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RE: Formula help



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<x-html><html><head></head><BODY bgcolor="#FFFFFF"><p><font size=3 color="#0000FF" face="Arial">Al, thank you for your reply. Manuel<br><font color="#000000">----------<br>De: Al Taglavore &lt;<font color="#0000FF"><u>altag@xxxxxxxxxxxx</u><font color="#000000">&gt;<br>A: <font color="#0000FF"><u>metastock@xxxxxxxxxxxxx</u><font color="#000000"><br>Asunto: Re: Formula help<br>Fecha: sábado 15 de agosto de 1998 4:07<br><br>Manuel Barquin wrote:<br>&gt; <br>&gt; I would appreciate it someone could tell me how<br>&gt; to use the On balance Volume &nbsp;Metastock formula.<br>&gt; The formula itself is &quot;obv()&quot;. What shall I include in<br>&gt; parenthesis? I was trying to add a figure but it<br>&gt; seems that the purpose of the parenthesis &quot;()&quot;<br>&gt; is not to contain any data, am I right? I consulted the<br>&gt; MS manual page 371, page 230, and page 202 but<br>&gt; I could not get any further. &nbsp;I am using Metastock V5.11<br>&gt; <br>&gt; Thanks, Manuel Barquin, Madrid, Spain<br>These are not parenthesis as &nbsp;we commonly think of them. &nbsp;This is the<br>way MS places a pre-written formula into a system test/exploration. <br>Nothing you can place into them. &nbsp;OBV the formula, is a running total of<br>+or- volume over whatever time frame you select. &nbsp;<br><br>Al Taglavore</p>
</font></font></font></font></font></font></body></html></x-html>From ???@??? Sun Aug 16 04:43:55 1998
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From: "Manuel Barquin" <Alemania@xxxxxxxxxxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: RE: Formula help
Date: Sat, 15 Aug 1998 18:11:52 +0200
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<x-html><html><head></head><BODY bgcolor="#FFFFFF"><p><font size=3 color="#0000FF" face="Arial"><br>Caud, thank you. I will leave the formula as it is.<br>Manuel <br><br> <br><br><font color="#000000">----------<br>De: <font color="#0000FF"><u>ClaudB@xxxxxxx</u><font color="#000000"><br>A: <font color="#0000FF"><u>metastock@xxxxxxxxxxxxx</u><font color="#000000"><br>Asunto: Re: Formula help<br>Fecha: sábado 15 de agosto de 1998 3:45<br><br>Manuel,<br><br>Leave it as is. Put nothing in the parenthesis.<br><br>Claud</p>
</font></font></font></font></font></font></body></html></x-html>From ???@??? Sun Aug 16 04:43:53 1998
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From: "Manuel Barquin" <Alemania@xxxxxxxxxxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Subject: RE: Formula help
Date: Sat, 15 Aug 1998 18:13:17 +0200
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<x-html><html><head></head><BODY bgcolor="#FFFFFF"><p><font size=3 color="#0000FF" face="Arial">Onno, thank you for the two web pages information.Adiosˇ &nbsp;Manuel <br><br> <br><br><font color="#000000">----------<br>De: Onno Goedknegt &lt;<font color="#0000FF"><u>goedkneg@xxxxxx</u><font color="#000000">&gt;<br>A: <font color="#0000FF"><u>metastock@xxxxxxxxxxxxx</u><font color="#000000"><br>Asunto: Re: Formula help<br>Fecha: sábado 15 de agosto de 1998 4:18<br><br>Manuel,<br><br>Examples to interpret OBV:<br><font color="#0000FF"><u>http://www.equis.com/free/taaz/onbalanvol.html</u><font color="#000000"><br><font color="#0000FF"><u>http://www.winmidas.com/</u><font color="#000000"><br><br><br>Adios!<br><br>Onno<br><br>At 19:33 14-8-98 +0200, you wrote:<br>&gt;I would appreciate it someone could tell me how <br>&gt;to use the On balance Volume &nbsp;Metastock formula. <br>&gt;The formula itself is &quot;obv()&quot;. What shall I include in <br>&gt;parenthesis? I was trying to add a figure but it <br>&gt;seems that the purpose of the parenthesis &quot;()&quot; <br>&gt;is not to contain any data, am I right? I consulted the <br>&gt;MS manual page 371, page 230, and page 202 but <br>&gt;I could not get any further. &nbsp;I am using Metastock V5.11<br>&gt;<br>&gt;Thanks, Manuel Barquin, Madrid, Spain <br>&gt;<br>&gt; <br>&gt;<br>&gt;<br>&gt;<br>&gt;&lt;html&gt;&lt;head&gt;&lt;/head&gt;&lt;BODY bgcolor=&quot;#FFFFFF&quot;&gt;&lt;p&gt;&lt;font size=3 color=&quot;#0000FF&quot;<br>face=&quot;Arial&quot;&gt;I would appreciate it someone could tell me how &lt;br&gt;to use the<br>&lt;u&gt;On balance Volume &lt;/u&gt;&amp;nbsp;Metastock formula. &lt;br&gt;The formula itself is<br>&amp;quot;obv()&amp;quot;. What shall I include in &lt;br&gt;parenthesis? I was trying to<br>add a figure but it &lt;br&gt;seems that the purpose of the parenthesis<br>&amp;quot;()&amp;quot; &lt;br&gt;is not to contain any data, am I right? I consulted the<br>&lt;br&gt;MS manual page 371, page 230, and page 202 but &lt;br&gt;I could not get any<br>further. &amp;nbsp;I am using Metastock V5.11&lt;br&gt;&lt;br&gt;Thanks, Manuel Barquin,<br>Madrid, Spain &lt;br&gt;&lt;br&gt; &lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;font size=3&gt;&lt;br&gt;&lt;/p&gt;<br>&gt;&lt;/font&gt;&lt;/font&gt;&lt;/body&gt;&lt;/html&gt;</p>
