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Non-Tech : OmniTrader-Do you like it??? -- Ignore unavailable to you. Want to Upgrade?


To: Allan Corrado who wrote (330)4/2/1999 9:05:00 PM
From: Frederick A. Fyfe  Read Replies (2) | Respond to of 402
 
Why don't you go to the Nirvana site and look in the archive signal watch section. There are a lot of studies and lessons. You have to read up on technical analysis and try out your ideas on paper or in the game mode. Technical Analysis of Stocks and Commodities has a book by or about Whykoff that would be helpful, I think. Whykoff was a very successful trader and his ideas still stand today.
OT is a tool to find stocks that meet your standards, then it is your job to use the grey cells to pick out the ones that are ready to move.
It isn't easy, but with effort and practice on paper, it won't be long before you will start to recognize potential winners. Don't be greedy - take a point or two when you can and then on to the next one.
Pick out good stocks IBD top ones and don't follow too many until you've proven to yourself that you are able to trade.
There is a Yahoo Club, Investors Business Daily by David Cooper.
Cooper works for IBD and he puts some of the top industries and stocks that are movers on the list every night.

Good luck



To: Allan Corrado who wrote (330)4/11/1999 10:01:00 AM
From: CatLady  Read Replies (2) | Respond to of 402
 
I would be interested in hearing your impressions of 4.0 when you get it.

For a while last summer I was doing very well with OT, but then around early October, trading patterns seemed to change and what had been working, stopped working quite abruptly. So I moved on to other TA techniques.

I'm trying OT again now, to see if it can help me filter some lists I get out of TC2000 scans.

4.0 doesn't seem to offer much over 3.5 for EOD use, wonder if the upgrade is worth it?