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robbye67

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Posts posted by robbye67

  1. There is no RIGHT method to anything nor is there a Holy Grail. That is because there are many things you can do to get the same results. Understanding what you are doing and why will get take you a long way. This is because if you do, you will know if it is working; how well it is working; and to keep doing it or go back to the drawing board. This understanding will also keep you from killing your bank account because you will limit your losses quickly because of this understanding.
  2. This is from Wikipedia "MetaStock 12 cannot read MetaStock file format files. It can only use the proprietary Thomson Reuters feeds (DataLink for end-of-day daily data and Xenith for real-time intrady data). Starting from MetaStock 12 there are only two versions: Metastock EOD and MetaStock Pro." There is no file conversion of any type starting with version 12. They have gone the way of Tradestation with paid datafeeds only; therefore, version 11 is the last of the multiple datafeed Mohicans for Metastock.
  3. Hello. I haven't been active here for a while. Life seems to get in the way of things (including plans). Looking for this book "The Ultimate Options Trading Course" by Kerry W. Given aka Dr. Duke. I need more knowledge. Took a beating in the options market; however, I didn't lose a lot so I must have done something half right or God took pity on the fool.
  4. I haven't been active on this forum for a while because I am about to take my option trading company live again for the second time. I noticed this thread and I want to add my recent personal experience to give something back to you guys and gals. In August of last year I started out using virtual money. I started out with $25k and through my experimentatiom with indicators and charting, it went down to 19k. I was then able to figure out the correct indicators to use and I doubled my money to 38K in about less than two weeks. I then went live and I made 5k in about two weeks. Well using the same methods, I started losing real money. I ended the year with a $238.37 profit. I took a long break, analyzed and examined waht happen. Going back a bit, I remember someone selling his tutoring classes say "Indicators don't work". Well he is partially correct. Indicators work only in a trending market. Last year I made money when the market had a definite direction (I made money from Options in both directions - up and down). EA's use indicators to base their decision on what to do. If the market does what it does now, then the indicator will make money for you and then make you go broke. The bottom line is that in this market you have to use a neutral position to make money. When the market starts going consistently up or consistently down, then your EA's will also make you money. Also be careful of your broker. Their commissions and tricks can kill your account. I am not going to name any brokers here; however, the same identical spread from one broker would cost me $268.00 and another broker it would cost me $42 and some change. Finally, if Forex is your game, be aware that it is still the wild west for that opportunity and that market isn't as well regulated as the other markets. Also be aware of your broker. I was using a MT4 platform, when I was considering 4X, and I saw with my own eyes the price of the currency first shoot to the heavens; then shoot to the grave and return to normal. About five minutes later the spikes were gone like nothing ever happen. Good Luck and good trading.
  5. Do anyone have these training dvd's. I saw one presentation made by David Steelsmith Elliott (which included MOBO Bands and his rework (changing) of stochastics). I have seen many technical presentations; however, this had to be one of the most useful that I have ever seen. There were technical information that would definitely make all of us better traders regardless how many years you have been at it.
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