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| -----Ursprungliche Nachricht-----
| Von: Anthony Denis Cattani [SMTP:dcattani@xxxxxxxxxxxxxx]
| Gesendet am: Tuesday, September 14, 1999 12:21 PM
| An: realtraders@xxxxxxxxxxxx
| Betreff: Day Traders
|
| Hello Ben:
| I have been following your challenge for the past few days. I day trade for a
| <SNIP>
| There is a giant river of MONEY flowing by each and every one of our doors
| every day. It is up to us to fashion some type of container to scoop up what
| we need. For some it is a thimble, for others a pumping station. Regardless
| of what the container is made of, or it's size, all that matters is that it
| exists. And we can all with diligent hard work increase the size of that
| container (if we want to).
| All the very best of life to you.
| Denis Cattani
This is exactly the image I treasure as well, only I have a pump sitting at a
well to fill my bowl. Only some pumps are bigger than others, some fill bowls
continuously, some do so only on mondays... etc. Some days it breaks and you
need to fix it. Some days you ignore it and displace it...
In a word, I am sort of in the pumping business too... :-))
Gwenn
From ???@??? Thu Oct 07 09:38:02 1999
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Date: Thu, 07 Oct 1999 10:55:56 -0400
From: Philip <pschmi02@xxxxxxxxxxx>
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To: Earl Adamy <eadamy@xxxxxxxxxx>, Realtraders <realtraders@xxxxxxxxxxxx>
Subject: Re: FUTR - Continuous contract data for seasonal grains
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<blockquote TYPE=CITE><font size=-1>For trading (I'm not a system trader)
I use continuous unadjusted to preserve the original price action and patterns
and keep an eye on the gaps caused by joining contracts. I use the continuos
for monitoring long term monthly and weekly resistance, support and patterns.</font><font size=-1></font>
<p><b><font color="#3333FF"><font size=-1>. . . why do you use the continuous
charts for weekly and monthly work, when virtually all of the gaps disappear
on these compressions and you would profit from having "real" (actually
traded) numbers to base your S/R calcualtions on? Especially on long-term
issues, the longer the look back the greater the distortion on continuous
charts.</font></font></b><b><font color="#3333FF"><font size=-1></font></font></b>
<p><b><font color="#3333FF"><font size=-1>If you take a continuous weekly
chart and identify, say, a support level 6 or 8 months ago, the price you
read off the chart may never have been actually traded because of the formula
used to smooth the charts.</font></font></b><b><font color="#3333FF"><font size=-1></font></font></b>
<p><b><font color="#3333FF"><font size=-1>Try this: drop your continuous
monthly chart in the same window with your non-adjusted monthly chart --
use sugar, since your expressed some views on that market recently (see
GIF). The numbers are just not the same. You'd feel comfortable
taking monthly S/R levels off the continuous chart?</font></font></b><b><font color="#3333FF"><font size=-1></font></font></b>
<p><b><font color="#3333FF"><font size=-1>Philip</font></font></b></blockquote>
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