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You're right... call me KillJoy...
Phsst
--- In amibroker@xxxxxxxxxxxxxxx, "Fred" <fctonetti@xxxx> wrote:
> 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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