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Typical goddam yank. Arrogant, insular and isolationist.
As if the world revolves around the DJ! Schesh. Is it any wonder people plaster your buildings over the sidewalk?
Now I've got that off my chest.., in Steve Nisons book, "Japanese Candlestick Charting techniques" he investigated candlesticks in
1987 and first published in 1990. He says centuries old technique very little known in west, in fact hardly anything in English
before 87. So this standard reference text is about the ancient Japanese rice market, adapted to the Japanese stock market by
Japanese. Then translated into English and published. Not once are any of the combinations backtested. A good few examples of
what they look like in a chart performing how they are supposed to work, but no substantial evaluation of success. So is it not
unreasonable to first check the validity? I think in AB it would be dead simple to access a score for each formation included and
backtest. I know that a commercial group has done exactly this and discovered that the results are less than great, and re-casting
the formations was necessary and the substance of their commercial offering.
As an approach to trading I think pattern seeking is fine, I'm only suggesting that the proper care and caution be applied before
using them with real money.
Now if, we can avoid the facetiousness in future we'll all be better off.
P
----- Original Message -----
From: "Tom McDaniel" <tmtempe@xxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Saturday, October 06, 2001 12:28 PM
Subject: Re: [amibroker] Re: Candlestick-Analyzer
> Hmmmm. Does anyone have a data source for the Dow Jones back to the 17th century? Yahoo doesn't go back that far.
>
> -TM
>
> server not recognized wrote:
>
> > I take your comments in good humour Dimitri, but I have read of recent formations only being about 40% successful i.e
consistent
> > with what they were supposed to do. Others were completely contrarian, either indicating irregularly or completely the opposite
of
> > what they were supposed to indicate.
> >
> > I'd therefore suggest a back test count on each before simply accepting them.
> >
> > P
> >
> > ----- Original Message -----
> > From: "DIMITRIS TSOKAKIS" <TSOKAKIS@xxxx>
> > To: <amibroker@xxxxxxxxxxxxxxx>
> > Sent: Saturday, October 06, 2001 2:58 AM
> > Subject: [amibroker] Re: Candlestick-Analyzer
> >
> > > Well, well...
> > > Yuki is trading 30 years, you are 300 year trader, I think it is the
> > > proper time to move to a newbies rock+roll T/A site...
> > > DT
> > > --- In amibroker@xxxx, "server not recognized" <winchp@xxxx> wrote:
> > > > Tom,
> > > >
> > > > Have you checked each candlestick formation because I recall they
> > > don't work like they did in the 17th century.
> > > >
> > > > P
> > > > ----- Original Message -----
> > > > From: Tom Supera
> > > > To: amibroker@xxxx
> > > > Sent: Friday, October 05, 2001 11:03 PM
> > > > Subject: [amibroker] Candlestick-Analyzer
> > > >
> > > >
> > > > Hi,
> > > >
> > > > Here's my formula for candlestick-detecting, but it's in work and
> > > also not complete and not optimized.
> > > > If anyone of you are interested to share and optimize the formula
> > > with me, i'm happy.
> > > > After them, i work on a trading system with CCI or MRI, any
> > > overbought/oversold indicator, volume and the candlestick analyzer.
> > > > I think it's one of the best way to make a good winning system.
> > > >
> > > > Thanks for your help
> > > >
> > > > Tom Supera
> > > >
> > > > Yahoo! Groups Sponsor
> > > >
> > > >
> > > >
> > > > Your use of Yahoo! Groups is subject to the Yahoo! Terms of
> > > Service.
> > >
> > >
> > >
> > >
> > >
> > > Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
> > >
> > >
> >
> >
> >
> >
> > Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
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