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<DIV><FONT color=#000000 size=2>Don't want to throw cold water on your parade,
but have you developed evidence that displaced moving averages work? Your
mileage may vary, but my own back testing of a variety of lengths and
displacements indicated to me that they provide no objective contribution. Like
you, I've read and used DiNapoli's techniques and know he uses DMA's, however I
have never been able to find any published material which indicate DMA's provide
a statistically valid trading advantage. Robert Krause does employ a
stair-stepped 3 day DMA of highs and lows for stop and reversal which (like
DiNapoli's DMA's) look good on charts, however I've never backtested the concept
and most of the available software is unable to produce a stair-stepped value
without extensive custom programming. Personally, I would suggest that
examination of the pattern of the pivots and bars can provide more useful
information than a DMA.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </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>Linda Swope <<A
href="mailto:lswope@xxxxxxxxxxx";>lswope@xxxxxxxxxxx</A>><BR><B>To:
</B>RealTraders Discussion Group <<A
href="mailto:realtraders@xxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxx</A>><BR><B>Date:
</B>Monday, April 12, 1999 9:26 PM<BR><B>Subject: </B>Gen: moving
average<BR><BR></DIV></FONT>
<DIV>Perhaps my thinking is flawed and I'm counting on you all to tell me if
it is. I'm fond of displaced moving averages. It makes sense to
me that if using the average as an entry signal for a long position,
that one would use an average of the highs as opposed to the commonly used
close. </DIV>
<DIV> </DIV>
<DIV>If one is waiting for a breakout or proof of a trend, then stock price
breaking above the average of highs seems a better indication than breaking
above the average of closes. Conversely, an average of lows would be
used for a short signal. Comments?</DIV>
<DIV> </DIV>
<DIV>Thanks,</DIV>
<DIV>Linda</DIV>
<DIV> </DIV>
<DIV>linda@xxxxxxxxxxxxxx<BR>Climb
the mountains & get their glad tidings: Peace will flow into you as
sunshine into flower; the winds will blow their freshness into you &
storms their energy, & cares will drop off you like autumn leaves. John
Muir 1838 - 1914</DIV>
<DIV> </DIV>
<DIV> </DIV></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Tue Apr 13 07:06:42 1999
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Reply-To: eadamy@xxxxxxxxxx
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From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: question about stops
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<DIV><FONT color=#000000 size=2>Immediately is probably a stretch, but I've
found that no matter what time frame I'm day/position trading, a trade which
does not move my way within a few bars is probably going to end up going against
me. As a general guideline (not rule), I use 4 bars or out - not sure where I
picked that up, may have been DiNapoli. Generally, once I start hoping that the
trade is not going to go for my stop, it generally does. It's a guideline rather
than a rule for me because the circumstances and entry will vary from trade to
trade e.g. a trade off a reversal needs to explode my way while I tend to be a
bit more patient on entry into consolidation of an existing trend.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </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>Linda Swope <<A
href="mailto:lswope@xxxxxxxxxxx";>lswope@xxxxxxxxxxx</A>><BR><B>To:
</B>RealTraders Discussion Group <<A
href="mailto:realtraders@xxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxx</A>
><BR><B>Date:
</B>Sunday, April 11, 1999 1:19 PM<BR><B>Subject: </B>Gen: question about
stops<BR><BR></DIV></FONT>
<DIV>Is anyone trading whereby the trade must prove itself immediately or
you're out? I've tried super tight stops and,yes, I kept getting
stopped out immediately. I've tried generous support as stops and it
blew right through. 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 should I get
out? </DIV>
<DIV> </DIV>
<DIV>As I read price more than indicators, sometimes my gut says bail, but
my stop is sitting on a logical support level. Do I follow my gut and
bail rather than take the hit my methodology is about to deliver me?
Comments please. Thanks!</DIV>
<DIV>Linda</DIV>
<DIV> </DIV>
<DIV>linda@xxxxxxxxxxxxxx<BR>Climb
the mountains & get their glad tidings: Peace will flow into you as
sunshine into flower; the winds will blow their freshness into you &
storms their energy, & cares will drop off you like autumn leaves. John
Muir 1838 - 1914</DIV>
<DIV> </DIV>
<DIV> </DIV></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Tue Apr 13 07:06:50 1999
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Date: Tue, 13 Apr 1999 07:16:47 -0600
Reply-To: eadamy@xxxxxxxxxx
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From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: MKT DJIA Retracements
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The ratio (xau divided by london gold fix) provides an infrequent, but
highly reliable, indication of bottoms in gold stocks when it reaches
extreme lows. This indicator flashed a rare buy signal a few days ago.
Earl
-----Original Message-----
From: Stig Olausson <olausson@xxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Sunday, April 11, 1999 8:05 AM
Subject: Sv: MKT DJIA Retracements
>The XAU index is right the 78,6% retracement line of the last upmove, which
>is the last support before a new low and usually very strong. However there
>seems NOT to have been a a lot of goldstocks rising BEFORE this bottom,
>indicating that we are NOT seeing a new BULL market. But a bounce to the
>295 area isnt bad either, iif you know how to trade it (I can't...)
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