john.potter

Hi China With my post it was my intention to pass on a strategy to forum members who may not have thought of it. It was not my intention to invite everyone back to my personal fishing hole, or to make any stock purchase recommendations. Obviously the more people that are watching this particular group of business people, the lower is my chance of getting on board at the beginning of the cycle. That was why I did not publish the names of the companies concerned. Since that post the Oz market has dropped another 20% and I have been stopped out of my portfolio completely (with a reasonable profit in the majority of cases) and I am basically shorting CFD's while I wait for the market to turn around so my favourite board members can "do it all again". Once the market turns there will be good money to be made in the bluechip stocks , not as good as speccies but much safer. for the meantime, shorting is the only game in town.

Hi Guys I think this may be what you want, it is Alan Hulls ROAR indicator from his book "Active investing" 'Rate of Return' lndicator Variablec: ord(o),LD(o),Roar(0),cutoff(o),Enter(0c)o, unter(52),P eriod(26); For Counter = 52 downto 13 Begin ' "^ --; I"""rRegValue(clos.,io.r.rt.r,0) > linearRegValue(close,Period,t0h)e n Period = Counter; End; Cord = linearRegValue(close,Period,0); iO = Co.a - Q.618 * Cord * AvgTiueRange(52)/Average(close,5)2 If LD < LD[l] then LD = LD[l]; If Cord < LD then LD = Cord; ii i-."rn"gV"fue(close,26,0)>O then Roar = IntPortion (5200 * linearRegslope(close,26)/ LinearRegValue(c1ose,26)e,0ls)e R oar = 0; iin";t t= 30 and IntPortion (LinearRegValue(roar,5,0)>)= 30 then Roar = IntPortion (LinearRegValue(roar,5), )0; Cutoff = 20; Enter = 30; if Roar < Cutoff then Roar = 0; if Roar < Enter and Roar[l] = 0 then Roar = 0; if Roarll] = 0 and summation(volume * MedianPrice'l3) < 120000 then Roar = 0 ; iin.-ifj > 0 and summationivolume * MedianPrice,l3) < 100000 then Roar = 0 ; if Cord = LD then Roar=O; plotl (Roar,"Roar", darkgray,b lack' I ); plot2 (Cutoff, "Cutoff' , black , black , I ); This is supposed to work on Tradestation, Which I don't have. I do have a bull charts version but have not messed with it much if you want to know more just google Alan Hull or alan hull.com.au

Firstly I would not recommend a book, i would recommend that you read the help files from "Incredible Charts" just Google it for a free charting system with a great help system. When you have a grip on it then go to the "Favourite Website's " thread on this site and there is a list of good educational websites that I have put there. These cover most aspects of charting the only info I have not been able to pick up directly from the net is stuff about Position sizing and Psychology of trading but PFD;s are avaliable if you look hard enough.

Hi Forsearch Thanks for that, I had picked up "Trading systems and Methods" from the same site but had not gotten around to reading it yet, I thought it would have the MA's in that one. P.S. I havent got the holy grail yet but I do have one I call the 4 horsemen, It is signifying the US Indexes are getting ready to go bullish for between 4 to 6 weeks, and the XAO would follow them

I thought this sort of thing was illegal but it got an honorable mention in "Microsoft at work" recently so it must be OK, it doesn't want your name or email address you just give it the name of an author or a book title or just "Gann" or "Fibonacci" and occasionally you get lucky, the free version is a bit slow but as the average book is about $50 to $150 you still save heaps In our climate here the paper back books just fall to pieces in 6 months or so with the humidity so it is far better to have them on disk http://www.4shared.com/network/search.jsp?sortType=1&sortOrder=1&sortmode=2&searchName=technical+analysis&searchmode=2&searchName=technical+analysis&searchDescription=&searchExtention=&sizeCriteria=atleast&sizevalue=10&start=0 I just tested it and it works OK for me

There is an irony with this book. In western Australia there is an aboriginal legend that the White swan and the possum had an argument over what the sun was made of, so the Swan went to have a look, anyway he got to close and burnt all his feathers so from that day on all swans were black. but the thing is in Western Australia all the swans are black and they have always been black, so how would a primitive aboriginal whos people have been on this continent for 30,000 years or more, how would they know that there are White Swans ?

