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Lionel,
It's an exploration that Jeff Brady posted some time ago. I had it in
my MetaStock Exploration list, but lost it when I had the hard disk crash.
Maybe Jeff would be kind enough to post it again.
Jim
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> From: Lionel Issen <lissen@xxxxxxxxxx>
> To: Jim Greening <JimGinVA@xxxxxxxxxxxxx>
> Subject: Re: Trading Education For Me
> Date: Thursday, September 18, 1997 3:44 PM
>
> What is the brady exploration?
>
> Liomel
> \
> At 02:16 PM 9/18/97 -0400, you wrote:
> >Andrew,
> > My strategy/methodology is as follows:
> >
> >1. Identify stocks to add to my database by weekly Telescan Prosearches.
> >I'm currently running four different searches that identify 25 stocks
each.
> > I then eyeball the resulting charts to see if there are ones that I
don't
> >have in my database that I want to add to the database. I'm looking for
> >stocks based on trend channel analysis, either a break out or bounce off
a
> >channel wall. I also demand good fundamentals for long positions, poor
> >fundamentals for short positions. I usually add less than 10 weekly.
> >
> >2. Prune my database periodically. I try to keep below 200 stocks in
my
> >database. I'll delete potential long positions that have given sell
> >signals or that have run up too much. vice-versa for potential shorts.
> >
> >3. When I place new stocks in my database, I use a default template
that
> >plots the stock as a CandleVolume chart with 21, 55, and 233 day
> >exponential moving averages. Below the chart is a window with the
volume
> >and an 8 and 55 day times series moving average of the volume. Above
the
> >chart are three windows with the RSquared, tema(S/C), and tema(MFI)
> >indicators. The tema(S/C) is a tema smoothed indicator of the 34 day
> >LinRegSlope divided by the Close. The other is a tema smoothed 55 day
MFI.
> > I'll change the indicators to reflect which system test performed best.
> >
> >4. I run weekly Explorations to help determine which stocks to put on
my
> >watch list. Again, I make final decisions based on eyeballing the chart
> >with trend channel analysis being the focus.
> >
> >5. I look at charts of my open positions and watch lists daily. I also
> >look at several different indices and market indicators daily.
> >
> >6. I'm usually fully invested. I always maintain targets and stops for
> >all my open positions. The stops are mental stops. If a stock close
> >violates my stop, I'll place a market order to close the position at the
> >open the next day.
> >
> >7. I replace closed positions by stocks or options from my watch lists.
> >The new position will be short or long depending on if the indices at
the
> >time are in up or down trends. I'll also go to large or small cap or
> >particular sectors depending on my indicators and what my current open
> >positions are. I always set my target and stop before entering a
position.
> >
> > That's a very quick, bare bones summary.
> >
> >Jim
> >
> >
> >
> >----------
> >> From: Andrew J. Kornberg <kornberg@xxxxxxxxxxxxxxxxxxxxxxxxxx>
> >> To: metastock-list@xxxxxxxxxxxxx
> >> Subject: Trading Education For Me
> >> Date: Thursday, September 18, 1997 9:40 AM
> >>
> >> Hi,
> >>
> >> I wonder whether the contributors to this list can step out their
> >routines
> >> in preparation for trades, and identifying possible stocks.
> >>
> >> I love the explorations put up, but actually want to go back a step.
> >>
> >> My steps are as follows:
> >> 1. I download the end of day data
> >> 2. I run the "Brady Exploration" on all the stocks.
> >> 3. I look at the hits.
> >> 4. Most of the time, there are few hits so I run an exploration where
> >there
> >> are higher highers, higher lows, and increased volumes.
> >> 5. I look at the charts, and make a short list
> >> 6. Trade.
> >>
> >> Is this what the majority do?
> >>
> >> If not, what do you do? What initial explorations do you use? What
> >other
> >> advice do you have for the wanna bees!!
> >>
> >> I'm just trying to learn different strategies, anything that can me
trade
> >> better.
> >>
> >> Thanks.
> >>
> >> Andrew
> >>
> >>
> >> Andrew
> >>
_______________________________________________________________________
> >> Phone: +61 3 9532 7714
> >> Fax: +61 3 9822 0955
> >> email: kornberg@xxxxxxxxxxxxxxxxxxxxxxxxxx
> >>
_______________________________________________________________________
> >
> >
> >
> >
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