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No I'm serious, candlesticks do have failings and
no longer work in the western world like they did in 14th to 17th century
Japanese rice markets. Risking money on untested formations is no
joke.
P
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
First Pacific
Securities P/L
To: <A title=amibroker@xxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Saturday, October 06, 2001 3:14
PM
Subject: Re: [amibroker] Re:
Candlestick-Analyzer
ARE YOU SERIOUS or are you just having a joke?
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
<A title=winchp@xxxx
href="">server not recognized
To: <A title=amibroker@xxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Saturday, October 06, 20012:44
PM
Subject: Re: [amibroker] Re:
Candlestick-Analyzer
Typical goddam yank. Arrogant, insular and
isolationist.As if the world revolves around the DJ!
Schesh. Is it any wonder people plaster your buildings over the
sidewalk?Now I've got that off my chest.., in Steve Nisons book,
"Japanese Candlestick Charting techniques" he investigated
candlesticks in1987 and first published in 1990. He says centuries
old technique very little known in west, in fact hardly anything in
Englishbefore 87. So this standard reference text is about the
ancient Japanese rice market, adapted to the Japanese stock market
byJapanese. Then translated into English and published. Not
once are any of the combinations backtested. A good few examples
ofwhat they look like in a chart performing how they are supposed to
work, but no substantial evaluation of success. So is it
notunreasonable to first check the validity? I think in AB it
would be dead simple to access a score for each formation included
andbacktest. I know that a commercial group has done exactly this
and discovered that the results are less than great, and re-castingthe
formations was necessary and the substance of their commercial
offering.As an approach to trading I think pattern seeking is fine,
I'm only suggesting that the proper care and caution be applied
beforeusing them with real money.Now if, we can avoid the
facetiousness in future we'll all be better off.P-----
Original Message -----From: "Tom McDaniel"
<tmtempe@xxxx>To:
<amibroker@xxxxxxxxxxxxxxx>Sent: Saturday, October 06, 2001 12:28
PMSubject: Re: [amibroker] Re: Candlestick-Analyzer>
Hmmmm. Does anyone have a data source for the Dow Jones back to the
17th century? Yahoo doesn't go back that far.>>
-TM>> server not recognized wrote:>> > Itake
your comments in good humour Dimitri, but I have read of recent
formations only being about 40% successful i.econsistent> >
with what they were supposed to do. Others were completely contrarian,
either indicating irregularly or completely the oppositeof> >
what they were supposed to indicate.> >> > I'd therefore
suggest a back test count on each before simply accepting them.>
>> > P> >> > ----- Original Message
-----> > From: "DIMITRIS TSOKAKIS"
<TSOKAKIS@xxxx>> > To:
<amibroker@xxxxxxxxxxxxxxx>> > Sent: Saturday, October 06,
2001 2:58 AM> > Subject: [amibroker] Re:
Candlestick-Analyzer> >> > > Well, well...>
> > Yuki is trading 30 years, you are 300 year trader, I think itis
the> > > proper time to move to a newbies rock+roll T/A
site...> > > DT> > > --- In amibroker@xxxx,
"server not recognized" <winchp@xxxx> wrote:> > > >
Tom,> > > >> > > > Have you checked each
candlestick formation because I recall they> > > don't work
like they did in the 17th century.> > > >> > >
> P> > > > ----- Original Message
-----> > > > From: Tom Supera> > >
> To: amibroker@xxxx> > > > Sent:
Friday, October 05, 2001 11:03 PM> > > >
Subject: [amibroker] Candlestick-Analyzer> > > >>
> > >> > > > Hi,> > >
>> > > > Here's my formula for
candlestick-detecting, but it's in work and> > > also not
complete and not optimized.> > > > If anyone of
you are interested to share and optimize the formula> > > with
me, i'm happy.> > > > After them, i work ona
trading system with CCI or MRI, any> > > overbought/oversold
indicator, volume and the candlestick analyzer.> > >
> I think it's one of the best way to make a good winning
system.> > > >> > > > Thanks for
your help> > > >> > > > Tom
Supera> > > >> > >
> Yahoo! Groups
Sponsor> > > >> > > >> > >
>> > > > Your use of Yahoo! Groups is subject
to the Yahoo! Terms of> > > Service.> > >>
> >> > >> > >> > >>>
> Your use of Yahoo! Groups is subject to <A
href="">http://docs.yahoo.com/info/terms/>
> >> > >> >> >> >>
>> > Your use of Yahoo! Groups is subject to <A
href="">http://docs.yahoo.com/info/terms/>>>>>>
Your use of Yahoo! Groups is subject to <A
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Your
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