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<DIV><FONT color=#000000 size=2>Dear List,</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Has anyone used the MetaStock downloader to
convert tick data or intraday bars from ascii to MetaStock format? I am
having trouble properly setting up the ascii file. If you have done this can you
send me the file header and the first few lines of prices so I can see how you
set the ascii file up.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Thanks </FONT></DIV>
<DIV><FONT color=#000000 size=2>Patrick.</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Mon Aug 09 16:51:42 1999
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Date: Mon, 09 Aug 1999 15:14:03 -0500
From: Steve Walker <Steve@xxxxxxxxxxxx>
To: realtraders@xxxxxxxxxxxx, lswope@xxxxxxxxxxx, linda@xxxxxxxxxxxxxx
Subject: Re: better use of time frames and trend
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Linda,
I like to use 3 time frames in trading. I "trade" the middle time frame, use the longer for "trend" and the shortest for "trigger". As a result, for Long entries I look for a UP ( shortest time period) , DOWN, UP ( longest time period) pattern.
Steve
>>> "Linda Swope" <lswope@xxxxxxxxxxx> 08/09 1:37 PM >>>
Real Traders,
I could use some help determining the best use of multiple time frames when daytrading. I've been trading 5 minute bars without much regard to any other time frame. That means I have been disregarding larger trend and I see that as a mistake.
I am looking now at 20 minute bars, using a fairly fast stochastic as a trigger. I'm trying to look at 60 minute bars and dailies as the set-up... meaning if the daily is up and the 60 is up, then I get in when the 20 turns up?
Another possibility is to watch the 20 with both a slower stochastic and a faster one. If the slower remains an open signal, then use the faster for entry and exit. This is provided the daily and 60 are up.
Or do I skip the daily and use a combo of the 60, 20 and 5 for entry?
As you can see, I'm stumbling around in the dark here. It hit me like a brick on Friday that despite all my progress over the last 2 years, I was still ignoring trend. I have learned to have no opinion as to direction, but my natural optimism sneaks in and blinds me, allowing me to take signals that are really counter-trend. I find myself trading reaction rather than action these past few days. I'm buying the same rally that the smart money is selling. I'm the dumb money!
I also have a preference for the long side. I had a devastating loss on a short trade and am still working to over the fear associated with shorting. But when the dailies are showing a long downtrend, I want to be there too instead of swimming upstream with weak buy signals.
Your continued help is appreciated!
Linda
Swope's Mountain Photography
http://www.swopephoto.com
linda@xxxxxxxxxxxxxx
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
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