Milo's TA discussion and sharing thread

wahkao3

wahkao3

High Supremacy Member
Joined
Mar 6, 2005
Messages
26,802
Reaction score
24
stocklah said:
lol, u mis-read my statement, Moving Average Cross isn't MACD. Yes, i created the website.
Click to expand...
oh ok, my bad.
We probably have different method in the first place.
at least they are based on the same principals
 
S

stocklah

Senior Member
Joined
Apr 28, 2012
Messages
2,034
Reaction score
16
wahkao3 said:
please be careful of your basket testing method
Here's why:
THNPSrb.png
Click to expand...

agreed :o:o:o
 
Milo-Dino

Milo-Dino

Great Supremacy Member
Joined
May 15, 2009
Messages
72,285
Reaction score
31,144
wahkao3 said:
Thanks for attaching your back test results. I do not know how to compare it. Not sure what is VAMI. Also not sure about the type of back testing and on which market. The results you posted do look really good though.

My own back test involve SGX and doing a true portfolio simulation.
My own conclusion is that MACD is crap even though its been used by so many practitioners.

In fact, I played around with RSI, ATR, different timeframe moving average and boilenger's band and a lot of other established TA. I conclude they are useless.

I used to hold TA in high regard until I done the test myself.

I am sorry for those of you who hold TA in high regard but I can confidently tell you that most of them are useless.
Click to expand...
jin satki... can ask moderator to delete this thread liao since TA no use.

I personally feel it's about understanding what the indicators are and how to correctly use them.

I use MACD only to pick reversal potential. I don't use RSI, stocs, ATR etc etc etc.

Bollinger band is just for me to see how strong the move is compared to the past period of time.

MA is just average price lor...
 
Sinkie

Sinkie

Greater Supremacy Member
Joined
Jan 20, 2009
Messages
86,036
Reaction score
20
someone asked me, why did and would i buy china minzhong at $0.55 when price was dropping 50%?
1) base on the TA, 53c was the historical low

Drje2t8.png


2) base on news, i know indoagri already took a stake of 29.33%, and 0.77% more will be enough to trigger a takeover price at 1.12, and this is the best possible way to let me exit.

3) i was also expecting it to halt to rebut or clarify overnight, and thus killing all the shortists, and force them to cover the next day. i was ready to even average my way down till it halt, but i din expect mz to halt less than 5min after i bought. my first expected entry was 70c, but the support didnt hold, so i went down to 55c for my first entry

4) nta of chinamz is $1.04usd, a good price to buy at $0.55

5) people was asking, do i not care about report, i did read the report, but when i read the part where they accused the ipo propetus was somehow fake or fabricated, i csi the cfo, Mr Siek Wei Ting, Ryan (谢威庭先生) and realised that the cfo was a fellow sinkie, formely from ntu, and even got a prize from ntu. i seriously doubt a sinkie will be so corrupted. if it is a tiong, i will probably give this a miss

6) milo told me ipo auditor has to audit the account for 3 years, and i understand the ipo process too, so im somehow sure the auditor wont be so cock to assist in fabricating the ipo propestus and sell to gic also

i took a punt at the previous historical low, not alot but small enough to let it suspend n not feel anything, just somehow mentally prepare to let it suspend like gaoxian. thats all.

this is pure luck, im just lucky..
 
Milo-Dino

Milo-Dino

Great Supremacy Member
Joined
May 15, 2009
Messages
72,285
Reaction score
31,144
Sinkie said:
someone asked me, why did and would i buy china minzhong at $0.55 when price was dropping 50%?
1) base on the TA, 53c was the historical low

Drje2t8.png


2) base on news, i know indoagri already took a stake of 29.33%, and 0.77% more will be enough to trigger a takeover price at 1.12, and this is the best possible way to let me exit.

3) i was also expecting it to halt to rebut or clarify overnight, and thus killing all the shortists, and force them to cover the next day. i was ready to even average my way down till it halt, but i din expect mz to halt less than 5min after i bought. my first expected entry was 70c, but the support didnt hold, so i went down to 55c for my first entry

4) nta of chinamz is $1.04usd, a good price to buy at $0.55

5) people was asking, do i not care about report, i did read the report, but when i read the part where they accused the ipo propetus was somehow fake or fabricated, i csi the cfo, Mr Siek Wei Ting, Ryan (谢威庭先生) and realised that the cfo was a fellow sinkie, formely from ntu, and even got a prize from ntu. i seriously doubt a sinkie will be so corrupted. if it is a tiong, i will probably give this a miss

6) milo told me ipo auditor has to audit the account for 3 years, and i understand the ipo process too, so im somehow sure the auditor wont be so cock to assist in fabricating the ipo propestus and sell to gic also

i took a punt at the previous historical low, not alot but small enough to let it suspend n not feel anything, just somehow mentally prepare to let it suspend like gaoxian. thats all.

this is pure luck, im just lucky..
Click to expand...
sinkie huat huat!
 
wahkao3

wahkao3

High Supremacy Member
Joined
Mar 6, 2005
Messages
26,802
Reaction score
24
Milo-Dino said:
jin satki... can ask moderator to delete this thread liao since TA no use.

I personally feel it's about understanding what the indicators are and how to correctly use them.

I use MACD only to pick reversal potential. I don't use RSI, stocs, ATR etc etc etc.

Bollinger band is just for me to see how strong the move is compared to the past period of time.

MA is just average price lor...
Click to expand...
wa lao no need to delete thread. y u suggest something lidat?

to be brutally honest, its 100% useless for me.
maybe for you, you understand TA and can apply them profitably.

For me, after doing the simulations, I yet to have any success.:(
 
You must log in or register to reply here.
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ Forums. Forum members and moderators are responsible for their own posts. Please refer to our Community Guidelines and Standards and Terms and Conditions for more information.
Top