Hello and welcome to my blog.
Right now everything is in limbo and sort of half done. Some house cleaning and purging done but still a mess. Two computers but nothing shifted over to the new one. Market stuff up in the air and still lacking a good monitoring procedure. In addition I have added a couple of new indicators which need a closer look. Two steps forward and one step back.
While getting a couple of how to books for Windows 7 I browsed the business section and came away with "The Complete Turtle Trader" by Michael W. Covel. A pretty good summation of what the Turtles were about. The best chapters are the one on the Turtle philosophy and the one on the Turtle system. I will admit that years ago I was gullible enough to pay big bucks for a 3 day seminar on the Turtle secrets. Man what a shnook. Oh well live and learn. So years later I am now going to use a very stripped down and modified version of the Turtle way.
Added to what I am already using will be a breakout above an 18 day high. Pretty basic. For risk management I am looking at using a breakdown below a 3 day low. As well I am adding a modified Average True Range for risk management. The MetaStock codes are at the bottom of the post. I have to be careful though since the charts are already overly lined and approaching the point of 'where is the price'. I think these new tools will be worthwhile and it is a matter of scrolling the charts to see how well they will fit in with what I already have. This means that part of my organization over the next few weeks will be fitting the pieces together to form a coherent whole. All of the parts are there but a good monitoring system is still lacking. I am confident one will emerge in the next couple of weeks.
Thank you for your time.
Turtle High:
If(H > Ref(HHV(H, 18), -1),1,0)
Binary indicator of a new 18 day high.
Turtle Low:
If(L < Ref(LLV(L, 3), -1),-1,0)
Turtle ATR:
HHV( C - (2*ATR(18)),18)
Risk management using the highest high value of 2 times the 18 day ATR over the last 18 days subtracted from the close.
These will not be used in isolation but added to the mix of indicators I am already using. I will post a chart later which will probably confuse more than clarify. 'Where is the price?'
Once again, thank you for your time.
Thursday, December 30, 2010
Wednesday, December 29, 2010
CRY ME A RIVER
Hello and welcome to my blog.
All references to specific securities on this blog are for illustrative purposes only and are not intended to be, and should not be interpreted as recommendations to purchase or sell any of these securities. The views expressed herein are not intended as investment advice and should not be construed as such. Due diligence is your responsibility. If you need professional investment advice then find a professional.
Since the last week or so has been spent cleaning and purging I have not looked at any market stuff. This morning I took a peek. Cry me a river. About a month ago I bailed on all my positions and was happy with a 17 per cent gain. Still happy but today the same positions are at a 55 per cent gain. Oy.
Click for a clear view of my tears.
I will not dwell on this since..."if my aunt had balls she would be my uncle." Can only use this as a learning experience and move forward.
To add to my grumble I fired up my old computer to start moving stuff to the new one. Figured I would check the download program that was broken before. Well, today it is working fine. This means that the new one was not really necessary. Cry, cry cry. Wipe the tears away and realize that I really did need a new box. I can also take my time moving the old stuff to the new one and can cherry pick what is really needed. At least that is what I am thinking in order to console myself.
Oh well, all over except the crying. Time to put aside any regrets and continue the adventure.
Thank you for your time.
All references to specific securities on this blog are for illustrative purposes only and are not intended to be, and should not be interpreted as recommendations to purchase or sell any of these securities. The views expressed herein are not intended as investment advice and should not be construed as such. Due diligence is your responsibility. If you need professional investment advice then find a professional.
Since the last week or so has been spent cleaning and purging I have not looked at any market stuff. This morning I took a peek. Cry me a river. About a month ago I bailed on all my positions and was happy with a 17 per cent gain. Still happy but today the same positions are at a 55 per cent gain. Oy.
Click for a clear view of my tears.
I will not dwell on this since..."if my aunt had balls she would be my uncle." Can only use this as a learning experience and move forward.
To add to my grumble I fired up my old computer to start moving stuff to the new one. Figured I would check the download program that was broken before. Well, today it is working fine. This means that the new one was not really necessary. Cry, cry cry. Wipe the tears away and realize that I really did need a new box. I can also take my time moving the old stuff to the new one and can cherry pick what is really needed. At least that is what I am thinking in order to console myself.
