> > > > > > ChandeMo:=(Up-Down)/(DS+(DS=0))*100;
> > > > > > ChandeMo;{end}
> > > > > >
> > > > > > --- In equismetastock@xxxxxxxxxxxxxxx, "Kees
Takkenberg"
> > > > > > <c.a.takkenberg@> wrote:
> > > > > > >
> > > > > > > O.K. Preston,
> > > > > > >
> > > > > > > Things are clear to me now.
> > > > > > >
> > > > > > > Thanks again for your support , your advice and your
> > time.
> > > > > > >
> > > > > > > Regards, Kees.
> > > > > > >
> > > > > > >
> > > > > > > ----- Original Message -----
> > > > > > > From: pumrysh
> > > > > > > To: equismetastock@xxxxxxxxxxxxxxx
> > > > > > > Sent: Thursday, February 05, 2009 6:45 PM
> > > > > > > Subject: [EquisMetaStock Group] Re: About Mr.Karnish
> > > > CMO3/DIA
> > > > > > test setup.
> > > > > > >
> > > > > > >
> > > > > > > Kees,
> > > > > > >
> > > > > > > Steve likes to feel very close to his indicators and
> > often
> > > > > > nicknames
> > > > > > > them. The Chande Momentum Oscillator is a built-in
> > > indicator
> > > > > and
> > > > > > is
> > > > > > > sometimes called the CMO. Steve calls it CMO3
because
> he
> > > > uses 3
> > > > > > > lookback periods. You can call the built-in function
> by
> > > > using
> > > > > > > CMO(data,periods). If you should decide to write a
> > custom
> > > > > formula
> > > > > > or
> > > > > > > use Steve's long version, once it is named you would
> use
> > > the
> > > > > > formula
> > > > > > > call like this: Fml("CMO3")
> > > > > > >
> > > > > > > You could also use the built-in like this: CMO(C,3);
> > > > > > >
> > > > > > > Since we know there are division errors with the
long
> > > > version
> > > > > of
> > > > > > the
> > > > > > > formula, I would simply use CMO(C,3); It is the same
> > thing.
> > > > > > >
> > > > > > > Preston
> > > > > > >
> > > > > > > --- In equismetastock@xxxxxxxxxxxxxxx, "Kees
> Takkenberg"
> > > > > > > <c.a.takkenberg@> wrote:
> > > > > > > >
> > > > > > > > Peston,
> > > > > > > >
> > > > > > > > Thank you for your answers Preston.
> > > > > > > >
> > > > > > > > So the "Sell short" was missing the Cross-function.
> > > > > > > >
> > > > > > > > I understand I can write whatever a name I want
the
> > > > indicator
> > > > > > to be?
> > > > > > > >
> > > > > > > > Am I wrong in thinking that if I do not use the
> > original
> > > > > > indicator
> > > > > > > formula in a setup I have to use the Fml ( " ")
> function?
> > > > > > > >
> > > > > > > > Because I don' t understand that only "CMO" works .
> > > > > > > >
> > > > > > > > Regards,Kees.
> > > > > > > >
> > > > > > > >
> > > > > > > > ----- Original Message -----
> > > > > > > > From: pumrysh
> > > > > > > > To: equismetastock@xxxxxxxxxxxxxxx
> > > > > > > > Sent: Thursday, February 05, 2009 5:59 PM
> > > > > > > > Subject: [EquisMetaStock Group] Re: About
Mr.Karnish
> > > > CMO3/DIA
> > > > > > > test setup.
> > > > > > > >
> > > > > > > >
> > > > > > > > Kees,
> > > > > > > >
> > > > > > > > 1. Yes...but expect some division by zero errors
> with
> > > this
> > > > > > formula
> > > > > > > >
> > > > > > > > 2. You could or you could write:
> > > > > > > >
> > > > > > > > {CMO3}
> > > > > > > > {Steve Karnish's CMO}
> > > > > > > > CMO(C,3);
> > > > > > > >
> > > > > > > > 3. Much shorter to write CMO(C,3) and not have to
> > worry
> > > > about
> > > > > > the
> > > > > > > > division error.
