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I stuck my neck out, by going OT on the philosophical aspect, for
Ron, who has shown a kind disposition towards me in the past (I also
owe everything to my constituency "who I live for").
Anyone who searches Wikipedia for "holism", "hologram"
and "correspondence(s)", for example, will find amble examples
(soundbites) on either a philosphical or mundane (trading) level, and
very good examples at that.
I am not going to go any further on the philosophcial expostion in
this forum though.
> Hmm... From a practical point of view, how would you apply this
> philosophical reflexion to trading?
The discounted value of future earnings to PV is the rational market.
The skewed market is the irrational market.
This is how the unversal reality of dualism plays out in this sphere
of human activity.
> I mean: if I want to trade hourly, should I concentrate on
>breakouts or
> moving averages in your opinion?
In modern western culture we are very direct.
In some cultures, rather than offend, they will give an evasive
answer rather than tell someone they are wrong.
In my case, an evasive answer means "think a bit further on the
subject".
brian_z
--- In amibroker@xxxxxxxxxxxxxxx, "Louis Préfontaine"
<rockprog80@xxx> wrote:
>
> Hi,
>
> Hmm... From a practical point of view, how would you apply this
> philosophical reflexion to trading?
>
> I mean: if I want to trade hourly, should I concentrate on
breakouts or
> moving averages in your opinion?
>
> Thanks,
>
> Louis
>
> 2008/3/21, brian_z111 <brian_z111@xxx>:
> >
> > (Subjective) investigations into the 'human condition' have been
> > going on, in parallel with our search for objective truths, as
long
> > as humanity has been around.
> >
> > This body of information has been collected and preserved, by the
> > few, for the benefit of mankind (the many) and consitutes a
SCIENCE
> > to its guardians, adherents and students.
> >
> > From that body of WISDOM two principles can be extracted that are
> > relevant to your comments:
> >
> > holism is universally persistent (all things are made in the
IMAGE of
> > the creator)
> >
> > and,
> >
> > flowing from that, we derive the principle of CORRESPONDENCE
> > (operating principles in one sphere, have their corresponding
> > principle in another)...
> >
> > ...but that is going to far OT.
> >
> > Over to trading (OR how the above relates to trading):
> >
> > Over the long term the bias of the (stock) market is a function of
> > the earnings performance of the component companies.
> >
> > This is skewed by the behaviour of market participants, which
> > introduces randomness to the markets.
> >
> > The shorter the timeframe the more dominant is 'randomness'
(which of
> > course is not true randomness).
> >
> > (If you are interested in the subject of organising principles and
> > holism Carl Jung's work on Psychological Archetypes is a wonderful
> > example of how the universal paradigms play out in the affairs of
> > wo/mankind).
> >
> > brian_z *:-)
> >
> >
> > --- In amibroker@xxxxxxxxxxxxxxx <amibroker%
40yahoogroups.com>, "Ronald
> > Davis" <xokie7@> wrote:
> > >
> > > I maintain the view that algorithms exist in nature, and that
> > people who develop algorighms are only discovering another one of
> > nature's secrets.
> > >
> > > When my son first showed me Amibroker several years ago, I
looked
> > at charts with Stochastics, and RSI, and I became convinced that
> > mother nature has algorithms that can find the central core of
all of
> > that volatility.
> > >
> > > I have yet to discover mother nature's algorighms, but my
attempts
> > have led me to some conclusions.
> > >
> > > ----------------------------------------------------------
> > ----------------------------------------------------------
> > ------
> > >
> > > My results WERE BEST when I "AVERAGED THE LAST SEVERAL HUNDRED
DAYS
> > OF ACTIVITY"
> > >
> > > and watched the LAST 9 DAYS>of the performance of this average
of
> > hundreds of days.
> > >
> > > ----------------------------------------------------------
> > ----------------------------------------------------------
> > ------
> > >
> > > My results WERE LESS GOOD when I "AVERAGED OF LAST 9 DAYS OF
> > ACTIVITY"
> > >
> > > and watched the LAST 9 DAYS>of the performance of this average
of
> > only 9 days.
> > >
> > > ----------------------------------------------------------
> > ----------------------------------------------------------
> > -----
> > >
> > > Hope this helps someone. Ron D
> > >
> > > ----------------------------------------------------------
> > ----------------------------
> > >
> > > ----- Original Message -----
> > > From: Louis Préfontaine
> > > To: amibroker@xxxxxxxxxxxxxxx <amibroker%40yahoogroups.com>
> > > Sent: Thursday, March 20, 2008 10:25 PM
> > > Subject: [amibroker] Philosophical question
> > >
> > >
> > > Hi group,
> > >
> > > I just began reading Howard Bandy's book (even though I did not
> > finish Aronson's book yet...), and a somehow philosophical
question
> > came to my mind when he speaks about the market's inefficiency and
> > how we must take advantage of it. He talks both about moving
> > averages and breakout, and I was wondering which one of the two
> > techniques do you think is the more promising for such a system?
> > >
> > > I ask this because as far as subjective technical analysis is
> > concerned, I am more used with breakout techniques. But the real
> > inefficiency in breakout techniques comes from time, that is if
one
> > can act quickly enough to make a profit from the sudden change in
> > price. But from my experience it seems to be more difficult with
EOD
> > or hourly data. And it is less profitable for someone (like me)
who
> > is using options, which tend to anticipate the change quicker
than it
> > really happens.
> > >
> > > Moving averages techniques, on the other side, seems a bit
> > mystical to me, and maybe a bit too simple or too « easy ». I
don't
> > know much about them...
> > >
> > > But anyway, my question is: which one of those two techniques do
> > you prefer, or do you use both for entering a trade, or shorting a
> > trade? What can be a good way to trade for someone (like me) who
> > wants to trade hourly data and can't always get the beginning of a
> > breakout?
> > >
> > > Thanks!
> > >
> > > Louis
> > >
> >
> >
> >
>
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