MoneyTec Traders Community - = Mechanical Discretion

From: Subject: MoneyTec Traders Community - Mechanical Discretion Date: Fri, 17 Feb 2006 07:43:30 -0000 MIME-Version: 1.0 Content-Type: multipart/related; boundary="----=_NextPart_000_079A_01C63395.D8D7E8D0"; type="text/html" X-MimeOLE: Produced By Microsoft MimeOLE V6.00.2800.1506 This is a multi-part message in MIME format. ------=_NextPart_000_079A_01C63395.D8D7E8D0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Content-Location: http://www.moneytec.com/forums/showthread.php?t=11982&page=20&pp=8 MoneyTec Traders Community - = Mechanical Discretion

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Welcome,=20 Jetheat.
You last visited: 06-02-2006 at 08:17
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10-03-2005, 15:55	= #153
fadsam vbmenu_register("postmenu_106115", true); = Registered User Join Date: Jul 2004 Posts: 124 Rep Power: 0	Re: Mechanical Discretion = HI jetheat, I think your ebook is for me ! I = want buy=20 it but I am from a country where paypal or stormpay are not = available=20 I may pay by Western Union but I need the name and address = of the=20 beneficiary so please send me an email with all this = details, my=20 email : f_hashimi@yahoo.com thanx<= /DIV>
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10-03-2005, 18:47	= #154
Jetheat vbmenu_register("postmenu_106156", true); = Mechanical Discretion Join Date: Apr 2004 Posts: 564 Rep Power: 0	Re: Mechanical Discretion = Hello fad, which country are you from. I don't want to go = down=20 the Western Union route as that is a lot of hassle. Email = me and=20 we'll come to some sort of solution as I don't want anyone to miss = out on=20 the available information. JH
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15-03-2005, 07:00	= #155
Rudolf vbmenu_register("postmenu_106965", true); = Registered User Join Date: Dec 2002 Posts: 19 Rep Power: 0	Re: Mechanical Discretion = Hi Jetheat,Just to let you know that you delivered a = fine piece=20 of work .Highly recommended. = I'll join=20 the forum and try to discuss with the other users. Thanks,Rudolf
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22-03-2005, 13:32	= #156
yrapps vbmenu_register("postmenu_108760", true); = Registered User Join Date: Mar 2005 Posts: 3 Country: Rep Power: 0	Re: Mechanical Discretion = Hi Eveyone, I am new to this Forum and have moderate = experience=20 trading Forex. I am intrigued by Jetheats ebook based on the = reviews. I=20 wonder if it is for me. As a full time student, I can generally = only trade=20 set and forget mechanical systems-that is the trade is triggered = and=20 managed with stops and limits. Will the book be useful for=20 me? Thanks!!!!!!!
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22-03-2005, 14:03	= #157
Jetheat vbmenu_register("postmenu_108773", true); = Mechanical Discretion Join Date: Apr 2004 Posts: 564 Rep Power: 0	Re: Mechanical Discretion = Hello Yrapps, By it's very nature, you can't use MD as = a set=20 and forget mechanical system. It requires your input to make it=20 work. This is the reason why a lot of Mechanical Systems = don't=20 work. Most of them require some sort of human intervention to make = it do a=20 lot better. This is what the book will show you. So, = if you=20 can only trade by Set and Forget, MD may not be for you. Sorry, JH
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22-03-2005, 18:38

= #158

email vbmenu_register("postmenu_108843", true); =

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Re: Mechanical Discretion =

Quote:

Originally Posted by Jetheat

Hello Yrapps,

By = it's very=20 nature, you can't use MD as a set and forget mechanical = system. It=20 requires your input to make it work.

This is the = reason why a=20 lot of Mechanical Systems don't work. Most of them require = some sort=20 of human intervention to make it do a lot = better.

This is=20 what the book will show you.

So, if you can only = trade by Set=20 and Forget, MD may not be for you. 3D""

Sorry,=20

JH

Might not = be for=20 your style but it will be the cheepest ten bucks you are ever = going to=20 spend in your trading education.

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23-03-2005, 01:00

= #159

yrapps vbmenu_register("postmenu_108943", true); =

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Re: Mechanical Discretion =

Quote:

Originally Posted by email

Might not be for your = style but it=20 will be the cheepest ten bucks you are ever going to spend = in your=20 trading = education.

Thanks=20 Email and JetHeat. !!!!

Your'e probably right, but as a = full time=20 student with 3 little ones, I can't afford to spend $20 on = something I am=20 not going to use right now. (don't worry everyone- I'm not trading = the=20 milk money!!!!). Maybe if it was still 10 bucks....
Any way = thanks=20 again!

=20

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27-03-2005, 02:03

= #160

X.Oden vbmenu_register("postmenu_109901", true); =

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Re: Mechanical Discretion =

I've already covered triple screen in both of my trade=20 journals....Alexander Elder covers triple screens in his books = Trading for=20 a Living and Come into My Trading Room. It is just another form of = trading=20 method called Chaos Theory where order is placed in a chaotic = environment.=20 So if it is a triple screen strategy, then its nothing=20 new.

Just look up Trading Chaos and Phase = IV

Quote:

Originally Posted by Maji

I read the book and here = are my=20 comments.

1. It is based on the triple screen method, = advocated by Wilder.
2. It is not a mechanical method. I = was=20 hoping it was. However, the method seems fundamentally sound = but=20 will have to be verified by the user long hand as it cannot = be=20 backtested using a computer program.
3. It uses = indicators along=20 with Support/resistance levels. I don't like to use = indicators but=20 like to trade using projected s/r levels, so this strategy = is not=20 something I will be using.
4. It is definitely worth the = money as=20 knowledge is never wasted. It is not exhorbitantly priced, = and that=20 is a great plus.
5. The language and style in which the = book is=20 presented is very lucid and easily comprehended. The charts=20 are great and nicely annoted and/or explained in the = text.
6.=20 Overall, I think it is a good piece of work. It is much = better than=20 the high priced snake oil that is sold (some of which I have = bought=20 myself). I wish he allowed it to be printed, as I like = reading hard=20 copies, it is just easier for me that way. Call me old=20 fashioned!

Let me sum it up this way - Suppose JT = allowed the=20 reader to ask for a refund after reviewing the book. I would = not=20 have asked for a refund, as I felt the book enhanced my=20 knowledge.

Last edited by X.Oden : 27-03-2005 at 02:05.=20

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