Ok I was naive; I thought I could simply ask and get some easy answers which would get me right on track to get new ideas on how to build a hourly system...
I'll stick around and try to get some piece of wisdom and maybe I will be able to build something with those that will eventually allow me to build the system I want to build! Louis 2008/3/21, brian_z111 <[EMAIL PROTECTED]>: > > (Subjective) investigations into the 'human condition' have been > going on, in parallel with our search for objective truths, as long > as humanity has been around. > > This body of information has been collected and preserved, by the > few, for the benefit of mankind (the many) and consitutes a SCIENCE > to its guardians, adherents and students. > > From that body of WISDOM two principles can be extracted that are > relevant to your comments: > > holism is universally persistent (all things are made in the IMAGE of > the creator) > > and, > > flowing from that, we derive the principle of CORRESPONDENCE > (operating principles in one sphere, have their corresponding > principle in another)... > > ...but that is going to far OT. > > Over to trading (OR how the above relates to trading): > > Over the long term the bias of the (stock) market is a function of > the earnings performance of the component companies. > > This is skewed by the behaviour of market participants, which > introduces randomness to the markets. > > The shorter the timeframe the more dominant is 'randomness' (which of > course is not true randomness). > > (If you are interested in the subject of organising principles and > holism Carl Jung's work on Psychological Archetypes is a wonderful > example of how the universal paradigms play out in the affairs of > wo/mankind). > > brian_z *:-) > > > --- In [email protected] <amibroker%40yahoogroups.com>, "Ronald > Davis" <[EMAIL PROTECTED]> wrote: > > > > I maintain the view that algorithms exist in nature, and that > people who develop algorighms are only discovering another one of > nature's secrets. > > > > When my son first showed me Amibroker several years ago, I looked > at charts with Stochastics, and RSI, and I became convinced that > mother nature has algorithms that can find the central core of all of > that volatility. > > > > I have yet to discover mother nature's algorighms, but my attempts > have led me to some conclusions. > > > > ---------------------------------------------------------- > ---------------------------------------------------------- > ------ > > > > My results WERE BEST when I "AVERAGED THE LAST SEVERAL HUNDRED DAYS > OF ACTIVITY" > > > > and watched the LAST 9 DAYS>of the performance of this average of > hundreds of days. > > > > ---------------------------------------------------------- > ---------------------------------------------------------- > ------ > > > > My results WERE LESS GOOD when I "AVERAGED OF LAST 9 DAYS OF > ACTIVITY" > > > > and watched the LAST 9 DAYS>of the performance of this average of > only 9 days. > > > > ---------------------------------------------------------- > ---------------------------------------------------------- > ----- > > > > Hope this helps someone. Ron D > > > > ---------------------------------------------------------- > ---------------------------- > > > > ----- Original Message ----- > > From: Louis Préfontaine > > To: [email protected] <amibroker%40yahoogroups.com> > > Sent: Thursday, March 20, 2008 10:25 PM > > Subject: [amibroker] Philosophical question > > > > > > Hi group, > > > > I just began reading Howard Bandy's book (even though I did not > finish Aronson's book yet...), and a somehow philosophical question > came to my mind when he speaks about the market's inefficiency and > how we must take advantage of it. He talks both about moving > averages and breakout, and I was wondering which one of the two > techniques do you think is the more promising for such a system? > > > > I ask this because as far as subjective technical analysis is > concerned, I am more used with breakout techniques. But the real > inefficiency in breakout techniques comes from time, that is if one > can act quickly enough to make a profit from the sudden change in > price. But from my experience it seems to be more difficult with EOD > or hourly data. And it is less profitable for someone (like me) who > is using options, which tend to anticipate the change quicker than it > really happens. > > > > Moving averages techniques, on the other side, seems a bit > mystical to me, and maybe a bit too simple or too « easy ». I don't > know much about them... > > > > But anyway, my question is: which one of those two techniques do > you prefer, or do you use both for entering a trade, or shorting a > trade? What can be a good way to trade for someone (like me) who > wants to trade hourly data and can't always get the beginning of a > breakout? > > > > Thanks! > > > > Louis > > > > >
