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<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>John Timberlake <<A
href="mailto:wrtlake@xxxxxxxxxx";>wrtlake@xxxxxxxxxx</A>><BR><B>To: </B><A
href="mailto:traders@xxxxxxxxxxxx";>traders@xxxxxxxxxxxx</A> <<A
href="mailto:traders@xxxxxxxxxxxx";>traders@xxxxxxxxxxxx</A>><BR><B>Date:
</B>Friday, October 09, 1998 11:05 AM<BR><B>Subject: </B>TRADERS: Daytraders
dilemma<BR><BR></DIV></FONT>
<DIV><STRONG><FONT face=System size=2>I've been working on a daytrading approach
for about 10 weeks.</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2>the last two weeks I've been watching a
lot of good</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2>signals go by and questioning my resolve.
The interesting thing</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2>lately is how quickly the bonds jump from
one level to the next,</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2>where two weeks ago there was time to
consider things,now if</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2>you hesitate at all the train leaves
without ya. Am I imagining this</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2>or are the bonds a little more aggressive
lately?? when I started</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2>watching them intra day a month a go they
seemed a bit more</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2>laid back. Volatility??? The bonds??
</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2></FONT></STRONG> </DIV>
<DIV><STRONG><FONT face=System size=2> The main question of this post
concerns the opening bell.</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2>There seems to be two approaches and both
assume that the</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2></FONT></STRONG><STRONG><FONT face=System
size=2>daily homework has been done and long, intermediate and
short</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2></FONT></STRONG><STRONG><FONT face=System
size=2>timeframe action Is understood.</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2></FONT></STRONG> </DIV>
<DIV><STRONG><FONT face=System size=2>1. buy and sell prices are decided before
hand and trades are taken</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2></FONT></STRONG><STRONG><FONT face=System
size=2>when these levels are hit. An alternative is devised in case the night
session</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2></FONT></STRONG><STRONG><FONT face=System
size=2>gaps you over or under your objectives. Accurate predictive
abilities are a </FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2></FONT></STRONG><STRONG><FONT face=System
size=2>must.</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2>2.No opinion of market direction is taken
into the session,although you are aware</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2></FONT></STRONG><STRONG><FONT face=System
size=2>of the direction of the larger timeframes, the market itself reveals the
trend</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2></FONT></STRONG><STRONG><FONT face=System
size=2>of the day and after that it's up to your signal generating method to
tell you when</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2>and if to</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2></FONT></STRONG><STRONG><FONT face=System
size=2>risk your capital.</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2></FONT></STRONG> </DIV>
<DIV><STRONG><FONT face=System size=2>I've tried both and for me #1 is a dismal
failure I have no predictive ability.</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2></FONT></STRONG><STRONG><FONT face=System
size=2>I can accurately locate s/r lines, I can interpret price action off of
them fairly</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2></FONT></STRONG><STRONG><FONT face=System
size=2>well.I can take into account the previous days hi /lo and it's range and
even</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2></FONT></STRONG><STRONG><FONT face=System
size=2>look at the night session before the bell in case the early part of the
day is an</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2></FONT></STRONG><STRONG><FONT
color=#000000 face=System size=2>extension of the night shift.I haven't come
close to a good prognostication<g>,it just</FONT></STRONG></DIV>
<DIV><STRONG><FONT color=#000000 face=System
size=2></FONT></STRONG><STRONG><FONT face=System size=2>seems to put a fog of
opinion over the interpretation of my signals( always </FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2></FONT></STRONG><STRONG><FONT face=System
size=2>trying to justify the prediction) a lot of what if ing going
on.</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2></FONT></STRONG> </DIV>
<DIV><STRONG><FONT face=System size=2>I was curious about how others have dealt
with this situation, I'm going back</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2></FONT></STRONG><STRONG><FONT face=System
size=2>to #2 as I feel much more relaxed during the session and I don't have to
try </FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2></FONT></STRONG><STRONG><FONT face=System
size=2>being as smart or smarter than the market. (Because obviously I'm
not)</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2></FONT></STRONG> </DIV>
<DIV><STRONG><FONT face=System size=2>Another item, are there any long time DTN
users out there, was curious if</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2></FONT></STRONG><STRONG><FONT face=System
size=2>Fridays are a regular programming breakdown day,2nd Fri. in a row, no
charts</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2></FONT></STRONG><STRONG><FONT face=System
size=2>no trades. Aggravation level rising.</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2></FONT></STRONG><STRONG><FONT face=System
size=2>What a week. </FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2></FONT></STRONG><STRONG><FONT face=System
size=2>It must be the full moons fault<g>,glad it's lightening
up.</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2></FONT></STRONG><STRONG><FONT
color=#000000 face=System size=2>Sorry bout this
novelette.</FONT></STRONG></DIV>
<DIV><STRONG><FONT color=#000000 face=System
size=2></FONT></STRONG><STRONG><FONT face=System size=2>Reply private or to the
list.</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2></FONT></STRONG><STRONG><FONT face=System
size=2>
J Timberlake
<BR>
</FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2></FONT></STRONG> </DIV>
<DIV><STRONG><FONT face=System size=2> </FONT></STRONG></DIV>
<DIV><STRONG><FONT face=System size=2></FONT></STRONG> </DIV>
<DIV><STRONG><FONT face=System size=2></FONT></STRONG> </DIV>
<DIV> </DIV>
<DIV><STRONG><FONT face=System size=2></FONT></STRONG> </DIV>
<DIV><STRONG><FONT face=System size=2></FONT></STRONG> </DIV></BODY></HTML>
</x-html>From ???@??? Fri Oct 09 12:32:10 1998
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Date: Fri, 9 Oct 1998 15:14:54 EDT
Reply-To: BobRABCDEF@xxxxxxx
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From: BobRABCDEF@xxxxxxx
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: MKT - INDU
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In a message dated 98-10-09 13:09:51 EDT, Proffittak@xxxxxxx writes:
<< Subj: Re: MKT - INDU
Date: 98-10-09 13:09:51 EDT
From: Proffittak@xxxxxxx
Sender: owner-realtraders@xxxxxxxxxxxxxx
Reply-to: Proffittak@xxxxxxx
To: realtraders@xxxxxxxxxxxxxx (RealTraders Discussion Group)
That was a nice trade today, wasn't it. Have it run out of steam?
Bob
In a message dated 98-10-09 10:45:53 EDT, you write:
<< Sorry, Ben, its 7200 intraday within seven trading days.
Bob >>
hi
your analysis is correct 7 bussness days from now but fri and monday should
be up
then down to 7200
>>
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