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hmmm ... you didn't like my duck ( tape ) and cover cartoon ?!
--- In amibroker@xxxxxxxxxxxxxxx, "Phsst" <phsst@xxxx> wrote:
> Pal,
>
> It has been an interesting day of reading posts on this board.
>
> Since you seem to have hijacked the forum... do you suppose that we
> might be able to return to AB related subjects?
>
> Highest Regards,
>
> Phsst
>
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, "palsanand" <palsanand@xxxx>
wrote:
> >
> > > p> Sometimes, the best price to enter is at the Market on Open
> > (Previous
> > > p> days close price), if the signal is strong, else it is
prudent
> > only
> > > p> to enter at High of Day/Low of Day, i.e., sometimes the
Market
> > opens
> > > p> and the open price is the Low/High of day or very close to
it if
> > the
> > > p> Buy/Sell signal is strong, so that the Low or High of Day
> > predicted
> > > p> by the formula I referred earlier is never touched.
> > >
> > > Pal . . . I need a translator of some foreign language to
understand
> > > what on God's earth this could possibly mean above.
i.e., 'Market
> > on
> > > Open' does NOT, and never will = 'Previous days (sic) closing
> > price'.
> > > You seem to be saying it does.
> >
> > You should always try to enter at Market on Open which should
ideally
> > be previous Days Close price. 99% of the time your order gets
filled
> > if your signal system is not a lagging indicator and gives
signals
> > one day before the market moves as mine does... This avoids the
> > practice of chasing the markets, increases profits, reduces
> > drawdowns... Actually, I used to pyramid/pillar my losing
positions
> > entered at MOO, because previously I was not able to accurately
> > measure the strength of the detected signal, but now I do not
> > pyramid/pillar my positions, as I have optimized my entry
points...
> > >
> > > And it would **ALWAYS** be "prudent" to enter at the High of
the day
> > > or the Low of the day. Always. Not "else". ^^_^^ But I doubt
> > > seriously you or anyone else can.
> >
> > That is my main point. Sometimes the High/Low of day is the Open
> > price or very close to it if you have a sufficiently strong
signal,
> > otherwise if you have a weaker signal you have to enter at
predicted
> > High/Low of Day... Sometimes the weaker signal turns into a good
> > Long term one. So I can't cherry pick signals... I have to
trade
> > every damn one of them...
> >
> > The formula I referred is quite good in predicting High/Low of
Day.
> > Sometimes, the predicted High/Low of Day is exceeded, so you
should
> > have sufficient equity to withstand the volatility. I do not
have
> > more than 42% of my Usable Margin invested at any one time. I
need
> > the rest 52% to withstand the volatality. Ideally, you should
have
> > 100% invested and make consistent gains to maxmize profits...
> >
> > >
> > > p> Actually, this formula is in the AFL library. It is the
Pivot
> > Points
> > > p> Support and Resistance. It is heavily used by the Floor
> > traders...
> > >
> > > Wait a minute. You're going to refuse to reveal a formula
that's
> > > already in the AFL library???
> > >
> > > Oh boy . . . I sure am missing something here.
> >
> > No. I said I cannot reveal the formula for the signal detection
> > system, not the formula for predicting the High/Low of day...
> >
> > Regards,
> >
> > Pal
> > >
> > > Yuki
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