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<DIV><FONT face=Arial size=2><SPAN class=579033314-01072000>Good Morning
RealTraders:</SPAN></FONT></DIV>
<DIV><FONT face=Arial size=2><SPAN
class=579033314-01072000></SPAN></FONT> </DIV>
<DIV><FONT face=Arial size=2><SPAN class=579033314-01072000>I am in the process
of possibly changing trading platforms. Currently TS2000i, to MetaStock
Professional. Does anyone have or know where to get FOREX data for this
platform? Secondly, is it possible for me to convert my existing database to
MetaStock format?</SPAN></FONT></DIV>
<DIV><FONT face=Arial size=2><SPAN
class=579033314-01072000></SPAN></FONT> </DIV>
<DIV><FONT face=Arial size=2><SPAN class=579033314-01072000>Thanks in
advance.</SPAN></FONT></DIV>
<DIV><FONT face=Arial size=2><SPAN
class=579033314-01072000></SPAN></FONT> </DIV>
<DIV><FONT face=Arial size=2><SPAN
class=579033314-01072000>Richard</SPAN></FONT></DIV></BODY></HTML>
</x-html>From ???@??? Sun Jul 02 05:54:09 2000
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Date: Sat, 01 Jul 2000 10:08:11 -0600
To: <realtraders@xxxxxxxxxxxxxxx>
From: Brian Keith Voiles <admagic@xxxxxxxx>
Subject: [RT] Measuring S&P Momentum/Strength
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Status:
Is there a simple way to measure the momentum or strength of any
given move in the S&P?
For example:
I day trade the S&P. Let's say I'm long from 1420 with a sell stop at 1415.
And let's say the long position is going my way... and its presently up to
1426.8.
Then suddenly, there is an attempt to turn the price action down (because I use
candlesticks, I watch the price action... and if there's a doji or VTop
candle that's
about to close... that's an "okay" indicator that a reversal could happen).
What I want to "know" is what's the best way to measure the strength of that
potential reversal... how can I measure it's momentum or potential strength
well
enough to know that it's time to take the profits out of the market... or
if I should
just tighten my stop (my experience suggests I shouldn't move the stop any
closer
than $1,250... otherwise if the trade turns into a nice up move chances are
I'll
get stopped out and "miss" the move even though I locked in some small
profits).
I'd like some assistance in finding an indicator that will accommodate one
of my rules,
which states:
"When price action shows a potential reversal, but the momentum of the
reversal is weak,
allow the reversal bar to close, then move the stop loss up to 5 points
away from the close
of the potential reversal bar."
Any advice from experienced pros is welcome. Thanks.
Sincerely,
Brian Voiles
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