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Yes, this one, the golfer/traders email, stops over and over, the 80%
traders rule (trillionare in two years using this system). I think RT
should be notified of this problem.
----- Original Message -----
From: Andrew <andrew@xxxxxxxxxxxxx>
To: <OatTrader@xxxxxxx>; <tinyeung@xxxxxxxx>; <realtraders@xxxxxxxxxxxx>
Cc: <moongate@xxxxxxxxxxxxxxxxx>
Sent: Tuesday, June 29, 1999 12:42 PM
Subject: "Re: Stops " Has anyone else gotten this e-mail like 5 times.
> has anyone gotten this like 5 times?
> I am only sending it once so if it comes up more then once, don't blame
me.
>
> -----Original Message-----
> From: OatTrader@xxxxxxx <OatTrader@xxxxxxx>
> To: tinyeung@xxxxxxxx <tinyeung@xxxxxxxx>; realtraders@xxxxxxxxxxxx
> <realtraders@xxxxxxxxxxxx>
> Cc: moongate@xxxxxxxxxxxxxxxxx <moongate@xxxxxxxxxxxxxxxxx>
> Date: Tuesday, June 29, 1999 10:31 AM
> Subject: Re: Stops
>
>
> >RT's,
> >
> > I use trailing stop all the time, but I do not trail it unless the
> >market tells me to change it. I do not use moving average or volatility
> >stops, but I do use Divergence as a way to shore up my Protective stop, I
> >either use it on daily or weekly bars. When I get ahead on T-bonds or
> >currencies by $4000, I lock in $2000, other markets that do not move as
far
> >such as Oats would be $2000/$1000. If I get a few "extended bars"
> >(biggest ranges in 20 days for example), I will move my protective stop
> >beyond the extremes, I use these on weekly bars as well.
> > I recently have changed my ways of entry, for years I would use
> >Triangles on daily bars and depending on the 40ma on the weekly bar chart
> >would confirm trend. I found that as trend increases in time, so should
the
> >number of bars in the triangle length. At first I would use a 5 bar "Tri"
> >just to get in, never risk more than $500, when the market gets ahead by
> $500
> >go to breakeven. When trading currencies, always use "EFP" market and
place
> >protective and entry stops. As time lengthens out to six months, my
number
> of
> >bars in the "Tri" would lengthen to 17 bars in duration. I used this
method
> >for seven years and was profitable for seven years. But now I have gone
to
> >using weekly bars as my entry, it has reduced my trading 80%, my win/loss
> has
> >maintained the same at 40-45%, my entries are earlier so my good trades
are
> >more profitable and I still use the $500 risk. Now my weekdays are very
> freed
> >by not looking for entries and only need to look at charts on weekends.
My
> >method is nothing more than looking for very long trendlines and using
the
> >COT.
> > Does anyone else make decisions based on weekly bars?
> >
> >Jim
> >
> >
>
>
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