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Re: Support & Resistance?



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Frans,
I guess that everyone is likely, to fall in that trap, especially when
designing indicators, developing systems, and that stuff.
I have a "naked" template, with nothing but the candles. When I get tired,
and confused, I look at it, and things mostly become clear again,
as trading is simple ;)
best wishes
Nicholas
----- Original Message -----
From: "Frans Derksen" <fjderksen@xxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Thursday, November 29, 2001 12:09 AM
Subject: Re: Support & Resistance?


>
> Nicolas,
>
> I like that: Trade what you see. The mistake I often make is that I trade
> what I think.
> Rgds,
> Frans
>
> At 10:21 AM 11/28/2001 +0100, you wrote:
> >Hello Frans,
> >I tried it for a day extensively over many securities, and didn`t like
the
> >concept at all.
> >The detected patterns were more or less profitable, but they were very
few
> >and small.
> >When watching a several years of daily data, with heads-and-shoulders,
> >triangles,...
> >the CPR only mentioned a small area, but missed the big moves.
> >So I cut my losses short , and returned it ;)
> >The theme remains interesting, but to me, the eye beats the machine right
> >now.
> >best wishes
> >Nicholas
> >
> >----- Original Message -----
> >From: "Frans Derksen" <fjderksen@xxxxxxxxx>
> >To: <metastock@xxxxxxxxxxxxx>
> >Sent: Tuesday, November 27, 2001 10:57 PM
> >Subject: Re: Support & Resistance?
> >
> >
> >>
> >> Hello Nicholas,
> >>
> >> Why did you return it that fast ? after 1 day ?
> >> They should let you have a longer try-out period.....
> >>
> >> Rgds
> >> Frans
> >>
> >> At 03:31 PM 11/27/2001 +0100, you wrote:
> >> >Frans, that looks good!
> >> >Also any owner, of "John Murphy`s CPR" could help, as I remember, that
> >this
> >> >plugin uses support and resistance.
> >> >I was an owner for a day, but returned it to equis...
> >> >Nicholas Bodeux
> >> >
> >> >----- Original Message -----
> >> >From: "Frans Derksen" <fjderksen@xxxxxxxxx>
> >> >To: <metastock@xxxxxxxxxxxxx>
> >> >Sent: Tuesday, November 27, 2001 7:46 AM
> >> >Subject: RE: Support & Resistance?
> >> >
> >> >
> >> >>
> >> >> Gerald,John,Lionel et all.
> >> >>
> >> >> See attachement.
> >> >>  Blue= support
> >> >>  White is= resistance
> >> >>
> >> >> This is for the S1 and R1 formula's.
> >> >>
> >> >> I use MS EOD 7.02 and just copied and pasted the formula's from the
> >> >> Equis-site.
> >> >>
> >> >> I don't know how to put these into the Explorer but there must be a
> >(easy)
> >> >> way........
> >> >>
> >> >> Regards,
> >> >> Frans
> >> >>
> >> >> At 10:09 AM 11/25/2001 -0600, you wrote:
> >> >> >Frans -
> >> >> >Thanks for the help.
> >> >> >Am I to assume that I would make an indicator for each: S1, S2,
> >> >> >...WSO,...R1...etc and then reference those in explorer in a filter
> >(as
> >> >in
> >> >> >the Enter Long)?
> >> >> >
> >> >> >
> >> >> >-----Original Message-----
> >> >> >From: owner-metastock@xxxxxxxxxxxxx
> >> >> >[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Frans Derksen
> >> >> >Sent: Saturday, November 24, 2001 2:49 PM
> >> >> >To: metastock@xxxxxxxxxxxxx
> >> >> >Subject: Re: Support & Resistance?
> >> >> >
> >> >> >
> >> >> >
> >> >> >Gerald et all,
> >> >> >
> >> >> >My suggestion:
> >> >> >
> >> >> >Go here:
http://www.equis.com/customer/support/formulas/cf00090.html
> >> >> >
> >> >> >Put those in the explorer and off you go.
> >> >> >
> >> >> >Enjoy your weekend.
> >> >> >Frans
> >> >> >
> >> >> >At 04:42 PM 11/23/2001 -0600, you wrote:
> >> >> >>Gerald:
> >> >> >>You have a valid point. You have to decide how far back you want
to
> >> >look.
> >> >> >>Lionel Issen
> >> >> >>lissen@xxxxxxxxxxxxxx
> >> >> >>----- Original Message -----
> >> >> >>From: "Gerald Novak" <gnovak@xxxxxxxxx>
> >> >> >>To: <metastock@xxxxxxxxxxxxx>
> >> >> >>Sent: Friday, November 23, 2001 2:46 PM
> >> >> >>Subject: RE: Support & Resistance?
> >> >> >>
> >> >> >>
> >> >> >>> Price Channel is OK, but it doesn't have any "smarts" behind it.
> >You
> >> >> >can't
> >> >> >>> really use LowestSince because you don't know how far back to go
to
> >> >get
> >> >> >>the
> >> >> >>> lowest, or, in the case of upper, the peaks...
> >> >> >>>
> >> >> >>>
> >> >> >>> -----Original Message-----
> >> >> >>> From: owner-metastock@xxxxxxxxxxxxx
> >> >> >>> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Lionel Issen
> >> >> >>> Sent: Friday, November 23, 2001 1:10 PM
> >> >> >>> To: metastock@xxxxxxxxxxxxx
> >> >> >>> Subject: Re: Support & Resistance?
> >> >> >>>
> >> >> >>>
> >> >> >>> Metastock has a price channel indicator. This might be of help
> >> >> >>> Lionel Issen
> >> >> >>> lissen@xxxxxxxxxxxxxx
> >> >> >>> ----- Original Message -----
> >> >> >>> From: "Gerald Novak" <gnovak@xxxxxxxxx>
> >> >> >>> To: "list Group Metastock (E-mail)" <metastock@xxxxxxxxxxxxx>
> >> >> >>> Sent: Friday, November 23, 2001 11:24 AM
> >> >> >>> Subject: Support & Resistance?
> >> >> >>>
> >> >> >>>
> >> >> >>> > Does anyone use Metastock Explorations to determine
> >> >Support/Resistance?
> >> >> >>> > I know that I can visually determine a line over the past X
> >months,
> >> >but
> >> >> >>> I'm
> >> >> >>> > wondering if there is an approximate formula that can be
applied
> >to
> >> >an
> >> >> >>> > exploration to determine those stocks hitting up against
support
> >or
> >> >> >>those
> >> >> >>> > stocks hitting up against resistance.
> >> >> >>> >
> >> >> >>> > Jerry
> >> >> >>> >
> >> >> >>>
> >> >> >>
> >> >> >>
> >> >> >
> >> >> >
> >> >
> >> >
> >>
> >
> >
>