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Re: [amibroker] Re: Philosophical question --> Breakouts or Moving averages?



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Brian,

 From all your posting, helping others, and UKB work, I was wondering  
when you found the time to post elsewhere.
My goals are not that different, and my focus is also one thing at a  
time.  Right now it is tax calculations :(

BR,
Dennis

On Mar 23, 2008, at 7:52 PM, brian_z111 wrote:
> Dennis,
>
> This is my one and only forum.
> I don't have much to say to anyone on the subject, at the moment.
> I'm focused on trading (I like to do one project at a time and give
> it everything).
>
> When I retire from trading I hope to take a public stance, via a
> philanthropical project that I have on the drawing board (my final
> project that will take me out).
>
> We can philosophize all day, even in trading, but what we do about it
> is what counts. Like you, I want to focus on developing product and
> the UKB/forum is just my community tithe.
>
> Thanks for your interest and what you are contributing here,
>
> brian_z
>
> --- In amibroker@xxxxxxxxxxxxxxx, Dennis Brown <see3d@xxx> wrote:
>>
>> 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@> 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@>:
>>>>>
>>>>> (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
>>>>>>
>>>>>
>>>>>
>>>>>
>>>>
>>>
>>>
>>>
>>> ------------------------------------
>>>
>>> Please note that this group is for discussion between users only.
>>>
>>> To get support from AmiBroker please send an e-mail directly to
>>> SUPPORT {at} amibroker.com
>>>
>>> For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
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>>>
>>> For other support material please check also:
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>>>
>>>
>>>
>>
>
>
>
> ------------------------------------
>
> Please note that this group is for discussion between users only.
>
> To get support from AmiBroker please send an e-mail directly to
> SUPPORT {at} amibroker.com
>
> For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
> http://www.amibroker.com/devlog/
>
> For other support material please check also:
> http://www.amibroker.com/support.html
> Yahoo! Groups Links
>
>
>


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