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I don't use his system, but I do modify his graphs so I can get
his "Darvas boxes" lined up with the volume!
Yes, there is no "Holy Grail" in any system!
--- In amibroker@xxxxxxxxxxxxxxx, harveyhp <harveyhp@xxxx> wrote:
> At 08:46 AM 30/09/2003, you wrote:
> >hello,
> >>> snip <<<
>
> >But I have not found any grail in Darvas...
>
> >>> snip <<<
>
> Why the current interest in Darvas? He operated in the 1950's
when
> personal computers were unknown. As a dancer he was constantly
travelling,
> often in the Far East, living out of hotel rooms, getting daily
updates
> from his broker by cable which he sometimes had to retrieve from
an embassy
> in handwritten form. His subscription to Barron's usually reached
him four
> days late. He selected volatile issues which stair-stepped up.
His
> "boxes" were written notations of support and resistance levels at
each
> step. He placed buy orders above them and stop-loss orders below
them - a
> simple break-out system. I believe the original Larry Williams
system was
> similar. Darvas was highly leveraged, took great risk and went
through an
> emotional wringer. Those who succeed get to write a book
about "How I Made
> a Million Dollars Before Breakfast"; those who fail are never
heard from.
>
> The book "How I Made $2,000,000 in the Stock Market" is more
useful for
> Darvas's frank account of his mistakes and what he learned than
for this
> system. Darvas also kept a trading journal, something that Mark
Boucher
> notes as one of the characteristics of almost all of the great
traders.
>
> HHP
> =================
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