| JaguarVP |
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Gold User, Member, Platinum User, TeleChart
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| Registered User |
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| Unsure |
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| Thursday, October 7, 2004 |
| Tuesday, May 31, 2005 8:09:21 AM |
13
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Update on the MetaStock export, I am stuck using TC2000 until the new version has it. Please hurry!
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I see that TC2005 created a new directory, can I delete the old folder for TC2000? I use a program that scans for TC files and it picks up the TC2000 before it sees the TC2005.
Please advise.
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The point that I was making that too many people trade and not know what they are doing. I have trained people to Day Trade for three years and am willing too say 95% of the people should not be trading. Many of the people that I have taught are also now trading for a living. Trading is a business and you have to put the time in to learn and invest in the tools to get there.
I would like to know why they bought this stock, is it because they thought someone said it was going to the moon. Moreover, I disagree with you saying that the only thing they did wrong was not using a stop loss, the problem is they went into the stock blindly and did not have a plan for a profit exit or a loss exit.
I did not say that all my trades are profitable, but I did say that I make a nice living at trading (thus the name Jaguar Vanden Plas)and I know what to do if they don’t go my way. I do not believe a trade is a 50/50 wild guess, but I will say that over the last three years that I had more winners then losers.
I also trade for a number of people.
Trading is the only business that you can read one book over the weekend, open up an account and then start trading on a Monday.
I wonder if Doctors do that.
I have nothing to prove to anyone here, all I am saying it amazes me how people can throw money into a market and not know why.
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Wow this has to be the longest post I have ever seen.
This is a lesson to all. Do your homework, NEVER BUY because someone suggests you do. I have to laugh at buying a stock for the LONG TERM, is that because the stock is going the wrong way?
I live and eat the P&F Charts and the TC2000, it is so clear where support, resistance and the trend is. I would not enter this stock until to broke $2.80 and then it may only go to $3.00.
IMHO this is a DOG!
If I were to have traded it, I would have entered on 12/3/2004 @ $1.75 and sold on 12/8/2004 @ $2.80. KNow how I got this, Learn P&F. It jumps out at you and says "BUY ME!"
Before you blast me, I have been trading for 10 years and full time the last 5 and making a living at it.
Look at the stocks and only get into them when they say too, Anyone can buy it and hold on to it for 5 years HOPING to make cents. I look for the one that make Dollars.
Learn how to trade!
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As I look at the Stock CMGI, I see no reason to own it right now. It is in a BEARISH Trend and the next support is at $1.25ish.
I never buy a stock JUST BEFORE EARNINGS. At that point you are flipping a coin on what the Big Guys will do with it.
Also look at the Market Direction, it is hard to be long in a Market that is correcting and headed DOWN.
IMHO
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Update on the P&F Charting Software. I t has taken me a couple of days to feel my way through it and I very pleased with it. It has the ability to use the TC2000 data to look at all the stocks, indexes & ETF’s.
I have also linked it to my MetaStock Data and can intraday hourly timeframes. Just today I traded to it and made 3x's the money for the program. This was a small option trade.
I am still on a trial version but will purchase it when the time comes.
(I am not affiliated with the software so my comments are what I feel about the software).
I would love to start a P&F Group here to discuss trades.
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I just downloaded a free trial of a P&F Charting Program from www.archeranalysis.com and you can use TC2000 data. So far it look very good. Anyone else using this program?
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I know that you can expost the Daily Data to Metastock or to a ASCII file. Can you expost hourly data if you are using TCNet?
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I have this programed into Metastock and found as a technical indicator to be the bset for my trading.
Can this be programmed into TC2000?
Here is the code from Metastock:
Alligator Indicators - Bill William, "Trading Chaos"
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Chaos Blue BL
{Alligator Blue Balance Line - Jaw}
{13 bar smoothed average offset 8 bars}
Ref(Wilders(MP(),13),-8);
----------------------------------------------
Chaos Red BL
{Alligator Red Balance Line - Teeth}
{8 bar smoothed average offset 5 bars}
Ref(Wilders(MP(),8),-5);
----------------------------------------------
Chaos Green BL
{Alligator Green Balance Line - Lip}
{5 bar smoothed average offset 3 bars}
Ref(Wilders(MP(),5),-3);
----------------------------------------------
Chaos Gator
{ Chaos Alligator }
{ Plot as histogram }
green := Fml("Chaos Green");
red := Fml("Chaos Red");
blue := Fml("Chaos Blue");
If(green > red AND red > blue, green - blue,
If(blue > red AND red > green, green - blue, 0));
----------------------------------------------
Chaos AO
{ Chaos Awsome Oscillator - measures momentum }
( A very close approximation of MFI }
{ Plot as histogram }
Mov(MP(),5,S) - Mov(MP(),34,S);
----------------------------------------------
Chaos AO Signal Line
{ Chaos Awsome Oscillator Signal Line }
{ Plot as line over AO histogram }
Mov(Mov(MP(),5,S) - Mov(MP(),34,S),5,S)
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Chaos AC
{ Chaos Accelerator/Decelerator Oscillator }
{ Measures acceleration }
{ Plot as histogram }
Fml("Chaos AO") - Mov(Fml("Chaos AO"),5,S);
----------------------------------------------
Chaos Fractal
{ Chaos Fractal (simple version +1=Up, -1=Dn) }
High1 := Ref(HIGH,-2);
High2 := Ref(HIGH,-1);
High3 := Ref(HIGH,0);
High4 := Ref(HIGH,1);
High5 := Ref(HIGH,2);
Low1 := Ref(LOW,-2);
Low2 := Ref(LOW,-1);
Low3 := Ref(LOW,0);
Low4 := Ref(LOW,1);
Low5 := Ref(LOW,2);
Fractal :=
If((High3 > High1) AND (High3 > High2) AND (High3 > High4) AND (High3
>
High5), +1,0);
Fractal :=
If((Low3 < Low1) AND (Low3 < Low2) AND
(Low3 < Low4) AND (Low3 < Low5),
If(Fractal > 0, 0, -1), Fractal);
Fractal;
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I have found in the archives of the Worden Notes a nice scan to find stocks. Being a newbie, can someone show me how to write an easy scan using the following information?
Close today/close 250 days ago > 1.9
Price as % of 52 wk high >= 92.4%
Price per share >= 20
Volume 1 day-- 103 to max
EPS % change last quarter, rank of 70 or higher
Thanks
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