PureBytes Links
Trading Reference Links
|
----- Original Message -----
From: Dimitris Tsokakis
To: amibroker@xxxxxxxxxxxxxxx
Sent: Saturday, December 29, 2001 9:33 PM
Subject: Almost Ideal
The left picture is normal RSIMACD system
The right is the improved L1, L2 levels.
It is almost ideal.
In both systems 5 trades, 5 winners (resonance)
On the left, Net profit is +176%
On the right, +376 %
When you turn the button on your radio, you try to
achieve electromagnetic resonance. When you are tuned,
you will enjoy the music.
Dimitris Tsokakis
------=_NextPart_001_0043_01C1E8BF.47C25440
Content-Type: text/html;
charset="iso-8859-7"
Content-Transfer-Encoding: quoted-printable
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META content="text/html; charset=iso-8859-7" http-equiv=Content-Type>
<META content="MSHTML 5.00.3013.2600" name=GENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=#ffffff>
<DIV><FONT size=2>This message was first posted the Dec 29, 2001.</FONT></DIV>
<DIV><FONT size=2>The right picture with the L1, L2 levels was "Almost ideal"
for the specific stock.</FONT></DIV>
<DIV><FONT size=2>A lot of negative comments were posted in this mail-list.
Overoptimization was the main objection.</FONT></DIV>
<DIV><FONT size=2>My thought was simple. If this system fits so well to this
stock for the last two years, why not to continue ?</FONT></DIV>
<DIV><FONT size=2>So I sold the stock, because it would fall below the L1=32
line.The price was nearly 2.80 euros per share.</FONT></DIV>
<DIV><FONT size=2>Any attempt to go up would come to a quick end, the destiny of
the stock was unique : Below L1=32. No alternative.!!</FONT></DIV>
<DIV><FONT size=2>This steady rule permitted an entry at 1 [2.70e] exit at 2
[3.0e], entry at 3 [2.70e] and exit at 4 [2.90e !!].</FONT></DIV>
<DIV><FONT size=2>The volume at V4 was relatively high. Many traders bought the
stock, to catch the upcoming uptrend...</FONT></DIV>
<DIV><FONT size=2>At "Vexit" point, after 8 lazy consolidation days, a huge
out-of-the-blue volume !!</FONT></DIV>
<DIV><FONT size=2>[...An information perhaps, that the rally
begins...]</FONT></DIV>
<DIV><FONT size=2>The RSIt does not listen to any rumors. It is a completely
deaf non-volume indicator. The RSIt "info" at Vexit was </FONT></DIV>
<DIV><FONT size=2>just to wait. Not even a new entry for a small ~10% long
profit. Such a high volume and the stock is not moving up,</FONT></DIV>
<DIV><FONT size=2>it is for sure a strange data....</FONT></DIV>
<DIV><FONT size=2>From 1 to Vexit, a typical descending triangle was formated. A
breakout of the support basis would be bearish enough.</FONT></DIV>
<DIV><FONT size=2>A severe downtrend began with no delay and no excuses and no
mercy. A Sold Out Volume confirmed that something</FONT></DIV>
<DIV><FONT size=2>is going on. [Do not forget the typical ENRON
example]</FONT></DIV>
<DIV><FONT size=2>[To note here that the stock has excellent fundamentalsand
very good perspectives...]</FONT></DIV>
<DIV><FONT size=2>The RSIt fell below 32, as it should do, reached the 24.3
trough and turned slowly upwards.</FONT></DIV>
<DIV><FONT size=2>The system says to Buy after the cross(RSIt,32). Last Friday
RSIt value was 31.812 [!!], as the nice new label informs.</FONT></DIV>
<DIV><FONT size=2>The stock now is cheap, nearly 1.70, ie ~40% below Dec
price.</FONT></DIV>
<DIV><FONT size=2>[But it needs a +60% to reach this Dec price].</FONT></DIV>
<DIV><FONT size=2>Discipline says to buy AFTER the cross, not
before.</FONT></DIV>
<DIV><FONT size=2>The last week many out-of-the-blue silent buyers visited the
lorn stock and systematically bought from the floor many shares,</FONT></DIV>
<DIV><FONT size=2>sold like garbage. The RSIt was up, moving towards the L1
magic level. The RSIt does not deal with silent buyers.</FONT></DIV>
<DIV><FONT size=2>It is just a descriptive tool and it is under the microscope
everyday.</FONT></DIV>
<DIV><FONT size=2>Romantic trading novels OR ice crystal trading logic and
discipline.??</FONT></DIV>
<DIV><FONT size=2>It is up to you and your trading style.</FONT></DIV>
<DIV><FONT size=2>I will revert some months later. Some trades are abit
slow...</FONT></DIV>
<DIV><FONT size=2>Dimitris Tsokakis</FONT></DIV>
<DIV> </DIV>
<DIV style="FONT: 10pt arial">----- Original Message -----
<DIV style="BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A
href="mailto:tsokakis@xxxx" title=tsokakis@xxxx>Dimitris Tsokakis</A>
</DIV>
<DIV><B>To:</B> <A href="mailto:amibroker@xxxxxxxxxxxxxxx"
title=amibroker@xxxxxxxxxxxxxxx>amibroker@xxxxxxxxxxxxxxx</A> </DIV>
<DIV><B>Sent:</B> Saturday, December 29, 2001 9:33 PM</DIV>
<DIV><B>Subject:</B> Almost Ideal</DIV></DIV>
<DIV><BR></DIV>
<DIV><FONT size=2>The left picture is normal RSIMACD system</FONT></DIV>
<DIV><FONT size=2>The right is the improved L1, L2 levels.</FONT></DIV>
<DIV><FONT size=2>It is almost ideal.</FONT></DIV>
<DIV><FONT size=2>In both systems 5 trades, 5 winners (resonance)</FONT></DIV>
<DIV><FONT size=2>On the left, Net profit is +176%</FONT></DIV>
<DIV><FONT size=2>On the right, +376 %</FONT></DIV>
<DIV><FONT size=2>When you turn the button on your radio, you try
to</FONT></DIV>
<DIV><FONT size=2>achieve electromagnetic resonance. When you are
tuned,</FONT></DIV>
<DIV><FONT size=2>you will enjoy the music.</FONT></DIV>
<DIV><FONT size=2>Dimitris Tsokakis</FONT></DIV></BODY></HTML>
------=_NextPart_001_0043_01C1E8BF.47C25440--
Attachment:
png00000.png
Description: PNG image
Attachment:
Attachment:
Description: "Description: GIF image"
Attachment:
Description: "gif00303.gif"
|