Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Tom Trader who wrote (2780)	8/28/1998 2:08:00 PM
From: SE	Respond to of 44573

Nuts, just missed a valid sell at 1035. Was on the phone and by the time I realized it and ran my calculations, it was at 1033. Any bounce here and I will be looking to hit it. PS - Any references made on this account in the last half an hour to the long side, were made by my deranged twin brother. I have changed the password on the account to protect myself but every now and again he gets on and posts the opposite market moves to make me look bad. Just ignore anything posted under my name that is not the right call.

To: Tom Trader who wrote (2780)	8/28/1998 2:14:00 PM
From: SE	Read Replies (2) \| Respond to of 44573

I would love to hit it here, but I cannot bring myself to do it. This is moving way to fast for my liking. The first time I thought of hitting it it was at 1031.50. Now it is at 1035.00. I cannot do this. It is too fast. What if my twin brother comes by and I accidentally do the wrong thing....boom three minutes and out 6 or 8 points! I may call it a week.

To: Tom Trader who wrote (2780)	8/28/1998 2:51:00 PM
From: MonsieurGonzo	Read Replies (2) \| Respond to of 44573

Tom; RE:" candlesticks " Nison's Candlestick Charting Techniques is the best introduction, IMHO, Tom. Nison is one of those brilliant traders in the British trading house tradition. Morris' book, Candlepower (I got my copy in the U.K.) is renamed over in The States, Candlestick Charting Explained, goes into more detail, and is a better desk reference, though Nison's work is seminal, and his book is beautiful. I find candlesticks to be the easiest T/A indicator to work with, FWIW - contrary to OJ's deux centimes - as there is no 'calculation' involved: it is simply a different way of representing time-series data points. More in the tradition of Edwin Tufte's Envisioning Information and The Visual Display of Quantitative Information. amazon.com The candlestick tradition began with futures, BTW. The charming legend is that a Japanese gentleman named Munehisa Homma, during the 1600's began keeping records of the then-new rice futures market by drawing 'daily bar' lines on rice paper with coloured ink - and his interpretations allowed him to become the most famous futures trader in Japanese folklore. Nison discovered these "coloured, daily-bar charts" when he was stationed overseas, accumulated histories and interpretations from the locals, and translated these findings into English. amazon.com amazon.com -Steve

To: Tom Trader who wrote (2780)	8/28/1998 4:07:00 PM
From: Stoctrash	Read Replies (2) \| Respond to of 44573

Tom, are you gunna work on an intraday system as well? I mean, not one ta trade this type of market, but a normal market kinda thing? Or, are you gunna do it by look and feel ala Pat? BTW...any chance of a Buy Sig on your TT position trading system? What would it take like a 300 point up move in the Dow? The P*Stops are a LONG ways away from going green, they have been whipped around like a little boy in this choppy stuff, but again caught this big-O-drop. Right now I'd need a Weekly close on the SP8U of Better than 1095 befor I'd get any kinda bullish...and that don't look to be in the cards anytime soon.