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<P><FONT face="Century Schoolbook" size=2><FONT size=2>I must have been watching
too much HBO. I get it. Canned indicators. Agree, the canned indicators may work
with futures and slow moving stocks but they sure aren't going to tap the big %
movers, we have been seeing. It also makes a case for asymmetrical indicators
</FONT></FONT>
<P><FONT face="Century Schoolbook" size=2><FONT size=2>Richard Estes</FONT>
<P></P>
----<BR>
<B>From: </B>Harley Meyer <Harley.D.Meyer-2@xxxxxxxxxx><BR>
<B>To: </B>schilds@xxxxxxxxxx<BR>
<B>Cc: </B>metastock-list@xxxxxxxxxxxxx<BR>
<B>Date: </B>Tuesday, June 10, 1997 10:52 PM<BR>
<B>Subject: </B>Unidentified subject!<BR>
<BR>
<HTML><BODY><FONT size=2>Here are a couple of things to think about. Be they
right or wrong I am not<BR>
sure. But they are things that I had explored when I was first getting
started.<BR>
First of all if your indicator works well for you to go long why can't you
just<BR>
turn everything upside down by using the negative function and then plot
your<BR>
data upside down and then use the same indicators that got you in to get you<BR>
out.<BR>
Here tops become bottoms.<BR>
What I am trying to say most of all is that you are thinking of ways that
work<BR>
for you and don't come in a can. And that along the way entry may be easy
but<BR>
exit is difficult. The above solustion may be a logical step to completing
some<BR>
ideas. But it isn't a final solution to the problem you choose to solve.<BR>
<BR>
Harley Meyer<BR>
<BR>
On Tue, 10 Jun 1997 20:36:26 -0500 (CDT),<BR>
S Childs wrote...<BR>
>I was experimenting with shifted MA's awhile back and found through<BR>
>optimization one the seemed pretty good on the Yen. (I was using the<BR>
>spot at the time) anyway the system gave a long signal six days late(the<BR>
>forward shift was six) and I established a long in the Yen May 6th. Now<BR>
>on to the next part. Has anyone experimented with Rsquared and Linear<BR>
>Regression Slope to establish an exit point either in combination with
MA's<BR>
>or not? I plan to try an optimization routine but I know many in this
forum<BR>
>are way ahead of me here and can add some very useful input. Thanks!<BR>
><BR>
>Stan Childs<BR>
>Tradewinds North, Inc<BR>
>Stanley W. Childs-CEO<BR>
>HC 83 Box 466<BR>
>Pequot Lakes, MN 56472<BR>
>Telephone 218-543-4445<BR>
>Fax 218-543-6835<BR>
><BR>
><BR>
<BR>
Harley Meyer<BR>
meyer093@xxxxxxxxxx<BR>
<BR>
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</x-html>From ???@??? Wed Jun 11 07:31:14 1997
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I've been using--and continuing to experiment with--the RRC, without having ever read anything in any books about it. I've been using it pretty much as I would a typical (which for me is drawn Trader Vic style) trend channel. For an up trend, I begin the channel at a reaction low at some point in the past (often at a major reversal point) and end it at the most recent reaction low. I reverse this for down trends. I've experimented with starting at the low, and ending at a recent high, with sort of blechy results. . . .
I'd like to know how others draw these channels.
Also, anyone use Andrews Pitchforks? All I know I read in a very superficial TASC article a few months back. The only time I seem to get decent signals is when prices make tidy minor reactions. Any experiences/hints here?
I like using trendlines to trade. In fact, I haven't found any of the esoteric indicators (R-Squared, Slope) to give better signals (worse, in fact, since I never got them to work for me) than a combination of MA's (I use 5, 13, 21, 55), trendlines, and a momentum indicator, either MFI, ROC, or RSI, whichever has been giving the best signals most recently for any given stock. I sometimes check one momentum indicator against the other--they aren't all the same, regardless what the books say, especially when volume is in the formula.
I look forward to reading some of your responses.
Alan M.
___________
"Better you than me."
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