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Joe DiNapoli
Coast Investment Software Inc.
6907 Midnight Pass
Sarasota, FL
34242
coast@xxxxxxxxxxxxx
www.fibtrader.com
I was sitting here reading "Trading with DiNapoli Levels" when I saw this
post. Very well done with a lot of good ideas.
I listened to portions of Chucks presentation at TAG. Also very well done
with several very good ideas. A thoroughly nice man.
At 06:43 PM 12/9/98 -0800, Jim Osborn wrote:
>MARTIN MARTIN Bernardo <bernardo.martin-martin@xxxxxxxxxxxxxx> responds:
>>I would appreciate if you or any other menber of the list could
>>expand more or give me references on the following;
>>
>>1. Scaling in/out as a way of protection (not exposing to much at the
>>begining of a trade) and maximizing your profits (let profits run)
>
>My approach is pretty informal: Start with one contract, then when
>you have enough profit in that contract that a reasonable stop
>on two contracts still leaves you with a satisfactory profit, consider
>adding that second contract. On the exit side, keep a trailing stop
>somewhere safely back from where you think the market shouldn't go,
>but OCO that with a profit target where you think the market might,
>in your wildest dreams, get to.
>
>Joe diNapoli, Mr. Fibonacci, has some interesting techniques for
>being a bit more quantitative about profit targets. You might
>track him down somehow and see what you can find. He's spoken at
>TAG a few times, so that'd be a good starting point. Maybe someone
>else can amplify on this point...
>
>
>>2. You mentioned some notes of Chuck's TAG lecture some years ago.
>>How could I get them? Please give any other reference to book,
>>author,etc you consider valid
>
>The TAG talk I heard was in 1993, but Chuck has spoken at TAG several
>other times, too, on various subjects. Contact Tim Slater of TAG
>at 504-592-4550 for tapes lecture notes from old conferences.
>
>
>>3. I guess that what you mention as volatility trailing stops is based in a
>>certain X ATR of the last Y days? (I myself find it very useful, as the
>>"turtle" way of determining how many contracts to trade related to
>>percentage of equity risk and volatility (ATR).
>
>I see in looking up that TAG phone number, that Chuck spoke on "New
>Techniques Using Average True Range" at this year's TAG conference.
>I should order that tape myself...
>
>Gee, this is sounding like a ringing endorsement for Chuck LeBeau,
>and I guess it is. :) You can learn a lot of good stuff from his work.
>
>Cheers,
>
>Jim
>
>
Stewart Taylor
Taylor Fixed Income Outlook
Voice: 501-219-9774
Fax: 501-228-0963
E-Mail: staylor@xxxxxxx
Web Site: http://www.cei.net/~staylor/
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