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Dennis,
I trade with DiNapoli techniques, and also talk to DiNapoli
traders very often..
If you bought Joe DiNapoli's book, you automatically qualify for 30 days
free access to his client training/mentoring website. Just send email
to pat@xxxxxxxxxxxxx to ask for a password. If you bought the book
directly from Joe's office, or his website, you get 60 days free. The
paid subscription is very inexpensive, about $30 a month or so.
Failing that, I can answer some questions here, or call me at 425-576-8498.
I'll be travelling this week though, so may not be as responsive as usual..
To answer your question about knowing whether there is value before
spending more.. The book itself has value. There's nothing wrong with
proving that to yourself before proceeding. You can study and apply
the techniques without spending any more money.. (Too often newer traders
take the approach that you need to spend money to fix problems. Gaining
knowledge is the first priority. The book you have is ideal for that.)
Once you've digested the book, you'll have a sense of whether the
techniques are appropriate for you.
Frugal is a good way to go, unless it stops your progress..
Many charting packages are not advanced enough for you to input the
3 decimals in a MACD. This is unfortunate. I use MetaStock and
(sometimes) TradeStation. The formulas in the back of the book
"Trading with DiNapoli Levels" can be put into those packages, as
well as other serious packages (Ensign etc).
The Modified MA is also in the Appendix to the book. Just ask if
you need details.
There are some other messages to this list, responding to your
email. I'll add some details to those (where I can), so do look
out for them.
-Neal.
At 04:58 PM 5/26/00 -0400, Dennis L. Conn wrote:
>Hi RT's,
>
>I'm looking for some enlightenment on a couple of things in Joe DiNapoli's
>book, "Trading with DiNapoli Levels". Since I didn't buy it from his website
>or an authorized reseller, I don't have the opportunity to get the answers
>from his restricted site without buying something else from him first - I'd
>like to know if there's enough of value in what I've already purchased
>before I start spending more. It sounds impressive, but then, I'm somewhat
>ignorant about indicators. Besides, I'm cheap, er, I mean frugal...
>
>He mentions modifying the MACD by using Bernstein's DEMA inputs of 0.213,
>0.108 and 0.199. He also mentions that these exponential inputs can be
>simulated by "period" inputs of 8.3897, 17.5185 and 9.0503. My question is
>(to put it bluntly), what the hell is he talking about?? How can you input
>fractional values as MA periods? Apparently, I lack the understanding of the
>concept behind the DEMA to grasp what he's talking about.
>
>Likewise with his modification of the stochastic - he writes about using a
>modified MA and values of 8, 3 and 3 instead of the standard values, but
>once again, I'm stumped as to what this modified MA value is to be. Again,
>it may be that I lack certain fundamental information to understand it.
>
>If you've read his book and grasp these ideas, and/or apply them in your own
>trading, I'd appreciate any plain English explanation you can offer. Perhaps
>I'm overlooking the obvious here, but I'm probably trying to run before I
>can walk - I only recently started to study indicators, so my knowledge base
>is definitely lacking. I'll welcome any help anyone can offer!
>
>Ignorantly,
>
>Dennis C.
>
>
>
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