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SV: [amibroker] Re: 'Rule Based' versus 'Discretionary' trading...



PureBytes Links

Trading Reference Links

I hammered out a template because I thought we lacked one .... it is 
like a mud map for tramping around Middle Earth ......we were just 
sloshing around with some rather muddled ideas being thrown into the 
mix....... now that it is done it is appropriate that it is 
challenged and critiqued ..... best if that is done by others .... 
that takes the burden off the owner too.


Your link is very appropriate..... I'm up for the challenge .... I 
did allow enough scope .... based on my defintion of a rule ....

"A statement or PRINCIPLE governing behaviour"


....... 'principles' allow for all of the creative zest and immediacy 
your heart could possible desire.

Good to get a second opinion though ... or a third .... or a 
forth ....

brian_z

--- In amibroker@xxxxxxxxxxxxxxx, "sidhartha70" <sidhartha70@xxx> 
wrote:
>
> Brian,
> 
> Thought you might find this interesting. I've read a couple of this
> guys books (being a Market Profile geek)... and I rate him very
> highly. Just an interesting link,
> 
> http://www.marketsinprofile.com/DscrtTrdr-2.html
> 
> --- In amibroker@xxxxxxxxxxxxxxx, "brian_z111" <brian_z111@> wrote:
> >
> > My teacher often said "Energy follows thought." - I find it one 
of 
> > the more difficult axioms to understand.
> > 
> > I think it is embodied in trading by 'positive thinking' ... 
Napolean 
> > Hill and the classics of that kind.
> > 
> > brian_z
> > 
> > 
> > 
> > 
> > 
> > --- In amibroker@xxxxxxxxxxxxxxx, "Jan Malmberg" <jan@> wrote:
> > >
> > > Hi,
> > > 
> > > In response to the entire thread: Because there is energy, 
there is 
> > law that
> > > governs it. No energy equals no law which equals no energy. 
This is 
> > the
> > > fundamental truth of existence.
> > > 
> > > Best regards / JM
> > > 
> > >  
> > > 
> > >   _____  
> > > 
> > > Från: amibroker@xxxxxxxxxxxxxxx 
[mailto:amibroker@xxxxxxxxxxxxxxx] 
> > För
> > > sidhartha70
> > > Skickat: den 23 augusti 2008 11:43
> > > Till: amibroker@xxxxxxxxxxxxxxx
> > > Ämne: [amibroker] Re: 'Rule Based' versus 'Discretionary' 
trading...
> > > 
> > >  
> > > 
> > > Brian,
> > > 
> > > Interesting as always.
> > > 
> > > I'm not sure I see a difference between 'X traders' 
and 'intuitive
> > > traders'... they are the same thing I assume?? Why classify 
them as
> > > 'X' traders when 'intuitive' is a term much more familiar to 
most?
> > > 
> > > You say,
> > > 
> > > "In all probability traders who haven't written down their 
rules 
> > are 
> > > > using much simpler 'systems' and/or have automatically joined 
> > > > together a few simple rules to make a set of 
easily 'remembered' 
> > > > mental rules."
> > > 
> > > I'm not sure I agree with that statement. I think a good, 
intuitive
> > > trader can be processing far more information than you suggest, 
and 
> > a
> > > much larger base of loosely based rules than you suggest.
> > > 
> > > To quote Steven Hawkins from 'Steidlmayer on Markets'...
> > > 
> > > "... you will begin to gain a feel for a market that enables 
you to
> > > sense changes AS they occur, not after. You will develop the 
ability
> > > to RECOGNIZE opportunies. You will learn to RECOGNIZE when you 
are
> > > wrong BEFORE your dollar position tells you so. You will begin 
to 
> > see
> > > that, when you have exited a trade early, it was usually the 
right
> > > thing to do... In other words you become 'one' with the market."
> > > 
> > > I guess that's something approaching intuition. I remain to be
> > > convinced that 'seeing a few seconds into the future' is 
anything 
> > more
> > > than being 'in flow' with the market. Maybe zero delay, seeing 
> > things
> > > AS they happen, not after, is enough.
