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[amibroker] Re: Anyone actually making money?



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Paul,

I programme too... nothing wrong with programming and making your life
easier. And nothing wrong with asking for someone to 'throw you a
bone' in that goal... I'm new to AFL. So what??

I've been involved in trading for many years... market making, index
arbitrage, statistical arbitrage, long/short prop etc.. many years.
And some of the best money makers I've ever seen have been traders,
not system traders, who genuinely have a great read of the market
based off tape reading skills... they have achieved returns,
consistently, that systems traders can only dream of...

I've traded both... systems and otherwise... you can programme all the
most complicated indictaors you like... they are all based on the same
things tape reading is... which is price & volume action...

I'm still waiting for your to say something sensible, that's of value,
rather than just dig everyone out...???

--- In amibroker@xxxxxxxxxxxxxxx, "Paul Ho" <paul.tsho@xxx> wrote:
>
> learn everything you can
> about trendlines, support & resistance and the old tape reading skills
> and you will be miles ahead of 'system developers' in terms of
> actually understanding the markets and becoming a better trader.
> .......
> So you think understanding a few lines on the chart you will become
a better
> trader!!!
> So you think understanding the market will make you a better trader!!!
> So you think you are miles ahead just because you know how to draw a
lines
> rather than a system trader who write a few hundred lines of codes.
> NONE OF THE ABOVE WILL MAKE YOU A GOOD TRADER
> YOU WILL ONLY BECOME A GOOD TRADER IF YOU KNOW YOUSELF.
> 
> I'LL KEEP THIS IN A SAFE PLACE AND USE IT AS A REPLY WHEN YOU ASK
SOMEONE TO
> THROW YOU A BONE.
> 
> ________________________________
> 
> 	From: amibroker@xxxxxxxxxxxxxxx [mailto:amibroker@xxxxxxxxxxxxxxx]
> On Behalf Of sidhartha70
> 	Sent: Thursday, 31 July 2008 10:47 PM
> 	To: amibroker@xxxxxxxxxxxxxxx
> 	Subject: [amibroker] Re: Anyone actually making money?
> 	
> 	
> 
> 	Louis,
> 	
> 	Here's my tip... worth it's weight in gold. I've been doing this for
> a
> 	long time...
> 	
> 	Stop looking for the holy grail system... learn everything you can
> 	about trendlines, support & resistance and the old tape reading
> skills
> 	and you will be miles ahead of 'system developers' in terms of
> 	actually understanding the markets and becoming a better trader.
> 	
> 	Too many people spend far too much time trying to develop a 'system'
> 	rather than becoming a better trader.
> 	
> 	--- In amibroker@xxxxxxxxxxxxxxx
> <mailto:amibroker%40yahoogroups.com> , "Louis P." <rockprog80@> wrote:
> 	>
> 	> Hi,
> 	> 
> 	> I was only wondering... Anyone actually making money or making a
> living
> 	> with AB and trading?
> 	> 
> 	> I've been working on ideas and plans for over 7 months now and
> 	didn't find
> 	> anything convincing yet. I've been searching daily data, then
> hourly,
> 	> 15-minute and now I am into 1-minute data and nothing seems
> satisfying.
> 	> Been searching RSI, MFI, ADX, MA, HHV, LLV... nothing seems to
> work.
> 	> 
> 	> So... Anyone is making consistent money with this, and if so, at
> which
> 	> timeframe and how do you do it?
> 	> 
> 	> I'm beginning to think about switching to tick database; it seems
> even
> 	> 1-minute is too slow for intraday trading. Anyone making money
> with
> 	> 1-minute?
> 	> 
> 	> Thanks,
> 	> 
> 	> Louis
> 	>
>



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