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Thanks, I've got it and over a decade of past issues.
bobr
----- Original Message -----
From: "Neal Hughes" <neal@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: <bobrabcd@xxxxxxxxxxxxx>
Sent: Friday, May 18, 2001 3:55 PM
Subject: Re: Re[2]: [RT] Re: Fibo Research
>
>
> Stocks and Commodities, published March 1995.
>
> If you can't find the magazine, I can ask Joe DiNapoli if he has the
> text so I can send it to the list. It's a great discussion on how
> difficult it its to compete with the pro's at the key turning points.
>
> -Neal.
>
>
> At 10:27 AM 5/17/2001 -0700, you wrote:
> >What was the issue of TASC?
> >
> >----- Original Message -----
> >From: "Neal Hughes" <neal@xxxxxxxxxxxxx>
> >To: <realtraders@xxxxxxxxxxxxxxx>
> >Sent: Thursday, May 17, 2001 10:14 AM
> >Subject: Re: Re[2]: [RT] Re: Fibo Research
> >
> >
> > >
> > > >
> > > > >Liquidity can be a real problem.
> > > > >
> > > > >When you are right, you struggle to get a fill, because there
> > > > >is a lot of competition for the liquidity at turning points. When
> > > > >you are wrong, it is very easy to get a fill..
> > > > >
> > > > >when you are nailing market turning points, you find
> > > > >there isn't enough liquidity..
> > > > >
> > > > >Neal
> > > >
> > > >This statement seems counterintuitive to me. At turning points,
there is
> >a
> > > >balance between buyers and sellers and liquidity should be at its
> >greatest.
> > > >When a market is trending, buyers and sellers are out of balance and
the
> > > >market moves. Are we talking about the same thing?
> > > >
> > > >Thanks,
> > > >
> > > >Dan
> > >
> > >
> > > Dan,
> > >
> > > Think about it this way.. If you manage to predict the high and the
low
> > > of the day.. What are your chances of getting a fill at those two
> > > prices, the high and the low? There are very few trades at the
> > > high and the low, usually. Often the chart reverses so fast at those
> > > levels.
> > >
> > > It is very easy to get a fill when the market goes against you,
> > > more difficult to do so when you are right. Even more difficult if you
> > > are precise.
> > >
> > > If you haven't struggled with this a lot, try Fibonacci!
> > >
> > > Joe DiNapoli wrote an excellent article on this (published years ago
> > > in Stocks and Commodities magazine). It was about the problem
> > > of X'd trades (cancelled trades) at turning points.. If members are
> > > interested I'll locate it on the web for you.
> > >
> > > If you haven't had a trade cancelled by a floor trader, keep getting
> > > better... It will happen.
> > >
> > > -Neal.
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > >
> > >
> > >
> > > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> > >
> > >
> >
> >
> >To unsubscribe from this group, send an email to:
> >realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> >Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
>
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