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Guy:
I originally sent this as a private email. Even though I cut and pasted
your email address it was returned as undeliverable. I am posting it to the
listserver and cc to you.
Lionel Issen
-----Original Message-----
From: Lionel and Gail Issen <lissen@xxxxxxxxxxxxxxxx>
To: Guy Tann <grtann@xxxxxxxxxxx>
Date: Thursday, January 14, 1999 5:29 PM
Subject: Re: Zero Balance
>Guy:
>
>When you use a term like "a day late and a dollar short", you show your age
:)
>I first heard this term back around '44 when I was in the Canadian army.
>
>More seriously. You have touched on the difficulty with any forecasting
>tool like indicators. While they can improve your odds, they cant take
into >account the randomness in any system and abrupt chaos type changes
that occur at the extremes. We can say that the market is too high: but we
cant predict that it is going to crash on a particular day or week or month.
We are always at the hard right edge of the chart, notwithstanding the
claims that Gann predicted the '29 crash to the day (but made no money on
it), while Livermore made a mint using relatively simpler methods to make
his trading decisions.
>
>I look forward to your postings. They are insightlful and no nonsense.
>
>Your Father sounds like a great person. Like you, I was fortunate that my
>parents kept their marbles till the end.
>
>Regards
>
>Lionel
>
>
>-----Original Message-----
>From: Guy Tann <grtann@xxxxxxxxxxx>
>Date: Thursday, January 14, 1999 5:02 PM
>Subject: RE: Zero Balance
>
>
>>Lionel
>>
>>I think you're right here. The problem is determining when you've reached
>>that last point on the leg, since you can't rely on today's value in any
>>calculations. Unless this is the last point, you won't know whether you
>can
>>use the number or not until the next day. A $ short and a day late :).
>>Makes it a little hard to trade unless you develop a leading indicator
>>(really leading).
>>
>>Guy
>>
>>
>>> -----Original Message-----
>>> From: owner-metastock@xxxxxxxxxxxxx
>>> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Lionel and Gail Issen
>>> Sent: Wednesday, January 13, 1999 8:56 PM
>>> To: metastock@xxxxxxxxxxxxx
>>> Subject: Re: Zero Balance
>>>
>>>
>>> Isnt it just the last leg of the zig-zag indicator that changes daily?
>>>
>>> Lionel Issen
>>> -----Original Message-----
>>> From: The Lurker <rcbarlow@xxxxxxx>
>>> To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
>>> Date: Wednesday, January 13, 1999 6:00 PM
>>> Subject: Re: Zero Balance
>>>
>>>
>>> >Guy Tann wrote:
>>> >>
>>> >> Randy
>>> >>
>>> >> You want to stay away from that Zig Zag indicator. It changes daily.
>>> The
>>> >> value for today's date may or may not be the same as today's value
>>> tomorrow.
>>> >>
>>> >> I developed a dyn-o-mite system several years ago before my
>>> dad looked at
>>> it
>>> >> and started laughing his head off. That system was 100% accurate,
but
>>> >> there's nothing like 20-20 hindsight.
>>> >>
>>> >> Guy
>>> >>
>>> >> > -----Original Message-----
>>> >> > From: owner-metastock@xxxxxxxxxxxxx
>>> >> > [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of The Lurker
>>> >> > Sent: Saturday, January 09, 1999 6:27 PM
>>> >> > To: metastock@xxxxxxxxxxxxx
>>> >> > Subject: Re: Zero Balance
>>> >> >
>>> >> >
>>> >> > Adam Hefner wrote:
>>> >> > >
>>> >> > > Hello Randy,
>>> >> > > I'm not sure what the problem is, but I suspect it has to do
>>> >> > > with the the ZigZag function. The default value is 5%, but
>>> >> > > I'm not exactly sure what the "5%" is based on (does some-
>>> >> > > one else know?), all I know is that it is based on the price
>>> >> > > in some way. Below you will find an updated version that
>>> >> > > allows the "%" amount to be chosen. Have you found any
>>> >> > > benefit from this indicator? I personally found it to be a
>>> >> > > little unreliable, but perhaps someone has found useful.
>>> >> >
>________________________________CUT________________________________
>>> >> > Adam Hefner
>>> >> > > >Adam,
>>> >> > > >I am not at all familiar with Metastock programming although I
>use
>>> >> > > >Metastock 6.5(6.52), but my question is: Why does the above
code
>>> not
>>> >> > > >work on Financials such as Jap Yen, Swiss Franc, Br Pound, etc?
>>> >> > > >Is there another way to code this to work on Currencies?
>>> >> > > > Thanks
>>> >> > > > Randy
>>> >> > Adam & all,
>>> >> > I am trying to combine this with a couple of indicators for testing
>>> >> > buy/sell signals but it will not work on currencies. Does
>>> anyone else
>>> >> > out there know if the Zig function is what is keeping it from
>working
>>> >> > on Currencies?
>>> >> > thanks,
>>> >> > Randy
>>> >> >
>>> >Guy, I'm glad I got your message today. I was going to start trading
>>> >it on the open tommorrow morning. Guess I'll regroup.
>>> > Thanks,
>>> > Randy
>>> >
>>>
>>
>
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