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Re: TRADERS: Daytraders dilemma



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<DIV><FONT color=#000000 size=2>Re your first question do your homework 
beforehand but go in with an open mind and follow the signals as they unfold. I 
found that when I went into open with bullish scenario and bearish scenario that 
I tended to try to fit the market action into one or the other.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT>&nbsp;</DIV>
<DIV><FONT color=#000000 size=2>Re your second question I'm a DTN user for 6+- 
months and have been very satisfied until switching to cable. I have a DirecTV 
system and added the DTN 36&quot; dish when I subscribed. HOA forced me to get 
rid of the DTN dish and I installed cable just to get C-SPAN2. Since switching,. 
I've had interruptions and late quotes however I blame this on C-SPAN2/cable 
company. DTN is currently testing transmission via DirecTV and I look forward to 
getting back to satellite within a few months.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>Earl</FONT></DIV>
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
    <DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From: 
    </B>John Timberlake &lt;<A 
    href="mailto:wrtlake@xxxxxxxxxx";>wrtlake@xxxxxxxxxx</A>&gt;<BR><B>To: 
    </B>RealTraders Discussion Group &lt;<A 
    href="mailto:realtraders@xxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxx</A>&gt;<BR><B>Date: 
    </B>Friday, October 09, 1998 12:52 PM<BR><B>Subject: </B>Fw: TRADERS: 
    Daytraders dilemma<BR><BR></DIV></FONT>
    <DIV>&nbsp;</DIV>
    <DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From: 
    </B>John Timberlake &lt;<A 
    href="mailto:wrtlake@xxxxxxxxxx";>wrtlake@xxxxxxxxxx</A>&gt;<BR><B>To: </B><A 
    href="mailto:traders@xxxxxxxxxxxx";>traders@xxxxxxxxxxxx</A> &lt;<A 
    href="mailto:traders@xxxxxxxxxxxx";>traders@xxxxxxxxxxxx</A>&gt;<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>&nbsp;</DIV>
    <DIV><STRONG><FONT face=System size=2>&nbsp; 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>&nbsp;</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.&nbsp; 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&nbsp; 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>&nbsp;</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&lt;g&gt;,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>&nbsp;</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>&nbsp;</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&lt;g&gt;,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>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 
    J 
    Timberlake&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 
    <BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 
    </FONT></STRONG></DIV>
    <DIV><STRONG><FONT face=System size=2></FONT></STRONG>&nbsp;</DIV>
    <DIV><STRONG><FONT face=System size=2>&nbsp;&nbsp;&nbsp; 
    </FONT></STRONG></DIV>
    <DIV><STRONG><FONT face=System size=2></FONT></STRONG>&nbsp;</DIV>
    <DIV><STRONG><FONT face=System size=2></FONT></STRONG>&nbsp;</DIV>
    <DIV>&nbsp;</DIV>
    <DIV><STRONG><FONT face=System size=2></FONT></STRONG>&nbsp;</DIV>
    <DIV><STRONG><FONT face=System 
size=2></FONT></STRONG>&nbsp;</DIV></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Fri Oct 09 12:32:30 1998
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Date: Fri, 9 Oct 1998 15:16:32 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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That was a nice trade, Ben, has it run out of steam?
Bob


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)
 
 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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