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Regarding your reference to <font
size=2 color=blue face=Tahoma>your $B!H(Bbest trading
system results$B!I(B:
No offense intended but at the time you
posted the results I looked at them and found them to be quite unremarkable and
don$B!G(Bt understand your characterization of them. Could you expand on how
you interpreted them to be the results of a $B!H(Bgood trading system$B!I(B?
Thanks!
d
<span
>-----Original Message-----
From: phsst
[mailto:phsst@xxxxxxxxx]
Sent: Tuesday, April 08, 2003
11:50 PM
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] Re: Larry
Williams Inner Circle Review
<span
>
<span
>Yuki,<span
>
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 <a
href="">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@xxxx
<font size=2
face="Courier New">Send BUG REPORTS to
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>
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