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ENOUGH OF THIS........off the list with this scoundrel....
>I understand how indicators work all right. It is from understanding them
>and seeing them in action on a day trading basis that makes me so strongly
>against their application for day trading such a liquid market at the
>T-Bonds.
>
>I am sure if anyone wants to know how the Holy Grail works, they would do
>better to read Chapter 10 The Holy Grail in "Street Smarts" pages 79 to 86.
>Then they will get a proper and unbiased way of understanding what the
>indicator is supposed to do and on what time frame. All the examples bar
>one are on DAILY CHARTS. The next chapter on the ADX Gapper is also
>exclusively on DAILY CHARTS. The 2-Period ROC also pushed by Bob Hunt in
>his service is exclusively illustrated on DAILY CHARTS as indeed is the
>Pinball Momentum wholly illustrated on DAILY CHARTS.
>
>
>It would seem that most of the stuff that Bob Hunt lifts from this book is
>based on what is recommended and illustrated by the authors for DAILY
>CHARTS. However, all these indicators are being applied to DAY TRADING
>THE T-BONDS and they are patently an unacceptable amount of time behind the
>market. Seasoned traders on this forum will appreciate this, very quickly.
>
>For people who have not got the book, they should realize that the vast,
>vast majority of examples of how Linda Raschke's and Larry Connors's
>indicators work are illustrated on DAILY CHARTS. It must be obvious why,
>mustn't it? These sort of indicators work best on those sort of time
>frames.
>
>While I fully agree that this forum is "to freely share ideas", but when I
>see totally inappropriate indicators being recommended by a vendor of a
>service accumulated from this very forum, then I think the responsible
>thing to do is to point this out. Very strongly. While seasoned traders
>will appreciate the foolishness of using such things in day trading,
>hopeful newbies could be lulled into a false sense of security - and as
>they are a substantial section of this forum, they deserve to have the
>alternative or balanced view.
>
>
>Finally, when stating:
>
>>But, please . . . dispense with the ludicrously obvious
>>propagandizing
>
>
>May I suggest that the title of the service you are selling, IN CAPITAL
>LETTERS, at the end of your post is the sort of advertising that is not
>allowed on RT. Email and website addresses are accepted, as helpful, and
>everyone else on RT is careful not to overstep the mark with direct
>advertising, so why not you?
>
>
>Bill Eykyn
>www.dbceuro.com/bille.htm
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