> > > 
> > > I find it strange that you don't use more intution in your 
trading
> > > since you seem to believe in its power and use it so 
successfully
> > > elsewhere in your life.
> > > 
> > > --- In amibroker@xxxxxxxxx <mailto:amibroker%40yahoogroups.com> 
> > ps.com,
> > > "brian_z111" <brian_z111@> wrote:
> > > >
> > > > > Another possible irrational explanation is that some humans 
may 
> > have
> > > > > the ability to see the future.
> > > > 
> > > > 
> > > > Ed, 
> > > > 
> > > > I feel I sold you short on this one so if you are interested 
in a 
> > > > more detailed answer read on.
> > > > 
> > > > In my scheme of things there are no trader classifications, 
> > except 
> > > > perhaps good ones and not so good ones.
> > > > 
> > > > If it helps us to understand our trading and/or become better 
> > > > traders, by naming classes, by all means lets do so but if 
and 
> > when 
> > > > we consider traders to be discretionary, we are, IMO 
deceiving 
> > > > ourselves i.e. it is probably the most useless classification 
of 
> > all.
> > > > 
> > > > For the sake of the discussion - if there are otraders who 
> > can 'know' 
> > > > things using faculties that other traders don't have then I 
would 
> > > > call them XTraders (X == unclassified OR an unknown quantity).
> > > > 
> > > > Our culturally accepted paradigm is that we are thinking 
> > > > (rationalising) and feeling creatures contained in a physical 
> > body 
> > > > (vessel).
> > > > 
> > > > Culturally it is considered 'irrational' that anyone could 
> > function 
> > > > with a faculty other than thinking or feeling i.e. people 
> > > > who 'believe' this are sub-standard thinkers (perhaps they 
are 
> > > > unbalanced by their emotions?)
> > > > 
> > > > In other cultures alternative 'levels of consciousness' are 
> > > > considered the norm (consciousness that is above and beyond 
> > rational 
> > > > thinking that is).
> > > > 
> > > > Specialists in this field don't consider these X faculties as 
> > > > irrational - this term is reserved for a special class of sub-
> > > > rational consciousness.
> > > > 
> > > > 
> > > > As an analogy:
> > > > 
> > > > Rationality can be symbolised by a clear blue cloudless sky 
and 
> > the 
> > > > sub-conscious mind as the clear deep green ocean.
> > > > 
> > > > The irrational elements of our 'mind' are floating on the 
surface 
> > of 
> > > > the ocean, bobbing up and down like corks.
> > > > Collectively the corks are always in motion.
> > > > They are discrete and individual corks 'rotate' above and 
below 
> > the 
> > > > water line. Their upward motion creates pressure on our 
conscious 
> > > > mind and some leap out of the water, into consciousness, for 
> > brief 
> > > > periods.
> > > > 
> > > > We call them irrational because they never come to full and 
> > complete 
> > > > expression in our rational mind - it is not possible for them 
to 
> > > > exist there autonomously because of the material that they 
are 
> > > > constructed of (speaking symbolically they are half-formed 
> > creatures 
> > > > from the deep).
> > > > 
> > > > They act somewhat autonomously from our consious mind and 
> > controlling 
> > > > them is a devil of a job (the labours of Hercules).
> > > > 
> > > > Specifically they are products of our environment 
> > (upbringing/past 
> > > > etc) that are exascerbated ny 'inherited' qualities (put two 
> > people 
> > > > in the same stressful environment and one can develop a 
mental 
> > > > pathology while the other person won't).
> > > > 
> > > > They can affect our trading by popping up as irrational 
behavoiur 
> > in 
> > > > the heat of battle or by generally influencing our approach 
> > > > (fear/greed etc).
> > > > 
> > > > The 'higher' level of consciousness (knowing) that I am 
> > personally 
> > > > familiar with is the Intuition which I consider to be the 
> > 4th/seven 
> > > > levels of consciousness attainable my Mankind.
> > > > 
> > > > Note that in our culture the term is used in different ways 
in 
> > > > different cultures and that even amongst specialists in this 
> > field 
> > > > their is disagreement over the classifications of 
consciousness 
> > and 
> > > > the nomenclature.