> > > > > > > >
> > > > > > > > 4. Sell short: Cross(CMO(C,3),opt1)
> > > > > > > >
> > > > > > > > Preston
> > > > > > > >
> > > > > > > > --- In equismetastock@xxxxxxxxxxxxxxx, "Kees
> > Takkenberg"
> > > > > > > > <c.a.takkenberg@> wrote:
> > > > > > > > >
> > > > > > > > > It seems I have some lack in fundamentel
formulae
> > > > > > > understanding.
> > > > > > > > But I'm trying to do the test myself and I don't
get
> > it
> > > > right!
> > > > > > > > >
> > > > > > > > > E.g. the first rule is: Buy: Cross(-opt1,CMO
(C,3))
> > > > > > > > >
> > > > > > > > > In the indicatorbuilder I found this formula,
wich
> > is
> > > > > > > > namend "Chande Momentum Oscillator".
> > > > > > > > >
> > > > > > > > > 100*((Sum(If(C,>,Ref(C,-1),(C-Ref(C,-1)),0),14))-
> (Sum
> > > (If
> > > > > > (C,<,Ref
> > > > > > > (C,-
> > > > > > > > 1),(Ref(C,-1)-C),0),14))) /((Sum(If(C,>,Ref(C,-1),
(C-
> > Ref
> > > > (C,-
> > > > > > > 1)),0),14)
> > > > > > > > +(Sum(If(C,<,Ref(C,-1),(Ref(C,-1)-C),0),14))))
> > > > > > > > >
> > > > > > > > > Question:
> > > > > > > > >
> > > > > > > > > 1. Because of the 3 periods Mr.Karnish uses,
> should
> > I
> > > > > change
> > > > > > > the 14
> > > > > > > > into a 3?
> > > > > > > > > 2. Should I rename the "Chande Momentum
> > > Oscillator"into
> > > > CMO.
> > > > > > > > > 3. By doing so, the way to write the first rule
> (see
> > > > above)
> > > > > > > will
> > > > > > > > than be : Cross(-opt1, Fml( "CMO")), because I am
> > > > referring
> > > > > to
> > > > > > an
> > > > > > > > indicator in the Indicatorlist?
> > > > > > > > > 4.Do I have to skip the (C,3)) because I already
> > have
> > > > > changed
> > > > > > a
> > > > > > > 14
> > > > > > > > days period into a 3 one? Or must I see
the "CMO"as
> a
> > > > > complete
> > > > > > > entity
> > > > > > > > and set the "(C,3)" stil behind it?
> > > > > > > > >
> > > > > > > > > When writing the third rule , Sell short: ( CMO
> > > > (C,3),opt1)
> > > > > > into
> > > > > > > the
> > > > > > > > systemtester "Metastock" correct me over and over
> > again.
> > > > > > > > > Is the word Cross missing here? Because Buy to
> cover
> > > is
> > > > > with
> > > > > > > the
> > > > > > > > Crossfunction and I should say to sell short is
> > > triggered
> > > > > when
> > > > > > > the
> > > > > > > > CMO crosses the above triggerline!
> > > > > > > > >
> > > > > > > > > I would also say that I very much appreciate
> > > Mr.Karnish
> > > > > > webinar.
> > > > > > > > >
> > > > > > > > > And to you all out there: I would really
> appreciate
> > > your
> > > > > help
> > > > > > > on
> > > > > > > > this.
> > > > > > > > >
> > > > > > > > > Regards,
> > > > > > > > >
> > > > > > > > > Kees Takkenberg
> > > > > > > > >
> > > > > > > >
> > > > > > >
> > > > > >
> > > > >
> > > >
> > >
> >
>
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