Hi Jerry,
I don't think anyone is trying to argue. The guys that are trying to argue are the Leos and Lauras of the boards and they are very obvious and transparent. They are also very rare on our TA threads. I made a decision several months ago after a misunderstanding I had with one of my friends over on "beginners", you know him hes a pretty good egg. Unless someone just outright called me a liar or a fool or something I would always give them the benefit of the doubt as to whether they were on my case or not. After said misunderstanding I started feeling like people were po'd at me and giving me a hard time. I had had about enough when I got a post from Chandler on a TA subject, it was about me wanting to know the why of an indicator working. I thought he was all over me. When I responded with a post of my own I guess my skin was getting pretty thin and it showed a little bit. He responded back in a very clearly worded post and said he was not on my case, he was very much like me at one point as to wanting to know the why and was sympathetic to my position. It is very easy to read things in the posts that aren't actually there. Also for some of us slower guys its easy to read the same thing 50 times and get it at number 50, if that soon.
Now on to more important things.
In my original post I said something like DAHL was the best "long term mechanical system that I have seen". I was very specific intentionally. As far as DAHL being my time frame I simply don't know. My jello is not even starting to get solid yet. One day I'm looking at longterm indicators, the next its oscillators, then S/R and patterns. Then I start mixing them all togeather. Not to mention some of the indicators that I've dreamed up that I wouldn't tell anybody about. I'm very much in a state of flux.
The closest thing I have to a system that I would call consistent with me is S/R, Gann retracements, 50 and 200 day sma, vol, and DAHL. It is pretty short term maybe 2 to 7 trading days.
Don't worry I havn't given up on the idea. I like it too. Just the indicator, the way it is now, is not very good. This indicator would probably be more intermediate term when/if it works, so you are correct my comparison should be with something other than DAHL. I must ask though if the total % return dosn't compare with DAHL why would you use it? Not you meaning you, just you meaning me or anyone. Anyway what good "mechanical" intermediate system would you suggest as a touchstone.
I do believe that the only way to fairly test systems is in a mechanical computer test. It removes the trader but leaves the system. I mean that if there was a great system called DGS "DAVES GREAT SYSTEM" and it was mechanical anyone who would follow it could get great results. If on the other hand you and I were to test our S/R systems against each other with a type of competition or something this is not a test of the system it is a test of us as traders and I'm sorry to say that I might come up on the short end of the stick, for now.<ggg>
See ya in NJ,
David
Gotta go watch Mulder and Scully for now. I'll be back later. |
