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Discounting Systems



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I agree Walter, and this is the same point I'm trying to make here and on my
web site. Systems are highly-speculative, and there's value to be gained by
learning to depend on them less. This is just my opinion, and it's all I
wanted to talk about. I have not attacked anyone because I disagreed with
them, or because I thought they had ulterior motives. It's fair for people
to be skeptical and cynical, and to suggest that I am not being sincere. But
the personal attacks are a bit much.

PLEASE PEOPLE, TRY TO STOP FOCUSING ON ATTACKING OTHERS. LET'S DISCUSS AND
DEBATE ISSUES AND IDEAS ABOUT SYSTEMS TRADING.



> -----Original Message-----
> From: Walter Hooker [mailto:whooker@xxxxxxxxxxxxxx]
> Sent: Wednesday, February 04, 2004 11:58 AM
> To: omega-list@xxxxxxxxxx
> Subject: Fw: Complaint about Omega List Subscriber
>
>
> I keep coming back to this:
>
> "There are old traders and there are bold traders, but there are
> no old bold
> traders."
>
> Short term trading over the last several years (about six years)
> has made me
> rely on system less and trading more (i.e. price). That does not mean I
> don't use charting software like Tradestation and don't have my on ideas
> about indicators.  It seems I have coded hundreds (at least
> dozens) of ideas
> over the years but keep coming back to price.
>
> I'm new to this list and hope we talk more about trading ideas and less
> about each other. I enjoy good conversation about indicators, charts and
> even systems.
>
> Regards, Walter Hooker
>
> ----- Original Message -----
> From: "drwar" <drwar@xxxxxxxxxxx>
> To: "Ron Hudson" <ron@xxxxxxxxxxxxx>; <omega-list@xxxxxxxxxx>
> Sent: Wednesday, February 04, 2004 1:31 PM
> Subject: Re: Complaint about Omega List Subscriber
>
>
> > Get a life! and stop abusing us on this list  If you want to whine about
> > someone to the moderator
> > send it to the moderator. Don't send it to the list.
> >
> > ----- Original Message -----
> > From: "Ron Hudson" <ron@xxxxxxxxxxxxx>
> > To: <omega-list@xxxxxxxxxx>
> > Sent: Wednesday, February 04, 2004 2:18 PM
> > Subject: Complaint about Omega List Subscriber
> >
> >
> > > Dear Omega list moderator,
> > >
> > > I like the fact that the Omega list is opened and uncensored.
> However, I
> > > think that people like Mr. Snowden really have no business being here.
> > > Please consider removing him from the list based on the post below.
> > >
> > > I am posting this request on the list in hopes of discouraging others
> like
> > > Mr. Snowden from using the list to abuse people as he has
> done to me and
> > so
> > > many others in the past.
> > >
> > > Yours Sincerely,
> > >
> > > Ron Hudson
> > > Tradestation 7 Easylanguage Specialist
> > >
> > >
> > > > -----Original Message-----
> > > > From: Jimmy Snowden [mailto:jhsnowden@xxxxxxx]
> > > > Sent: Wednesday, February 04, 2004 9:21 AM
> > > > To: Omega-list@xxxxxxxxxx
> > > > Subject: Re: Honest System Vendors?
> > > >
> > > >
> > > > Ron,
> > > >
> > > > You have proved yourself to us.  We are trying to ignore you so you
> > > > will go away.  You know so little, and it is wrong, that you are a
> > > > pain and a waste of everyone's time on this list.  You are clearly
> > > > certifiable and a liar.  You have no value to anyone.  You
> are a loser
> > > > and want attention like a child.  Just because you spent 8 years
> > > > unable to build a system that does anything but lose money doesn't
> > > > mean you have to convince us we can't make money.  Most of us don't
> > > > care about systems that are for sale.  We don't need them.  They are
> > > > not good enough.  Now go find a whiner list to join and
> bore them with
> > > > your psychotic nonsense.  You are the only offensive one here right
> > > > now.  You have hidden for five years on this list so go back to
> > > > lurking or just leave.
> > > >
> > > > Best regards,
> > > >   Jimmy Snowden
> > > > mailto:jhsnowden@xxxxxxx
> > > >
> > > >
