RE: Larry Williams - Money Tree ?

["Sean Taylor" <cloudnine@xxxxxxxxxxxx>]

Ondrea,
 
Thanks 
very much.  Very helpful.  I'll get a handle on stocks first - and 
drawdowns... and check out that book.
<FONT face=Arial color=#0000ff 
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<FONT face=Arial color=#0000ff 
size=2>Sean

  <FONT face=Tahoma 
  size=2>-----Original Message-----From: 
  owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On 
  Behalf Of Ondrea H DelioSent: Thursday, June 28, 2001 7:51 
  PMTo: metastock@xxxxxxxxxxxxxSubject: RE: Larry Williams 
  - Money Tree ?When I was just starting out, the Larry 
  Williams book you mention below was INDISPENSABLE to me.  His "swing 
  points" technique works just as well on stocks as on commodities and - if 
  you're a newbie at all this - don't go near commodities until you have an 
  emotional handle on drawdowns and losses in your stock positions (as well as 
  the sometimes substantial required minimum balance in your account to trade 
  even the e-mini contracts!).I wouldn't bother buying the program from 
  Genesis, especially if you stick with stocks.  Last time I checked, their 
  stock data was only available end-of-day, not intraday.A book you 
  might be interested in checking out that I (still) refer back to a lot: 
  Technical Analysis of the Financial Markets by John J. Murphy (1999 updated 
  edition).Hope this helps!OndreaAt 08:36 PM 6/28/01 -0700, 
  you wrote:
  Brian,I am new to 
    commodities.  Just starting down the road of Short-Termmechanical 
    stock trading.  Perhaps I should stick to that first and when 
    I'mconfident, then try futures.It's just that so many examples 
    in various books deal with commodities.  Iwas wondering if I should 
    move in that direction now.Thanks,Sean-----Original 
    Message-----From: owner-metastock@xxxxxxxxxxxxx[<A 
    href="mailto:owner-metastock@xxxxxxxxxxxxx"; 
    eudora="autourl">mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Brian 
    GaddisSent: Thursday, June 28, 2001 6:01 AMTo: 
    metastock@xxxxxxxxxxxxxSubject: Re: Larry Williams - Money Tree 
    ?At 06:33 PM 6/27/01 -0700, you 
    wrote:>>Hi,>Anybody purchased Larry Williams - Money 
    Tree?>What did you think?  Anybody using it?The Money 
    Tree is mainly for people who are newto trading commodities. It teaches 
    the classicLarry Williams position trading system that hedevised in 
    the late '60s-early '70s era.If you are a short-term/day trader, you 
    aren'tgoing to to get much out of it other than a fewpatterns for 
    short-term S&P trades in theBatting .800 book that's included with 
    the videos.
  < ondrea h delio | 
  odelio@xxxxxxxxxxxxxx >