> > > > 
> > > > I don't know how Intuition works, nor have I experienced the 
full 
> > > > scope of it.
> > > > 
> > > > For me it works in different ways at different times and it 
is 
> > > > dependent on how I manage it (if I am tired or don't pay full 
> > > > attention the quality of what I 'perceive' drops).
> > > > 
> > > > It is not mind reading.
> > > > 
> > > > I experience it as a kind of 'super-rationality' i.e. given 
the 
> > same 
> > > > facts that the rational mind possesses (yes I still have to 
read 
> > the 
> > > > help manual) I can sometimes connect the dots in amazing ways 
and 
> > do 
> > > > it instantaneously - I just consider I have done the rational 
> > anlysis 
> > > > at a speed that my conscious mind couldn't keep up with.
> > > > 
> > > > According to the pundits other levels of consciousness are 
> > accessible 
> > > > in the supra-rational mind.
> > > > 
> > > > The intuitive level of consiousness can be accessed via the 
> > abstract 
> > > > mind and this is what many of the leaders of our culture do - 
it 
> > is 
> > > > especially prevalent in those who are trained in/have a 
> > disposition 
> > > > towards use of the abstract languages e.g. 
> > > > maths,programming,philosophy, art, music etc where it is 
> > experienced 
> > > > as INSPIRATION. 
> > > > 
> > > > I haven't tried to be an Intuitive trader because I am quite 
> > happy to 
> > > > use all of the resources available to me in a balanced way 
> > (combining 
> > > > computer skills, rational thinking, inspiration and emotional 
> > control 
> > > > in a synthesized package and I am doing fine with that).
> > > > 
> > > > Anyway, I can't seperate my learned experiences from my 
> > instinctive 
> > > > experiences so I couldn't perform an honest test (if I tried 
to 
> > make 
> > > > purely intuitive trading choices I could be biased by other 
more 
> > > > mundane factors).
> > > > 
> > > > 
> > > > 
> > > > How does this apply to trading?
> > > > 
> > > > We can make a truly unbiased decision if we flip a coin 
> > (technically 
> > > > speaking the decision is made by the coin at the moment it 
comes 
> > to 
> > > > rest).
> > > > 
> > > > Coins don't have thoughts, feelings or X consciousness.
> > > > 
> > > > We do.
> > > > 
> > > > Whenever we make a decision it is almost impossible for us to 
> > measure 
> > > > the degree that it is influenced by feelings, thoughts or 
> > XFactors.
> > > > 
> > > > Anything that influences our decision making places a 
condition 
> > on 
> > > > it, so in a round aout way it is a rule.
> > > > 
> > > > That is why I claim that we are all rule based traders 
(unless we 
> > > > flip a coin to make our trading decisions).
> > > > 
> > > > The differences come about because of the quality, number, 
format 
> > etc 
> > > > of our 'rules'.
> > > > 
> > > > As a rule of thumb:
> > > > 
> > > > Writing down our rules is one way to quality control them.
> > > > Writing them in computer language is an even more definitive 
way 
> > > > force them to logicality.
> > > > 
> > > > However we shouldn't assume that people who like to trade in 
a 
> > visual 
> > > > way e.g. chart trading, don't have written or programmed 
rules OR 
> > > > that people who haven't written down their rules are 'worse' 
> > traders 
> > > > than those who do.
> > > > 
> > > > In all probability traders who haven't written down their 
rules 
> > are 
> > > > using much simpler 'systems' and/or have automatically joined 
> > > > together a few simple rules to make a set of 
easily 'remembered' 
> > > > mental rules.
> > > > 
> > > > On that basis it is a bold asumption to say that they 
couldn't 
> > teach 
> > > > it to others.
> > > > 
> > > > I dare say they can most likely teach it to a 15 year old a 
lot 
> > more 
> > > > readily than they could teach them to autotrade.
> > > > 
> > > > It is a pretty fair bet that bad rules, unclear rules, or no 
> > rules at 
> > > > all, is the source of most trading trouble rather than 
unwritten 
> > > > rules or XFactor rules.
