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<DIV><FONT color=#000000 size=2>Jim, </FONT></DIV>
<DIV><FONT color=#000000 size=2>I read your post ("<FONT face=Arial
size=2>I propose to set up a forum on my web site on the subject of Market
Structure and Gann." ) </FONT>in realtrader and think it is a fine idea.
</FONT></DIV>
<DIV><FONT size=2>Gann material has fascinated me for some 20 years. I attended
one of Billy Jones seminars back in 1983? He provided the attendees at the early
seminars with photocopies of original Gann charts which I break out from time to
time. </FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>One thing that Billy first pointed out to us was that
<STRONG><U>there was no $50 million. When Gann died he left an estate of
around $300k.</U></STRONG> Billy said he didn't know where that $50 million
business got started. Billy of course had purchased all of Gann's charts
and copywrites etc. It had taken an entire Mayflower van to move it all.
Included were lists of individuals who had attended Gann's seminars. Very few
individuals would talk about it when Billy tried to contact them. I think he
alluded to the fact that some of Gann's former students were simply embarassed
at having paid $5000 for a stock market seminar during the depths of the great
depression.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>I myself have found the study of Gann a stimulus to broadend
my education in the Sciences and Math. I believe Gann's library consisted mainly
of science and astro books.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>He represents for me a classical school that believed in a
clockwork universe and market in which future prices could be forecasted
precisely from the past. </FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>My own approach has moved more toward the methods of modern
science which employs probabilities when dealing with uncertainty.</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>George</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Wed Jan 12 07:44:34 2000
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From: "gposnak" <gposnak1@xxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Subject: [RT] Fw: change of heart
Date: Tue, 11 Jan 2000 23:59:45 -0800
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<DIV> </DIV>
<DIV><FONT face=Arial size=2><BR> </DIV></FONT>
<DIV><FONT color=#000000 size=2>No. But believe it or not his entire methodolgy
was spelled out right in this forum a couple a weeks ago by another real trader.
Remember the post about overseas follow through?</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT><FONT size=2>George</FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>David Donhoff <<A
href="mailto:Deltaforce@xxxxxxxxxxxxx";>Deltaforce@xxxxxxxxxxxxx</A>><BR><B>To:
</B>gposnak <<A
href="mailto:gposnak1@xxxxxxxx";>gposnak1@xxxxxxxx</A>>; 0Real Traders
<<A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx</A>><BR><B>Date:
</B>Monday, January 10, 2000 2:24 AM<BR><B>Subject: </B>Re: change of
heart<BR><BR></DIV></FONT>
<DIV><FONT size=2>Great lessons!</FONT></DIV>
<DIV><FONT size=2>Is your friend offering anything of his learnings for
others in any form?Dave</FONT></DIV>
<DIV> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
gposnak
</DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>0Real Traders</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Sunday, January 09, 2000 2:05
PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> change of heart</DIV>
<DIV><BR></DIV>
<DIV>
<DIV><FONT color=#000000 size=2>A friend of mine made $300,000 this
year. He has been a breakeven trader for the past decade. What is the
reason for the change? He finally came to accept the fact that
<STRONG><U>for him </U></STRONG>the daily market fluctuations were
essentially a random walk. Starting with that premise he came up with a
system based on a leading indicator and backed it with 100% margin on
his $500,000 account. He was in the market only 20% of the time trading
the short term swings of 2 to 4 days (He uses a 1 day stop). What
is astonishing is that he had only 1 small losing trade out
of 15. What is the main reason for his success? I think that
central to the turnaround is the <STRONG><U>change in attitude
</U></STRONG>from thinking that he could forecast to humbling admitting
that he could not. Once the faulty premise that he could forecast what a
million traders would do was expunged from his mind, he could then focus
on a game plan that might exploit a market inefficiency or setup or
leading indicator. He realizes that the NASDAQ was up 80% last year and
because he trades mutual funds, he must be primarily long, but he
maintains that even in a bear market there will be rallies and so long
as the sun moves from New York to Chicago to Los Angeles he will be able
to make $. </FONT></DIV>
<DIV><FONT color=#000000 size=2>For an example read Marty Schwartz'
<STRONG><U>Pitbull</U></STRONG></FONT></DIV>
<DIV> </DIV>
<DIV><FONT color=#000000
size=2>George</FONT></DIV></DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Wed Jan 12 07:44:41 2000
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Wed, 12 Jan 2000 04:48:58 -0500 (EST)
From: Scaletrade@xxxxxxx
Message-ID: <b3.b31fb2cb.25ada809@xxxxxxx>
Date: Wed, 12 Jan 2000 04:48:57 EST
Subject: [RT] Re: BMI Satelitte Delays Continuing
To: <realtraders@xxxxxxxxxxxxxxx>
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Status:
I'm using FutureSource with Tradestation 4. My fills are right where I
expect them to be for the e-mini S & P. It is not cheap, but it is fast. I
can't imagine trying to daytrade with a 1 minute delay. (Although there are
many times, I'm sure, where my fills would be better, unfortunately. Grin.)
Larry
In a message dated 01/11/2000 5:56:25 PM EST, wallst@xxxxxxxx writes:
> Quote.com is also sucking today. My quotes are dissapearing for mins at
> times. And then somtimes my chart data dissapears altogether.
>
> Troy
> wallst@xxxxxxxx
> ----- Original Message -----
> From: Jay Becker <jaymbt@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, January 11, 2000 12:23 PM
> Subject: [RT] Re: BMI Satelitte Delays Continuing
>
>
> > By BMI sat is now behind between :50 and 1:15 in the S&P Futures. Pretty
> > bad.
>
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