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Brian,
<p>I just found yours among some misplaced emails. Try this:
<p>Set Trade Price to Open.
<br>Set Entry Trade Delay to 1.
<br>Set Exit Trade Delay to 0.
<br>Enter Long = A
<br>Enter Short = B
<br>Set the Inactivity Stop periods to 2,
<br>For Positions, check both Long and Short.
<br>For Minimun Change, put a value that will not be reached, such as 10000.
<p>Ken
<br>
<p>BL wrote:
<blockquote TYPE=CITE> <font color="#000000"><font size=-1>I'm attempting
to build my first simple System Tester in MetaStock and need some help.
My system is as follows: If a certain condition is met (call it "A") I
go long. If another condition is met, (call it "B") I go short.
When event A or B occurs, I want to enter long or short on the following
day's Open Price and I wish to exit all long and short positions 2 days
later at the prevailing Open Price. I have correctly entered my Long Entry
and Short Entry Conditions but am unsure as to the proper way to proceed
in order to mimic the above system. Any assistance is greatly appreciated.
- Brian</font></font></blockquote>
<br>
<br>
<br> </html>
</x-html>From ???@??? Wed Jul 21 15:58:57 1999
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Date: Wed, 21 Jul 1999 15:41:23 -0500
From: Jerry Sych <zaz@xxxxxxxxx>
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Subject: Re: Gold is the garbage, gold stocks are not worth the paper ...
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Status:
For what it's worth,
My system will most likely go long Barrick on friday's close.
I've found that, for this stock as well as many other gold stocks,
that bottompicking tools work much better than trendfollowers for the
intermediate term trend. I'll take a small initial position on a
pullback of the U$ maybe tomorrow and another on friday if my system
says go.
Of course I use stops with this approach and can place them alot
closer than using a trendfollowing system.
Just an opinion,
Jerry
rlopes wrote:
>
> It's not so much trashing gold, it's trashing the idea that everytime gold
> gets "cheap" one should go and buy gold because some calamaty in the world
> is going to cause great price appreciation. I have been trading for 15
> years and started out as a broker/dealer in bullion, coins, and futures and
> these people who continue to tout the virtues of gold typically are scare
> mongers, fear would have been the only reason to have purchased gold in the
> last 18 years. I think it is important to look at the issue of price
> changes that may be significant and not just wiggles or short-covering
> rallies in what has been a down-trending market. I believe it a mistake to
> attempt to pick major tops and bottoms. I have lost my fair share of money
> with that strategy. Now if gold's downtrend stablizes and actually takes
> out a previous reactionary high (no matter what currency you trade it in)
> and there appears to be a shift in what is taking place within the market
> that one can reconize(such as what has taken place in oil this year) then
> by all means speculation in gold, looking for price appreciation, is worth
> venturing into. but to take it to the point of suggesting(not Ira) that
> there is some conspiracy or other such excuse to make some ego driven stab
> at why this is the bottom in gold is useless. This very well could be "the"
> bottom, I don't know, I'll let the market show me. I don't need bottom tick
> to make money in gold. I had just wanted to point out that in this
> disinflationary environment, it doesn't pay to pick bottoms in gold,
> soybean, etc until we can determine with some validity that the
> disinflationary environment is actually changing with some significance.
>
> Now that I've rambled on... I've said my peace about bottom picking
>
> Good trading
>
> Randy Lopez
> ----- Original Message -----
> From: Ira <ist@xxxxxx>
> To: rlopes <rlopes@xxxxxxxxxxxxx>
> Cc: Alexander Levitin <alevitin@xxxxxxxx>; gary bodnar
> <gbodnar@xxxxxxxxxxxxxxxx>; charles meyer <chmeyer@xxxxxxxx>; BobsKC
> <bobskc@xxxxxxxxxxxx>; Larry Muir <trdoptions@xxxxxxxxxxx>;
> <realtraders@xxxxxxxxxxxx>
> Sent: Tuesday, July 20, 1999 6:18 PM
> Subject: Re: Gold is the garbage, gold stocks are not worth the paper ...
