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[amibroker] Re: beautiful morning in Tokyo (update)



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Pal,

One of my favorite TV characters of all time is Cliff(ie) from the
Cheers sitcom.

Much of the time, you sound like you took philosophy lessons from Cliffie.

Regards,

Phsst


--- In amibroker@xxxxxxxxxxxxxxx, "palsanand" <palsanand@xxxx> wrote:
> I never day-trade, only postiion trading, but I do have to resort to 
> day-trading strategies sometimes, because of excessive volatality.  
> That is where Dr. John F. Ehler's Squelch functions can be helpful in 
> distinguishing noise (signal with lots of noise) from real (stong, 
> clear, clean) signal.  Day-trading forces you to cut your profits 
> short and let your losses run until you can recoup it later by 
> doubling up at a better price (at support or resistance) and exit 
> your losing positions at a break-even price".  But, you have to be 
> correct about the direction.  You cannot be trading both directions...
> 
> rgds, Pal
> --- In amibroker@xxxxxxxxxxxxxxx, "Jayson" <jcasavant@xxxx> wrote:
> > Pal says  "Day-trading forces you to cut
> > your profits short and let your losses run"
> > 
> > How's that working out for you? You must have started with a whole 
> lot of
> > money to still be in the game :)
> > 
> > Regards,
> > Jayson
> > -----Original Message-----
> > From: palsanand [mailto:palsanand@x...]
> > Sent: Monday, November 17, 2003 7:20 PM
> > To: amibroker@xxxxxxxxxxxxxxx
> > Subject: [amibroker] Re: beautiful morning in Tokyo (update)
> > 
> > 
> > I disagree.  Day-trading is a more sophisticated game and the rules
> > of position trading do not apply here.  Day-trading forces you to 
> cut
> > your profits short and let your losses run, the opposite of 
> position-
> > trading.  You use limits not stops.  I never day-trade, but some of
> > the signals I trade turn out to be a day-trading signal, so I am
> > trying to learn how to handle it.  Actually,  I think I found the
> > solution.  Thanks for arguing with me.  It lies not just in the AFL
> > daily pivot code, but in the AFL weekly pivot code.  The new Beta
> > version makes it a piece of cake to calculate the weekly pivots.
> > Thanks Thomaz.  I know now, how I should modify my approach of
> > optimizing the entry points, but the basic tactic remains the 
> same...
> > 
> > rgds, Pal
> > --- In amibroker@xxxxxxxxxxxxxxx, Yuki Taga <yukitaga@xxxx> wrote:
> > > Hi palsanand,
> > >
> > > Monday, November 17, 2003, 1:56:42 PM, you wrote:
> > >
> > > p> Well, Volatility is the life-blood for day-trading, the more
> > > p> volatile the better
> > >
> > > Absolutely disagree.  You want just the right amount, because you
> > > have NO GUARANTEE your trade will win, and need to set appropriate
> > > stops.
> > >
> > > As for the rest . . . I give up.  ^_-
> > >
> > > p>  and it doesn't fly in the face of common
> > > p> sense, infact it is perfectly aligned with common sense.  A
> > > p> dip/rally or a breakout is trying to catch the trend when it is
> > in
> > > p> full swing and a confirmed trend-change has confirmed the start
> > of
> > > p> a new trend, so it is natural for volatility to be high in 
> those
> > > p> circumstances, not that it really matters, though low 
> volatility
> > > p> would be nice especially for non- confirmed trend-changes...
> > >
> > > Yuki
> > 
> > 
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