|
PureBytes Links
Trading Reference Links
|
For what it's worth, I'm in your camp and endorse your
efforts. Hurst's work and your follow-thru deserve applause. We all know that
any and all of us could be handed a winner, and, screw it up. IMHO, it's not
only diligence, discipline and patience that are needed to trade, but, basically
I don't believe human beings are made for trading. It's not even an 50/50 chance
of being successful.
One of the key points about Hurst's 90% accuracy is that is a
combination of techniques, including defensive strategies. Edge-band is about as
LOW risk as you get. Interesting that Hurst, to satisfy his objectives of
trading, included maximizing the trading interval, sought to trade MID-BAND for
his model. How many people in real-time could not resist buying on the
first breakout of a VTL in the EDGE-BAND zone. As you know, he was looking
for what he called a multiplicity of cyclic lows, and to wait for the longer
duration cycle to bottom out. Talk about patience.
I agree. Hurst's approach, especially thru the principle of
VARIABILITY, makes it difficult to program.
As Hurst said or implied, the envelopes were representations
of 'nominal' cycles, and, as such were, in his opinion, crude. Since the filters
reflect the overall sum of (in this case) of larger duration cycles, predicting
turning points is an art of reading the observation as well as the calculation
part.
I guess you programmed the 1/2 span and 1/2 of the 1/2 span
projections.
Keep up the good work, Cylde. It IS exciting!
Tim
.
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Clyde Lee
To: <A
href="mailto:swingmachine@xxxxxxxxxxxxxxx";
title=swingmachine@xxxxxxxxxxxxxxx>Swingmachine
Sent: Wednesday, June 12, 2002 10:40
PM
Subject: [RT] You Gotta Pay Attention to
Hurst
I have been told that I get a bit carried away
when I think I
have found something that has great value to me
and to my
friends.
Well, for years I have known that J.M. Hurst and
his centered
moving averages (CMA) were a very powerful tool
for showing
where potentially LOW RISK trades
existed.
The problem was that all this was in "historical
form" since CMAs
always could not be plotted up to date in real
time.
If you have the talent to do so and can keep your
mind on what
the charts say and do the projections on that
"hard nosed" basis
then that is great.
I never could. I also could not find
something that could automatically
draw for me the HIGH PROBABILITY lines for the up
to date /
realtime values for the CMA's.
The Fourier analysis and extrapolation seems to
nail this problem
in such a fashion that we should all take
advantage of it.
Look at the attached. It appears that we
have reached or are
certainly approaching a time at which a LONG
position is a very
LOW RISK entry.
Remember, the Hurst EDGE BAND zones do not
guarantee that
you will not have a loss, they simply guarantee
that you do have
a very low risk opportunity for a
trade.
PLEASE PAY ATTENTION ! !
Clyde
- - - - - - - - - - - - - - - - - - - - - -
- - - - - -Clyde Lee
Chairman/CEO (Home of
SwingMachine)SYTECH
Corporation email: <A
href="mailto:clydelee@xxxxxxxxxxxx";>clydelee@xxxxxxxxxxxx 7910
Westglen, Suite 105
Office: (713) 783-9540Houston, TX
77063
Fax: (713) 783-1092Details
at:
www.theswingmachine.com- - -
- - - - - - - - - - - - - - - - - - - - - - - -
-To unsubscribe from this group, send an email
to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour
use of Yahoo! Groups is subject to the <A
href="http://docs.yahoo.com/info/terms/";>Yahoo! Terms of Service.
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|