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"Mark Brown" <markbrown@xxxxxxxxxxxxx> wrote:
>the primary problem with all methods of trading lies in the data. the
>data itself is invalid to build a system upon. i have commented
>on this before - but the desire to run head on into system developing has
>shadowed the hard work that seems apparently unnecessary to the
>public...
Quite right, Mark. The problem is data.
I love you guys who build your super-accurate systems down to the tick on
your super-clean data... Then you turn around and apply the system to a
real-time data feed delivering fewer than half the real ticks.
Same goes for you guys building the man-eating double-precision systems...
Do you think that rounding to the nearest hundredth is a problem when you're
receiving one of every two ticks? Trading is a game of ranges, not exact
numbers.
Building your technical analysis on super-clean data is building on something
you will never experience in real-time. Of what possible value can such
technical analysis be?
OM
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