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Triplepack · 13-10-2004, 18:58

Hi rew

First I would like to say I admire what I know of your research your hard work over many years.
It is sad to hear that the two former students of yours have left you with bad feeling.
However if it wasn't initially for Constance Brown your work would still be hidden under a bush for the likes of me.
John's paperback has gone further to fill in the gaps enable me to take RSI use to a higher level again.

I believe you had written a book but now I underst that you s never had it published opting to give courses seminars etc.
I underst the courses are the definitive motherload on RSI. Unfortunatley due to living in the UK the course cost I am unable to take that next step.

However what I have managed to learn develop on my own has enabled me to develop a simple trading strategy using "Negative Reversals".

I use the Neg Rev. on different time scales on Naz stocksI can see how it is great for picking the waves on the big trends in Forex.
I've attached a couple of charts with reference to the Dow you mentioned earlier VERY POWERFUL !!!
I can see (I think) where you are indicating on the weekly charts
where the market is going. I hope in this instance it will be a failed Neg Rev. for everybodies wealth ( lol ).

The failed reversal I mentioned in a previous post was on 10 mins dow.but as I mentioned to your wife last week the Neg Rev hit the nail right on the head to within 4 points if I remember correctlyon another wave.

In trading the Neg Rev's I manage my trades on a time scale of 10 mins position size so as not to cause my blood pressure to rise.
I then find a Reversal with a decent move indicated within the daily time scale put my stop a third of that target above my entry or watch for when the RSI closes above the trigger point which then invalidates that particular Reversal.
Exiting is either as above or when my target is hit sometimes if it is just not going anywhere I'll close find another Reversal.
A hard part is staying in when a smaller time scale retracement occurs within the predicted movement.

Ah well please excuse me for rabbiting on but in short great to chat to you I look forward to discussing rsi with you in future with the rest of the guys on Moneytec.

Best regards good trading.

Richard

13-10-2004, 18:58	#32
Triplepack level 1 Join Date: Jun 2004 Posts: 15 Downloads: 0 Uploads: 0 Rep Power: 0	rew E. Cardwell Hi rew First I would like to say I admire what I know of your research your hard work over many years. It is sad to hear that the two former students of yours have left you with bad feeling. However if it wasn't initially for Constance Brown your work would still be hidden under a bush for the likes of me. John's paperback has gone further to fill in the gaps enable me to take RSI use to a higher level again. I believe you had written a book but now I underst that you s never had it published opting to give courses seminars etc. I underst the courses are the definitive motherload on RSI. Unfortunatley due to living in the UK the course cost I am unable to take that next step. However what I have managed to learn develop on my own has enabled me to develop a simple trading strategy using "Negative Reversals". I use the Neg Rev. on different time scales on Naz stocksI can see how it is great for picking the waves on the big trends in Forex. I've attached a couple of charts with reference to the Dow you mentioned earlier VERY POWERFUL !!! I can see (I think) where you are indicating on the weekly charts where the market is going. I hope in this instance it will be a failed Neg Rev. for everybodies wealth ( lol ). The failed reversal I mentioned in a previous post was on 10 mins dow.but as I mentioned to your wife last week the Neg Rev hit the nail right on the head to within 4 points if I remember correctlyon another wave. In trading the Neg Rev's I manage my trades on a time scale of 10 mins position size so as not to cause my blood pressure to rise. I then find a Reversal with a decent move indicated within the daily time scale put my stop a third of that target above my entry or watch for when the RSI closes above the trigger point which then invalidates that particular Reversal. Exiting is either as above or when my target is hit sometimes if it is just not going anywhere I'll close find another Reversal. A hard part is staying in when a smaller time scale retracement occurs within the predicted movement. Ah well please excuse me for rabbiting on but in short great to chat to you I look forward to discussing rsi with you in future with the rest of the guys on Moneytec. Best regards good trading. Richard