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Strategies & Market Trends : Book: Hit And Run Trading by Jeff Cooper -- Ignore unavailable to you. Want to Upgrade?


To: Jim Snyder who wrote (82)1/22/1998 12:22:00 AM
From: Bruce Hoyt  Respond to of 438
 
Jim, I read the "5 Day Momentum Method" and recently tried the free one week email service. Not all entry prices were hit and some plays were stopped out quickly but if you had played all the recommendations you would have profited at least $ 9,500 for the 5 days of recommendation. FYI 5 days of plays take 10 days to finish playing out but no more than $ 350K was in play at any time if you bought 1000 share lots. Excellent winner percentage at least for that week.

I don't have SuperCharts but I have tried and not been able to program the formulas on my IQ Charts program.

Bruce



To: Jim Snyder who wrote (82)1/22/1998 10:51:00 AM
From: Joe Sheets  Read Replies (1) | Respond to of 438
 
Jim,
on my second day of e-mail. I DO check each pick before I paper trade. First day(1/21/98) all picks matched chart patterns. Out of 17 picks: 3 winners 6 loosers and 8 did not make the entry point recommended. I think it's probably a do-able method. I'll keep posting win/loss for the rest of the week.

Joe

P.S. 2 of the 3 winners were short positions. 1 of the 6 loosers was a short. Jeff does include a "trading indicator" with his e-mail. This is suppose to indicate a trend in the market on the next day. 1-2=up trend, 3=either way(neutral) 3-4=down trend. 1/21/98 was a 3-4. Today a 3. we'll see!



To: Jim Snyder who wrote (82)1/30/1998 9:55:00 PM
From: bob wallace  Read Replies (1) | Respond to of 438
 
Jim

this post is a little old, but Cooper's system is not fully mechanical because he does not include any exit strategies

I don't know if you have done any of his trades, but when you're sitting there with a 1 1/2 point gain and the bid suddenly ticks back 3/8 and the the spx has hit a wall,.... well, it would be real nice to have a mechanical exit just then