> > > > 
> > > > As for XFactor traders (if there really are any out there):
> > > > 
> > > > - they are still following a rules it just happens that they 
get 
> > them 
> > > > from the fairy perched on the top of their computer screen (I 
> > guess 
> > > > the proof of the pudding is in the eating).
> > > > 
> > > > Personally, I haven't made a decision to buy/sell based on an 
> > > > intuitive signal AFAIK (if anyone is an intuitive trader then 
I 
> > would 
> > > > be a good candidate).
> > > > 
> > > > However in real life I make intuitive decisions all of the 
time.
> > > > 
> > > > One way I use the intuition is that I sense it like a stop 
light 
> > in 
> > > > the pit of my stomach - I can almost see it - red == 
stop/orange 
> > == 
> > > > caution, green == go.
> > > > 
> > > > Specfic examples:
> > > > 
> > > > I go to a website - I take one look at it - I read the first 
> > > > paragraph of an article their - I get a red light - don't 
read 
> > > > anyfurther - it saves me research time - reason == the level 
of 
> > > > consciousness of the author is too low - they couldn't 
possibly 
> > write 
> > > > anything about trading worth reading (sorry but it isn't 
anything 
> > > > more romantic than that).
> > > > 
> > > > In other cases I use the intuition in more advanced ways but 
that 
> > is 
> > > > a very long story.
> > > > 
> > > > I hope that helps a few traders sort out their thoughts.
> > > > 
> > > > "If we are saying it, we are thinking it.
> > > > If we are thinking it, we are doing it".
> > > > 
> > > > If we are sloppy with our trading nomenclature?
> > > > 
> > > > 
> > > > brian_z *:-)
> > > > 
> > > > I am very sorry but I can't answer private emails to my 
public 
> > email 
> > > > addresses - many of them get lost amongst the spam anyway.
> > > > 
> > > > Also I apologise deeply but I do not 'take' students.
> > > > 
> > > > FTR I teach the 'middle way' (not in a sectarian way) and I 
do 
> > what I 
> > > > can publically. 
> > > > 
> > > > 
> > > > --- In amibroker@xxxxxxxxx <mailto:amibroker%
40yahoogroups.com> 
> > ps.com,
> > > "Ed Hoopes" <reefbreak_sd@> 
> > > > wrote:
> > > > >
> > > > > Another possible irrational explanation is that some humans 
may 
> > have
> > > > > the ability to see the future.
> > > > > 
> > > > > In competitive sports some players just seem to know what 
their
> > > > > opponents will do. Maybe the same is true of some 
successful 
> > > > traders.
> > > > > They can't explain it rationally, but they "just know it"
> > > > > 
> > > > > Reef
> > > > > 
> > > > > PS
> > > > > Unfortunately, I don't have this trait. 
> > > > > 
> > > > > 
> > > > > --- In amibroker@xxxxxxxxx <mailto:amibroker%
40yahoogroups.com> 
> > ps.com,
> > > "brian_z111" <brian_z111@> wrote:
> > > > > >
> > > > > > From the 2nd article:
> > > > > > 
> > > > > > "Paul Taglia sees high-probability Window set-ups that 
the 
> > rest 
> > > > of us 
> > > > > > don't. I've seen him do this for nearly two years. He 
can't 
> > > > explain 
> > > > > > it...he simply says that he's looked at thousands and 
> > thousands 
> > > > of 
> > > > > > charts over his career and some charts simply look better 
to 
> > him 
> > > > than 
> > > > > > others. We once asked him to keep a journal to see if we 
> > could 
> > > > > > systematize what he saw. It was a useless exercise. He 
sees 
> > it 
> > > > but he 
> > > > > > can't explain it."
> > > > > > 
> > > > > > 
> > > > > > According to Occams Law the simplest explanation is 
usually 
> > the 
> > > > best.
