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Strategies & Market Trends : Trading DiNapoli Levels -- Ignore unavailable to you. Want to Upgrade?

To: Mike Hagerty who wrote (13)	5/11/1998 3:25:00 PM
From: Craig	Read Replies (1) \| Respond to of 15

$162 is relatively cheap compared to other trading systems, including books. I have seen some books as high at $500, computer systems in the thousands. I even shelled out $80 for 10 large typed pages in a notebook (Cooper's momentum method). For me it is the best $162 bucks I have spent. I tend to do alot of reading, researching ideas and have spent alot of money. Unfortunately there are costs associated with this type of trading. Once I finish paying off Tradestation ($2000, ouch), it comes down to annual costs of data ~250 (Trend Datalink), MPT ~275, and my local internet account ~20. That is alot of money, but it is what I need to do to be successful. I do not want to come off as a cheerleader, I am just excited about what I have been doing. (I have no connection to DiNapoli). I have shared newsletters in the past and it was a pain. Re: scanning. I would not mind using scans myself. I have not spent much time on it because I need to learn to get a feel for the system and more importantly learn discipline. The biggest problems as I see it is the ability to combine the weekly special MACD with other daily data and indicators, plus incoporate the Fib retracement and expansion levels. In my previous testing I have found that replacing weekly data with the appropiate daily data does not give you the same results. It tends to whiplash alot more. My setup is two side by side windows. One with weekly data, MACD, detrended Osc, and a couple displaced MA. The other with the same but in daily form, with using the Fib retracement tool. I then flip through my data. A pain yes, but nothing comes easy. Another difficulty with scans is the ability properly define some of DiNapoli patterns. I have used his double repos and RR tracks with some success, especially on the short side.