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I appreciate it when someone responds to letters such as this because it
takes time to respond and I have work to do. What I have to add is that i
won't hand out my systems because I don't want half the world fighting to
make the same entrypoint as me. I will be happy to sell you a system for
$2000 that has a built in delay in to it, the code is hidden and I don't
explain in detail how it works. If you like that idea I have a bridge for
you. To give you a real idea of what I'm talking about. I once traded a
simple RSI entry with an ATR exit on MRK. I think it was December last year.
The stock really didn't rally much after this correction and eventaully
headed down to the ATR exit. It gapped lower intraday at that point. By .6
point. A lot of people using the same exit. Remember this is a heavily
traded stock.
I think that if you took any system and a substantial number of investors
used it. It would cease to work.
Easylanguage is easy, by the way, when you compare it to others.
Jim Bronke
Phoenix, AZ
----- Original Message -----
From: "W. Parks" <parks@xxxxxxxxxxxxxx>
To: "Robin Willaims" <robinwilliams15@xxxxxxxxxxx>
Cc: "OMEGA-LIST" <omega-list@xxxxxxxxxx>
Sent: Sunday, July 29, 2001 6:10 AM
Subject: Re: Bruce Gagnard Trading System - Got a question for everyone
> >Up to now I have been a slient reader, I am newbie to TS but not to
> >investing. Soon after I joined this list I was approached in respect of
> >trading systems costing $$$.
> >I entered into correspondence, not because I was looking for an easy way
to
> >make money, or become a millioniare over night, I wanted to find out what
> >was available out there. I am not naive,I know there is no such thing as
> >"holy grail". Easy Language is not so easy and TS is
> a beast. Those of you who are more experienced what support do you offer
to
> >newbies?????????????????????????other than rip them apart. No one has a
> >right to slam anyone.
>
> >Now let us have some positive comments and do something constructive,
like
> >some of you posting your successful trading systems ( I am interested in
> >futures) here and generating a discussion as to why the success, what
makes
> >it tick etc.
> >We "newbies" need support and guidance and I for one ask for it!!
>
> Robin,
>
> I don't think anyone here has problems with new people, but I fail to
> understand why anyone who has spent untold hours of designing, developing,
> writing and creating a successful trading system is expected to post it to
> this list just because "Easy Language is not so easy"?
>
> I've got a better idea. Why don't you read some books about trading,
master
> EL, write your own successful trading system (this should keep you busy
for
> a few months, maybe years) and then you post it to this list for all to
use.
> I'm sure you would be very generous in giving it away after having
mastered
> all the above.
>
> What this list offers to "newbies" is support and guidance in TS issues
and
> EL. If you've been a silent reader for awhile, you see the kind of
> questions/problems that are asked and addressed.
>
> Just by your comments, I have to ask, why did you purchase TS in the first
> place? I would think it was the ability to program your own trading ideas.
> So what are those ideas? What's wrong with the systems provided in TS? Do
> you understand how they work? What didn't you like about them (other than
> they're not profitable). Learn to re-write it, make it better, use the
ideas
> from the examples to make it work for you, develop your own style of
trading
> not mine.
>
> Ask specific questions, we'll do our best to answer them, but don't expect
> us to share the fruits of our labor with you. Besides, what works for me
> will not work for you because you are not me. Nobody hands out successful
> trading systems on a silver platter and nobody ever will. Even if some
> generous benefactor did, you would still probably loose your shirt because
> you would not trade it like the author intended it to be traded. Human
> nature.
>
> You want a constructive comment; here's my final thought:
>
> One problem I find with the so called newbie is he doesn't realize that
for
> many of us trading is our business. Not a hobby, or a favorite pastime,
but
> our livelihood. Many of us are the CEO's of our own one person company.
Like
> any successful business we have a business plan, only its called our
trading
> plan. Without one, you have no direction or idea of what it is you want to
> accomplish or how you plan to do it. I don't know of a single business
that
> will share the inner secrets of it's success however I will tell you that
> the basic premise of my business plan is to take your money. Plain and
> simple truth. How I go about doing that is right there in my trading plan
> right down to the last detail. If your trading plan is to follow in
someone
> else's footsteps, then yes, franchises are available. But beware, most of
> the purchased trading systems out there are not a successful McDonalds.
>
> William
>
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