> > > > > > 
> > > > > > http://en.wikipedia 
<http://en.wikipedia.org/wiki/Simplicity>
> > > .org/wiki/Simplicity
> > > > > > 
> > > > > > Possible explanations, of Paul Taglia's discretionary 
style 
> > are:
> > > > > > 
> > > > > > a) He can 'see', or sense, the future in the charts,
> > > > > > b) he has a set of rules that he learnt in the past 
(based on 
> > > > > > experience) and they have become second nature - possibly 
he 
> > has 
> > > > > > forgotten what they are or when he learnt them (or at 
least 
> > some 
> > > > of 
> > > > > > them)
> > > > > > c) he has a set of rules, and he knows that, but this is 
an 
> > > > excellent 
> > > > > > posture to take if his game plan is never to reveal them 
to 
> > anyone
> > > > > > d) he has a set of rules but has a playful nature OR 
likes to 
> > > > take 
> > > > > > the mickey out of his associates OR has a superiority 
complex 
> > and 
> > > > > > disdains the idiots who surround him
> > > > > > e) he has an inferiority complex and needs the boost that 
> > comes 
> > > > from 
> > > > > > the adulation of others - this is an excellent strategy 
to 
> > > > establish 
> > > > > > mystique as a trader and achieve legendary status
> > > > > > f) it is a great way to market ones employment value in a 
> > > > transient 
> > > > > > workplace (its a resume that can't be questioned to any 
> > extent 
> > > > either)
> > > > > > g) some combination of a-f
> > > > > > h) he has a set of rules (some conscious, some sub-
conscious) 
> > but 
> > > > he 
> > > > > > can't be bothered explaining them (it is a form of energy 
> > > > > > conservation - an alternavtive version of this is that he 
> > could 
> > > > be a 
> > > > > > very focused trader and has eliminated the non-
essentials, 
> > like 
> > > > > > defining his style OR chatting about his style.
> > > > > > 
> > > > > > BTW irrationality is the common name for the shadow (I 
used 
> > the 
> > > > > > symbolic name).
> > > > > > 
> > > > > > There is no irrationality in maths, programming etc which 
is 
> > > > probably 
> > > > > > why I quite like programmers etc.
> > > > > > 
> > > > > > Trading myths are born out of, and perpetuated by 
> > irrationality.
> > > > > > 
> > > > > > brian_z
> > > > > > 
> > > > > > 
> > > > > > 
> > > > > > --- In amibroker@xxxxxxxxx <mailto:amibroker%
> > 40yahoogroups.com>
> > > ps.com, "wavemechanic" <timesarrow@> 
> > > > > > wrote:
> > > > > > >
> > > > > > > 
> > > > > > 
> > > > http://www.tradingm
> > > 
> > 
<http://www.tradingmarkets.com/.site/stocks/commentary/lcbattlep/08272
> > 0>
> > > arkets.com/.site/stocks/commentary/lcbattlep/082720
> > > > > > 04-39801.cfm
> > > > > > > 
> > > > > > > 
> > > > > > 
> > > > http://www.tradingm
> > > 
> > 
<http://www.tradingmarkets.com/.site/swingtrading/commentary/lcbattlep
> > />
> > > arkets.com/.site/swingtrading/commentary/lcbattlep/
> > > > > > 09022004-39899.cfm
> > > > > > > ----- Original Message ----- 
> > > > > > > From: sidhartha70 
> > > > > > > To: amibroker@xxxxxxxxx <mailto:amibroker%
> > 40yahoogroups.com> ps.com 
> > > > > > > Sent: Wednesday, August 20, 2008 10:52 AM
> > > > > > > Subject: [amibroker] Re: 'Rule Based' 
> > versus 'Discretionary' 
> > > > > > trading...
> > > > > > > 
> > > > > > > 
> > > > > > > I think you're right Brian. We do all use rules of some 
> > sort.
> > > > > > > 
> > > > > > > But I guess discretionary traders don't use 'hard and 
fast' 
> > > > rules 
> > > > > > and
> > > > > > > can't always define the same set of rules by which they 
> > > > choose to
> > > > > > > define an entry or exit.
> > > > > > > 
> > > > > > > For example, as we all know, something as simple as 
> > defining 
> > > > a 
> > > > > > trend
> > > > > > > programatically can be more problematic as you might at 
> > first 
> > > > > > think.
