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Alan,
What in the heck are WDates???
Regards,
Walt
-----Original Message-----
From: Alan Sears <asears@xxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Sunday, July 12, 1998 12:48 AM
Subject: Re: FDATES
>
>>Next comes the timing of an fdate. If the turn occurs on the exact date,
I
>>have the 3 day advantage that I mentioned (or only 2 days if I am
>conservative
>>and require the next day to prove itself). If the turn is 1 day before
the
>>actual fdate, then I may only have 1-2 days where I have a trading
>advantage.
>>If the turn occurs 1 day after the fdate, I have the 3 days of trading
>>advantage AND the direction of the market during that time.
>
>How could you possibly know which date was the top / bottom
>without waiting until the next day ?
>
>
> If I had this
>>type of advantage in the casinos for blackjack, I would be barred from
>every
>>casino on earth.
>
>
>>The fdate service does not stop with the selection of a date. The
analysis
>of
>>each type of price pattern at an fdate is probably just as useful as the
>dates
>>themselves. In fact, these techniques for entering a trade are worth the
>>price of the service to many. I have often wondered why these techniques
>were
>>made available for free to subscribers but it is the key to the success of
>the
>>program IN MY OPINION.
>
>
>And from Ricks MANY posts in the public newsgroups and his
>MANY attempts at picking the bottom in Live Cattle anyone doing
>a search of Deja-news will find that his claimed 80% in reality
>is closer to 50% or less, with many fdates resulting in minor
>blips which are really untradeable yet still get counted as "hits"
>by Rick. He recently sent me a copy of an fdate report and at the
>end of the week tallied up his "hit ratio" I believe his claim was
>over 80% but from my point of view using only tradeable pivots
>it was less than 50%.
>
>Pick each Wednesday as an fdate +/- 1 bar and you will get
>better results
>Attached chart of Sep Bean oil shows every Wednesday marked
>as a blue bar. Nitice how >80% of these qualify as fdates using +/- 1 bar
>and the pivot high or low is not violated for 3 bars after.
>But also notice how many of these turns were untradeable minor pivots.
>
>I rest my case :)
>
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