>
> > Everyone seems to be trashing gold. If you would like another perspective
> run a
> > chart of gold in D-Marks, Yen, The Russian Ruble, or any other currency
> then the
> > dollar. You can do the same with oil or any other commodity that is
> traded in
> > dollars. You will note that all those charts show gold as an excellent
> buy if
> > you can't purchase US dollars, as one can't do in many countries. Ira.
> >
> > rlopes wrote:
> >
> > > gold is not oil, oil is used world-wide each and every day. Gold is no
> > > different than any of the other commodities which are currently at
> > > pre-inflationary/disinflationary/deflationary times. why should gold be
> any
> > > different. our jobs as traders is to go with the flow (not defend where
> we
> > > "think" the value of a given investment should be) and then change
> > > directions when conditions change. at the moment there is no change in
> the
> > > disinflationary environment and any "predictions" otherwise are
> premature at
> > > best. so until conditions change, you won't find my money wasting away
> on
> > > the long side of gold waiting for some "conspiracy, apocolpsy,
> catastrophy,
> > > or inflation spiral to take place. and this idea of value based on past
> > > prices is entirely erroneous. Live in today, you'll do much better.
> > >
> > > Sincerely,
> > >
> > > Randy Lopez
> > > ----- Original Message -----
> > > From: BobsKC <bobskc@xxxxxxxxxxxx>
> > > To: Alexander Levitin <alevitin@xxxxxxxx>; gary bodnar
> > > <gbodnar@xxxxxxxxxxxxxxxx>; charles meyer <chmeyer@xxxxxxxx>
> > > Cc: Larry Muir <trdoptions@xxxxxxxxxxx>; <realtraders@xxxxxxxxxxxx>
> > > Sent: Tuesday, July 20, 1999 9:27 AM
> > > Subject: Re: Gold is the garbage, gold stocks are not worth the paper
> ...
> > >
> > > > Nice thought. Gold is about where oil was a few months ago. They've
> > > > thrown in the towel. The sellers have sold and the shorters are deep
> in
> > > > the money. It may have a little more to go on the down side but it
> has a
> > > > lot of room on the upside. When oil was in the commode, I bought 12K
> of
> > > > RRC at an average of a bit less than $2 per share and sold it recently
> at
> > > > $6 1/2. I've been buying gold stocks for a couple of weeks now and
> > > > continue to do so.
> > > >
> > > > Good trading,
> > > >
> > > > Bob
> > > >
> > > >
> > > > At 08:33 AM 7/20/99 -0700, Alexander Levitin wrote:
> > > > >At 04:46 PM 7/19/99 -0600, gary bodnar wrote:
> > > > >
> > > > >>Gold has no value these days..
> > > > >
> > > > >>Industries have no use for that expensive metal.. and who want to
> carry
> > > a
> > > > >gold
> > > > >>bag on the neck??:)) Seriously, only downside to the Gold is the
> gold
> > > > >>miners as well as who's long now..
> > > > >
> > > > >Very soon we would have to pay for the gold disposal as you do for
> the
> > > > >garbage. Gold stocks are not worth the paper they are printed on.
> England
> > > > >selling gold. Switzerland selling gold. IMF selling gold. Gold is
> going
> > > to
> > > > >be deleted from periodical table. Humanity will abandon its 10,000
> years
> > > > >habits.
> > > > >
> > > > >Where were those people when gold was $800 per ounce? Did they took
> > > > >advantage of the opportunity?
> > > > >
> > > > >The sentiment is about right for the end of the bear market in gold.
> > > > >Especially encouraging is sale of the gold by English government. If
> any
> > > > >one care to check history, English government has uncanny abilities
> to
> > > sell
> > > > >precious metals at the bottom. (Look sales of silver in the beginning
> of
> > > > >century).
> > > > >
> > > > >In any case Hecla mining is $2 per share. It is 80 years old company.
> > > Could
> > > > >it disappear? Yes, companies as people do die. But if you take a
> chance I
> > > > >guaranty you your losses will be limited to only to $2 or 100% of
> your
> > > > >invested capital.
> > > > >
> > > > >Just a thought...
> > > > >
> > > > >Yours, Alex.
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > >
> >
> >
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