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Don,
Thank you so much for your thoughtful reply.
I appreciate your kindness.
Warmly,
Brian
At 11:00 PM 5/6/2001, you wrote:
Brian:
The equity charts from your trade by trade
spreadsheet can be quite useful. I have noted peaks of mas of the
%winning trades and ave trade are useful to track along with the equity
and mas. You will often see the former 2 factors show short term
cycle peaks before the equity and then diverge negatively as a warning to
at least reduce size for the coming lean period. The reverse can
occur prior to equity upswings as well. One can similarly follow
Elliott waves within the equity, ect.
To chart within TS5, just convert your
spreadsheet column(s) desired for graphing to text (ascii) by a copy and
paste to Wordpad, then save as to a new file. Then use TS5 to
create a new window or workspace and use the "3rd party
directory" under "format symbol" to use the ascii file you
created in wordpad. It can be a bit tricky to match the right
parameters with the file, but it works nicely when everything is set
correctly.
Don
From: Brian Keith Voiles
realtraders@xxxxxxxxxxxxxxx
Sent: Sunday, May 06, 2001 11:42 PM
Subject: Re: [RT] Charting Equity -- Example
Norman,
Thanks for the reply. I will spend time this week trying to figure out (again) how to do it in TradeStation 2000i.
I appreciate your posts and your seasoned advice.
Warmly,
Brian Voiles
At 06:14 PM 5/6/2001, you wrote:
BKV,
I suggest making it look more like a stock or commodity chart. Then you can add trendlines and look for price patterns.
Chartingly,
Norman
----- Original Message -----
From: Brian Keith Voiles
To: realtraders@xxxxxxxxxxxxxxx
Sent: Sunday, May 06, 2001 8:07 PM
Subject: [RT] Charting Equity -- Example
Dear Experienced RealTraders,
Is this a good way to chart my equity? If so, am I to assume that once my account
balance gets near $25,000 I should consider myself "overbought" and I therefore need to
become more cautious?
These are my actual results over the last month... you can see I
had a pretty big "draw-down" on April 24th and 25th... the 2 days following a nice run
up in equity.
Should I chart each trade? This is a chart of daily results... but I'm thinking that charting
each trade would be more valuable.
Should I add a 20-period Moving Average, stochastics, RSI, etc... all to help me know
when I'm most likely to hit some losses?
Should I read a book to learn how to do this correctly?... if so what book is recommended?
Thank you for your valued input... I know I have a lot to learn.
Warmly,
Brian Voiles
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