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[amibroker] Re: Thrill me, fill me, kill me



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Acknowledge but all work and no play ...

--- In amibroker@xxxxxxxxxxxxxxx, "Phsst" <phsst@xxxx> wrote:
> > hmmm ... you didn't like my duck ( tape ) and cover cartoon ?!
> 
> Didn't do much for my AB education... (not that there was anything
> wrong with it!)... <g>
> 
> Phsst
> 
> --- In amibroker@xxxxxxxxxxxxxxx, "Fred" <fctonetti@xxxx> wrote:
> > 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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