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Brian,
On which forum do you discuss philosophical topics?
BR,
Dennis
On Mar 23, 2008, at 7:34 AM, brian_z111 wrote:
> 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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