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Phsst,
As I recall the results you showed had 60+% DD's. Admittedly AB
doesn't show results of portfolio trading properly and as a result
there was really not much to comment on was there ?
--- In amibroker@xxxxxxxxxxxxxxx, "phsst" <phsst@xxxx> wrote:
> Yuki,
>
> Glad to see you back from your vacation, and I hope the portion of
> your vacation exclusive of Larry Williams was enjoyable.
>
> Over the years, I've been to two or three 'guru' seminars, and like
> you, I've generally been disappointed in the quality of the
> presentations, not to mention the presentors.
>
> Frankly, until I started watching the AmiBroker board, the single
best
> published work I had read was Linda Rasche's 'Street Smarts' book.
> Linda did not hold much back and did not let her ego get involved in
> the presentation at all. Her presentation primarily focused upon
> futures, while I tend to focus upon stocks. But her approach worked
> well in any trading environment.
>
> I thought I had developed a few good trading systems before getting
> involved in this AmiBroker board. And when I recently posted my best
> trading system results, there wasn't much feedback from others
> regarding comparable results.
>
> Then I concluded that like the old Poker Player axiom... if you
don't
> know who the 'patsy' is at the table, then it is probably you!
>
> So I'll probably hold my cards a little closer to my chest for a
while
> until I get the 'feel of the game'.
>
> Anyway, glad you are back.
>
> Phsst
>
>
>
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, Yuki Taga <yukitaga@xxxx> wrote:
> > Hi DT,
> >
> > Tuesday, April 8, 2003, 3:38:59 PM, you wrote:
> >
> > DT> Yuki, Read
http://groups.yahoo.com/group/amibroker/message/10072
> > DT> to see the basic info for L. Williams well known indicator.
Who
> > DT> could imagine to put his name in ANY T/A link reproducing
> > DT> Stochastic ?
> >
> > Sad, and surprising, but he did come off a bit like a glory
seeker to
> > me, so I guess I'm not all that surprised. He seemed to want to
> > claim a lot of original TA stuff, and that other people copied
him a
> > lot.
> >
> > Quite frankly, I was surprised with his treatment on some
things. He
> > likes ADX a lot, but he seemed to not really understand how it
works
> > to me. He calls it a "trend integrity" indicator, and advises
that
> > when it makes extreme highs and then declines, the decline is
showing
> > you that there is no "integrity" in the embryonic new trend, and
that
> > it is bound to fail. Actually, this is quite wrong IMO, as the
> > reversal in ADX at trend change is simply a "bleeding off", if you
> > will, of the high level of trending that HAD been present. It is
a
> > symptom of the old trend, not yet referencing the new direction at
> > all. After a while, if ADX does not stop falling and start
rising of
> > course, then the new direction is certainly suspect. But, that is
not
> > what Larry was talking about. He was talking simply about the
initial
> > fall in ADX from a high level, and that this fact makes a new
> > direction suspect. That is not correct, IMO.
> >
> > It is only sometime later that the failure of ADX to stop falling
and
> > start rising with the new trend, that the new trend becomes
suspect
> > (and of course *all* new trends, especially reversals coming out
of
> > strong trending periods, are initially quite suspect). But a new
> > embryonic trend is not suspect simply because ADX is bleeding off
> > levels reached due completely to the strength of the old trend. A
> > declining ADX is perhaps useful only to tell you to STAY OUT of a
> > trade, IMO. Where the ADX is most useful to me is when it just
> > crosses or just about crosses into strong trending territory -- on
> > its way up -- signalling that there may be a train departing that
you
> > want to get on.
> >
> > Maybe I'm splitting hairs here, but I really thought he was
trying to
> > be a bit too "original" here.
> >
> > Best,
> >
> > Yuki
> >
> > mailto:yukitaga@x...
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