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Gen: Automatic Versus Hand Plotting



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you wrote
>
>RT's,
>	 I just read an interview of Linda Bradford Raschke in the new issue of
>Omega Research Magazine. She advocates "hand" charting and asserts that
>many old timers do this. I have really never done this aside from punching
>the O,H,L,C into my computer by hand. As she puts it [regarding charting by
>hand(CBH)] "Not only does it go to a different part of the brain, it sort
>of internalizes it, and you get into the habit of looking at trend lines ,
>of being aware of significant chart points." I'm thinking that she must do
>CBH "end of day," it would be impossible to stay up with intra day.  Do you
>experienced types CBH? Any other comments about CBH? 
>
>Graphically,
>Brent
>
Hi Brent, Rtrs,
I agree CBH is an excellent way to learn about chart points and market
movements, and should make you a better trader. However,I consider it
impractical unless you are trading very few markets. I am a discretionary
trader trading over 25 markets in the short-term mode(3 to 5 days). I have
also daytraded S&P at the same time. I barely have time left for other
things in life. I am also looking to trade options, forex and other systems
for diversification. I have missed quite a few trades anyway. If I start
doing CBH, I would be going crazy, and also increasing my stress level.
Till John Cappello's post regarding his success with mechanical systems, I
did not consider mechanical systems as an option because of previous bad
experience, now I am looking at mechanical systems to get me diversifiaction
without spending too much time.
I do eyeball the charts anyway to look for significant chart points for my
discretionary trading. I would suggest that to train yourself to read
charts, do CBH for for a few months initially in a few markets and then
switch over to software -based charting. Comments? Experiences? I am talking
end of day only.
Happy Trading ,
Asif



>From   Fri Feb 13 05:26:38 1998
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<P><B>Please give us a call at AFR for any questions or to have more</B>
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>From   Fri Feb 13 05:26:47 1998
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<P><FONT FACE = "Arial" COLOR = "#000000" SIZE = "2"><B>Dear   dweldred</B>
<P><FONT FACE = "Arial" COLOR = "#008000" SIZE = "2"><B>Do you know a Business that needs a Cash Loan ?</B>
<P><B>            WE HAVE FAST FUNDINGS !!</B></P>
<P><B>Or might want to use Lease Financing for Purchasing any</B>
<P><B>type of Equipment, Computers, Phones, Office Furniture, Trucks,</B>
<P><B>Industrial Machinery, Medical Equipment, Etc.</B>
<P><B>Then use that Equipment to put more $$ on the Bottom Line.</B>
<P><B>Please give us a call at AFR for any questions or to have more</B>
<P><B>information and a Application sent to you.  </B><FONT FACE = "Arial" COLOR = "#008000" SIZE = "2"><B>Call  305-382-8018</B>
<P><FONT FACE = "Arial" COLOR = "#008000" SIZE = "2"><B>AFR's Live Polite Consultants on duty to assist you.</B>
<P><B>                            From  8:00 AM  to  6:00 PM</B>
<P><B>                             Monday    thru    Saturday</B>
<P><B>                             TIMING IS EVERYTHING !!</B>
<P><B>        Sometimes most Business need Fresh Cash to</B>
<P><B>                        be able to make new Profits.</B>
<P><B>Expect the best service that you have ever received.</B>
<P><B>Please save this message for Future Use</B>
<P><B>or give this to a Business friend.</B></P>
<P><FONT FACE = "Arial" COLOR = "#008000" SIZE = "2"><B>Thank you for your time.</B>
</BODY></HTML>