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Neal:
I was just on vacation and need to use laptop.
Here are my thoughts:
Cable to connect the phone was expensive (for a simple cord)
Needed to pay long distance charges to dial in (Because I never set up and
account with a ISP that has local) + not sure if u in a boat where u reside.
And the other thing about is slow (14.4)
GW
-----Original Message-----
From: gouliot@xxxxxxxxxxxx [mailto:gouliot@xxxxxxxxxxxx]
Sent: Friday, May 18, 2001 3:19 AM
To: realtraders@xxxxxxxxxxxxxxx
Subject: [RT] Internet connection for trading
In Europe, you can do it pretty easy thru connecting through a WAP
system
cell phone. I should imagine in the US, too.
Gram.
-----Original Message-----
From: Neal Hughes <neal@xxxxxxxxxxxxx>
To: realtraders@xxxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxxx>
Date: 17 May 2001 17:11
Subject: Re: [RT] Re: Fibo Research
>
>Hello Mr Duffy,
>
>Have we met before?
>
>I'll be sailing my boat up to Canada next month. If you're on the
>west coast, we should get together, look at some charts etc.
>
>Thanks for your comments.
>
>For RealTrader list-members, has anyone resolved the issues
>of accessing the Internet while traveling, under-way in a boat
>for example??
>
>Thanks for any advice..
>
>-Neal.
>
>
>At 02:03 PM 5/16/2001 -0400, you wrote:
>>This was an excellent post. As such I better jump in now, before
those who
>>can't trade start criticizing those who do trade. Neal, nice job.
>>
>>
>>----- Original Message -----
>>From: Neal Hughes <neal@xxxxxxxxxxxxx>
>>To: <realtraders@xxxxxxxxxxxxxxx>
>>Sent: Wednesday, May 16, 2001 1:41 PM
>>Subject: Re: [RT] Re: Fibo Research
>>
>>
>> >
>> > List members,
>> >
>> > Fibs are a lot of fun, and can be very accurate and consistent.
But
>> > not on their own! You can't just blindly trade Fibs, you need to
>> > combine some lagging indicators..
>> >
>> > Fibonacci gives you a look into the future. They tell you where
>> > future support and resistance is, BEFORE price gets there. This
>> > is very powerful. But to the novice, it is very dangerous too.
Novices
>> > are usually wishing for a magical indicator that will easily
tell them
>> > when to get in and out.. Hehehe..
>> >
>> > As with ANY trading tool, you will find they work sometimes, but
>> > not others. How do you decide when to believe them?
>> >
>> > After years of studying and applying, I can say that this is a
>> > learnable skill and that you can become very good at it. But
don't
>> > expect a computer to figure it out and make decisions for you.
>> >
>> > It would take a lot of explaining, but here are some pointers:
>> > 1) Trade only with the trend, OR with a good directional pattern.
>> > (directional patterns can over-rule trend, actually predict a
change
>> > of trend before it happens).
>> > 2) Get good at watching the MACD and Stochastic in different
>> > time-frames. This will tell you exactly which fib level is most
>> > likely to turn price.
>> > 3) Give preference to trades which put your entry or stop in
>> > an area of Confluence or Agreement (some people call this
>> > clustering).
>> > 4) Employ entry techniques which reduce the need for you
>> > to guess! Enter when a Fib level is actually supporting
>> > or resisting, not before. This is not essential, but is highly
>> > recommended for those who are learning Fibonacci techniques.
>> >
>> > There are more advanced techniques to make your win-loss ratio
>> > really impressive, but you're not going to learn all of those via
email..
>> > The above is a good start. With some study and experience you
>> > can boost your performance with Fibonacci techniques.
>> >
>> > Years ago I did a web-based survey, asking traders why Fibonacci
>> > techniques work.. The results were interesting.. What is
important,
>> > is that they work.
>> >
>> > -Neal.
>> >
>> >
>> > At 03:13 PM 5/16/2001 +0000, you wrote:
>> > >To me, there are two practical problems with fib #s on their
own: 1)
>> > >lack of consistent precision -- people still put stops just
beyond
>> > >them, tempting the boys to run them when they can. So while
they are
>> > >sometimes precise enough to be useful, it isn't consistent.
Also,
>> > >there are times when log scale works and times when lin does.
2) How
>> > >do you decide which fib # is going to work? Sometimes clusters
help,
>> > >but not consistently.
>> > >
>> > >I have come to respect angular geometry techniques like Andrews
more
>> > >than fib for turning points. Much more precise. Amazingly,
there is
>> > >usually an Andrews reason for those turns just above, just
below, or
>> > >nowhere near fib #s. I still look at fibs, but as a secondary
>> > >consideration.
>> > >
>> > >I don't know how this could ever be tested other than manually
>> > >though, not in TS anyway. The code for the best fit for Andrews
>> > >would be pretty darn big.
>> > >
>> > >Chris
>> > >
>> > >
>> > >--- In realtraders@xxxx, "Dan Harels" <harelsdb@xxxx> wrote:
>> > > > This is directed to Research, however, I encourage others
with
>> > >insights to
>> > > > reply.
>> > > >
>> > > > In a previous post, Research indicated that he is fond of
figuring
>> > >things
>> > > > out and that a good share of his trading profits go towards
>> > >computational
>> > > > power. Mr. Research has established his credibility in my
mind and
>> > >I am
>> > > > curious if he has performed any studies related to the
statistical
>> > >validity,
>> > > > from a trading point of view, of Fibonacci retracements and
>> > >expansions. Any
>> > > > information he cares to share on this subject will be
appreciated.
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