Metalhead Thanks a heap, when I initially got this charting program I went through the 10 different types of MA on offer and it was six of one and half a dozen of the other none of them showed any particular advantage.(that I could see) However hidden in amongst the indicators was another MA the "Perry Kaufman's adaptive Moving Average" which I have just checked out and you are dead right! it is pretty amazing and I will keep it on the charts. Thank you very much, without your post I would not have bothered to look for it let alone use it.

Hi Genetrader If you are looking for "Investopedia " type sites these should keep you going for a while Charting sites paste into your browser and save as favourite All of these sites have a LOT of FREE info some of them also offer paid tutorials However I am recommending them for their free content even the most experienced chartist can use these in their “favourites” list for references Stock Charts http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis Trade 10 http://www.trade10.com/Bollinger.html Bulkowski’s pattern resource http://thepatternsite.com/chartpatterns.html Market screen http://www.marketscreen.com/help/atoz/default.asp?hideHF=&Num=94 Elliot wave international http://www.elliottwave.net/ Incademy http://www.incademy.com/courses/Technical-analysis-I/What-is-technical-analysis/13/1031/10002 Investopedie http://www.investopedia.com/articles/forex/06/BBInsideDay.asp Traders log http://www.traderslog.com/Japanese-Candlesticks.htm FX Words http://www.fxwords.com/j/japanese-candlesticks.html Google free books ( this is just an example there are many others) http://books.google.com.au/books?hl=en&id=zXQa9qv7GPIC&dq=CANDLESTICKS&printsec=frontcover&source=web&ots=D-PdubtpZJ&sig=ThPm6Xw1nLsh2F0rLoXWghRaICI&sa=X&oi=book_result&resnum=1&ct=result#PPP15,M1 If you google an authors name and a book title you will generally find a PFD of the book if you look hard enough Many of the file sharing sites have free trading books Candlestick Trading Forum http://www.candlestickforum.com/PPF/Parameters/12_221_/candlestick.asp Lit Wick http://www.litwick.com/glossary.html Candlesticker http://candlesticker.com/Bullish.asp Street Authority http://www.streetauthority.com/terms/m/marubozucandle.asp I have a bunch of news sites also but I figure the Australian financial news probably would not interest you fortunately all trading sites are pretty universal, they work for everyone. In case you are unaware many stock exchanges have paper trading competitions for kids the ASX has one that is about to sart you should be able to find out about it on ASX.com not sure when it starts but it is very soon just checked you are still in time but dont wait till the last day as it is normally booked out by then the direct link is http://www.asx.com.au/resources/education/games/index.htm?SMG_07-2008

Australians Are legendary for chasing penny stocks, and I do mean Pennies, one family buys old defunct ASX registered companies and rebirths them into whatever is fashionable at the time, This is cheaper than doing IPO's they have never had a company fall over on them yet. The last one was 2 months ago it was an Asian telephone company registered on the ASX and they gave it an Indonesian Iron ore mine, it opened at 2 cents and it is now 3.5 cents 75% in two months In November 2007 They re-birthed a dental prosthetics company into an Indian Iron ore mine and it has gone from 2 cents in November 07 to 10.5 cents Today. They also re-birthed a central Australian uranium play for 2cents that is now worth 27 cents since November 06 a 13 and a half bagger. You must have Re-birther's there also, Look for them and see if the same family names keep popping up If the Administrators of this forum doubt my word send me an email to my Australian email address and I will name 5 companies that you can very quickly verify have all made large amounts of money for their share holders and were all set up by this family in the last few years

Any one interested in this just Google "Nicholas Darvas" if you don' t get a bite add "how I made two million dollars" the system no longer works effectively as he was doing it in a full blown bull market. However in every chapter of the book he tells of at least ONE major mistake that he made. Just by reading the ebook and writing them all down and learning them would save most new traders Thousands. Once you find the site all the chapters are listed and you can cut and paste them into MS word or a WP and read it at your leisure or you can read it direct off the site. This and Stan Weinstein's "Secrets for profiting in a bull or bear market "Are probably the two most important books I have read both are free on the Internet. Both are American style books however they are not Nationaly specific and both types of trading work as well on the XAO as they would on the DOW

Trick question right? I believe that what you have there my friend is a Bullish harami star. For a harami star the body of the Doji has to be inside of the body of the leading candle but the shadow does not have to be. My first post here so I hope I haven't disgraced myself and got it wrong!!!