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[amibroker] Re: Below the support line



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Dimitris,

Sorry if you found that to be too personal.

I just find it interesting that you post loads of code that are 
apparently useful to lots of folks but at the same time you seem to 
want to analyze in writing here and to "predict" using what I 
perceive to be discretionary methods.  There is no correct way to do 
this, one either makes money or they lose money.  I've seen people 
use either method to success or ruin but I almost never see someone 
who is capable of integrating the two with success.  It's a left 
brain / right brain kind of thing.  Maybe you're one of those rare 
whole brain individuals who is capable of doing this.

--- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS <TSOKAKIS@xxxx>" 
<TSOKAKIS@xxxx> wrote:
> Fred,
> personal questions will not help the situation.
> It is not black or white and, above all, it is PERSONAL.
> Any ideas for the subject appreciated.
> DT
> --- In amibroker@xxxxxxxxxxxxxxx, "Fred <fctonetti@xxxx>" 
> <fctonetti@xxxx> wrote:
> > Interesting, but again, discretionary or system trader ?
> > 
> > --- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS 
> <TSOKAKIS@xxxx>" 
> > <TSOKAKIS@xxxx> wrote:
> > > I was a bit anxious to see ^NDX breaking its recent support 
line.
> > > One of the basic characteristics was apparent today. 
> > > Below the support it is easy for the market to erase early 
gains.
> > > This is the way the support becomes gradually a resistance.
> > > We need some further evidence:
> > > When the market will go lower and will attempt to reach again 
the 
> > > support/resistance level.
> > > In the lack of success, the market should find new, lower 
> > equilibrium 
> > > areas. The lower we go the more uncertain.
> > > With this "simple" mechanism we see new LLV for more than 3 
years.
> > > The end of this procedure is not visible [for me]
> > > Shall I spend some money to buy new glasses ?
> > > Shall I trust the next fib level ?
> > > Shall I decide for some Elliot subwave 3 of wave 4 as an 
> > alternative 
> > > of subwave 5 ?
> > > Shall I trust a great automatic trading system with great 
profits 
> > in 
> > > the past ?
> > > It is better to know BEFORE. 
> > > After the turning point, EVERYBODY will find the reason.
> > > I have to know before.
> > > And, it is not the easiest thing in the world.
> > > Dimitris


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