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<x-html><html><head></head><BODY bgcolor="#FFFFFF"><p><font size=2 color="#000000" face="Arial">	I had been diligently counting my Elliott Waves for weeks, waiting for the end of the fifth wave and anticipating a subsequent significant correction. Yesterday, 12/4, I finally saw what I believed to be indications that a top was in place. I didn't wait for the market to verify my analysis, I jumped in because I just HAD TO GRAB THAT TOP!. I sold March T-Bonds at 119-11. Then I placed a stop-loss at 12 ticks above my entry.<br>	I figured that if I was wrong and the market moved up beyond 119-23, I wanted out; I didn't want to lose more than $375.00. Well the market went up to 119-26 and stopped me out. Now, everytime I look at the chart for today I feel sick in the stomach. The market fell like a rock down to a low of 117-15!<br>	I am not proud of myself. I have been humbled. I write this so others may benefit but I know that you can't trade smart unless you have already traded foolishly. The key is to survive so you still have capital to trade smart once you graduate from the school of hard knocks.<br>	This experience of mine is an example of how a person can buy systems, subscribe to newsletters, study indicators, invest in data feeds, charting software and long term price charts. Despite all of these expert helpers, he alone must pull the trigger and his personal emotional influences easily cloud his judgement once he decides to push that speed dial button to his broker.<br>	Now to shake it off, get back to my charts and in the words of Scarlett O'Hara : "Tomorrow is another day."</p>
</font></body></html></x-html>From ???@??? Sat Dec 06 12:33:09 1997
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Date: Fri, 05 Dec 1997 18:01:58 EST
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From: rmac@xxxxxxxx (Ronald McEwan)
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: GEN:Directional Turning Points
References: <487640c6.34878f13@xxxxxxx>
<34B1092E.967EC360@xxxxxxxxxxxxxxxx>
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On Mon, 05 Jan 1998 08:24:14 -0800 Bob Hunt <RHunt.066@xxxxxxxxxxxxxxxx>
writes:
>Below is the formula that Rory Lewellen referred to in his recent post
>on
>Directional Turning Points (BTW, nice post Rory!). This is a
>Metastock
>indicator that Eddie Kwong has posted at the Realtraders web site. I
>know if
>Eddie uses it, there must be some credibility to it!
>
>Unfortunately, I am not a Metastock user. Can anyone supply Easy
>Language code
>for this puppy, or at least put it into normalspeak terms so that I
>can code it
>myself?
>
>Thanks in advance,
>Bob Hunt
>
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Bob,
TSF stands for Time Series Forecast. It is a statistical measure
of price based on linear regression analysis. I think omega has a TSF
user function at their site.
Ron McEwan
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