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Pal,
Your emails spurred me to post a mechanical,
open-coded approach to the ETF's. Please post a chart of anything you
trade. I would like to understand what you are doing or what you are
trying to convince us that you are doing. I like pictures. Frankly,
I don't understand your posts. Each additional writing leaves me
more confused, especially, your asumption that today's close will somehow
be the same as tomorrow's opening. I've actually had people ask me to
excute at the high of the day or the low of the day...but, I've never had a
request to execute at yesterday's close.
Take care,
Steve
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
palsanand
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Thursday, October 30, 2003 7:22
PM
Subject: [amibroker] Re: Managing
drawdowns (was % channels)
I Detect a signal with my primary trading system then
Verify it with OB/OS conditions (secondary trading systems) before it
becomes a verified (validated) signal. Additionally I also Interpret
it using volatality to determine as to whether it is a trend-change
pullback or a breakout. In my view Verification is more difficult
than Detection and Interpretation is more difficult than
Verification. I call this the DVI (Detection, Verification and
Interpretation) technique, a term borrowed from the SETI (Search for
Extra-Terrrestial Intelligence) project. In the case of an alien
(extra-terrestial) broadcasted Detected signal, it is Verified by
receiving the same signal in another location in space which is at one of
the vertices of an equilateral triangle in the same plane. Naturally
the Interpretation of such an alien broadcasted signal would be even more
complex than its Detection and Verification. In my case, the
Detected signal is Verified by another time-frame and also by the
secondary systems and interpreted by volatality....rgds,
Pal--- In amibroker@xxxxxxxxxxxxxxx, Yuki Taga <yukitaga@xxxx>
wrote:> Hi palsanand,> > Friday, October 31, 2003,
10:35:34 AM, you wrote:> > p> Let me try again. It is
the most accurate system I have come> p> across, once the signals
are validated.> > This sounds like more gobbledegook to
me. "Once the signals are> validated"? What does this mean,
for crying out loud? Either it is> a signal, or it's not.
If it needs some validation, it's not a> signal IMHO, but a
setup. A signal means take action in the market.> How long you
hold it may very well be dependent on what subsequently> happens, but a
signal is a signal, or it's something else, in which> case it is not a
signal. You really do write in the most convoluted> circles, Pal, but
I'm open to more interpretation. ^^_^^> > And the bit
about not taking losses sounds very strange to me. It> sounds
like you don't take any loss because the "signal" might> "validate" to
me. What if it doesn't, and this is the decision you> have to
make? Something is very, very strange about the way you> describe
your trading. Maybe you just don't write so well?> >
YukiSend
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