Oh well, all over except the crying. Time to put aside any regrets and continue the adventure.
Thank you for your time.
Wednesday, December 22, 2010
NEW BOX WIN 7 AND ME
Hello and welcome to my blog.
I now have a brand new desktop computer with Windows 7 preinstalled. Not sure if it is an OH BOY or OH NO. I am now on the learning curve for Windows 7 and have to transfer the important stuff over from the old machine.
My first OH BOY was that this is the first brand new computer I have had in years. My first OH NO was finishing the basic setup and then going to check the internet. HA, no connection. Freak out time. Went to a system restore point with no luck. What had I done wrong? Yikes. Then just at the point of going for the recovery disks I realized that the router was not on since it was still powering up with the old computer. Oy. I initially had the old one running so that I could see what programs I wanted to install on the new one.
I know it will take more than a few keystrokes to get used to this new machine and operating system. Another adventure begins. I am looking forward to the time when everything is moved over and I can get back to figuring out what the market is doing. Should take a couple of days.
Thank you for your time.
I now have a brand new desktop computer with Windows 7 preinstalled. Not sure if it is an OH BOY or OH NO. I am now on the learning curve for Windows 7 and have to transfer the important stuff over from the old machine.
My first OH BOY was that this is the first brand new computer I have had in years. My first OH NO was finishing the basic setup and then going to check the internet. HA, no connection. Freak out time. Went to a system restore point with no luck. What had I done wrong? Yikes. Then just at the point of going for the recovery disks I realized that the router was not on since it was still powering up with the old computer. Oy. I initially had the old one running so that I could see what programs I wanted to install on the new one.
I know it will take more than a few keystrokes to get used to this new machine and operating system. Another adventure begins. I am looking forward to the time when everything is moved over and I can get back to figuring out what the market is doing. Should take a couple of days.
Thank you for your time.
Sunday, December 19, 2010
Christmas and Computers
Hello and welcome to my blog.
For the past few years I have taken my vacation time at Christmas. My time available for market stuff is limited so I try to plan this time for catching up and setting my house in order. Running scans, looking at charts, cleaning up data and so forth. However, my plans have always been thwarted by some sort of technical problems and this year is no exception. Without changing a thing the software I use for data collection decided to find a problem. I have spent the last few days in a futile attempt at correcting the situation with no luck. It looks like the solution is to buy a new computer. I really do need to upgrade and my only complaint is that my hand has been forced. So, out to buy a new machine today. This does mean I will be facing the task of transferring a lot of stuff from the old machine to the new and climbing a learning curve. The plan though is to use this as an opportunity to clean out the chunk by doing a clean install and then manually moving things over. There are a lot of things in my MetaStock files that are just plain junk and a whole lot of other stuff on the old machine that is unnecessary. Probably take a couple of days or so to get a new machine in order. Once complete I will then have a chance to get down to business and see what is going on in the market.
My thought right now is to simply take the whole process at a slower pace and chill. The market is always there and I can plan for having a lot of my market and other affairs in order by the end of January. To quote John Lennon, "life is what happens when your busy making plans."
Thank you for your time.
For the past few years I have taken my vacation time at Christmas. My time available for market stuff is limited so I try to plan this time for catching up and setting my house in order. Running scans, looking at charts, cleaning up data and so forth. However, my plans have always been thwarted by some sort of technical problems and this year is no exception. Without changing a thing the software I use for data collection decided to find a problem. I have spent the last few days in a futile attempt at correcting the situation with no luck. It looks like the solution is to buy a new computer. I really do need to upgrade and my only complaint is that my hand has been forced. So, out to buy a new machine today. This does mean I will be facing the task of transferring a lot of stuff from the old machine to the new and climbing a learning curve. The plan though is to use this as an opportunity to clean out the chunk by doing a clean install and then manually moving things over. There are a lot of things in my MetaStock files that are just plain junk and a whole lot of other stuff on the old machine that is unnecessary. Probably take a couple of days or so to get a new machine in order. Once complete I will then have a chance to get down to business and see what is going on in the market.
My thought right now is to simply take the whole process at a slower pace and chill. The market is always there and I can plan for having a lot of my market and other affairs in order by the end of January. To quote John Lennon, "life is what happens when your busy making plans."
Thank you for your time.
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