> > > > > > > However, a good trader can see very quickly what state 
the 
> > > > market 
> > > > > > is
> > > > > > > in by looking at various time frame of chart.
> > > > > > > 
> > > > > > > Likewise, divergences of various sorts can be easy to 
see 
> > > > with the
> > > > > > > naked eye but difficult to code in their entirety.
> > > > > > > 
> > > > > > > Like driving a car, or a golf swing, you learn 
the 'rules' 
> > > > but 
> > > > > > when
> > > > > > > you get really good you are no longer thinking rules... 
> > you've
> > > > > > > effectively let go of the rules and are just 'doing'...
> > > > > > > 
> > > > > > > --- In amibroker@xxxxxxxxx <mailto:amibroker%
> > 40yahoogroups.com>
> > > ps.com, "brian_z111" <brian_z111@> 
> > > > > > wrote:
> > > > > > > >
> > > > > > > > Here is my definition:
> > > > > > > > 
> > > > > > > > We are all rule based traders.
> > > > > > > > 
> > > > > > > > Mechanical Traders are a specialist group who have 
> > > > programmed 
> > > > > > > > computers to autotrade their rules OR automatically 
> > > > announce 
> > > > > > their 
> > > > > > > > rules via computer communications (audio, email, 
chart 
> > > > prompts, 
> > > > > > > > spoken text etc).
> > > > > > > > 
> > > > > > > > I am prepared to continue the discussion with any 
seers, 
> > > > > > inituitives 
> > > > > > > > etc, who come forward, and adjust my definition to 
meet 
> > > > > > anything new 
> > > > > > > > that comes out of that.
> > > > > > > > 
> > > > > > > > In advance I admit to the possibility of exceptions 
to 
> > the 
> > > > rule.
> > > > > > > > 
> > > > > > > > brian_z
> > > > > > > > 
> > > > > > > > 
> > > > > > > > --- In amibroker@xxxxxxxxx <mailto:amibroker%
> > 40yahoogroups.com>
> > > ps.com, "brian_z111" 
> > > > <brian_z111@> 
> > > > > > wrote:
> > > > > > > > >
> > > > > > > > > >Descretionary traders make decisions that are 
based on 
> > > > > > personal 
> > > > > > > > > >knowledge and circumstances, perhaps using many 
> > factors 
> > > > > > unknown to 
> > > > > > > > > >themselves. Like which journal they read the night 
> > > > before. 
> > > > > > > > > 
> > > > > > > > > This is the nub of the question for sure, and the 
point 
> > > > that 
> > > > > > I am 
> > > > > > > > > investigating.
> > > > > > > > > 
> > > > > > > > > I suspect that when they (self-nominated DT's) 
think 
> > they 
> > > > are 
> > > > > > > > making 
> > > > > > > > > discretionary decisions they are in fact making 
rule 
> > > > based 
> > > > > > > > decisions.
> > > > > > > > > 
> > > > > > > > > That is why I asked for specific examples 
> > > > of 'discretionary' 
> > > > > > > > decision 
> > > > > > > > > making e.g. I haven't seen Bilbo's chart yet but I 
> > > > consider 
> > > > > > it 
> > > > > > > > highly 
> > > > > > > > > unlikely that the decision about whether a trend is 
in 
> > > > place 
> > > > > > is a 
> > > > > > > > > discretionary decision - I can define a trend in 
> > several 
> > > > > > different 
> > > > > > > > > ways - all of them can readily be written as a rule 
(in 
> > > > words 
> > > > > > or 
> > > > > > > > with 
> > > > > > > > > code) - I don't care if the definitions 
are 'correct' 
> > or 
> > > > not 
> > > > > > as 
> > > > > > > > long as 
> > > > > > > > > the system that they are part of works i.e. my 
rules 
> > for 
> > > > a 
> > > > > > trend 
> > > > > > > > depend 
> > > > > > > > > on the context.
> > > > > > > > > 
> > > > > > > > > As Dennis said, our rules might be difficult to 
> > program, 
> > > > > > causing us 
> > > > > > > > not 
> > > > > > > > > to automate the trade, but mentally we are still 
> > running 
> > > > the 
> > > > > > rules 
> > > > > > > > and 
> > > > > > > > > if we are honest with ourselves we do know what the 
> > rules 
> > > > are.
