|
PureBytes Links
Trading Reference Links
|
Steve Karnish wrote:
> Jeff,
>
> Brent admits it's only "mumbo jumbo for your entertainment". During the
> past two weeks, I have
> conducted eight financial seminars, on the west coast for Equis. The
> response was very positive...why?...because a specific approach was
> discussed that triggered mechanical trades. The Amerikan public wants
> specific trade recommendations, not a "blur" of intersecting lines that
> suggest "woulda, shoulda, coulda". Here's the same chart, with a common
> indicator (Sto Osc) found on any charting applet.
>
> We're not talking rocket science, but:
>
> Buy the opening, the day the oscillator crosses below 20 and toss it back
> and/or short when it penetrates 80.
>
> In essence, this is what I do for all the equity I have under fiduciary
> control. Pick a reliable indicator (in this example, the stochastic
> relative oscillator...not my favorite, but very commonly viewed), set up
> trigger levels, and "publicly" announce the day before: "I am going long or
> short in the morning".
>
> All other subjective retroviews are a waste of bandwidth.
>
> And for you Amerikan patriots: I got married on the 4th, but have always
> thought that "patriotism is the willingness to kill or be killed for trivial
> reasons". Thank your red, white and blues that we are done with that
> "wonderful trading thread".
>
> Steve,
I agree with having objective parameters for evaluating trading opportunities.
However, I woudn't want to base my trading approach on what the public wants, as 95%
of the public is not profitable trading futures. Take the most popular indicator,
such as Stochastics and chances are its a good reverse barometer.
As for "the willlingness to kill or be killed for trivial reasons", one person's
trivial reasons is anothers momental reasons. Therefore, this is a totally
subjective judgement, which is totally out of synch with yoru stated trading
approach. One should only kill, for example, if the day the sarcastic oscillator
crosses below 20 or when it penetrates 80. Then you will either make a killing or
get killed.
Objectively,
Norman
> Karnish
> Cedar Creek Trading
> http://www.cedarcreektrading.com
> ----- Original Message -----
> From: Jeff Kingery <taotrader@xxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Thursday, June 29, 2000 11:00 AM
> Subject: [RT] RE: Gen: Support and Resistance -Gann Lines - CDou
>
> > No offense, Brent, but how does one make trading decisions based on these
> > lines? Sure, it looks nifty when the market appears to "bounce" off one
> > line or another, but I'm guessing there are somewhere between 64 and 72
> > lines on this chart. How do you evaluate the significance of every near
> > approach and crossing? I can't for the life of me imagine how all these
> > lines could help me decide when to enter/exit/reverse...
> >
> > Bewilderedly,
> >
> > Jeff Kingery
> >
> > -----Original Message-----
> > From: listmanager@xxxxxxxxxxxxxxx [mailto:listmanager@xxxxxxxxxxxxxxx]On
> > Behalf Of Prosper
> > Sent: Thursday, June 29, 2000 9:41 AM
> > To: realtraders@xxxxxxxxxxxxxxx
> > Subject: [RT] Gen: Support and Resistance -Gann Lines - CDou
> >
> >
> > More technical speed line, domed house on hilltop, expansion contraction,
> > long volatility, mumbo jumbo for your entertainment.
> >
> > Although the quality of my equipment is lacking I have done my best to
> show
> > what it looks like when I put lines on something. This something is Sep.
> > Canadian Dollar. Could there be something to it? Nah, its all coincidence
> > right.
> >
> > I guess that one mans voodoo can be another mans victory.
> >
> > Prosper
> >
> >
> >
>
> ------------------------------------------------------------------------------
>
> Name: cdu.gif
> cdu.gif Type: GIF Image (image/gif)
> Encoding: base64
|