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On Wed, 22 Oct 2008 08:44:52 +0800
"Jeff" <jharteam@xxxxxxxxxxxxxx> wrote:
> Hi Charles:
>
> Gannghost and WheelInTheSky, I have joined years ago;
>back then, it wasn't
> that active; I doubt very much if they are still active
>nowadays. Although,
> over the years, I have never met you in person. But for
>the past 10+ years,
> we have had lots of communications on trading and
>methodologies. Please
> correct me if I'm wrong, I gauge that you must have been
>jumping around
> looking for one methodology after another.
============================================
Jeff, that is correct. I have been successful
(comparatively) trading domestic
international mutual funds before Elliott Spitzer. When
that game was ending,
I transferred all my monies into annuities where the game
was still alive for
a couple of years or so. When it caught up to annuities,
I then survived by
hedging by going long internationals/short ProFunds
indexes. Earlier this year
I saw the writing on the wall and have been relatively
inactive; except for some
gold trades; which is a different ballgame.
To do what I did; you really didn't have to be a great
trader. It was so simple
and easy. Wall Street Up = Foreing Markets Up = No/low
risk = high profitability
trades.
All the posting etc. was derived mostly for research
backup and passion. But I
never learned any stand alone method for trading naked
with any degree of uncertainty.
Yes, we go back a ways, and I always valued your feedback
and input. It sounds
exciting living there in HongKong. How did you get the be
there; if I may ask?
I live in Houston.
=================================================================================
> Ira is very correct in that the first thing is you
>really have to know what
> you are searching for. Speaking for myself, I love
>Gann's works for years
> and I just KNEW it works; but for whatever reasons, I
>just couldn't crack it
> (maybe just too stupid on math!). So, this methodology
>is a goner forever
> when it comes to trading for a living.
========================================================
I identify completely!!! Some say you need a tutor/mentor
who has
experience with Gann, which puts you into another loop of
sorts.
=================================================================
Believe me, there
>are so many very
> diverse methodologies to make calls for the markets, and
>in this group,
> these people are using and showing them all the time to
>the group. It only
> takes a few months of time to observe and you will be
>able to come to the
> conclusion if their methodologies are for real or not.
>Personally, as you
> can tell on my charts, I just use the RSI, moving
>averages & Stochastic
> Slow. And most importantly, the Andrew's Pitchfork
>(inspired by Tim Morge).
> As Ira has put on his specs for entry, the fork gives me
>specific entry
> condition, stop loss and target. And WHEN NOT to enter
>the market. Babson
> Lines are used to time my entry. There you go, that's
>all the stuff I use
> for trading; and nothing else is up my sleeve. Yes, all
>these are not new;
> they are really 'old stuffs' already.
==========================================================
Tim, I never had your confidence. The guy I like best in
our
group is Ben. But dammit, have you ever attempted to
correspond with
him? It's impossible to communicate or understand exactly
what he's
doing. Guess I shud just pay the 1K for his system and
hope he explains
how it works. (:-) Seriously, I do think his stuff is
pretty darned good.
I have seen some of his student testimonials but....
To clarify, are you saying you use the APitchfork only for
your entries/exits/targets?
And then you confirm that with Babson Lines?
=======================================================
> Last night, Clyde Lee showed the specific entries on his
>chart on longs and
> shorts of the Gold market, Jim White called a specific
>juncture of the Gold
> market a long on 60-min chart on 778.80 stop. A week of
>two ago, using his
> 'Excel' sheet indicator, Ben warned of not entering long
>on Gold. All these
> calls are right on. But what's most important is I
>don't really know how
> they come up with these market calls and their
>methodologies may not be used
> by me in a comfortable level. But the most enjoyable
>thing, being in a
> group, is that I would be able to have a chance to
>compare trading results
> with these workable methodologies. The Andrew's
>Pitchfork has further
> confirmed Clyde's areas of longs and shorts, Jim White's
>reason behind of
> calling a temporary intraday bottoming and Ben's weeks
>ago warning of not
> entering long on Gold. Charles, my point is if the
>methodology is genuine
> and 'honest', they may start on a very diverse manner,
>but ultimately, they
> will converge in the end and end up with the same
>conclusion. There is only
> ONE way to win and many ways to loose. Please find a
>comfortable method of
> your choice and learn it well before you pay for
>indicator(s). Take care.
>
> Have a good one
> Jeff Harteam
====================================================================
I see what you mean Jeff, and I should have picked up on
that by now.
Most importantly, you have chosen a method that YOU FEEL
COMFORTABLE
WITH.
Ah, must be adventerous living in Hong Kong!!!
Very best wishes, and thank you for writing.
Charles Meyer
===============
>
> -----Original Message-----
>From: realtraders@xxxxxxxxxxxxxxx
>[mailto:realtraders@xxxxxxxxxxxxxxx] On
> Behalf Of chaze
> Sent: Wednesday, October 22, 2008 4:10 AM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: [RT] LEARNING FROM OTHER TRADERS
>
> Group-
>
> This is pretty much of what I call a 'mixed-bag'. I
>have
> learned a lot from others
> over the years, as well as gaining some new friends, as
>a
> result of being a member
> of this group. Since that time, many have come and
>gone,
> and what was once a
> board with profilic and execellent posters, has dwindled
> down quite a bit.
>
> There are some posters who answer questions and are very
> generous with sharing their
> information and trading experiences. Others lurk, and
>may
> know a lot, but you
> never hear from them. Or, perhpas they don't need to
> learn anything from discussion
> group. For my part, in an effort to survive, I have
>found
> it necessary to devote
> some (often times a lot/sometimes I get burned out
>having
> to learn new things) time
> and effort to learn new tricks. More recently, I have
> found myself pretty burned out
> on researching. I mean you can only rehash an open,
>high,
> low, close so many ways,
> regards indicators.
>
> The point to my long winded post is that I do believe
> there is some merit (a lot
> depending on who wants to share!) in learning from
>others.
> In this connection, I'm
> sure we ALL have wasted a lot of TIME persuing dead
>ends.
> Myself surely included
> because I know of no secrets to this trading stuff.
>
> In a nutshell, I would value any feedback or help
>regards
> the following websites:
>
> astrofinance@xxxxxxxxxxxxxxx
> timeandcycles@xxxxxxxxxxxxxxx
> gannghost@xxxxxxxxxxxxxxx
> wheelsinthesky@xxxxxxxxxxxxxxx
>
> After all, there are only so many hours in a day, but
>can
> someone share how helpful
> the above groups have been? And are there any others I
> may have missed? If you don't
> feel comfortable with your comments, feel free to e-mail
> me direct.
>
> I hope this is not offtopic.
>
> Thanks for listening.
>
> Chas
> ====
>
>
>
------------------------------------
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