> > > > Wednesday, February 4, 2004, 11:13:37 AM, you wrote:
> > > >
> > > > RH> I have shopped and evaluated hundreds of systems over the
> > > > last 8 years,
> > > > RH> mostly for day trading S&P futures. Three systems vendors
> > > > whose work I have
> > > > RH> found to be credible and of value are listed in the table
> > > > below. I know that
> > > > RH> people here will accuse me of advertising for these guys, but
> > > > I respect
> > > > RH> their work and I think it's worthy of ackowledgement:
> > > >
> > > > RH> Vendor          System  Backtesting             Real-time
> > > >           Web Site
> > > >
> > > > RH> John Ehlers     R-Mesa  to 1985         > 3 years
> > > >   www.mesasoftware.com
> > > > RH> Jack Cahn               Daybreaker      to 1998         > 3
> > > > years               www.traderassist.com
> > > > RH> John Clayburg   Cyclone at least 1998   > 3 years
> > > >   www.clayburg.com
> > > >
> > > > RH> I would love to have a FAIR and MATURE conversation about
> > > > these guys if
> > > > RH> anyone wants to debate their merits and fallacies. I know a lot
> > about
> > > > RH> systems testing and evaluation, and I'm sure I could learn
> > > > more by debating
> > > > RH> the integrity of these systems. I accept that I may not know
> > > > all of the
> > > > RH> answers about the quality of commercial trading systems, but I'm
> > very
> > > > RH> interested in the subject.
> > > >
> > > > RH> I propose we try again to have a mature and intelligent
> > > > discussion without
> > > > RH> name-calling, attacking eachother's credibility, and flogging
> > > > one another.
> > > > RH> If you disagree with something, then try to state why, and
> > > > try to present
> > > > RH> your arguments as if you were an attorney making your case in
> court.
> > > > RH> Remember that when you attack others personally, it almost
> > > > always has a
> > > > RH> negative impact on your ability to persuade others to your
> > > > way of thinking.
> > > >
> > > > RH> I would like to see the anger and hostility of this group evolve
> > into
> > > > RH> something more productive and helpful. We CAN evolve this
> > > > list to more than
> > > > RH> a thug-fest. There are people reading this list who are
> > > > seriously interested
> > > > RH> in learning the TRUTHS about trading systems. Those of us who
> > > > are learning,
> > > > RH> cannot benefit unless we are able to see something that
> > > > actually works. The
> > > > RH> three systems listed above have worked IN REAL-TIME TRADING
> > > > for at least
> > > > RH> three years. There are other systems too, but these are good
> > > > starting points
> > > > RH> for a discussion. The code behind these systems is clearly
> > > > discussed on the
> > > > RH> web sites, and it's no secret to some here what each of them is
> > based
> > > > RH> on....and why they "work."
> > > >
> > > > RH> If you guys can learn to behave, then I'd be willing to
> > > > invite each of these
> > > > RH> vendors to come here and respond to INTELLIGENT questions.
> > > > I'm sure they all
> > > > RH> believe in their stuff, and that they'd be willing to engage
> > > > in a friendly
> > > > RH> debate as I have attempted to do. Let's try to clean up this
> > > > room so that it
> > > > RH> is more conducive to intelligent debate and discussion.
> > > > Otherwise, we're
> > > > RH> stuck with only the more closely-scrutinized and censored
> > newsgroups.
> > > >
> > > >
> > > > >> -----Original Message-----
> > > > >> From: DH [mailto:catapult@xxxxxxxxxxxxxxxxxx]
> > > > >> Sent: Wednesday, February 04, 2004 12:54 AM
> > > > >> To: 'Omega List'
> > > > >> Subject: Re: Market Timing Hoaxes, Myths, and Scams
> > > > >>
> > > > >>
> > > > >> > I don't believe everyone here hates system
> > > > >> > vendors.. That is way too harsh....There are many
> genuine vendors
> > out
> > > > >> > there who are open and above board.
> > > > >>
> > > > >> Name one.
> > > > >>
> > > > >> --
> > > > >>   Dennis
> > > > >>
> > > >
> > > >
> > > >
> > > >
> > > > Outgoing mail scanned by Norton
> > > >
> > > >
> > >
> >
>