JB-System

[tech/a]

(1) I can see reasons why this method in its present form and APPLICATION will struggle.
(2) I can also see (so far) 3 possible ways of improving the methodology.

Now as some have been very kind to me perhaps those more interested in "Duck" shooting might like to come in here and add to coyottes discussion/demonstration of Berg's method.

Perhaps others interested have also have some ideas like Fero and may wish to put them up.

If your interested coyotte I'll be happy to post up the (1) and (2).

But personally I'm interested to see what help you and others can expect from those more interested in personal attack than sharing practical and useful suggestion.Any suggestions yourself coyotte??

 

[Fero]

Fero:

Thanks for the info --- opened up just fine.

By the way do you have any of Berg's material on this system or are you using BullCharts Experts or something?

Hi. Dont have any of Berg's material. The citation in Bullcharts for the method is

"citation="'Share Traders Handbook', Jim Berg;
'A Winning Combination for Traders', Jim Berg, Leverage July 2004 Issue 32 p15-17 www.leveragemag.com.au"]

When i became interested in the method i went off and found some information but cant remember where from.

I remember an entry point for LNN coming up in December but i didnt take it.
Just looking at the LNN chart, from the method i use there would have only been 2 possible entries but overall the trend was down to flat so didnt consider it. Trend may now be changing though.

As Tech/A was saying application is important. If you blindly took every entry you would fail big time, have learnt you need to be selective. Quantifying that selectivity is the hard thing.

Looked at ENE and it could be a possibilty but would need to run a bit further down or sideways to meet entry conditions for me, that would probably take another couple of weeks.

Cheers

 

[Fero]

(1) I can see reasons why this method in its present form and APPLICATION will struggle.
(2) I can also see (so far) 3 possible ways of improving the methodology.


If your interested coyotte I'll be happy to post up the (1) and (2).

Hi Tech/a,

I would be interested.

Cheers

 

[Kauri]

Hi Coyotte,
Have put the RSI(7) in Bergs original Truth about Volatility expert advisor in MS. (Have stated that the RSI(7) has to have been below 30 in the last 14 periods and must be >30 on entry signal). Ties up (roughly??) with the system you are posting I think. I don't use it myself but thought it may be of interest to be able to see what is driving the entry signals as opposed to a black box entry system. Hope it helps...
Cheers
Kauri

 

[coyotte]

Fero :

Have Berg's PDF book which includes this system -- basically it started out as a med/long term method:

1: SP above 180 dma and dma trending up.
2: The exit line trending up.
3: RSI -- 7day
4: Entry: RSI recently < 40 -- SP moves from below to close above Exit Line.
5: Exit : two consecutive CLOSES below the exit line.

Apparently his news letter subscribers wanted a S/T method ---- he suggested the initial close above the upper line or maybe two consecutive closes above the upper line ---- Berg is a broker and his selections for this method come from the Firm he works for --- his PDF book is quite expensive for the info in it (stuff u read every where), but has some basic info about this indicator in it. -- if u want further info PM.


Tech/A:

I have no problem with your approach of requesting proof of a method --- it puts the poster in the spot of "put up or shut up ", which if posting on these forums is how it should be (moderators ??) --- it is the way you go about it, you tend to bring out the absolute worse in others ---- think it is really time for all of us involved in this to just get over it.

-------------------------------------------------------------------------------------------------------------------

As a footnote:

I sort of started trading back around 1990 when I came across "Charting made Easy" a Ozz book by M. Armstrong based on Trends --- from then have basically been a trend/pattern trader in its various forms --- after seeing Wavepickers work on this site it sparked a interest in EW which as I see it is really only Trends with Fib No.s thrown in.

Was under the presumption that as far Trend/Pattern trading was concerned I basically knew it.

I had cursively looked at the McLaren DVD Mag had suggested, but since last weekend have been delving into it -- based on Price/Trend/Vol --- have been bringing up the old trading charts of "where the f*ck did that come from" --- well McLaren shows you where it came from --- No Gann in this part of the lessons --- McLaren goes on with "Trend Patterns" (not traditional patterns ) -- when pointed out, how obvious -- the more we learn the more we find how little we know.

I've also been following up on Dilernia, this guy has nothing but top reviews everywhere -- took the plunge and bought his book (u also need FibonacciTrader)

Have closed all positions to concentrate on these two schools.

Going to be hard to teach an old dog some new tricks.


Best of luck to all.

Cheers

 

[tech/a]

I have no problem with your approach of requesting proof of a method

coyotte.

I'm not requesting proof.

I'm suggesting that there is a vast difference between methodology THEORY and actual application of ANY methodology.

When people actually try to apply 95% of methods including some suggested but not shown in realtime application---much can be learnt.

Its never been any more or any less from me.
Its been a perception that I'm continually looking for proof that people can trade profitably.

If you or anyone posts a methodology which turns out to be consistently---or even Spasmodically profitable or a complete failure and the populace either help with suggestion to improve it or find weaknesses which improve it or add money management principals to improve it--or explains how their APPLICATION of their analysis can improve others or has improved their own trading---then some will benifit.

The presentation of a method without application is as useful as an empty bottle of draft--Ive got the bottle which says its beer but no contents.

So I have a trading method but have no idea how it would/could or should perform REALTIME.

Frankee's no dummy. Nor McClaren.
But you can learn all you like, the trick is applying knowledge... something I dont see here.---and I get bagged because I point it out.

 

[tech/a]

Coyotte,Fero,Kauri

Well gents the suggestions are just running off the page.

 

[Kauri]

Coyotte,Fero,Kauri

Well gents the suggestions are just running off the page.

techa,
It would seem that it is not only suggestions that are running off the page...

 

[yonnie]

hello folks,

why bother with Jim Berg?

read one of his books and from memory he only made a 9% per year return.
What`s so good about that