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Re: question about stops



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<DIV><FONT size=2>
<DIV><FONT size=2>Linda,</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT size=2>I found the "online book" at <FONT size=2><A 
href="http://www.futuresmag.com/library/phantom/phantom.html";>http://www.futuresmag.com/library/phantom/phantom.html</A>&nbsp;</FONT>regarding 
futures trading very helpful to me.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT size=2>I think you might find it helpful as well.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT size=2>Let me know what you think.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV><FONT size=2>David</FONT></DIV></FONT></DIV>
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
  <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> 
  Linda Swope 
  </DIV>
  <DIV style="FONT: 10pt arial"><B>To:</B> <A 
  href="mailto:realtraders@xxxxxxxxxxxxxx"; 
  title=realtraders@xxxxxxxxxxxxxx>RealTraders Discussion Group</A> </DIV>
  <DIV style="FONT: 10pt arial"><B>Sent:</B> Sunday, April 11, 1999 2:22 
PM</DIV>
  <DIV style="FONT: 10pt arial"><B>Subject:</B> Gen: question about stops</DIV>
  <DIV><BR></DIV>
  <DIV>Is anyone trading whereby the trade must prove itself immediately or 
  you're out?&nbsp; I've tried super tight stops and,yes, I kept getting stopped 
  out immediately.&nbsp; I've tried generous support as stops and it blew right 
  through.&nbsp; I want to take into account some market noise, but if I think I 
  just bought into a change of trend (after a small retracement) and the trend 
  doesn't prove itself, how quick&nbsp;should I get out?&nbsp;</DIV>
  <DIV>&nbsp;</DIV>
  <DIV>As I read price more than indicators, sometimes my gut says bail, but my 
  stop is sitting on a logical support level.&nbsp; Do I follow my gut and bail 
  rather than take the hit my methodology is about to deliver me?&nbsp; Comments 
  please.&nbsp; Thanks!</DIV>
  <DIV>Linda</DIV>
  <DIV>&nbsp;</DIV>
  <DIV>linda@xxxxxxxxxxxxxx<BR>Climb 
  the mountains &amp; get their glad tidings: Peace will flow into you as 
  sunshine into flower; the winds will blow their freshness into you &amp; 
  storms their energy, &amp; cares will drop off you like autumn leaves. John 
  Muir 1838 - 1914</DIV>
  <DIV>&nbsp;</DIV>
  <DIV>&nbsp;</DIV></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Sun Apr 11 20:50:35 1999
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Date: Sun, 11 Apr 1999 20:45:03 -0700
Reply-To: szilassy@xxxxxxx
Sender: owner-realtraders@xxxxxxxxxxxxxx
From: "Szilassy" <szilassy@xxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: Stocks: need help with daytrading time frames.
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<BLOCKQUOTE 
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
    <DIV><FONT color=#000000 size=2><FONT face="Arial Black">Hi again 
    Linda,</FONT></FONT></DIV>
    <DIV><FONT color=#000000 size=2><FONT 
    face="Arial Black"></FONT></FONT>&nbsp;</DIV>
    <DIV><FONT color=#000000 size=2><FONT face="Arial Black">One more 
    thing....&nbsp; You wrote:</FONT></FONT><FONT 
    face="Arial Black"></FONT></DIV>
    <DIV>&nbsp;</DIV>
    <DIV>&nbsp;</DIV>
    <DIV>But back to my original question... by making a trade prove itself, are 
    you stopped out often yet don't find yourself being whipsawed?&nbsp; 
    Obviously this fits your plan well.&nbsp; I'd appreciate your insight.</DIV>
    <DIV>&nbsp;</DIV>
    <DIV>&nbsp;</DIV>
    <DIV><FONT color=#000000 face="Arial Black" size=2>You do not make a trade 
    prove itself.&nbsp; The market either proves that your entry was correctly 
    timed, or it proves the opposite.&nbsp; Your choice of wording in this 
    question underscores the shortcoming which results in failure for those who 
    do fail - as I certainly would have failed, had I not stepped away and 
    intensely studied the psychological reasons for my having incurred large 
    losses.</FONT></DIV>
    <DIV><FONT color=#000000 face="Arial Black" size=2></FONT>&nbsp;</DIV>
    <DIV><FONT color=#000000 face="Arial Black" size=2>Keep a log of your 
    entries and exits, reasons for each, what you were thinking about at the 
    time, and whether there were any outside factors which may have influenced 
    your decision (such as fatigue, overconfidence, attempt to recover earlier 
    losses in the session, desire to ride &quot;the big wave&quot; perceived in 
    a stock, etc.)&nbsp; Such reflection of past trades will highlight when you 
    should and should not trade and set you on a path of self-reflection which 
    will undoubtedly pay big dividends in both your trading approach and your 
    life.</FONT></DIV>
    <DIV><FONT color=#000000 face="Arial Black" size=2></FONT>&nbsp;</DIV>
    <DIV><FONT color=#000000 face="Arial Black" size=2>Best 
regards,</FONT></DIV>
    <DIV><FONT color=#000000 face="Arial Black" size=2></FONT>&nbsp;</DIV>
    <DIV><FONT color=#000000 face="Arial Black" size=2>Paul 
Szilassy</FONT></DIV></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Sun Apr 11 21:22:16 1999
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Reply-To: dickwebb711@xxxxxxxxx
Sender: owner-realtraders@xxxxxxxxxxxxxx
From: Dick Webb <dickwebb711@xxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: Globex Nasdaq / S&P Sell-off
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David 

Below is what Jaenisch, who has written a lot of
Andrews articles has posted on
Betterjob.net/newtonin.htm
If you look at the charts at where these signals
occured it appears to be a considerable track record.
Someone mentioned that this Andrews list was posted to
this list last October. Did anyone see it?


October 9  We have a Newton + ...Buy signal in the S&P
500. A few week ago there was a buy alert in the
Reinhart MS indicator. This indicator says get ready
and then a test of the lows if the lows hold ok then
it's up we go. It is over 75% reliable. It has had
about 10 signals in the last 15 years. 

October 27 Yesterday there was a newton buy signal in
Bonds. 

December 4 1998 there was a newton sell signal in
tbonds.

Febuary 3,1999. Bonds have come down about 5% . If
prices turn up from here
there is a Newton signal failure. This is in effect a
signal.

Feb 10 there is an irregular newton buy signal in S&P
and in the bonds the sell failure appears to be in
place.

March 22 there is a newton sell in the NDX and S&P
looks like it is going to a yet unconfirmed newton
sell this week.

April 10 we have a newton buy signal in silver and a
sell signal in the SP500. The S&P signal is at new
highs. These are not as reliable as signals in a
correction.

 





--- David Cazden <ratts@xxxxxxxxx> wrote:
> 
> ----- Original Message -----
> From: Dick Webb <dickwebb711@xxxxxxxxx>
> To: RealTraders Discussion Group
> <realtraders@xxxxxxxxxxxxxx>
> Sent: Sunday, April 11, 1999 8:50 PM
> Subject: Re: Globex Nasdaq / S&P Sell-off
> 
> 
> >
> > April 12 is the big turn day for Erman
> > theGoldenbox.com went short S&P
> > Jaenisch - Andrews technique went short S&P he had
> a
> > buy signal in the SnP october 8.
> 
> Hello.  I've been reading realtraders for a while
> and kept pretty quiet, but
> I noticed in your post a reference
> to Jaenisch-Andrews, and I am very interested in
> Andrews techniques...so I
> wondered if you could
> point me in a direction, so to speak, of further
> knowledge.  Thanks.
> 
> Dave
> 
> 

===
Big Lucky Dick 

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