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<font size=3>Warren,<br>
<br>
Based on the recent feedback that you received when you first made
your 'projections', you have responded well with this post. As you
have probably heard, we try to create this forum as a learning experience
for others as well as ourselves. This post below definitely adds to
the credibility of your projection whether you are right or wrong.
Further, the substance of your analysis can now lead to a more rounded
discussion by others who either share your view OR may actually differ
from others, who use similar techniques. THIS is were one/you can
learn from the original post/analysis or where others can learn from
you.<br>
<br>
Anyhow, thanks for the followup.<br>
<br>
John Boggio - RT Moderator<br>
PS I hope you don't mind me posting this back to the Forum.
But I think it is a good example of taking criticism in stride while
maintaining integrity for the Forum.<br>
<br>
At 03:54 PM 6/19/99 -0400, you wrote:<br>
>RT's,<br>
><br>
>Interesting responses to my S+P post.<br>
><br>
>First off, I'll just point out that my entry trade at 1361.90 was on
Globex<br>
>(I don't differentiate between the day and night sessions for
price<br>
>extremes). It was based on a target at 1362.00, and I always place my
orders<br>
>1 tick before my targets. Determination of this target was by a
method which<br>
>is known by several names, including: 123 trading, the TRIDENT
strategy,<br>
>SYMMETRICAL WAVES, and SWING OBJECTIVES. In fact, it's nothing more
than<br>
>measuring a previous wave in the same direction, and adding the
measured<br>
>amount to the last turning point.<br>
>In this example, SPU made a low on June 2 at 1290.50, and a high on
June 7<br>
>at 1352.0. This move was equal to 61.50 points.<br>
>The next low was on June 11 at 1300.50. Adding 61.50 points yields a
price<br>
>objective of 1362.00.<br>
>The 1353.40 entry was determined by a different method.<br>
><br>
>Does that mean 1362.50 is the final high here? Not necessarily, but
that<br>
>doesn't bother me. I'm laying on a trade which has a big potential
profit<br>
>and very low risk. If I'm wrong, I'll get stopped out for a small
loss. But<br>
>if I'm right ....<br>
><br>
>My trading methodology consists of the following:<br>
>1) My own version of Welles Wilder's Delta Phenomenon (much more
precise).<br>
>2) My variation of Stan Weinstein's Swing Rule, incorporating some of
Bill<br>
>WIlliams' Trading Chaos, and Newton's Laws of Motion.<br>
>3) Symmetrical waves (or Trident, '123').<br>
>4) Fibonacci retracements and expansions.<br>
>5) Bollinger bands<br>
>All of these factors are simultaneously analyzed on 3 different time
frames<br>
>(15 minute, 60 minute, and daily bar charts), and I only put on a
trade when<br>
>everything lines up clearly.<br>
><br>
>All I'm doing, essentially, is playing the percentages, as my methods
and<br>
>experience define them. I'm certainly wrong at times, and aggressive
risk<br>
>management prevents that from being a problem.<br>
><br>
>Warren<br>
><br>
><br>
</font><br>
</html>
</x-html>From ???@??? Mon Jun 21 08:46:04 1999
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Date: Mon, 21 Jun 1999 10:21:50 EDT
Subject: Re: FUT - My view
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