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Steve:
This paragraph is most important:
The key continues to be: realizing
that "nothing works on everything". Pick orderly, specific issues, and
apply unbending rules. The StoRSI, the CMO, and BB Osc all work
well. Of course, I have altered and adjusted each of these indicators to
perform in a more orderly fashion. The default numbers that are supplied
by the Chande, or Blau or whoever initially conjures the formula are merely
jumping off points to "tear down" and "rebuild".
Unfortunately too many people asume that because
someone wrote it down it must be asolutely true, and to change anything is an
act of heresy. I began to make progress when I stopped using the default
parameters as other than a starting point.
Lionel Issen<A
href="mailto:lissen@xxxxxxxxxxxxxx";>lissen@xxxxxxxxxxxxxx
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<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Steve
Karnish
To: <A
title=Metastockusers@xxxxxxxxxxxxxxx
href="mailto:Metastockusers@xxxxxxxxxxxxxxx";>Metastockusers@xxxxxxxxxxxxxxx
; <A title=metastock@xxxxxxxxxxxxx
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx
Sent: Friday, June 08, 2001 11:28
AM
Subject: Re: (Steve Karnish) Re: [RT]
BEAS
Herman,
My "explorations" have evolved slowly over the
last couple of years. In the beginning, I monitored the Naz 100
stocks. I then decided to reduce the number to 50 stocks and include a
number of the Dow 30. As time slipped by, I began "exploring" the
S&P 500 stocks. I settled on the current "50" and have another "50+"
on the sidelines.
Recently, I have been supplied a list of
"fundamentally" screened stocks. To my surprise, the results were very,
very good. None of the newly screened stocks are in the current list
that I post publically. In fact, I haven't the slightest idea what
criteria is used to cull these issues out of the bigger mix (except, they all
have strong, postitive trends).
I've always been a "funny mentals" basher and
have relied exculsively on a technical approach. Of course, that's
still the same approach I take. I have been "supplied" this screened
list by a asset management company and I decided that it wouldn't hurt to run
the numbers on these issues.
The most intriguing part of this whole exercise
is that not only do these screened stocks perform well under the current
default settings (that I've been using for a couple of years)....but, when the
"triggers" are slightly adjusted to represent a strong fundamental posture,
the returns, in most cases, increase dramatically.
The key continues to be: realizing that
"nothing works on everything". Pick orderly, specific issues, and apply
unbending rules. The StoRSI, the CMO, and BB Osc all work well. Of
course, I have altered and adjusted each of these indicators to perform in a
more orderly fashion. The default numbers that are supplied by the
Chande, or Blau or whoever initially conjures the formula are merely jumping
off points to "tear down" and "rebuild".
Take care,
Steve Karnish, CTACedar Creek Trading<A
href="http://www.cedarcreektrading.com";>http://www.cedarcreektrading.com
----- Original Message -----
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<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Herman van den
Bergen
To: <A title=metastock@xxxxxxxxxxxxx
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx
Sent: Friday, June 08, 2001 5:06
AM
Subject: (Steve Karnish) Re: [RT]
BEAS
At 09:23 AM 6/5/01 -0700, Steve Karnish wrote:
>>>>
Haytham,...My trades
are triggered, very simply, by monitoring a Chande momentum oscillator and
then, buying and selling at "default" trigger levels (extensions of the
indicator).
<<<<Steve,
your previous posts got me working harder at using the CMO, StoRSI and BBosc
... I am trying hard to duplicate some of your results :-) I get a kick out
of seeing how you managed to hit some of the highs and lows with, what often
seems, no delays...Anyway, I believe that one critical part of your
system that is hasn't surfaced on this list is your Exploration for stocks
to trade - in fact, I would guess that without a very specific Exploration,
you would have no system. Correct?Would you care to comment on the
development of a good explorations?Best,Herman.(Novice
Trader)PS: Developing a trading system = Reverse engineering
successful trades.
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