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> "Nothing is perfect but, if more traders adopted a rigorous scientific
> attitude, there wouldn't be so many people losing money and unable to
> understand why."
While I was working at lunchtime on my great "R-Points" theory (since
renamed W-days) I happened to see a woman on TV expounding on Feng Shui.
This woman was a Feng Shui consultant and makes her living advising people
on how they should arrange their homes and offices for better "Feng Shui
Harmony". For example on your desk in your office you should have a
waterfall to attract better Feng Shui energy. However you should not have a
water source (eg bathroom near the front door of your house (causes 'bad
harmony'. How on earth do you verify such claptrap - sorry such a theory?
You don't need to as long as you can get people to buy into it. Why do
physicians use penicillin instead of leeches to cure disease? Because
scientific examination showed that leeches provided no better results than
chance but penicillin did. That is not to say that leeches did not "help"
some people - people tend to get better no matter what physicians do. That
is why "aromatherapy" works for some people (ever see any scientific
examination of that?).
I hope you can see where I am going with this - Delta, or Astro or Andrews
or Mark Brown or whatever can have the **perception** of working - just as
my random "R-Points" (trademark). If you want to use them without proving
they are more accurate than chance then you are fooling yourself, which is
of course your inaliable right. It is not right however to lead newbies down
false paths (and I am not saying any particular path is right or wrong)
unless you have proof that your system works with an accuracy which is
better than chance. "Anyone can see there is a correlation" just doesn't cut
the mustard and I really don't feel that people should feel angry or
threatened if they are asked for proof.
dave
PS I am now having severe regrets about posting the secret of my "W-dates"
for free in this public forum. I really feel that if I held back I could
have done some serious marketing and started a "W-dates society" for a few
exclusive traders. {Remove tongue from cheek here}
----- Original Message -----
From: "Norman Winski" <nwinski@xxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, May 23, 2001 5:51 PM
Subject: Re: [RT] DA moon and Delta
>
> ----- Original Message -----
> From: "DH" <catapult@xxxxxxxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Wednesday, May 23, 2001 5:31 PM
> Subject: Re: [RT] DA moon and Delta
>
>
> > > Trading is not about perfect science.
> >
> > Nothing is perfect but, if more traders adopted a rigorous scientific
> > attitude, there wouldn't be so many people losing money and unable to
> > understand why.
> >
> > > Each information input should be
> > > viewed as incremental and cumulative.
> >
> > That's where, with all due respect, we disagree. We are all constantly
> > bombarded with far more information than we can use. Much of it is
> > contradictory and much of it is irrelevant. The trick is to learn to
> > ignore information that doesn't significantly contribute to the bottom
> > line. There is a whole field of engineering called digital signal
> > processing where the goal is to discard irrelevant information and only
> > keep what is important. Examples include radar imaging, photo
> > enhancement, removing the static from an audio recording, using seismic
> > data for oil exploration, etc.
> >
> > How often have you seen a trader with a dozen indicators on his screen
> > and he can't decide what to do? Give him one pretty good indicator and
> > he will at least be able to make a decision. It may be right or it may
> > be wrong but he won't sit there, paralyzed, unable to pull the trigger.
> >
> > IMHO, injecting mysticism into the decision-making process makes the
> > picture less clear, not more clear. Trading ain't rocket science but we
> > could learn a thing or three from the rocket scientists about how they
> > approach problems.
> >
> > --
> > Dennis,
>
> Funny you should mention rocket scientists. My uncle was the NASA's
first
> Director for Space Flight Operations and one of the founders. One of the
> lengendary stories about him is that when he was Director at Lewis in
> Cleveland, one of the engineers was stumped over solving a problem on
> designing an engine. He had his worksheets and blueprints spread out all
> over the place and had been working day and night trying to figure out how
> to solve this one problem. My uncle walked by to see what the guy was
> doing, and he explained the problem. My uncle took one look and said,
> why not move that over there? They did and it worked. Intuition works
too.
>
> If anyone would like to learn about some really cool behind the scenes
> stories about the US Space Program, drop me a line. I will send you a
link.
>
> Cheers,
>
> Norman
> >
> > To unsubscribe from this group, send an email to:
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> >
> >
> >
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http://docs.yahoo.com/info/terms/
> >
> >
>
>
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>
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>
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