</font></font></font></font></font></font></font></font></font></font></body></html></x-html>From ???@??? Sat Aug 15 10:33:31 1998
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From: BGiroux <bgiroux@xxxxxxxxxxx>
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Al Taglavore wrote:
> 
> BGiroux wrote:
> >
> > Hello,
> >
> > I have a good mechanical system that works well for me.  I have found
> > that one of the most important parts of my trading activity relates to
> > my willingness to pull the trigger when the system generates the
> > signal.  My hesitation results in my profitablity being reduced.  I
> > would be interested in finding out if anyone else has had this problem
> > and if anyone might have a constructive suggestion.
> >
> > Thank you,
> >
> > Bruce Giroux
> 
> Bruce,
> 
> I believe that almost everyone experiences this phenomena from time to
> time.  There are many work arounds, but these are not solutions.  First
> and foremost, we need to learn that we will never know, and we do not
> need to know. Bob Koppel, an exceptional trader and author made this
> statement in a workshop I attended four years ago.  It took me two years
> to understand that simple statement.  When you put on a trade, you place
> your capital at risk.  Risk is something that we have been taught to
> avoid.  In trading, our job is to manage risk, not avoid it.
> 
> Now, you say that you have a very good mechanical system.  Perhaps you
> do not have a good system.  Perhaps you have an excellent entry method.
> Let me explain.  If you have tested your system, you know it is not 100%
> accurate.  It it was 90% profitable, you would never know when the other
> 10% would surface.  Think about that: right 900 times out of a 1000.
> What will this next signal be: one of the 900 rights or one of the 100
> wrongs?  Now Mr. Koppel's statement: you don't know, you will never know
> and you do not need to know.
> 
> If you have a good system, you will have your entry point, your profit
> objective, your re-entry technique and your exit method.  You have, as
> most do, spent a considerable amount of time developing an entry that
> proves to be successful.  As much time should be spent developing an
> exit.  The entry enables you to produce profit.  The exit enables you to
> perserve capital.  When you perserve capital, you can come back another
> day.
> 
> When I had the problem of picking up the phone,  I was advised to write
> my entry, target, re-entry and most important, my exit BEFORE I entered
> the trade.  Remember, before you enter you can be objective.  After you
> have entered the trade, you have a position and cannot be totally
> objective.
> 
> I would offer that if you put together your TOTAL system, write you plan
> on your chart, then you will be better prepared to simply follow your
> written instructions.  You know you systems profitability factor.  If
> the trade fails, you are not personally at fault, you did what your
> system dictated you to do.  Just think: I do not know, I will never
> know, and I do not need to know---because I have planned my exit and
> therefore managed my risk (loss).
> 
> Al Taglavore

Al,

I know you are correct about items you mentioned.  When I first began
developing the system I would be comfortable with, I didn't completely
understand the concept of a TOTAL system.  I got into the metastock
explorer and researched quite a few variables before I settled on my
current mechanical system.  I am discovering what most of you already
know, the mechanical system is just one small part of the whole system.
As I use my mechanical system I have found 'gaps' that have created
problems in my trading activity.  These 'gaps' have prompted me to
create some written rules to guide my trading activites.  These written
rules have helped me to avoid situations which would have resulted in
loss of capital.  Unfortunately, most of my written rules to complement
my mechancial system are relatively new and need the test of time. 

I appreciate your suggestions and feel fortunate to have an opportunity
to discuss my system implementation issues with the group. The responses
to my posting have given me insights into a different elements of my
system that need more development. I realize that I will never have a
perfect system but one that is my intereptation of the markets.  

Thank you again,

Bruce Giroux