> > > > > > > > > 
> > > > > > > > > 
> > > > > > > > > >For a novice traders to try and mimic the 
techniques 
> > (of 
> > > > > > > > Discretionary 
> > > > > > > > > >Traders) without 
> > > > > > > > > >having similar backgrounds merits caution.
> > > > > > > > > 
> > > > > > > > > What I am suggesting is that, over time, the sub-
> > > > conscious 
> > > > > > mind 
> > > > > > > > will 
> > > > > > > > > automate what was intially habitual conscious 
> > behaviour, 
> > > > and 
> > > > > > even 
> > > > > > > > make 
> > > > > > > > > some improvements on it, so that 'we' can skip the 
> > > > conscious 
> > > > > > part 
> > > > > > > > for 
> > > > > > > > > some 'tasks' e.g. driving the car becomes second 
nature.
> > > > > > > > > 
> > > > > > > > > That won't happen for new traders, in a short time, 
so 
> > > > they 
> > > > > > do need 
> > > > > > > > to 
> > > > > > > > > persevere, be patient and not try to mimic people 
who 
> > > > have 
> > > > > > been 
> > > > > > > > around 
> > > > > > > > > for years.
> > > > > > > > > 
> > > > > > > > > IMO formal (written) rules based 
> > > > > > trading/backtesting/optimization 
> > > > > > > > is 
> > > > > > > > > the best place to start - it grinds the basic 
lessons 
> > in 
> > > > very 
> > > > > > well.
> > > > > > > > > 
> > > > > > > > > If anyone can look at a chart, and without recourse 
to 
> > > > any 
> > > > > > rules, 
> > > > > > > > know 
> > > > > > > > > which way the price is going to move and trade 
> > > > successfully 
> > > > > > (long 
> > > > > > > > > term) on that basis then that is something else 
> > > > altogether.
> > > > > > > > > 
> > > > > > > > > If it is at all possible to do that then it 
definitely 
> > > > can't 
> > > > > > be 
> > > > > > > > taught.
> > > > > > > > > 
> > > > > > > > > That is why I asked, "Anyone doing it?".
> > > > > > > > > 
> > > > > > > > > It is just like >100%PA returns - anything is 
possible 
> > > > but 
> > > > > > once 
> > > > > > > > someone 
> > > > > > > > > confirms that they have done it then it moves from 
the 
> > > > realm 
> > > > > > of 
> > > > > > > > > possibility into reality.
> > > > > > > > > 
> > > > > > > > > In the meantime I will stick to my guns by saying 
> > > > > > that "except for 
> > > > > > > > > people who KNOW what the price is going to do 
everyone 
> > > > else 
> > > > > > is a 
> > > > > > > > rule 
> > > > > > > > > based trader and categorizing traders, as DT's or 
MT's, 
> > > > is 
> > > > > > > > arbitrary".
> > > > > > > > > 
> > > > > > > > > brian_z
> > > > > > > > >
> > > > > > > >
> > > > > > > 
> > > > > > > 
> > > > > > > 
> > > > > > > ------------------------------------
> > > > > > > 
> > > > > > > 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.amibroke <http://www.amibroker.com/devlog/> 
> > r.com/devlog/
> > > > > > > 
> > > > > > > For other support material please check also:
> > > > > > > http://www.amibroke 
<http://www.amibroker.com/support.html>
> > > r.com/support.html
> > > > > > > Yahoo! Groups Links
> > > > > > > 
> > > > > > > 
> > > > > > > 
> > > > > > > 
> > > > > > > No virus found in this incoming message.
> > > > > > > Checked by AVG - http://www.avg. <http://www.avg.com> 
com 
> > > > > > > Version: 8.0.138 / Virus Database: 270.6.6/1623 - 
Release 
> > > > Date: 
> > > > > > 8/20/2008 8:12 AM
> > > > > > >
> > > > > >
> > > > >
> > > >
> > >
> >
>



------------------------------------

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